Author: Marketforces Africa

Treasury Yield Bumps as CBN Auction N129 Bln Bills The average yield on Nigerian Treasury bills falls five basis points midweek as Central Bank auctioned N129 billion bills at the primary market. Rising headline inflation rate amidst low-interest rate environment has widened negative real return on financial instruments. To keep exposure lower amidst uncertainties, analysts are predicting that fixed income investors would trade cautiously ahead of an election year. In the money market, there was healthy liquidity in the financial system, strong enough to curtail funding pressures. Due to this, the average interbank rate remains relatively steady. Data from the…

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