By Dipo Olowookere
Yields of treasury bills at the secondary market in Nigeria moved in different directions for most of the maturities monitored during Friday’s trading session.
Business Post reports traders yesterday were cautious at the market as they chew outcome of the previous day’s OMO sale by the Central Bank of Nigeria (CBN), while they kept an eye on the Monetary Policy Committee (MPC) meeting of the apex bank, where the benchmark interest rate was kept unchanged at 13.5 percent despite the inflation rate easing to 11.02 percent in August 2019, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
At the close of business on Friday, the average yields of treasury bills at the secondary market settled at 13.26 percent after appreciating by 0.02 percent.
Of the four tenors tracked yesterday, yields of two of the maturities closed positive, while the two others ended negative.
Yield on the one-month instrument appreciated by 0.22 percent to close at 12.50 percent against 12.28 percent it finished in the previous trading day.
In the same vein, yield on the six-month debt instrument went up by 0.17 percent to settle at 13.29 percent in contrast to 13.12 percent it closed on Thursday.
However, yield on the three-month tenor fell on Friday by 0.21 percent to close at 12.03 percent compared with 12.24 percent it previously ended, while yield on the 12-month maturity declined by 0.10 percent to finish at 15.21 percent versus 15.30 percent it settled in the previous session.
more recommended stories
Treasury Bills Yields Rise Ahead of Wednesday’s Primary Auction
By Dipo Olowookere The average yields.
Nigerian Stock Market Returns to Familiar Territory
By Dipo Olowookere The gains posted.
NASD Exchange Closes Flat as Activity Level Rises Tuesday
By Adedapo Adesanya NASD Over the.
Oil Suffers Further Fall on IMF Forecast, China Data
By Adedapo Adesanya Oil prices continued.
Naira Further Depreciates Tuesday After Total Border Closure
By Adedapo Adesanya The Naira depreciated.
Over N2 Trillion Cash in Circulation—CBN
By Adedapo Adesanya Total Currency-in-Circulation (CIC).
IMF Cuts Global Growth Forecasts by 3%
By Adedapo Adesanya The International Monetary.
Nigeria Considers 30-Year Economic Growth Plan
By Adedapo Adesanya Nigeria’s Minister of.