Weekly Market Report: July 20th – 24th, 2026
Fixed Income in Focus: The week opened on a moderate note, with attention centred on the FGN bond auction, which recorded an overall bid-to-cover ratio of 1.45x. Post-auction, the market turned bullish, with momentum strengthening after the MPC held the MPR unchanged at 26.50%. Demand remained concentrated at the belly of the curve, driving an […]
Weekly Market Report: July 13th – 17th, 2026
Fixed Income in Focus: The market traded mixed through the week, with demand improving across bonds and Treasury bills into Friday. In bonds, activity centred on the belly of the curve, where yields across the selected 2031s–2037s closed broadly unchanged on average WoW, as early selling was offset by renewed demand later in the week. […]
Weekly Market Report: July 6th – 10th, 2026
Fixed Income in Focus: The market traded on a broadly bullish tone through the week, led by sustained bond demand after a cautious start. Activity centred on the 2031s–2037s, where yields compressed by c. ▼22.5bps WoW, despite a brief retracement on Thursday, as improved liquidity supported buying across the belly of the curve. The move […]
Weekly Market Report: June 29th – July 3rd, 2026
Fixed Income in Focus: The fixed income market traded on a broadly constructive note through the week, with demand largely concentrated around the belly of the curve. Across the bond segment, the 2030s–2037s compressed by an average of c.▼33bps from Monday open to Friday close, supported by renewed interest in the mid-tenors despite pockets of […]
Weekly Market Report: June 22nd – 26th, 2026
Fixed Income in Focus: The fixed income market traded on a bearish note through the week, shaped largely by the bond auction outcome and sustained pressure across the belly of the curve. The reopened 2035s and 2037s cleared at 18.34% and 18.35%, respectively, ▲129bps and ▲135bps above prior stop rates, reinforcing the bearish tone across […]
Weekly Market Report: June 15th – 19th, 2026
Fixed Income in Focus: The market traded on a broadly bearish tone through the week, led by bond selling after the CBN bond issuance circular pointed to larger net issuance. Activity centred on the 2030s–2037s, where yields repriced higher by c. ▲41bps WoW despite intermittent retracement and the softer May CPI print. The move reflected […]
Weekly Market Report: June 8th – 11th, 2026
Fixed Income in Focus: The fixed income market opened the shortened four-day trading week on a bearish note, with Friday declared a public holiday for Democracy Day. Sell pressure was sustained across bonds and treasury bills, particularly around the belly and long end of the curve, with bearish momentum peaking on Tuesday as benchmark bonds […]
Weekly Market Report: June 1st – 5th, 2026
Fixed Income in Focus: The fixed income market opened the week on a constructive note, with supportive flows across bonds, NTBs and OMO papers. Sentiment softened on Tuesday as bond yields backed up across the 2030s–2037s, while the NTB segment saw profit-taking across tenors; the CBN also conducted a late-day OMO auction, with demand concentrated […]
Weekly Market Report: May 25th – 29th, 2026
Fixed Income in Focus: The fixed income market traded for a shortened three-day week due to the Eid el-Kabir public holiday, with overall activity moderate and participation largely selective across the curve.The week opened with focus on the Q1 2026 GDP print, which came in stronger at 3.89% YoY, signaling sustained economic resilience. In the […]
Weekly Market Report: May 18th – 22nd, 2026
Fixed Income in Focus: The fixed income market traded with a broadly bearish tone over the week, shaped by the bond and OMO auctions as well as the 305th MPC decision, which printed unchanged across key policy parameters. At the bond auction, the 2035s and 2037s cleared at 17.00% and 17.04% respectively, setting the tone […]