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 […]
Weekly Market Report: March 23rd- 27th, 2026
Fixed Income in Focus: The market opened the week with a surplus of c.₦8.15tn amid mixed activity across segments. The money market saw mild early-week demand for T-bills, with participants positioning ahead of the scheduled auction, compressing yields slightly. Auction stops cleared c.19bps below previous levels on the long end (364-day), attracting strong demand (13.63x […]
Weekly Market Report: March 9th – 13th, 2026
Fixed Income in Focus: The week opened on a bearish tone as caution persisted amid the ongoing Middle East tensions. In the fixed income space, despite surplus liquidity, yields backed up early in the week. Bonds traded bearish by c.10bps with activity focused on the mid-tenor. Towards week-end, we saw a mild rally ahead of […]
Weekly Market Report: March 2nd – 6th, 2026
Fixed Income in Focus: The week opened on a risk-off footing amid renewed geopolitical tensions, prompting early profit-taking across instruments. Bond yields gapped 15–20bps higher at the open, with mid-tenor bonds trading in a range 15.95%–16.15% into the close. The T-bill curve repriced c.25–30bps higher ahead of the mid-week auction, which cleared bearish with strong […]
Weekly Market Report MPC Edition : February 23 -27th, 2026
Fixed Income in Focus: The week opened on muted trading with system liquidity in surplus at ₦2.6tn as focus centered on the bond auction and early-week MPC print. The bond auction cleared bullish at 15.50–15.74% on a 3.37x cover across re-opened tenors, tightening a further c.45bps post-auction on surplus demand with execution at 15.10–15.20%. The […]
Weekly Market Report: February 16th – 20th, 2026
Fixed Income in Focus: The market opened the week subdued, with system liquidity firm at ₦4.68tn, as CBN conducted short-dated OMO auctions (8/99-day and 7/105-day), clearing at 22.39% and 19.48% on c.3.8x cover. The T-bills market rallied into the mid-week auction, with demand skewed to the long end as the 365-day (18-Feb) bill cleared c.100bps […]
Weekly Market Report: February 9 – 13th, 2026
Fixed Income in Focus: Market opened the week with net liquidity of ₦2.8tn, supporting early buying across the curve. In Treasury Bills, flows were mixed, with demand skewed to the long end (21-Jan and 04-Feb) where early prints cleared at 15.95–16.00%. As the week progressed, mild profit-taking saw the T-bills backup by c.5–10bps, with executions […]
Weekly Market Report: January 26 – 30th, 2026
Fixed Income in Focus: The week opened with net liquidity of ₦3.9tn, setting the stage for a bullish bond auction that drew broad-based demand across tenors, with a 2.5x cover. Post-auction, the bond market rallied, with reopened mid-tenors (5–10yr) executing around 16.55–16.80% by close. The Treasury Bill market remained firm, with the 21-Jan issue trading […]