Overnight rate expands on CBN’s OMO auction

SEC targets $85bn global social bonds market

Overnight rate expands on CBN’s OMO auction     The overnight lending rate expanded by 275bps to 15.0%, following outflows for CBN’s weekly OMO auction. The Nigerian Treasury Bill (NTB) secondary market was bullish, as the average yield contracted by 7bps to 4.4%. Across the curve, the average yield was flat at the short end but contracted at the mid (-3bps) and long (-13bps) segments, following buying interests in the 154DTM (-5bps) and 350DTM (-117bps) instruments, respectively. Elsewhere, the OMO segment’s average expanded by 11bps to 7.0%. Trading in the…

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