Report

Nigeria_Fixed Income Daily: T-bills market upbeat at week close amidst robust system liquidity

​Amidst improved system liquidity and following six (6) consecutive sessions of yield advancement, sentiment turned upbeat in the T-bills market at week close as yields moderated 54bps on average. As expected, the short end of the space recorded the most sizeable yield decline. Notably, the 13DTM(-216bps), 20DTM(-147bps)and 27DTM(-185bps) bills closed at 4.68%, 5.53% and 5.00% respectively. Amid mixed sentiment, the bond market maintained a cautious pattern with yields relatively flat on average. Whilst yield on the 12.50% FGN JAN 2026 bond declined 8bps to 12.4%, the yield on the 12.40% FGN MAR 2036 bond advanced 21bps to 12.94%.

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Vetiva Capital Management
Vetiva Capital Management

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