FRI OCT 09 2026-theGBJournal| Tight liquidity conditions tightened their grip on the money market on Thursday, pushing the overnight lending rate up 17 basis points to 20.8% amid a lack of significant system inflows.
Meanwhile, activity in the fixed-income market remained subdued, with Treasury bill and FGN bond yields largely unchanged, even as OMO yields advanced.
In the Treasury bills secondary market, the average yield held steady at 17.9%.
Across the curve, yields declined marginally at the short and mid segments by 1bp each, supported by demand for the 91-day and 182-day bills, respectively.
Yields at the long end remained unchanged.
In contrast, the Open Market Operations (OMO) segment recorded a 5bps increase in average yield to 18.6%, reflecting a firmer yield trend in that market.
The FGN bond secondary market also traded quietly, with the average yield unchanged at 15.8% as investors maintained a cautious stance.
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