6-Month T-Bills Yield Gains 1.18% to Close at 14.53%

By Dipo Olowookere

The yield on the 12-month treasury bills depreciated on Monday amid mixed sentiments witnessed at the secondary market for debt instruments.

Business Post reports that the one-year T-bills yield specifically went down by 0.03 percent to settle at 17.31 percent.

In addition, the yield on the 9-month paper suffered a 0.13 percent decline at the market yesterday to close at 16.60 percent, while the yield on the one-month note crashed by 0.57 percent to finish at 15.14 percent.

However, the yield on the 3-month bill appreciated on Monday by 0.50 percent to close at 13.09 percent, while 6-month bill increased by 1.18 percent to end at 14.53 percent.

Subsequently, at the close of market yesterday, the average treasury bills rate appreciated by 0.95 percent to settle at 15.33 percent.

Meanwhile, at the money market on Monday, the average rate advanced by 5.04 percent to close at 26.92 percent.

This came on the back of the gain recorded by both the Open Buy Back (OBB) and the Overnight (OVN) rates. While the OBB rate increased by 5.83 percent to settle at 25.83 percent, the OVN rate appreciated by 4.25 percent to close at 28.00 percent.