The OBB and OVN rates declined by 1.50% apiece to settle at 15.17% and 16.17%. Consequently, the average money market rate settled lower at 15.67%.
Bullish sentiment prevailed in the Treasury Bills space as the average T-Bills yield declined by 0.25% to close at 14.56%. The 3M (-0.96%), 9M (-0.54%) and 12M (-0.01%) instrument declined while the 1M (+0.17%) and 6M (+0.12%) advanced.
The Treasury bond space was relatively calm, with the average bond yield advancing by just 1bps to settle at 13.48%. Three (3) bonds advanced, two (2) declined, while all others traded flat.
The Naira appreciated by just NGN0.05 to NGN305.65/USD at the interbank market, while the currency declined by NGN1.00 to close at NGN365/USD at the parallel FX market.

Leave a Reply