WED NOV 12 2025-theGBJournal| The Nigerian treasury bills secondary market traded on a bullish note on Tuesday as the average yield contracted by 14bps to 17.2%.
Across the curve, the average yield expanded at the short (+1bp) end, driven by profit-taking activities on the 86DTM (+12bps) bill, but contracted at the mid (-22bps) and long (-18bps) segments, due to the demand for the 100DTM (-43bps) and 191DTM (-37bps) bills, respectively.
Likewise, the average yield contracted by 9bps to 21.9% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 8bps to 15.8%.
Across the curve, the average yield contracted at the short (-16bps) and mid (-11bps) segments, following the demand for the AUG-2030 (-27bps) and JUN-2033 (-21bps) bonds, respectively, while it closed flat at the long end.
The overnight lending rate remained unchanged at 24.86%.
The official foreign exchange rate appreciated by 0.7% to N1,425.00/US$, continuing its stellar performance against the benchmark U.S. dollar
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
