THUR SEPT 11 2025-theGBJournal| The Nigerian fixed income market capitalization stayed unchanged at N50.53 trillion as FGN Bond and treasury bills yields fell on Thursday on demand.
The Nigerian Treasury Bills (NTB) secondary market traded with bullish sentiments as the average yield contracted by 6bps to 18.7% from 18.8%.
Across the curve, the average yield contracted at the short (-1bp) and long (-14bps) ends, driven by the demand for 91DTM(-1bp) and 357DTM (-32bps) bills, respectively.
Conversely, the average yield contracted by 46bps to 25.0% in the OMO segment.
Similarly, the FGN bond secondary market traded on bullish note, as the average yield contracted by 5bps to 16.4% from 16.5%.
Across the benchmark curve, the average yield contracted at the short (-14bps) and mid (-2bps) segments, driven by the demand for the MAR-2027 (-36bps) and FEB-2031 (-9bps) bonds, respectively but remained unchanged at the long end.
The overnight lending rate remained unchanged at 27.0%, closing at a net long position (N1.92 trillion).
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
