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 […]
Weekly Market Report: May 11th – 15th, 2026
Fixed Income in Focus: The fixed income market traded on a muted note through the week, with activity remaining largely selective across the curve. While bearish pressure was evident across parts of the mid-tenor segment following the release of the bond auction circular, the broader curve closed on a mixed note, with the 2030s and […]
Weekly Market Report: May 04th – 08th, 2026
Fixed Income in Focus: The week opened on a cautious note despite supportive liquidity, with bonds initially trading bearish as mid-tenors weakened ahead of the NTB auction. Sentiment in the bond space turned bullish mid-week, with demand concentrated across the 2031s–2035s and yields compressing by c.5–9bps into the latter sessions. In the T-bills segment, activity […]
Weekly Market Report: Apr 27th – 30th, 2026
Fixed Income in Focus: The week opened on a bearish tone despite robust liquidity, with early flows concentrated in the bond segment as mid-tenors (2031s–2035s) weakened on soft auction expectations. The DMO auction, however, cleared lower than anticipated at 16.30%–16.59% (3.43x bid-to-cover), though selling pressure persisted, with yields trending higher by c.7bps–20bps across the week. […]
Weekly Market Report: Apr 20th – 24th, 2026
Fixed Income in Focus: The week opened with surplus liquidity amid subdued activity, though with a bearish undertone. The bond market led early trading, with flows skewed to the mid-tenors (2031s, 2032s, 2033s, 2034s and 2035s), which recorded an average c.21bps (week open vs close) uptick in yields as selling pressure intensified into the week, […]
Weekly Market Report: Apr 13th – 17th, 2026
Fixed Income in Focus: The week opened on a mixed note across the curve, with system liquidity firm at ₦7.3tn; however, price action pointed to weak underlying demand. Treasury bill activity carried a bearish tilt, with pockets of demand concentrated in the long Jan–Apr papers, which traded between 15.80%–16.00% by the close. In the bond […]
Weekly Market Report: Apr 7th – 10th, 2026
Fixed Income in Focus: The week opened quietly following the Easter public holiday, with mixed activity across the curve as system liquidity remained supportive at ₦6.2tn, underpinning early demand. In the T-bills segment, interest was skewed to the long end ahead of the auction, which subsequently cleared bullish, with the 364-day bill recording a 5.27x […]
Weekly Market Report: Mar 30th – Apr 2nd, 2026
Fixed Income in Focus: The market opened the week with a surplus of ₦7.12tn, as activity remained mixed across segments, with attention on the bond auction. The auction cleared bearish across tenors, with the 2033s attracting the bulk of demand (1.39x bid-to-cover) and trading slightly firmer post-auction, while the 2032s (1.09x bid-to-cover) and 2030s (1.01x […]