Year: 2023

Trading activities on Nigerian Treasury bills ended in a quiet mood amidst declining liquidity in the financial system. Fund managers and other market participants shifted focus to the primary auction.

As risk-off sentiment doused, foreign investors increased their position in Nigerian sovereign US dollar bonds. The trading pattern observed in the international market showed that US Treasury yields have been swinging following the Federal Reserve’s decision to maintain the status quo on rates. The market has been reacting to Jerome Powell’s hawkish tone.