WED MAR 25 2026-theGBJournal| Treasury bills yields edged lower by 2 basis points 17.8% on Tuesday, signaling demand pressure for short-term government securities as investors continue to favor liquidity and reduced duration risk.
Across the curve, the average yield contracted at the short (-4bps) and mid (-4bps) segments, due to the demand for the 86DTM (-26bps), 170DTM (-17bps) bills, respectively, but remained unchanged at the long end.
Meanwhile, the average yield contracted by 10bps to 20.5% in the OMO segment.
The modest decline reflects cautious positioning in the money market, with participants seeking safer instruments amid lingering macroeconomic uncertainty.
In contrast, the FGN bond market came under pressure, with yields expanding across the curve as sell-offs intensified.
The average yield expanded by 4bps to 14.8%. Across the benchmark curve, the average yield expanded at the short (+7bps) and mid (+10bps) segments, driven by sell pressures on the AUG-2030 (+20bps) and APR-2032 (+22bps) bonds, respectively.
The average yield remained unchanged at the long end.
The uptick in yields suggests weakening demand for longer-dated instruments, as investors reassess inflation risks, prompting a shift away from duration-heavy exposures.
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