Nigeria’s 10-year bond yield rises as US and African benchmarks decline
Nigeria's 10-year government bond yield rose by 46 basis points to 17.05% in the week ended October 16, 2026, even as benchmark yields in the United States, South Africa, Kenya and three other markets declined. The post Nigeria’s 10-year bond yield rises as US and African benchmarks decline appeared first on Nairametrics .
Nigeria's 10-year government bond yield rose by 46 basis points to 17.05% in the week ended October 16, 2026, despite declines in benchmark yields in the US, South Africa, Kenya, and three other markets, according to the Financial Markets Dealers Association (FMDA) weekly market report. This increase marked the only yield rise among seven countries tracked during the period.
The Federal Government bond auction on October 19 further demonstrated upward pressure on government borrowing costs, with the Debt Management Office (DMO) accepting higher stop rates and increasing its borrowing through competitive and non-competitive allotments.
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