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.
