FIXED-INCOME The average interbank rate fell marginally by - TopicsExpress



          

FIXED-INCOME The average interbank rate fell marginally by 9bps to 11.65%. The CBN offered N50 billion worth of 140-day OMO bills today and sold a total of N109.571 billion with stop rates pegged at 13.1%. The T-Bills market underwent another bullish session as average yield contracted by 18bps to 13.57%. Majority of the bills experienced higher demand with only two bills (7DTM and 77DTM) trading flat. Bond trading came under slight buying pressure leading to a 7bps contraction hence taking the average yield to 13.57%. Trading was mixed across various maturities as nine bond yields expanded at an average of 14bps.
Posted on: Fri, 21 Mar 2014 07:40:30 +0000

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