FRI JAN 30 2026-theGBJournal| The fixed income market closed on bullish note on Thursday as market continues to attract funds, and with limited aggressive equity exposure.
The NTB average yield contracted by 24bps to 18.1%, while across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-52bps) segments due to the demand for the 84DTM (-1bp), 175DTM (-1bp) and 322DTM (-169bps) bills, respectively.
Similarly, the average yield contracted by 1bp to 21.6% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 8bps to 15.6%.
Across the benchmark curve, the average yield contracted at the short (-6bps) and mid (-28bps) segments, driven by buying interest in the FEB-2031 (-26bps) and APR-2032 (-97bps) bonds, respectively, but remained unchanged at the long end.
Overall fixed income market capitalization eased by 0.07% to N50.56 trillion
The overnight lending rate expanded by 4bps to 22.8%, following debits from the OMO PMA (N3.79 trillion).
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