Rates to moderate on anticipated boost in financial system liquidity


In the new week, treasury bills worth N76.22 billion will mature via Open Market Operation (OMO); hence it is expected that interbank rates will moderate amid anticipated boost in financial system liquidity.

Dealers said foreign investors stayed away from the Central Bank’s latest OMO Auction which held on the 19th of March 2020. Available data show there were zero bids for each of the OMO bills slated for sale by the CBN.

According to Zedcrest capital, a dealer, the Treasury Bills market ended the week on a slightly active note, as “we saw segmented activity on OMO maturities. The short-end of the curve had the most demand pressure, as banks looked to the short-end to properly manage…

Source: Nigerian Tribune