FINANCIAL MARKETS TODAY – 22 July 2021

FIXED INCOME MARKET

Money Markets

System liquidity opened at ca ₦29.12 billion today, lower than the Monday’s opening of ca ₦62.88 billion. However, Open Buy Back (OBB) and Overnight (ON) rates trended lower to close at 8.00% and 8.25% from 11.00% and 11.50% respectively, the previous day.

Treasury Bills

The NTB & OMO markets traded on a muted note, albeit mild sell interest was seen on 09 Jun’22 and 14 Jul’22 NTB papers at 8.05% levels.

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