According to a bevy of specialists, the average yield on Federal Government of Nigeria, FGN, bond instruments jumped to 14.3% in the recent past as the market re-priced fixed interest securities assets, following monetary policy tightening. Market experts and fixed income asset dealers reported seeing sell pressure on the medium and long ends of the yield curve as average yields jumped 16 and 33 basis points, respectively. “In the medium term, we maintain our expectation of an uptick in yields in the bonds market, as both the FGN’s borrowing plan for 2022 and the expected fiscal deficit point towards an increased supply”, Cordros Capital said in a market note.