Yields on Nigeria’s
2024 bond shed 15 basis points to 11.89 percent on Friday, after JP Morgan
added it to its Government Bond Index-Emerging Market (GBI-EM), attracting
offshore funds, dealers said.
The 10-year benchmark
bond opened for trade at 12.04 percent.
Last week JP Morgan
said it add Nigeria’s 2024 bond to its emerging market government bond index,
in addition to five other bonds already listed, pushing its yield down 22 bps.
Since then, some
investors have
