Bond yields push higher as unemployment figures came out weaker for Q4’2020

OMO Auction Overnight rate

By Zedcrest Analysts FGN Bonds The Bond market opened the week on a slightly more active note, with spreads getting tighter across the curve. This came on the back of improved supply across the bond curve. At the belly of the curve, we saw sellers of the 2026s & 2029s papers, which traded above the 10.00% mark (moving up 10bps on the average). Selling interests also came out at the tail end of the curve, as offers of the ‘auction bonds’, 2035s & 2045s, flooding the markets at 11.10% and…

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