FINANCIAL MARKETS TODAY – 02 July 2021

FIXED INCOME MARKET

Money Markets

Liquidity in the banking system opened in a deficit of ca -₦36.09 billion today, lower than the previous day’s opening of ca ₦26.59 billion.  As a result, the Open Buy Back (OBB) and Overnight (ON) rates trended slightly higher to settle at 12.00% and 12.50% from 11.50% and 12.00% respectively, the previous day.

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