FINANCIAL MARKETS TODAY – 30 June 2021

FIXED INCOME MARKET

Money Markets

Liquidity in the banking system opened at ca ₦201.25 billion, higher than previous day’s opening deficit balance of ca -₦1.57 billion.
As a result, Open Buy Back (OBB) and Overnight (ON) rates trended significantly lower to close at 11.50% and 12.00% from 16.75%
and 17.25% respectively, the previous day .

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