Nigeria's Eurobond market enjoyed a significant bullish run for the fourth consecutive week due to positive investor sentiments.
The Eurobond average yields dipped by two basis points (bps) to 9.56 percent from 9.7 percent last week, indicating a drop from 10.63 percent at the beginning of the month.
The rally was broad-based, with strong buying interest observed across all tenors, particularly the short-term tenors, including the NOV-25 (-33bps), NOV-30 (-32bps), and FEB-30 (-26bps) papers.
Gbolahan Ologunro, portfolio manager at FBNQ
