MON APRIL 13 2026-theGBJournal| FGN bonds yields fell on Monday by an average of 2.9bps, driven by positive sentiment at the short end of the curve.
Specifically, the March 2027 and March 2028 papers recorded the largest declines, shedding 8bps and 2bps to close at 17.82% and 15.92%, respectively. In contrast, yields on the 2030 and 2032 instruments rose by 4bps each.
In the NT-bills market, investors were marginally bullish, reflected in a 2.7bps decline in discount rates.
Most of the decline was concentrated at the tail end of the 2026 and 2027 papers. Notably, the 8-Apr-2027 bill recorded the steepest drop, falling by 9bps.
This contrasted with the Eurobond market, where Nigerian bond yields rose by an average of 1.3bps.
Buying interest was only seen in the 2030 and 2032 papers, as their yields declined by 6bps and 1bp, respectively, amid rising geopolitical uncertainty.
The interbank market opened the week on a positive note, with the O/N rate declining by 16bps to close at 22.19%, while the OPR remained unchanged at 22.00%.
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