…The fixed income market closed 0.05% higher to N51.55 trillion
TUE DEC 23 2025-theGBJournal| The FGN bond secondary market traded with bullish sentiments, as the average yield contracted by 2bps to 16.5%.
Across the curve, the average yield expanded at the short (-7bps) and long (-2bps) ends driven by the buying interests in the AUG-2030 (-15ps) and JUN-2038 (-9bps) bonds, respectively but expanded at the mid (+4bps) segment due to sell pressures on the JUN-2033 (+9bps) bond.
The NTB secondary market traded on a quiet note albeit with a bullish tilt as the average yield contracted by 1bp to 17.7%.
Across the curve, the average yield expanded at short (+11bps) and mid (+3bps) segments driven by the selloffs of the 79DTM (+55bps) and 107DTM (+9bps) bills, respectively but contracted at the long (-10bps) end driven by the demand for the 331DTM (-53bps) bill.
Similarly, the average yield contracted by 2bps to 22.0% in the OMO segment.
Meanwhile, the fixed income market closed 0.05% higher to N51.55 trillion.
The overnight lending rate remained unchanged at 22.7% despite inflows from OMO maturities (N1.14 trillion).
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