• Business - Market Data
  • Updated: February 18, 2022

February 17, 2022 Money Market, Fixed Income Summary Report

There wasn't a lot of demand for money in the money market, so the overnight lending rate fell much further by 28bps to close at 1.0%, down from its previous session figure of 1.28%.

The external reserve continues to plummet as another withdrawal of $20 million pushed it to $39.78 billion. All other economic parameters, such as the MPR/Lending Rate and the inflation rate, stayed unchanged at 11.50% and 15.60%, respectively.

The average yield of the Nigerian Treasury Bill (NTB) secondary market stayed unchanged at 4.1%.

The average yield in the treasury bill secondary market declined at the short end as investors demanded the 92DTM (-89bps) bill, while the mid and long ends stayed flat.

However, the average yield in the OMO segment stayed flat at 5.3%.

Unfortunately, trading activity in the treasury bill secondary market stayed flat.

Finally, in the secondary market for treasury bonds, there was a bit of buying pressure as this forced the average yield to fall by 14bps and close at 11.31%. Across the curve, the average yield declined at the short end, while investors’ demand increased at the mid-end following demand for the MAR 23, 2025 (-129bps) and JAN 22, 2026 (-72bps) bonds.

Related Topics

Join our Telegram platform to get news update Join Now
Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

More From this Author

Central Bank of Nigeria EXCHANGE RATE

Currencies Buy Rate Sell Rates
USD - NGN 415.23 416.23
EUR - NGN 457.42 458.52
GBP - NGN 547.98 549.30
More Exchange Rate

0 Comment(s)


See this post in...