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

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

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

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

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

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