Analysts project a mild uptick in the yields of the one-year treasury bill (T-Bills) at the primary auction on Wednesday, where N1.15 trillion worth of bills will be put up for sale by the Central Bank of Nigeria (CBN).
“We expect stop rates to hover around current levels, with a mild upward bias at the long end of the curve. Given the frontloading of government borrowings,” said Matilda Adefalujo, fixed income analyst at Meristem Stockbrokers.
The CBN conducts its second Treasury Bills Primary Market Auction (PMA) for the year and the mo
