WED FEB 11 2026-theGBJournal| The Treasury bills secondary market were quiet, as the average yield remained unchanged at 17.5%, maintaining attractiveness for yield-seeking investors amid moderating risk appetite.
Across the curve, the average yield contracted at the short (-1bp) end due to the demand for the 86DTM (-1bp) bill, but remained unchanged at the mid and long segments. Meanwhile, the average yield contracted by 2bps to 21.7% in the OMO segment.
Elsewhere, the FGN bond secondary market traded on a bullish note, as the average yield contracted by 16bps to 15.9%.
Across the benchmark curve, the average yield expanded at the short (+2bps) end, driven by the selloff of the FEB-2031 (+7bps) bond but contracted at the mid (-8bps) and long (-34bps) segments due to the buying interests in the MAR-2035 (-35bps) and JUN-2053 (-88bps) bonds, respectively.
The overnight lending rate expanded by 6bps to 22.9%, despite inflows from OMO maturities (N993.00 billion).
Overall, the fixed income market capitalization rose by 0.2% to N48.94 trillion.
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