Fixed Income in Focus: The week opened with surplus system liquidity of c.₦3.4tn amid muted trading and no update on the Q1 auction calendar. Early flows were mixed, with the 17-Dec, 10-Dec and 19-Nov NTBs trading around 16.30–16.60%. Mid-week, the

Fixed Income in Focus: The week opened quietly, with system liquidity anchored at a ₦4.02tn surplus amid a shortened trading week into year-end. OMO activity led the tone, with 168- and 210-day bills (02-Jun and 21-Jul) trading at 18.95–19.05% ahead

Fixed Income in Focus: The week opened quietly amid shortened trading days(Mon-Wed) due to the seasonal holidays, with system liquidity ample at ₦2.15tn. The CBN conducted an early-week OMO auction which closed with a strong 2.88x total cover, as stop

Fixed Income in Focus: The week opened with surplus liquidity of ₦2.58tn ahead of the early-week FGN bond auction (2030s and 2032s re-openings), which cleared +130bps above previous marginal rates but below forecast, printing 1.56x and 1.48x cover. Monday’s inflation

Fixed Income in Focus: The week opened firm, with system liquidity at c.₦3.6tn, even as bearish sentiment dominated early activity. In the Treasury market, profit-taking ahead of the mid-week NTB auction drove early positioning; the auction cleared at 1.05x cover,

Fixed Income in Focus: The week opened with sentiment skewed bearish despite net system liquidity firm at c.₦2.19tn. The T-bills market began on a softer note, with the 19-Nov bill pulling back c.15bps ahead of the mid-week auction, which cleared