By Dipo Olowookere
The treasury bills yields declined on Thursday after the market traded sparsely, Business Post is reporting.
It was observed that investors embarked on huge profit-taking, leaving the yields to lose 45 points to close at 13.81 percent.
This occurred despite the significant inflows recorded at the market from the maturing open market operations (OMO) and Nigerian Treasury Bills (NTB).
Analysts say the bearish trend may continue today (Friday) as well as the decline in the yields of treasury bills.
Meanwhile, the overnight and open buy back (OBB) rates dropped yesterday.
The overnight rate fell to 1.88 percent from 3 percent, while the OBB rate depreciated to 1.42 percent from 2.50 previous the previous day.
The rates are expected to broadly jump at the close of transactions today.
