Fri. Nov 22nd, 2024

One-Year T-Bills Yield Eases to 16.73% as CBN Mops up N200b

T-bills yields

By Dipo Olowookere

Treasury bills yields moved in different directions across maturities this week with the yields on 1 month and 3 months maturities increasing to 11.52 percent from 10.95 percent and 13.41 percent from 13.30 percent respectively.

However, yields for 6 months and 12 months maturities moderated to 13.66 percent from 13.68 percent and 16.73 percent from 16.82 percent respectively.

On Thursday, the Central Bank of Nigeria sold treasury bills worth N199.60 billion in the secondary market, with the total outflows offset by the inflows from the matured T-bills worth N397.72 billion.

Consequently, NIBOR moderated for all the tenor buckets tracked as the financial system was filled with liquidity.

NIBOR for overnight funds, 1 month, 3 months and 6 months moderated to 6.29 percent from 7.00 percent, 12.09 percent from 12.12 percent, 13.88 percent from 14.27 percent and 14.44 percent from 14.85 percent respectively.

By Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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