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Where are Yields Rising to?

At the end of March 2024, the secondary Fixed Income (FI) market continued to note upward pressure on yields on a Month-on-Month (MoM) basis. The average yield in the Nigeria Treasury bills (NT-bills) market increased by 76bps MoM to close at 17.66%. Similarly, the FGN Bond market closed negative as the average yields surged by 219bps MoM to settle at 19.41%. As a result, the average Naira fixed income market yield climbed by 148bps MoM to conclude at 18.54%.

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