Positive sentiment was dominant in the Treasury bonds space on Wednesday as the average bond yield declined by 0.03 per cent to settle at 13.51 per cent. The yields on 12 tenors declined while that of the May-2018 instrument advanced by 0.10 per cent to close at 14.22 per cent.
The average money market rate declined by 10.09 per cent to settle at 21.04 per cent, following the 10 per cent and 10.08 per cent drop in the open buy-back and overnight rates, respectively.
The average Treasury Bills yield edged upwards by 0.02 per cent to settle at 14.56 per cent. The yield on the one-month tenor dropped to a two-week low of 12.90 per cent. Investors were also positive about the six-month tenor, which recorded a marginal 0.01 per cent drop in yield to 14.66 per cent. The yields on all the other tenors however settled higher.
The naira, the Meristem Asset Management data showed, stayed flat at both the interbank and parallel foreign exchange markets to close at N305.70 and N362 to the United States dollar, respectively.
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