…DMO sold N788.20 billion (bid-to-cover: 2.1x), maintaining stop rates on the 91-Day at 15.30% and the 182-Day at 15.50%
FRI DEC 12 2025-theGBJournal| The yield on FGN Bonds and treasury bills dipped on Thursday as investors digested the Debt Management Office (DMO) latest NTB Primary Market Auction Result.
The treasury bills average yield fell 12bps to 17.6%, while the yield contracted at the short (-20bps), mid (-1bp) and long (-13bps) segments, driven by the demand for the 91DTM (158bps), 175DTM (-1bp) and 315DTM (-120bps) bills, respectively.
Similarly, the average yield contracted by 5bps to 21.8% in the OMO segment.
At Wednesday’s NTB primary market auction, the DMO offered N750.00 billion worth of bills with total subscription reaching N1.69 trillion (bid-to-offer: 2.3x).
Eventually, the DMO sold N788.20 billion (bid-to-cover: 2.1x), maintaining stop rates on the 91-Day at 15.30% and the 182-Day at 15.50%, while the stop rate on the 364-Day bill increased by 45bps to 17.95%.
Elsewhere, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 16.5%.
Across the curve, the average yield contracted at the short (-5bps) end, due to buying interest in the JAN-2026 (-37bps) bond but closed flat at the mid and long segments.
The overnight lending rate contracted by 1bp to 22.8%, in the absence of liquidity pressures.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
