…JP Morgan bullish on naira debt as FX reserves climb
Yields on Nigerian Eurobonds jumped to the highest level this year as US president Donald Trump’s sweeping tariffs spooked markets.
Average yields climbed to 9.62 percent Wednesday, according to data from Nigeria’s Debt Management Office (DMO). This is an increase from 9.50 percent at the start of the year.
The average price of the country’s sovereign bonds has also dropped to $90.14 from $92.12 at the beginning of the year.
The market saw sell-offs acro
