Nigeria’s Eurobond market ended February in positive territory, reflecting continued foreign investor confidence.
According to data from the Debt Management Office (DMO), the average yield on Nigeria’s Eurobonds dropped to 8.80%, down 41 basis points from 9.21% at the start of the month—highlighting strong investor demand.
In comparison, the Sub-Saharan African Eurobond market saw yields decline by 27 basis points to an average of 8.4%, indicating that Nigeria outperformed the region.
Despite some sell-offs last week, which briefly pushed yields up from 8.79% to 8.80%, Nigeria’s Eurobond market maintained its positive momentum. These trends contributed to cautious trading in emerging market assets, including Nigerian Eurobonds.