Fixed Income in Focus: The fixed-income market maintained a broadly bullish bias, supported by ample liquidity, which peaked at ₦9.35tn before closing at ₦7.37tn. Bond demand centered on the mid-tenors, with average mid-yields across the quoted 2031s–2038s declining by c.▼9bps

Fixed Income in Focus: The fixed-income market opened on a bullish note, with ample liquidity supporting demand for the 2031s–2038s. Buying interest persisted through midweek, while Treasury bill activity remained subdued ahead of Wednesday’s NTB auction. The auction recorded strong

Fixed Income in Focus: The fixed-income market opened quietly on Monday before post-auction demand supported bond yield compression, following ₦1.75tn in subscriptions and ₦1.21tn in allotments at the FGN auction. Buying strengthened on Tuesday as liquidity rose to ₦7.74tn, supporting

Fixed Income in Focus: The week opened bearish as the Q4 bond calendar signaled increased supply. Buying interest returned on Tuesday as liquidity rose to c. ₦6.49tn, supporting mid-tenor bonds and April and June OMOs. Sentiment softened ahead of Wednesday’s

Fixed Income in Focus: The fixed-income market traded bearish through the week, led by sustained selling in bonds despite Friday’s recovery. Activity centred on the 2031s–2038s, where mid-yields rose by c.22bps over the week, with Thursday recording the sharpest sell-off.

Fixed Income in Focus: The fixed-income market traded with a broadly bearish bias during the week, shortened by Thursday’s Independence Day holiday. Profit-taking dominated FGN bonds across the 2031s–2038s, pushing average mid-yields higher by c.38bps from Monday’s opening to Friday’s