TUE SEPT 09 2025-theGBJournal| The Nigerian fixed income market dipped 0.05% to N51.02 trillion on Tuesday, as bears and bulls play in the treasury bills and FGN Bonds market.
Treasury bills secondary market closed bearish, as the average yield climbed by 4bps to 18.8%.
Across the curve, the average yield expanded at the short (+7bps), mid (+1bp) and long (+3bps) segments, driven by the profit-taking activities on the 86DTM (+56bps), 93DTM (+8bps) and 268DTM (+12bps) bills, respectively.
Conversely, the average yield declined by 11bps to 25.4% in the OMO segment.
The FGN bond secondary market saw bullish trade, as the average yield fell 8bps to 16.6%.
Across the benchmark curve, the average yield contracted at the short (-12bp) and mid (-18bps) segments, driven by the demand for the FEB-2028 (-47bps) and FEB-2031 (-39bps) bonds, respectively.
The average yield remained unchanged at the long end.
Meanwhile, the overnight lending rate declined by 3bps to 26.9% in the absence of any significant inflows into the system.
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