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    Wednesday, June 24

    FGN Bond Yield Rises to 18.75% Ahead of Inflation

    Ogochukwu NdubuisiBy MarketNews No Comments1 Min Read
    FGN Bond Yield Rises to 18.75% Ahead of Inflation

    FGN Bond Yield Rises to 18.75% Ahead of Inflation

    The average yield on Federal Government of Nigeria (FGN) bonds rose in the secondary market as fixed interest securities investors reduced their portfolio holdings. Consequently, average yields increased by 0.02% to 18.75%.

    Traders stated in their respective market updates that selloffs skewed to the mid segment (+6bps) of the curve ahead of expected surge in inflation rate for May, 2024.

    According to fixed income traders, FEB-31 FGN Bonds experience strong sell pressures which dragged its associated yield upward by +12bps. The same experience was seen FEB-34 FGN bonds, causing its yield to inch higher by +12bps.

    Also, investors also trimmed interest MAR-2025 FGN bonds, pushing its yield upward by +6bps but remained unchanged in the long end. TEXEM UK Avails Nigerians of Strategic Leadership Opportunities at Manchester’s Meeting

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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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