THUR FEB 05 2026-theGBJournal| The Nigerian fixed income market traded mixed on Wednesday, as it continues to compete with equities for institutional funds.
The Treasury bills remains attractive as average yield closed flat at 18.2%.
Across the curve, the average yield expanded at the short (+2bps) end, due to profit-taking activities on the 29DTM (+19bps) bill, but contracted at the mid (-1bp) and long (-1bp) segments, driven by demand for the 169DTM (-1bp) and 351DTM (-1bp) bills, respectively.
Meanwhile, the average yield remained unchanged at 21.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 2bps to 16.2%.
Across the benchmark curve, the average yield contracted at the short (-3bps) and mid (-6bps) segments, driven by demand for the FEB-2031 (-10bps) and APR-2032 (-12bps) bonds. The average yield remained unchanged at the long end.
At the money market, the overnight lending rate contracted by 37bps to 22.8%, in the absence of any significant funding pressure on the system.
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