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Monthly Fixed Income Market Report

The FGN bond market concluded the month with a negative performance, with the average yield increasing by 88bps month-on-month (MoM) to settle at 15.33%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield rose by 2.99% MoM to close at 10.93%. Overall, the secondary Fixed Income market wrapped up the month on a negative note, with the average yield experiencing an increase of 1.94% MoM to 13.13%


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