Part 2/5:
The month also witnessed a notable decline in yields, especially on the Treasury Bills (TB) side. One-year yields dropped by 82 basis points, easing from 22% to 21.8%. This decline reflects increasing demand for treasury securities, as indicated by the significant interest seen during two TB auctions, where subscriptions exceeded 2.5 trillion naira, with sales totaling approximately 1.5 trillion naira.