By Dipo Olowookere
The bond market regained a relatively calm posture on Wednesday with the average yields retracting by 0.28 percent.
This was a market players cherry-picked on the 2027s which was sold off significantly higher in the previous session.
According to Zedcrest Research, slight interests were seen on the longer end of the curve with yields averaging 14.20 percent.
The Debt Management Office (DMO) released its bond offer circular for the month of August with a total of N90 billion of the 3, 5 and 10-year bonds on offer for sale at an auction slated for August 15, 2018.
“This has consequently kept yields slightly elevated on the mid-end of the curve and we expect this trend to remain relatively unchanged ahead of the auction,” Zedcrest Research said.
Adedapo Adesanya