FIXED INCOME MARKET
Money Markets
System Liquidity opened with a balance of ca ₦53.53 billion today,
lower than previous day’s opening of ca ₦205.76 billion. As a result,
the Open Buy Back (OBB) and Overnight (ON) rates trended higher to settle at 10.00% and 10.20% from 9.75% and 10.25% respectively,
yesterday.
Treasury Bills
The NTB secondary market saw another calm day of trading, with
demand seen on the 30 June 2022 paper at 8.60% levels. Overall,
average rates remained stable, day-on-day. Likewise, light sell-offs
were witnessed at the long-end of the OMO secondary market. Thus,
average yield gained ca 2bps, day-on-day.
