Nigeria Eurobond Yields Dip Below 8% Amid Bargain Hunting

Foreign portfolio investors ramped up purchases of Nigeria’s U.S. dollar-denominated sovereign bonds last week, supported by expectations of a U.S. Federal Reserve rate cut. The Nigerian Eurobond segment ended the week on a strong note, buoyed by broad-based demand across the curve. Average yields fell by 15 basis points week-on-week to 7.86%, as investors sought … Continue reading Nigeria Eurobond Yields Dip Below 8% Amid Bargain Hunting