Mixed trends at FX, fixed income markets

Fixed income yield continue to weaken

FX market The naira accelerated its decline against the dollar by N7 to trade at N494 per dollar on Thursday, bringing the week to date depreciation to N11 from N483 per dollar in the parallel market. However, the local currency remained flat and stable at N393.25 per dollar at the I&E FX market. Most participants maintained bids between N383.00 and N395.00 per dollar. Treasury bills Despite the low yield environment prevailing in the NT-Bills market, investors were willing to buy up to N445.94 billion due to the abundant system liquidity…

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