FINANCIAL MARKETS TODAY – 19 July 2021

FIXED INCOME MARKET

Money Markets

System liquidity opened at ca ₦62.88 billion today, slightly higher than the Friday’s opening of ca ₦60.11 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended higher to close at 11.00% and 11.50% from 4.50% and 4.75% respectively, the previous day.

Treasury Bills

The NTB & OMO markets traded on a quiet note, albeit mild demand was seen on Oct’21 and Jul’22 NTB papers at 4.50% and 8.10% levels respectively, consequently average rate remained stable day-on-day.

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