Browsing: Uncategorized

Riskoff Sentiment on Nigerian Bonds Provokes 5bps Yield Surge

The average yield on Nigerian government bonds in the secondary market rose by 5 basis points, traders said in their separate notes, citing heated selloffs on naira assets. Investors reacted to subdued yield in the bond market following monetary policy tightening the nudged benchmark interest rate higher by 25 basis points to 27.50%.