Though dealers said there will be Open Market Operation (OMO) maturities worth N216.0billion expected to hit the system, the CBN will continue with its liquidity mop-up via OMO sales which will offset the effect of any liquidity surge.
Dealers from Zedcrest Capital sais the Treasury-bills Market traded on a relatively flat note last week as significant inflows from OMO and FGN Bond maturities (c.N780bn) were relatively doused by a significant OMO sale (c.N560bn) to the market by the CBN.
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Another dealer observed that performance of the Treasury Bills market was mixed last as average rate across tenors traded higher on 2 of 4 trading sessions in the week.
The week opened on a bullish note as average rate across benchmark tenors fell to 12.4 per cent from 12.7 per cent in the preceding trading session. Conversely, by midweek, average rates rose by to 12.5per cent following the Primary Market Auction carried out by the Apex Bank.
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