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MarketNews
The benchmark yield on Federal Government of Nigeria (FGN) bonds climbed to 16.70% in the secondary market ….
The average yield climbed as investors maintained a bearish pose on Nigerian Treasury bills (T-Bills) in the secondary market ahead of the inflation data release on Monday, investment banking firms revealed.
The average yield on Nigerian Treasury bills (NTB) climbed by 12 basis points (bps) in the secondary market on Wednesday as investors sold off naira assets.
The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills worth N700 billion across standard tenors at the primary market auction on Wednesday.
The Central Bank of Nigeria (CBN) sold OMO bills worth N7.30 trillion in May 2026 as part of efforts to manage liquidity levels in the financial system.
Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.
The average yield on Nigerian Treasury bills eased slightly by 6 basis points (bps) week on week to 17.51% on Friday, as deposit money banks and other portfolio managers remain bullish.
Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the…