Weekly Market Report: Aug 17th – 21st, 2026
Fixed Income in Focus: The fixed-income market maintained a broadly bullish tone through the week, supported by softer July inflation and strong demand at the FGN bond auction. Headline inflation moderated by 48bps to 15.43% YoY, while the auction drew ₦1.73tn in subscriptions, with ₦805.05bn allotted across the reopened 2035s, 2037s and 2038s. Activity subsequently […]
Weekly Market Report: Aug10th – 14th, 2026
Fixed Income in Focus: The market opened the week on a bearish note, with yields rising across bonds and longer-dated bills, while OMO securities traded bullish. The bearish momentum extended into midweek, with selling pressure concentrated across the mid-tenors, as attention shifted to the NTB auction. The auction attracted ₦4.41tn in subscriptions, with ₦1.45tn allotted […]
Weekly Market Report: Aug 3rd – 7th, 2026
Fixed Income in Focus: The fixed-income market traded mixed through the week,opening on a bullish note before sentiment weakened from Tuesday as yields backed up. In bonds, activity remained concentrated around the belly, with the 2031–2034 maturities still closing c.▼5–10bps below Monday’s opening levels despite the mid-week selloff, while the 2035–2038s closed c.▲15–25bps higher. Liquidity […]
Weekly Market Report: July 27th -31st 2026
Fixed Income in Focus: week, despite a brief bearish reversal on Tuesday. In bonds, early selling gave way to renewed demand across the belly and long ends, with yields on the selected 2031s–2038s compressing by an average of ▼c.21bps WoW. System liquidity remained volatile, ranging between c.₦2.55tn and c.₦4.51tn before closing at c.₦2.98tn. The bullish […]
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 […]