Because of the selloff in foreign currency-denominated borrowing instruments trading on the international market, the average yield on Nigeria’s sovereign Eurobond has begun to gallop toward 11%. Amid concerns about the US recession, global investors’ sentiment was affected by Nigeria’s protests and worsening macroeconomic statistics. In Nigeria’s sovereign Eurobonds market, traders reported that pessimistic sentiment … Continue reading Nigeria’s Eurobond Yield Reaches 11% As Foreign Investors Remove Profits