THUR MAY 07 2026-theGBJournal| Activity in the Treasury bills secondary market remained relatively subdued but maintained a mildly bullish tone, with the average yield declining by 1 basis point to 17.5%.
Yield compression was observed at the short and mid segments of the curve, supported by demand for the 91-day and 182-day Treasury bills, while the long end closed unchanged.
In the OMO segment, the average yield also eased by 1 basis point to 21.0%.
The FGN bond secondary market traded flat overall, with the average yield holding steady at 15.7%. Across the benchmark curve, yields edged higher at the short end following sell pressure on the MAR-2027 bond, while the mid and long segments remained stable.
Meanwhile, liquidity conditions tightened in the money market as the overnight lending rate increased by 8 basis points to 22.3%, driven by the absence of significant system inflows.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
