WED 07 JULY, 2021-theGBJournal- The naira was flat at NGN411.45/USD and NGN503.00/USD at the I&E window and parallel market, respectively.
The overnight lending rate expanded by 25bps to 10.5%, in the absence of any significant inflow into the system.
The NTB secondary market was mixed albeit with a bearish tilt, as the average yield expanded slightly by 1bp to 6.8%. Across the benchmark curve, average yield expanded at the long (+1bp) end following sell-off of the 309DTM (+23bps) bill.
The short and mid segments closed flat. Similarly, the average yield at the OMO segment expanded by 2bps to 9.9%.
Trading in the Treasury bond secondary market was mixed with a bearish sentiment, as the average yield expanded slightly by 1bp to 11.5%. Across the benchmark curve, average yield expanded at the short (+3bps) end due to sell-off of the JAN-2026 (+7bps) bond but closed flat at the mid and long segments.
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