Nigeria's Bond Yields Rise to 16.13% Amid Global Selloff

In the latest trading week, Nigeria's average yield on sovereign bonds increased to 16.13%, up from 15.46% two weeks earlier, as reported on March 9, 2026. This rise is attributed to a broader global bond selloff and weak trading volumes in the domestic fixed income market.

The increase in yields reflects heightened investor caution amid geopolitical tensions and a shift in monetary policy trends. Notably, the movement across Nigeria's sovereign bond yield curve indicates that investors are adjusting their positions across different maturities, with a mix of movements suggesting a preference for longer-duration instruments.

Short-term government securities, such as 1-month and 3-month treasury bills, saw slight declines in yields, falling to 16.26% and 16.25%, respectively. The overall trend indicates a demand for higher compensation for locking funds in longer-duration instruments, reversing part of the earlier rally in treasury bills.

This situation coincides with modest movements in global bond markets, including a slight decline in China's 10-year bond yield.