The Money Market
The maturity of about N83 Billion of the Central Bank’s Open Market Operation (OMO) bills, without replacement by the Central Bank of Nigeria (CBN), helped assuage the liquidity pressure from the continuing NNPC withdrawals. This resulted in the Interbank market opening with a short position of about N43 Billion as against a short position of 58Bn reported yesterday.
Overnight Interest rates were down by 1% to 14.5% due to the N83 billion OMO maturities.
The Federal Account Allocation Committee is expected to meet next week, after the Easter holidays and after the meeting, budgetary inflows are expected in the market the week after.
Treasury Bills Market
The market witnessed high demand from investor particularly on the short dated bills (<90 days). This resulted in yield declining. Yields dropped by an average of 15basis point (0.15%).

The Bonds Market
The Bond market was relatively quiet today, as it has been throughout most part of the week. Focus was on the 6s4 and the 9s1, both of which appreciated with about 25 kobo on average. The topical discussion in the Bond market is still the Second Quarter (Q2) Issuance calendar that is expected to be released anytime next week by the Debt Management Office (DMO).

Read More: http://myfinancialintelligence.com/index.php/2011-09-27-04-13-15/world/14030-daily-market-update-april-5-2012

Thank you bro...just keep it coming!!!