…The DMO is scheduled to conduct an NTB primary market auction today
WED FEB 04 2026-theGBJournal| The Treasury bills secondary market closed bullish on Tuesday, as the average yield contracted by 1bp to 18.2%, maintaining an attractive carry for risk-averse investors.
Across the curve, the average yield contracted at the short (-1bp), mid (-1bp) and long (-1bp) segments due to the demand for the 79DTM (-1bp), 170DTM (-1bp) and 352DTM (-1bp) bills, respectively. Conversely, the average yield expanded by 38bps to 22.0% in the OMO segment.
The DMO is scheduled to conduct an NTB primary market auction today, offering N1.15 trillion across the three maturities: N150.00 billion for the 91-Day tenor, N200.00 billion for the 182-Day tenor, and N800.00 billion for the 364-Day tenor.
Elsewhere, the FGN bond secondary market traded on a bearish note, as the average yield expanded by 3bps to 16.2%.
Across the benchmark curve, the average yield expanded at the short (+1bp) and mid (+10bps) segments, driven by sell pressures on the FEB-2031 (+3bps) and JUL-2034 (+19bps) bonds, respectively, but remained unchanged at the long end.
Meanwhile, the overnight lending rate expanded by 20bps to 23.0%, despite inflows from OMO maturities (N1.03 trillion).
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