By Modupe Gbadeyanka
Treasury bills yields yesterday traded on a flat note at the market as traders participated in the bond auction conducted by the Debt Management Office (DMO).
At the close of business on Wednesday, the yields closed at 14.26 percent, the same rate it traded on Tuesday.
Investors are anticipating the repayment of N131.415 billion worth of maturing Nigerian Treasury Bills (NTBs) today by the government through the debt office.
But due to the bond auction yesterday, Business Post reports that the treasury bills market was quiet.
However, the market is expected to be vibrant today, though the average yields may drop.
Meanwhile, the money market rates increased yesterday at the close of transactions.
Both the overnight and open buy back (OBB) rates recorded marginal growth.
While the overnight rate increased to 3 percent from 2.92 percent, the OBB rate rose to 2.50 percent from 2.33 percent.
more recommended stories
PZ Cussons Announces Plan to Delist from Stock Exchange
By Dipo Olowookere The board of.
NB, Conoil, UBA Lift Equities by 0.14%
By Dipo Olowookere The Nigerian Stock.
NASD Exchange Closes Bearish as CSCS Shares Drop 5 Kobo
By Adedapo Adesanya Transactions on the.
Naira Sustains Stability Against Dollar at Interbank, Black Market
By Adedapo Adesanya The price of.
Brent Crude Oil Gains Over 2% to Hit $62 Wednesday
By Adedapo Adesanya The International benchmark.
Ghana Lures Treasury Bills Investors With 18% Rate
By Dipo Olowookere Last week, in.
Trump’s Higher Tariffs Threat on Chinese Goods Crashes Asian Stocks
By Investors Hub Asian stock markets.
Trump’s Trade Deal Comments Collapse European Markets
By Investors Hub European markets are.