Browsing: DMO

The average yield on Nigerian bonds declined as investors sold down their holdings ahead of the Debt Management Office (DMO) primary market auction today.

As the government continues to borrow, Nigeria’s debt clock is predicted to accelerate even more. Total debt to gross domestic product (GDP) is estimated to settle at 54.6% at the end of 2024, analysts at Cordros Securities said in a commentary note.

The average yield on Federal Government of Nigeria (FGN) bonds settled at 19.41% in the secondary market after mixed trading sessions last week ahead of inflation data.

The benchmark yield on Nigerian government bonds retraced as asset managers, and local deposit money banks with surging liquidity parked their free cash into debt papers.

The interest rate offered to investors at the just concluded primary market auction (PMA) conducted by the Debt Management Office

The Federal Government of Nigeria (FGN) bonds secondary market ended the trading sessions with selloffs as fixed interest securities traders opened

The benchmark yield on Nigerian government bonds rose marginally as local bondholder dumped assets over sustained riskoff sentiment in the secondary market.

Investors reduced interest in Nigerian government bonds has nudged the average yield higher by 12 basis points to 19.22% in the secondary market

Due to sell pressure, the average yield on Nigerian government bonds increased marginally to settle at 19.10% in the secondary market on Friday, traders

The Debt Management Office (DMO) has offered two Federal Government of Nigeria (FGN) bonds for subscription in October at N1,000 per unit.