Read audioIn the just concluded week, CBN sold T-bills worth N104.36 billion, to mop up the matured N82.36 billion in bills (OMO and T-Bills). Notably, the stop rate for the 364-day bills fell to 13.05% (from 14.84%) given the almost 2x subscription level compared to a sale amount of N104.36 billion. Similarly, the stop rates for 91-day and 182-day bills moderated to 6.49% (from 6.50%) and 8.00% (from 8.05%), respectively. Meanwhile, in the OMO market, we saw N15 billionworth of OMO bills mature without refinancing. In the new week, T-bills worth N16.25 billion are expected to mature.

Source: Punch December 12, 2022 06:11 UTC