The yield on one-year treasury bills (T-bills) continued its downward trajectory, falling to 18.86 percent despite the Monetary Policy Committee (MPC) decision to hold rates.
After a period of elevated yields, driven by high inflation and aggressive monetary policy tightening, the consistent decline observed in recent auctions suggests a more stable and predictable market for government securities.
The one-year bill dropped to 18.86 percent at the auction on Wednesday compared to 29.21 percent at the start of the year.
