
June 28, 2024/InvestmentOne Report
In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note, driven by the optimistic sentiment seen across all tenor instruments. Consequently, Average T-Bills yield decreased by 2bps to close at 22.07%. Elsewhere, the FGN Bond market traded on a slightly bearish note. As such, the Average FGN Bond yield advanced by 2bps to close at 18.75%.
At the NAFEM window, the Naira strengthened by 0.32% to close at NGN1,505.30/USD. Crude oil price (Brent) advanced by 0.07% to USD85.45pb.
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