TUE MAY 27 2025-theGBJournal| Nigerian treasury bills yields ticked lower Tuesday on bullish trade, as investors look to close out another month of the year in good shape.
Proceedings in the Treasury bill secondary market were bullish, as the average yield contracted by 2bps to 20.6%.
Across the curve, the average yield contracted at the short (-1bp), mid (-2bps) and long (-5bps) segments, driven by the demand for the 72DTM (-1bp), 177DTM (-7bps) and 191DTM (-27bps) bills, respectively.
Similarly, the average yield contracted by 6bps to 26.2% in the OMO segment.
The Treasury bond secondary market traded on a calm note, with a bullish undertone, as the average yield pared by 1bp to 18.7%.
Across the benchmark curve, the average yield contracted at the short (-2bps) end, driven by buying interest in the JAN-2026 (-11bps) bond. The average yield remained unchanged at the mid and long segments.
The overnight lending rate expanded by 11bps to 26.9% in the absence of any significant funding pressure on the system.
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