Opening market liquidity on Monday was N98bn (positive). Interbank rates dipped to a range between 3% and 9% levels. In the absence of an OMO auction, yields for selected maturities maintained their downward trend on the back of system liquidity.
The FGN bond market was relatively active. Yields contracted sharply for selected maturities across the curve, that for the long bond below 14.0%. Eurobond yields showed no clear direction.