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Nigeria 10-year bond yield drops 18 bps; pressure eases after selloff

Published February 21, 2014 Updated February 21, 2014 12:52pm

1 min

By Shoaib Ur Rehman

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LAGOS: Yields on Nigeria's 10-year debt dropped 18 basis points to 14.07 percent as selling pressure eased, a day after the suspension of the central bank governor caused a selloff in its bond, currency and stock markets.

The 2022 benchmark debt, listed in the JP Morgan emerging government bond index and the most liquid, witnessed renewed buying from domestic pension funds, dealers said.

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