The Central Bank of Nigeria is scheduled to roll over maturing bills worth N208bn through the Primary Market Auction across the 91-day , 182-day and 364-day tenors.
Analysts at Afrinvest Securities Limited said the treasury bills secondary market might sustain its bearish run as investors took a position in the PMA offer and potential OMO offerings at more attractive yields.
Consequently, average yield across all tenors advanced by 130 basis points week-on-week to settle at 15.2 per cent. The apex bank conducted an OMO auction last Thursday, which resulted in a ‘no sale’ following weak subscription levels as investors demanded higher rates across all tenors.
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