Business - Market Data
Updated: November 23, 2021

Monday Fx, Money Market, Fixed Income Summary Report

By Okojie Kelvin Echiejile
November 23, 2021
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The naira depreciated by 0.2% to N415.07/USD at the I & E window while it remained flat at the interbank market to trade at N411.59.

The overnight lending rate by the nations’ banking system contracted by 300 basis point to 17.0% in the absence of any significance funding pressures on the system.

The NTB secondary market was quiet, as the average yield was flat at 5.1%.

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

Trading in the treasury bond secondary market was also quiet as the average yield was flat at 11.2%.

Across the benchmark curve, the average yield contracted slightly at the short (-1bp) end following demand for the MAR-2024 (-1bp) bond; the mid and long segments closed flat.

However, the JUL 2034 AND MAR 2035 fell by (-3bps) each with the MAR-2036 gaining (+0.7bp).

Treasury bills maintained the same auction rate for all categories.