WED AUG 06 2025-theGBJournal| The FGN bond secondary market were bullish as the average yield contracted by 2bps 16.3%.
Across the benchmark curve, the average yield contracted at the mid (-6bps) segment, driven by the demand for the APR-2037 (-29bps) bond, while it closed flat at the short and long end.
The NTB secondary market traded on a calm note, as the average yield closed flat at 17.8%.
Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, driven by the demand for the 80DTM (-1bp) and 171DTM (-1bp), bills, respectively while it expanded at the long (+2bps) end following selloffs of the 353DTM (+58bps) bill.
Overall, fixed income market capitalization rose N51 trillion.
Elsewhere, the average yield declined by 4bps to 24.7% in the OMO segment.
Meanwhile, the official FX rate appreciated by 0.1% to N1,532.00/US$1.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
