Nigerian Treasury Bills Yield Dips to 25.6% Before Auction
The average yield on Nigerian Treasury bills dipped to 25.6 in the secondary market ahead of midweek auction.
Traders said the Treasury bills market experienced moderate interest in the 04 December 2025 paper and some long-dated OMO papers.
However, market participants remained cautious in anticipation of tomorrow’s the central bank primary market auction.
As a results of demand, yields moderated across the curve, with the 10-Apr (-75bps) paper recording the biggest decline in yield.
A slew of analysts anticipated a cautious trading session on Wednesday as investors would focus on the Treasury bills auction.
The Debt Management Office, on behalf of the CBN will be offering N275.71 billion across 91, 182, and 364-day papers to market participants
Due increased demand for the naira assets, there is expectations that the auction will be oversubscribed. But analysts also noted that weak liquidity condition could affect subscription levels.
In the money market on Tuesday, local deposit money banks have already raised N1.54 trillion, as per TrustBanc Financial Group.
Overall, the average secondary market yield on Treasury bills moderated by 0.06%, reaching 25.64%. #Nigerian Treasury Bills Yield Dips to 25.6% Before Auction#
