THUR NOV 20 2025-theGBJournal| The FGN bond average yield remained unchanged at 15.4% on Wednesday as the fixed income market traded on a calm note.
Across the benchmark curve, the average yield expanded at the short (-1bps) end, reflecting the sell-off of the FEB-2031 (+6bps) bond but remained unchanged at the mid and long segments.
Activities in the Treasury bills secondary market were quiet as the average yield remained unchanged at 16.4%.
Across the curve, the average yield contracted at the short (-1bp) and mid (-1bp) segments, driven by the demand for the 92DTM (-1bps) and 169DTM (-1bps) bills, respectively, but expanded at the long (+1bp) end, due to profit-taking activities on the 323DTM (+22bps) bill.
Meanwhile, the average yield contracted by 18bps to 21.5% in the OMO segment.
The overnight lending rate contracted by 18bps to 24.9% in the absence of any significant inflows into the system.
The naira lost its footing on Wednesday at the official FX market, depreciating by 0.3% to N1,455.00/US$1 after three days of stock selloffs.
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