Latest news with #bondrally
Bloomberg
17 hours ago
- Business
- Bloomberg
Nigeria Naira Bonds Beat EM Peers Amid Reforms
Nigerian President Bola Tinubu's reforms are sparking the biggest bond rally in emerging markets, with naira-denominated bonds extending their 2025 rally. Tinubu's measures including eliminating fuel subsidies, a tax overhaul and boosting reserves have supported investor interest in the local market. Bloomberg TV's Jennifer Zabasajja reports. (Source: Bloomberg)
Bloomberg
4 days ago
- Business
- Bloomberg
Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed
Nigerian President Bola Tinubu's reforms are sparking the biggest bond rally in emerging markets as the West African nation's two-digit carry yields are backed by increasing government revenue, slowing inflation and a stable currency. Naira-denominated bonds of Africa's largest crude producer have extended their 2025 rally with an 8.6% total return in July, the best performance among the 23 countries in the Bloomberg EM Local Currency Government Universal Index both for the month and the year.
