Fixed Income in Focus: The week opened quietly ahead of the October inflation print, with system liquidity surplus at c.₦1.3tn. Trading opened with mid-tenor bonds rallying after headline inflation fell to 16.08% (-197bps m/m), though profit-taking later in the week

Fixed Income in Focus: The week opened with c.₦3.8tn in system surplus liquidity. In the NTB market, demand was skewed to the long end, with October and November bills trading below 15.50%. In the bond market, activity was broad-based, with

Fixed Income in Focus: The week opened liquid ₦3.09tn in anticipation of activity from the scheduled mid-week auctions. Early week activity saw buying interest in both bonds and T-Bills, with interest centered around the mid-tenor Bonds and the 1-year 22-Oct

Fixed Income in Focus: The market opened in anticipation of the FGN bond auction, which cleared with aggressive demand c.4.9x cover and pushed marginal rates 16-35 bps below the previous auction. Secondary trading turned mixed thereafter, an early bullish tone

Fixed Income in Focus: The week opened with a c.₦956bn liquidity surplus. The CBN issued about ₦827bn in OMO bills across tenors, clearing in a 21.73%–22.8% yield range on solid participation. Ahead of the mid-week NTB sale, profit-taking tilted bills

Fixed Income in Focus: The week opened quietly with September CPI in view, and system liquidity sitting at ₦2.08tn. OMO bills set the early tone, with the 10-Mar and 21-Apr lines trading around 18.75% – 19.00%. Attention then shifted to