Yields Drive OMO Participation as Investors trade N8.07tr in 5days

Attractive yields continued to drive investor interest in Open Market Operations, with N5.99 trillion staked last week, accounting for 74 per cent of total fixed income market trades over five days. OMO bills closed the period at 19.57 per cent, with a weighted average yield of 19.74 per cent. Treasury bills recorded a closing yield of 15.76 per cent, while the weighted average stood at 19.83 per cent. The fixed-income market recorded N8.07 trillion in traded face value, with OMO bills dominating activity. FGN bonds followed with N1.19 trillion traded across 687 transactions.

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