CBN to issue N70.6bn Treasury bills On Wednesday

The Central Bank of Nigeria will on Wednesday issue N70.64bn worth of Treasury bills with maturities of three and six months.

The CBN said it would issue N40.64bn of the three-month paper and N30bn of the six-month debt.

The result of the auction is expected on Thursday.

Yields on treasuries are expected to go up at the Wednesday auction while those of Kenyan debt could remain flat, Reutersreported.

Yields on Nigerian Treasury bills are expected to head higher at the auction in tandem with a rise in yields on the secondary market.

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