Yields on Nigerian Treasury Bills dropped significantly in the latest auction, reflecting changing market conditions as investors anticipate the Central Bank of Nigeria’s (CBN) first Monetary Policy Committee (MPC) meeting of the year later on Thursday.
The auction, held on February 19, saw lower stop rates across all tenors despite strong demand, signaling a shift in investor expectations.
The CBN recorded total subscriptions of N2.41 trillion, lower than the N3.22 trillion from the previous auction.