TUE JAN 20 2026-theGBJournal| Activities in the Treasury bills secondary market were bullish on Monday, as the average yield contracted by 14bps to 18.1% amid selloffs across the curve.
Across the curve, the average yield expanded at the short (+1bp) end driven by the selloff of the 17DTM (+1bp) bill but contracted at the mid (-25bps) and long (-17bps) segments due to the demand for the 143DTM (-55bps) and 185DTM (-25bps) bills, respectively. Similarly, the average yield contracted by 3bps to 22.4% in OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 8bps to 16.7%.
Across the curve, the average yield contracted at the short (-20bps) and mid (-2bps) segments, driven by buying interests on the JAN-2026 (-123bps) and JUN-2033 (-8bps) bonds, respectively but remained unchanged at the long end.
The FGN Eurobond market traded bullishly, as average yields declined by 13bps w/w to 7.11% p.a., supported by strong buying interest in the Nov-2027 (+23bps) and Jan-2031 (+21bps) papers.
The overnight lending rate remained unchanged at 22.7%, after System liquidity strengthened last week, closing at N2.11 trillion from N1.42 trillion, supported by N810.98 billion from OMO and treasury bill maturities during the week
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