The yield on Nigeria 10Y Bond Yield eased to 16.67% on July 10, 2025, marking a 0.52 percentage point decrease from the previous session. Over the past month, the yield has fallen by 2.76 points and is 3.03 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Nigeria 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

As of December 30, 2024, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ***** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United States had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

Nigeria NG: Treasury Bill Rate: Government Securities data was reported at 13.413 % pa in 2017. This records an increase from the previous number of 10.141 % pa for 2016. Nigeria NG: Treasury Bill Rate: Government Securities data is updated yearly, averaging 12.258 % pa from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 24.500 % pa in 1993 and a record low of 3.785 % pa in 2009. Nigeria NG: Treasury Bill Rate: Government Securities data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Nigeria – Table NG.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.

As of December 30, 2024, ** economies reported a negative value for their ten year minus two year government bond yield spread: Ukraine with a negative spread of ***** percent; Turkey, with a negative spread of 1332 percent; Nigeria with **** percent; and Russia with **** percent. At this time, almost all long-term debt for major economies was generating positive yields, with only the most stable European countries seeing smaller values. Why is an inverted yield curve important? Often called an inverted yield curve or negative yield curve, a situation where short term debt has a higher yield than long term debt is considered a main indicator of an impending recession. Essentially, this situation reflects an underlying belief among a majority of investors that short term interest rates are about to fall, with the lowering of interest rates being the orthodox fiscal response to a recession. Therefore, investors purchase safe government debt at today's higher interest rate, driving down the yield on long term debt. In the United States, an inverted yield curve for an extended period preceded (almost) all recent recessions. The exception to this is the economic downturn caused by the coronavirus (COVID-19) pandemic – however, the U.S. ten minus two year spread still came very close to negative territory in mid-2019. Bond yields and the coronavirus pandemic The onset of the coronavirus saw stock markets around the world crash in March 2020. This had an effect on bond markets, with the yield of both long term government debt and short term government debt falling dramatically at this time – reaching negative territory in many countries. With stock values collapsing, many investors placed their money in government debt – which guarantees both a regular interest payment and stable underlying value - in contrast to falling share prices. This led to many investors paying an amount for bonds on the market that was higher than the overall return for the duration of the bond (which is what is signified by a negative yield). However, the calculus is that the small loss taken on stable bonds is less that the losses likely to occur on the market. Moreover, if conditions continue to deteriorate, the bonds may be sold on at an even higher price, partly offsetting the losses from the negative yield.

Nigeria Treasury Bill Rate: 364 Days data was reported at 19.187 % pa in Sep 2024. This records a decrease from the previous number of 21.347 % pa for Aug 2024. Nigeria Treasury Bill Rate: 364 Days data is updated monthly, averaging 10.588 % pa from Jan 2008 (Median) to Sep 2024, with 199 observations. The data reached an all-time high of 21.759 % pa in Jul 2024 and a record low of 0.233 % pa in Nov 2020. Nigeria Treasury Bill Rate: 364 Days data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M001: Policy, Interbank and Treasury Bills Rate.

Nigeria NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data was reported at 6.753 % pa in 2016. This records a decrease from the previous number of 7.455 % pa for 2015. Nigeria NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data is updated yearly, averaging 6.753 % pa from Dec 1992 (Median) to 2016, with 25 observations. The data reached an all-time high of 14.577 % pa in 2009 and a record low of 2.473 % pa in 1999. Nigeria NG: Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Interest Rates. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the 'risk free' treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics database.; ;

Amounts outstanding of debt securities issued in international markets by residents of Nigeria of general government (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

Nigeria Treasury Bill Rate data was reported at 10.940 % pa in Oct 2018. This records a decrease from the previous number of 11.000 % pa for Sep 2018. Nigeria Treasury Bill Rate data is updated monthly, averaging 10.910 % pa from Jan 2000 (Median) to Oct 2018, with 225 observations. The data reached an all-time high of 24.500 % pa in Mar 2002 and a record low of 1.040 % pa in Mar 2010. Nigeria Treasury Bill Rate data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.M001: Policy, Interbank and Treasury Bills Rate.

Nigeria NG: External Debt: Average Interest on New External Debt Commitments data was reported at 5.680 % in 2017. This records an increase from the previous number of 1.396 % for 2016. Nigeria NG: External Debt: Average Interest on New External Debt Commitments data is updated yearly, averaging 4.460 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 11.202 % in 1981 and a record low of 0.000 % in 1999. Nigeria NG: External Debt: Average Interest on New External Debt Commitments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: External Debt: Terms and Undisbursed Debt. Interest represents the average interest rate on all new public and publicly guaranteed loans contracted during the year. To obtain the average, the interest rates for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.; ; World Bank, International Debt Statistics.; Weighted average;

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.