Monthly Fixed Income Market Report | August 2024
Breaking the Mold Contrary to our bearish expectations, Nigeria’s fixed income market exhibited remarkable strength in August 2024. Despite concerns about rising yields due to economic pressures, both the Nigerian Treasury bills (NT-bills) and FGN bonds segments witnessed robust demand. The NT-bills market saw a significant decline in average yields, decreasing by 397bps month-on-month (MoM) […]