Weekly Market Report: Oct 26th – Oct 30th, 2026
Fixed Income in Focus: The fixed-income market maintained a broadly bullish bias, supported by ample liquidity, which peaked at ₦9.35tn before closing at ₦7.37tn. Bond demand centered on the mid-tenors, with average mid-yields across the quoted 2031s–2038s declining by c.▼9bps from Monday’s opening levels. In Treasury bills, early buying interest favored the long end, driving […]
Weekly Market Report: November 02 – 06, 2026
Fixed Income in Focus: The fixed-income market opened on a bullish note, with ample liquidity supporting demand for the 2031s–2038s. Buying interest persisted through midweek, while Treasury bill activity remained subdued ahead of Wednesday’s NTB auction. The auction recorded strong demand at a bid-to-cover ratio of 4.01x, with stop rates unchanged across all tenors. Post-auction […]
Weekly Market Report: Oct 19th – 23rd, 2026
Fixed Income in Focus: The fixed-income market opened quietly on Monday before post-auction demand supported bond yield compression, following ₦1.75tn in subscriptions and ₦1.21tn in allotments at the FGN auction. Buying strengthened on Tuesday as liquidity rose to ₦7.74tn, supporting bonds and OMO bills, while the 14-Oct-2027 Treasury bill yield rose. The bullish trend continued […]
Weekly Market Report: Oct 12th – 16th, 2026
Fixed Income in Focus: The week opened bearish as the Q4 bond calendar signaled increased supply. Buying interest returned on Tuesday as liquidity rose to c. ₦6.49tn, supporting mid-tenor bonds and April and June OMOs. Sentiment softened ahead of Wednesday’s NTB auction, where robust demand drove an overall BTC of 3.84x, with ₦1.03tn subscribed against […]
Weekly Market Report: Oct 5th – Oct 9th, 2026
Fixed Income in Focus: The fixed-income market traded bearish through the week, led by sustained selling in bonds despite Friday’s recovery. Activity centred on the 2031s–2038s, where mid-yields rose by c.22bps over the week, with Thursday recording the sharpest sell-off. Treasury bills remained largely muted around Wednesday’s auction, where the 364-day bill attracted ₦1.68tn in […]
Weekly Market Report: Sep 28th – Oct 2nd, 2026
Fixed Income in Focus: The fixed-income market traded with a broadly bearish bias during the week, shortened by Thursday’s Independence Day holiday. Profit-taking dominated FGN bonds across the 2031s–2038s, pushing average mid-yields higher by c.38bps from Monday’s opening to Friday’s close. Selective demand for the 2032s and 2033s midweek offered some respite, but renewed selling […]
Weekly Market Report: Sep 21st – 25th, 2026
Fixed Income in Focus: The fixed-income market traded bullish during the week, supported by the MPC’s 350bps rate cut to 23.00%, auction demand and elevated liquidity. Bond yields compressed by c.60–75bps WoW across the 2031–2038 maturities, although profit-taking triggered a retracement later in the week. NTBs followed suit, with the 9-Sep-27 bill closing at 15.75%/15.60%, […]
Weekly Market Report: Sep 14th – 18th, 2026
Fixed Income in Focus: The fixed-income market traded mixed through the week, driven by the FGN bond auction, August inflation data and liquidity conditions. Bonds opened bullish before profit-taking and post-auction repricing weakened sentiment midweek. Renewed demand on Friday left the curve mixed WoW: the 2031s–2032s compressed by c.5bps, the 2033s–2034s rose by c.5bps, while […]
Weekly Market Report: Aug 31st – Sep 4th, 2026
Fixed Income in Focus: The fixed-income market traded on a bullish note during the week, with buying interest seen across the FGN Bonds, NTB and OMO segments. In the Bonds market, demand was concentrated on the highest yielding paper, Jun-38s compressing it 70bps WoW to close at 16.60%, while the Apr-37s declined by 55bps other […]
Weekly Market Report: Aug 24th – 28th, 2026
Fixed Income in Focus: The fixed-income market traded on a mixed note during the week, with mild bearishness in bonds offset by bullish activity across the NTB and OMO segments. In bonds, most benchmark yields rose by 5bps WoW, while the Jul-34s and Jun-35s were unchanged. The Jun-38s outperformed, compressing by 5bps to close at […]