FRI JAN 16 2026-theGBJournal| Nigeria fixed income market yields had a contrasting day on Thursday after the latest inflation figures pointed to an improving economy.
Investors also displayed mixed sentiment as bears feasted on treasury bills instruments while bullish sentiment was seen at the FGN Bond market.
The NTB secondary market average yield expanded by 4bps to 18.2%. Across the curve, the average yield expanded at the short (+20bps) end, driven by sell pressure on the 63DTM (+108bps) bill, but contracted at the short (-3bps) end, due to the demand for the 357DTM (-33bps) bill.
The average yield remained unchanged at the mid segment. Conversely, the average yield contracted by 3bps to 22.4% in the OMO segment.
Similarly, the FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 3bps to 16.7%.
Across the curve, the average yield contracted at the short (-8bps) ends, following buying interest in the FEB-2031 (-35bps) bond, but expanded at the mid (+1bp) segment due to the sell-off of the APR-2032 (+41bps) bond. The average yield closed flat at the long end.
Meanwhile, the overnight lending rate expanded by 7bps to 22.8% in the absence of significant inflows into the system.
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