Nigerian Government Bonds See 12bps Yield Increase, Climbing To 18.59%

Investors offloaded Nigerian government bonds ahead of the Treasury Bills auction scheduled for Wednesday, causing bond yields to rise. The average yield on Federal Government of Nigeria (FGN) Bonds increased by 12 basis points (bps), closing at 18.59%. This increase was driven by investors adjusting their fixed-income portfolios amid changing market conditions. A slowdown in … Continue reading Nigerian Government Bonds See 12bps Yield Increase, Climbing To 18.59%