Nigeria Bonds Yield Clicks 19% in Latest Selling Rally
The Nigerian government bonds yield clicked 19% in the secondary market in the latest selling rally ahead of inflation and second-quarter auction sales. The secondary bond market was awash with sell-offs, with notable offers on the JAN 2026 (+199 bps) and MAR 2026 (+337bps) instruments.
Consequently, the average yield curve expanded by 19 bps to reach 19”, a trader said in a report. According to analysts, caution prevailed during the bond trading session amid anticipation of the quarterly auction calendar release.
Across the benchmark curve, the average yield expanded at the short (+41 bp) end due to profit-taking activities on the JAN-2026 (+200bps) bond, Cordros Capital Limited told investors in a note.
However, yield contracted at the long (-2bps) end due to the demand for the JUN-2053 (-16bps) bond. Meanwhile, the average yield remained unchanged at the mid segment.
Analysts reports showed that paltry volumes were executed at the mid-spectrum. Modest offers were seen on May-33 maturity, with the opening and closing bid-offer quotes of 20.45/20.00 and 20.45/20.10, respectively.
AIICO Capital Limited said with no material positive triggers and persistent investor caution, markets will likely maintain mixed sentiment in the near term. #Nigeria Bonds Yield Clicks 19% in Latest Selling Rally Nigerian Exchange Shrinks as Equities Investors Lose N21bn
