×
  • Business - Market Data
  • Updated: December 16, 2021

December 15, 2021 FX, Money Market, Fixed Income Summary Report

December 15, 2021 FX, Money Market, Fixed Income Summary Rep

To the benefit of those that have access to the CBN dollar rationing, the naira gained 0.13% in the I & E market from the previous day's position of NGN414.80/USD to close at NGN414.25/USD.

It remained unchanged at NGN411.76/USD in the interbank market, while it fluctuated between NGN573.00/USD and NGN569.00/USD in the parallel market.

The overnight lending (O/L) rate decreased by 75bps to close at 13.5%, as against its previous day’s close of 14.3%. This change was influenced by the absence of significant funding pressure on the system.

The NTB secondary market traded quietly as the average yield stayed at 4.5%.

Similarly, the average yield stayed at 5.5% in the OMO segment.

Trading in the treasury bond secondary market ended slightly bearish as the average yield still maintained its previous day's position of 11.4%.

Across the benchmark curve, the average yield remained flat in the mid-segment but contracted at the short (-6bps) and long (-1bps) ends as market participants sold off demand for the JUL-2030 (+3bps) and APR2037 (+21bps) bonds, respectively.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...

Notice

We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings