The Nigerian Eurobond market continued on its positive stride this week as global trade fears eased amid buying interest from a ratings upgrade. According to data from the Debt Management Office (DMO), the average yield on Nigerian Eurobonds dipped to 10.41 percent on Tuesday from 10.57 percent in the same period last week. At the peak of the sell-offs witnessed for weeks, the average yields on Nigerian Eurobonds hit 11.37 percent on April 7. “Buying interests resurfaced across the curve as investors took advantage of attractive price
The Nigerian Eurobond market continued on its positive stride this week as global trade fears eased amid buying interest from a ratings upgrade. According to data from the Debt Management Office (DMO), the average yield on Nigerian Eurobonds dipped to 10.41 percent on Tuesday from 10.57 percent in the same period last week. At the peak of the sell-offs witnessed for weeks, the average yields on Nigerian Eurobonds hit 11.37 percent on April 7. “Buying interests resurfaced across the curve as investors took advantage of attractive price