EM ‘Groundhog Day’ as Nigeria trades up amid broad recovery

By Virginia Furness
23 Nov 2017

Nigeria issued a dual tranche 10 and 30 year Eurobond this week that traded up between two and three cash points, as emerging markets (EM) assets recovered after a recent wobble.

A series of political events at the beginning of this month led to a 25bp widening of JP Morgan’s Emerging Market Bond Index (EMBI) after a year of strong gains.

To EM bond traders, this looked to be a worrying repeat of the EMBI’s 50bp widening after the election ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.