One-Year T-Bills Yields Fall to 14.96% from 15.10%

By Dipo Olowookere

The average yields of treasury bills at the secondary market slightly rose by 0.03 percent on Monday to settle at 13.26 percent from 13.23 percent it ended last Friday at the market.

Business Post reports that during the trading session, the yields appreciated for most of the maturities tracked amid renewed bearish activity in the secondary treasury bills market.

Except of the long-dated debt instrument, every other tenor appreciated at the secondary market yesterday.

At the close of transactions on Monday, yield on the 364-day T-bills depreciated by 0.14 percent to settle at 14.96 percent from 15.10 percent it recorded at the previous trading session.

But for the 30-day instrument, the yield appreciated by 0.07 percent to 12.40 percent from 12.34 percent, yield on the 90-day tenor rose by 0.06 percent to close at 12.68 percent from 12.61 percent, while yield on the 180-day maturity increased by 0.08 percent to 12.96 percent from 12.89 percent.

At the money market, rates depreciated yesterday by 0.47 percent to finish at 8.40 percent.

This followed the 0.43 percent decline recorded by the Open Buy Back (OBB) rate to close at 8.00 percent, while the Overnight (OVN) rate dropped 0.50 percent to settle at 8.79 percent.