WED NOV 19 2025-theGBJournal| Nigeria’s fixed income market saw mixed emotions on Tuesday as bonds yield stayed unchanged while treasury bills yield pared, amid strong liquidity surge.
So far, market liquidity has surged by N6.17 trillion, helping to keep yields lower across bonds and bills.
The treasury bills average yield pared by 1bp to 16.4%. Across the curve, the average yield contracted at the short (-1bp), mid (-1bp), and (-1bp) segments, driven by the demand for the 79DTM (-1bp), 170DTM (-1bp) and 352DTM (-1bp) bills, respectively.
Conversely, the average yield expanded by 6bps to 21.8% in the OMO segment.
Elsewhere, the FGN bond secondary market traded in a lull, as the average yield remained unchanged at 15.4%.
Across the curve, the average yield expanded at the short (+1bp) end, following the selloff of the FEB-2031 (+2bps) bond. The average yield remained unchanged at the mid and long segments.
The overnight lending rate expanded by 24bps to 25.1%, despite inflows from OMO maturities (N1.36 trillion).
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