The escalation in the Middle East conflict over the last week has led to sell-offs in Nigeria’s eurobonds, driving average yields to 7.17 percent on Friday last week from 6.98 percent the previous week. “Yields across the sovereign Eurobond curve edged up modestly by about 5bps yesterday, reflecting a broad risk-off response following the joint US-Israel strike on Iran,” Omobola Adu, an economist and fixed-income analyst at CSL Stockbrokers, said. Sell-offs were widespread across the curve, with a strong increase in the NOV 2027 papers (+
The escalation in the Middle East conflict over the last week has led to sell-offs in Nigeria’s eurobonds, driving average yields to 7.17 percent on Friday last week from 6.98 percent the previous week. “Yields across the sovereign Eurobond curve edged up modestly by about 5bps yesterday, reflecting a broad risk-off response following the joint US-Israel strike on Iran,” Omobola Adu, an economist and fixed-income analyst at CSL Stockbrokers, said. Sell-offs were widespread across the curve, with a strong increase in the NOV 2027 papers (+