Liquidity squeeze persists as CBN auctions fresh N117.6bn TB instruments

Liquidity squeeze persists as CBN auctions fresh N117.6bn TB instruments

Liquidity squeeze persists as CBN auctions fresh N117.6bn TB instruments     The Treasury bills secondary market remained bearish this week, as the liquidity squeeze in the system drove sell-offs by market participants. As a result, the average yield across all instruments expanded by 14 basis points to 7.1 per cent. Across the market segments, the average yield increased by 23bps to 8.6 per cent at the OMO segment and by 21bps to 5.1 per cent at the NTB segment. At the NTB auction, the CBN offered instruments worth N117.56…

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