Culled—Proshare
March 12, 2018/Afrinvest Research
Performance in the Treasury Bills (“T-Bills”) market was mixed but largely bullish as the CBN held OMO auctions on 3 of the 5 trading sessions. Accordingly, average rates across tenors remained relatively stable shedding 3bps to close at 13.9% on Friday.
Please see available rates and tenor for today below:
Please note that rates are valid till 1:30pm today (12-Mar-18) This week, an OMO maturity of N262bn is expected to hit the system. Also, the CBN has a PMA scheduled this Wednesday. Please see details on the last auction below:
Nonetheless, we expect average yield across tenors to trend slightly higher on the back of expected tighter system liquidity on continued OMO mop-ups by the Apex bank. |