Treasury Bill Hits By Selloffs After Two Failed OMO Auctions

The average yield on Nigerian Treasury bills increased by seven basis points to 25.60 due to sell pressure seen in the secondary market, dealers reported in an email. Due to economic uncertainty, both domestic and foreign investors have begun liquidating their holdings in anticipation of the July inflation estimate. Analysts have projected that base effects … Continue reading Treasury Bill Hits By Selloffs After Two Failed OMO Auctions