FRI AUG 15 2025-theGBJournal| The NTB secondary market traded on a calm note on Thursday with a bullish undertone, as the average yield pared by 1bp to 17.9%.
Across the curve, the average yield contracted at the short (-1bp), mid (-3bps) and long (-1bp) segments, driven by the demand for the 84DTM (-1bp), 175DTM (-18bps), and 357DTM (-1bp) bills, respectively. Conversely, the average yield expanded by 10bps to 24.5% in the OMO segment.
Elsewhere, the FGN bond secondary market was bearish, as the average yield expanded by 3bps to 16.3%.
Across the benchmark curve, the average yield contracted at the short (-2bps) end, driven by the demand for the JAN-2026 (-15bps) bond, but expanded at the mid (+10bps) and long (+1bp) segments due to profit-taking activities on the APR-2032 (+24bps) and JAN-2053 (+7bps) bonds, respectively.
The overnight lending rate expanded by 10bps to 32.6%, in the absence of any significant funding pressure on the system.
At the official FX market the naira fell 0.7% to N1,534.00/US$ against the US dollar.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
