THUR AUG 28 2025-theGBJournal| The fixed income market capitalisation held steady on Thursday at N51. 21 trillion, as the bond secondary market traded with bearish sentiments.
The FGN Bond average yield closed higher, rising 23bps to 16.9%.
Across the benchmark curve, the average yield expanded at the short (+9bps), mid (+56bps) and long (+13bps) segments, driven by profit-taking activities on the JUL-2030 (+54bps), JUL-2034 (+165bps) and the MAR-2036 (+106bps) bonds, respectively.
The Nigerian treasury bills yield also rose on a bearish note as the average yield expanded by 16bps to 18.8%.
Across the curve, the average yield expanded at the short (+18bps), mid (+1bp) and long (+23bps) segments, driven by the selloff of the 84DTM (+79bps), 161DTM (+52bps) and 329DTM (+127bps) bills, respectively. Similarly, the average yield expanded by 1bp to 25.5% in the OMO segment
The overnight lending rate expanded by 8bps to 27.0%, in the absence of any significant funding pressure on the system.
Meanwhile, the official FX rate appreciated by 0.4% to NGN1,534.60/USD.
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