Nigerian Government Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-government-nigeria-nigeria
Nigerian Government Bond Yields (USD) as of 2026-07-27: 10Y at 7.53%, fitted curve 18M–25Y (5.62%–8.10%), 15 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 18M | 5.62% | — |
| 2Y | 5.98% | 7.06% |
| 3Y | 6.36% | 7.13% |
| 4Y | 6.59% | 7.28% |
| 5Y | 6.79% | 7.63% |
| 6Y | 6.98% | 7.92% |
| 7Y | 7.15% | 8.15% |
| 8Y | 7.29% | 8.32% |
| 9Y | 7.42% | 8.44% |
| 10Y | 7.53% | 8.51% |
| 20Y | 8.00% | 8.46% |
| 25Y | 8.10% | 8.52% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.98% and the 10-year 7.53%, a 10Y−2Y spread of +155 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-02-03 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.98% | 6.12% | 6.09% | 6.08% | 6.06% | 4.65% | 6.70% |
| 10Y | 7.53% | 7.56% | 7.53% | 7.52% | 7.94% | 7.72% | — |
| 10Y − 2Y | +155 bp | +144 bp | +143 bp | +143 bp | +188 bp | +307 bp | — |
Bonds in this curve
The 16 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Nigeria | 5.52% | 2027-11-28 | 6.50% | XS1717011982 |
| Nigeria | 6.07% | 2028-09-28 | 6.12% | XS2384698994 |
| Nigeria | 6.29% | 2029-03-24 | 8.38% | XS2445169985 |
| Nigeria | 6.57% | 2030-02-23 | 7.14% | US65412JAD54 |
| Nigeria | 6.63% | 2030-02-23 | 7.14% | XS1777972511 |
| Nigeria | 6.54% | 2031-01-21 | 8.75% | XS1910827887 |
| Nigeria | 6.89% | 2031-06-09 | 9.62% | XS2948511949 |
| Nigeria | 7.27% | 2032-02-16 | 7.88% | XS1566179039 |
| Nigeria | 6.98% | 2033-09-28 | 7.38% | XS2384701020 |
| Nigeria | 7.33% | 2034-12-09 | 10.38% | XS2948512913 |
| Nigeria | 7.36% | 2036-01-13 | 8.63% | XS3218072919 |
| Nigeria | 7.48% | 2038-02-23 | 7.70% | XS1777972941 |
| Nigeria | 8.06% | 2046-01-13 | 9.13% | XS3218073057 |
| Nigeria | 7.96% | 2047-11-28 | 7.62% | XS1717013095 |
| Nigeria | 8.07% | 2049-01-21 | 9.25% | XS1910828182 |
| Nigeria | 8.10% | 2051-09-28 | 8.25% | XS2384704800 |