At the close of trades Monday, the average money market rate dipped by 25.42% to settle at 19.00%, following the declines of 25.33% and 25.50% in the Open Buy-Back (OBB) and Overnight (OVN) rates respectively.
Bullish sentiments characterized the secondary market for Treasury Bills as the average T-bills yield declined by 0.17% to close at 15.18%. All tenors; 1M (-0.18%), 3M (-0.44%), 6M (-0.04%) and 9M (-0.23%) witnessed yield declines save for the yield on the 12M (+0.03%) tenor which advanced at the close of trades today.
In the Treasury bonds space, five (5) instruments recorded yield declines, ten (10) instruments traded flat, while one (1) instrument recorded advancement in yield. Consequently, the average bond yield declined by 0.19%.
At the currency market, the Naira weakened by 0.02%, against the dollar at the interbank FX market, to close at NGN305.90/USD, while it traded flat at the parallel FX markets to close at NGN363.00/USD.

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