The FGN bond market ended the month on a bearish note with the average yield increasing by 40bps Month-on-Month (MoM) to close at 15.72%. Conversely, the Nigerian Treasury Bills Market concluded the month on a bullish note as the average yield declined by 72bps MoM to settle at 10.21%. Overall, the Secondary Fixed Income Market closed off the month positive with the average yield falling by 16bps MoM to settle at 12.97%.
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