The treasury bills yields slumped last week after the market recorded sloppy traded. It was observed that investors embarked on huge profit-taking, leaving the yields to lose 45 points to close at 13.81 percent.
The fall came despite the significant inflows recorded at the market from the maturing open market operations, OMO, and Nigerian Treasury Bills, NTB.
Analysts say the bearish trend may continue today (Friday) as well as the decline in the yields of treasury bills.
Meanwhile, the overnight and open buy back (OBB) rates dropped yesterday.
The overnight rate fell to 1.88 percent from 3 percent, while the OBB rate depreciated to 1.42 percent from 2.50 previous the previous day.
The rates are expected to broadly jump at the close of transactions today, Business Post reports.