Central Bank of Nigeria building. Photo: CBN
Nigerian treasury bill yields edged lower on Monday as investors increased demand for short-term government securities ahead of the Central Bank of Nigeria’s N700bn primary market auction and the release of fresh inflation data.
The buying interest pushed yields lower across different segments of the treasury bill curve, reflecting stronger demand for fixed-income assets amid expectations that inflation will continue to moderate.
The average treasury bill yield fell by three basis points to 18.09 per cent on Monday, extending the bullish sentiment that has characterised the fixed-income market in recent sessions.
At the mid-section of the curve, demand was particularly strong for 4 February 2027 and 18 February 2027 maturities, whose yields declined by 24 basis points and 19 basis points respectively.
