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Treasure OMO Bills Rally as Yields Dip
The Business NG
|The BusinessNG
Nigeria's secondary market for Treasury and Open Market Operations (OMO) bills began the week on a bullish note, with strong investor demand driving up prices and compressing yields across short to long-term maturities.
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Investors are increasingly locking in returns on naira-denominated fixed income instruments amid rising expectations that the Central Bank of Nigeria (CBN) could begin cutting interest rates soon. The speculation follows a two-month decline in headline inflation, which has widened real returns even as the benchmark Monetary Policy Rate (MPR) remains unchanged.
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