FRI JAN 23 2026-theGBJournal| The Nigerian fixed income market capitalization rose by 0.09% to N51.63 trillion on Thursday as treasury yield traded mixed.
The NTB secondary market closed on a bearish note, as the average yield expanded by 28bps to 18.4%.
Across the curve, the average yield expanded at the short (+17bps), mid (+39bps), and long (+28bps) segments due to selloffs in the 91DTM (+52bps), 140DTM (+68bps), and 329DTM (+88bps) bills, respectively.
Conversely, the average yield contracted by 1bp to 22.4% in the OMO segment.
The FGN bond secondary market traded on a bullish note, with the average yield contracting by 4bps to 15.7%.
Across the curve, the average yield contracted at the short (-10bps) and mid (-1bp) segments, following buying interest in the AUG-2030 (-71bps) and JUN-2033 (-4bps) bonds, respectively, while it remained unchanged at the long end.
The overnight lending rate contracted by 5bps to 22.8% following FGN bond maturities totalling N1.20 trillion.
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