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) […]
Monthly Fixed Income Market Report | January 2024
Monthly Fixed Income Market Report The Nigerian Fixed Income Market started 2024 on a bearish note in January, with average yields rising across board. The FGN bond market saw the average yield increase by 36bps Month-on-Month (MoM) to settle at 14.49%. Similarly, the Nigeria Treasury Bills market experienced a significant 286bps MoM surge in average […]
Monthly Fixed Income Market Report | November 2023
Monthly Fixed Income Market Report 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, […]
Monthly Fixed Income Market Report | August 2023
Monthly Fixed Income Market Report The FGN bond market closed the month negative as average yield surged 96bps MoM to settle at 14.06%. Similarly, the Nigerian Treasury Bills Market closed the month bearish, as average yield went up by 15bps MoM to close at 7.27%. Overall, the secondary Fixed Income market closed on a negative […]
