Nigeria’s long-dated Eurobond yield rises above 8% on global rates pressure
Nigeria’s long-dated Eurobond yield has risen above 8 percent as higher US Treasury yields and persistent inflation concerns put pressure read more Nigeria’s long-dated Eurobond yield rises above 8% on global rates pressure
Nigeria's long-dated Eurobond yield has risen above 8 percent. This increase is attributed to higher US Treasury yields and persistent inflation concerns, according to BusinessDay Nigeria.
The country's stock market has been surging, with the NGX all-share index year-to-date return at 56.93% as of August, as reported by TechCabal. However, foreign investors' participation in the market has been limited, with foreign transactions falling 29% between June and July.
Foreign investors accounted for just 5.6% of total transactions in July, based on the NGX's Domestic and Foreign Portfolio Investment Report, cited by TechCabal.
Brief written by urgent.news from BusinessDay Nigeria, TechCabal — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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