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FGN Bonds Yield Slide 5bps to 15.5%
Nigerian local bond market recorded increased demand which pushed the yield curve. In the secondary market for FGN Bonds, trading activity was in a bearish mode as the average yield increased by 5 basis points to 15.54%.
This was a result of a yield expansion of 1.25% in the JUN-33 FGN paper. In Nigeria’s sovereign Eurobonds market, there was a negative level of activity. Sell sentiment was evident across the yield curve, leading to an increase in the average yield by 0.01% to 9.79%. #FGN Bonds Yield Slide 5bps to 15.5%#
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