The Federal Government's expanded domestic borrowing programme triggered a broad-based sell-off across Nigeria's fixed-income market, Independent Newspaper Nigeria reports.
Yields on FGN bonds and Treasury Bills rose as investors adjusted to fresh supply from the Debt Management Office, particularly at the longer end of the curve.
Fixed income desks expect selective opportunities at higher yield levels, but caution that the pace of issuance will remain a key driver of near-term price action.
