TUE JULY 08 2025-theGBJournal| Treasury yields are lower with the Treasury bill and FGN Bonds sliding further at close of trade on Tuesday.
The Nigerian Treasury bill average yield contracted by 46bps to 19.4%.
Across the curve, the average yield contracted at the short (-1bp), mid (-21bps) and long (-82bps) segments, driven by the demand for the 79DTM (-1bp), 170DTM (-129bps) and 184DTM (-259bps) bills, respectively. Similarly, the average yield contracted by 62bps to 25.1% in the OMO segment.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 21bps to 17.0%.
Across the benchmark curve, the average yield contracted at the short (-51bps), mid (-12bps) and long (-8bps) segments, driven by demand for the JAN-2026 (-234bps), FEB-2031 (-34bps) and JAN-2042 (-60bps) bonds, respectively.
The overnight lending rate expanded by 208bp to 29.3%, in the absence of any significant funding pressure on the system.
Meanwhile, the Naira fell on Tuesday, sustaining its struggles against the U.S dollar. At the official FX market, the currency depreciated by 3bps to N1,530.00/US$ from N1, 528.56/US$1.
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