Nigeria’s US dollar bonds trading on the foreign market saw sell pressure due to the country’s growing inflation rate, which caused the average yield to increase by 12 basis points. The deteriorating consumer price index, which printed at 33.20% in April 2023—a 10% increase above 23.20%—was the catalyst for the risk-off attitude. The yield on … Continue reading Nigeria’s US Dollar Bond Yield Rises After Sell Pressure