THUR AUG 21 2025-theGBJournal| The fixed income market capitalization rose 0.03% to N50.96 trillion Thursday, as treasury bills and FGN Bond yield fell amid mixed market performance.
The NTB secondary market traded on a quiet note, albeit with a bullish tilt as the average yield contracted by 1bp to 18.1%.
Across the curve, the average yield contracted at the short (-1bp) and mid (-2bps) segments, driven by the demand for the 91DTM (-1bp) and 182DTM (-9bps) bills, respectively, but remained unchanged at the long end. Similarly, the average yield contracted by 2bps to 24.8% in the OMO segment.
The Treasury bond secondary market traded on a calm note with a bearish undertone, as the average yield expanded by 1bp to 16.5%.
Across the benchmark curve, the average yield contracted at the short (-1bp) end, driven by the demand for the JAN-2026 (-7bps) bond, but expanded at the mid (+5bps) segment due to the profit-taking activities on the FEB-2031 (+16bps) bond.
The average yield remained unchanged at the long end.
At the money market, the overnight lending rate remained unchanged at 27.0%, closing at a net long position (N390.89 billion).
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
