Browsing: Yield

Investors continue search for high yield investment option has continued to trigger portfolio adjustment, rebalancing amidst the worsening inflation condition in Nigeria. Last week, the average yield on Federal Government of Nigeria (FGN) bond spiked by 23 basis points in the secondary market over sustained risk off sentiment on local borrowing instruments.

The benchmark yield on Federal Government of Nigeria (FGN) bonds slide by 2 basis points to about 18.7% in the secondary market. The interest yield on local debt notes widened following inflation surge in April amidst widening real return on investment.