Nigeria’s 10-year bonds yield fall to 11-month low on liquidity

by | October 19, 2015 12:31 am

The yield on Nigeria’s 10-year bond fell to 12.90 percent on Friday, its lowest level since last November, down from 13.10 percent on Thursday as excess liquidity in the banking system was funnelled into the bond market, traders said. The benchmark 2024 bond, which has traded as high as 17.32 percent this year, sold at…

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