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 […]
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 […]