Nigeria_Fixed Income: Markets tepid at week open ahead of inflation
​Trading in the fixed income market opened the week on a calm note as market participants await the release of March inflation data - scheduled for tomorrow by NBS. Overall, yields in the T-bills market inched 3bps higher on average. Particularly, whilst the yield on the 80DTM bill declined 45bps to 6.00%, the yield on the 122DTM bill advanced 29bps to 7.93%. Similarly, trading in the bond market was tepid across most maturities ahead of Wednesday’s monthly bond auction. The most notable yield change was on the 15.54 FGN FEB 2020 maturity, down 12bps to 11.61%.
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