18
Oct
The average yield on Nigerian treasury bills shrank as investors boost their portfolios with more short term instruments after disinflation. The market had reacted negatively to reversal in headline inflation after two consecutive months of deceleration. Investors offloaded naira assets across the short, belly and long end of the curve as negative interest yield widened on the back of September inflation surge data. According to fixed interest securities analysts, trading activities in the Treasury bills secondary market ended on a bullish note on Thursday. Due to buying interest recorded in the market, the average yield declined by 3 basis points…