The yields on Nigerian Eurobonds climbed last week as foreign investors retreated in reaction to the U.S. Fed's unchanged interest rates and a general move away from riskier assets.
“The downturn was primarily driven by sustained risk-off sentiment toward African assets and the Federal Reserve's decision to maintain interest rates, which could have triggered capital flight to safer assets,” analysts at Meristem said.
As a result, the average Eurobond yield rose by seven basis points week-on-week, settling at 9.36 percent on Friday last we
