The Debt Management Office (DMO) allotted N1.56 trillion in FGN bonds at its August 2026 auction, exceeding its initial N1.1 trillion offer due to strong investor demand. Total bids reached N1.73 trillion, with the 15.45% June 2038 bond attracting the bulk of interest. Notably, marginal rates for all three instruments dropped by over 100 basis points compared to the previous month, settling between 17.15% and 17.79%. The results reflect a trend of cooling yields as investors continue to commit to long-dated sovereign debt.