There are expectations that inflows from Open Market Operations (OMO) maturities worth ₦297.0billion will provide a boost to system liquidity, thereby driving rates lower in the secondary Treasury-Bills market.
Meanwhile, activity in the Treasury Bills Market picked up in Friday’s session, with bullish sentiments seen towards the longer-dated OMO maturities.
“We noted sizeable interest by local banks which may be attributed to the lack of OMO auction as anticipated by the market.
“The January bills saw most of the market activities trading around mid-10per cent levels, whilst the bid/offer spread on the 30 March 2021 OMO bills tightened but close enough to cross…
Source: Nigerian Tribune
