TUE JULY 29 2025-theGBJournal| Nigerian fixed income capitalization dropped 0.02% to N51.29 trillion as the treasury bond average yield dipped slightly by 1bp to 16.1% on Tuesday.
Across the benchmark curve, the average yield increased at the short (+1bp) and mid (+1bp) segment due to sell pressures on the APR-2029 (+1bp) and JUL-2034 (+11bps) bonds, respectively, but declined at the long (-4bps) end due to demand for the APR-2037 (-20bps) bond.
Trading in the Treasury bills secondary market was bullish, as the average yield declined by 2bps to 17.7%.
The average yield across the curve, declined at the short (-1bp), mid (-2bps), and long (-2bps) segments driven by the demand for the 72DTM (-1bp), 114DTM (-3bps), and 226DTM (-13bps) bills, respectively.
In contrast, the average yield expanded by 2bps to 24.7% in the OMO segment.
Meanwhile, the overnight lending rate declined by 4bps to 27.0% in the absence of any significant inflows into the system.
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