FINANCIAL MARKETS TODAY – 09 July 2021

FIXED INCOME MARKET

Money Markets

System Liquidity improved significantly today, opening with a balance of ca ₦149.26 billion, higher than previous day’s opening of ca ₦24.15 billion. Nevertheless, Open Buy Back (OBB) and Overnight
(ON) rates trended higher to settle at 19.75% and 20.50% from
11.25% and 11.75% respectively, yesterday.

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