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MarketNews
Nigerian OMO bills auctioned by the Central Bank last week attracted N6.1 trillion from investors chasing double-digit returns on naira-denominated assets.
The average yield climbed as investors maintained a bearish pose on Nigerian Treasury bills (T-Bills) in the secondary market ahead of the inflation data release on Monday, investment banking firms revealed.
The average yield on Nigerian Treasury bills (NTB) climbed by 12 basis points (bps) in the secondary market on Wednesday as investors sold off naira assets.
The average yield on Nigerian Treasury (NTB) bills surged in the secondary market as investor demand for fixed-interest securities weakened on Monday.
The Central Bank of Nigeria (CBN) raised a total of NGN4.5 trillion through OMO and Treasury bills last week, as investor demand for naira assets remains strong via primary market auctions (PMAs)
The Central Bank of Nigeria (CBN) hiked treasury bill rates after the authority kept the monetary policy rate at 26.5% last month as inflation accelerated toward 16%.
The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills worth N700 billion across standard tenors at the primary market auction on Wednesday.