By Dipo Olowookere
During this past week, Federal Government bonds traded at the OTC segment appreciated across most of the maturities, Cowry Asset reports.
The 10-year 16.39 percent FGN JAN 2022 debt and the 7-year 16.00 16.39 percent FGN JUN 2019 debt appreciated by N0.61 and N0.17 respectively; their corresponding yields fell to 16.09 16.39 percent (from 16.28 16.39 percent) and 16.33 16.39 percent (from 16.42 16.39 percent) respectively.
However, the 20-year, 10.00 16.39 percent FGN JULY 2030 debt depreciated by N0.12 (its yield rose to 16.04 16.39 percent from 16.00 16.39 percent).
Elsewhere, FGN Eurobonds traded on the London Stock Exchange increased in value across all the maturities amid bargain hunting.
The 10-year, 6.75 16.39 percent JAN 28, 2021 bond, the 5-year, 5.13 16.39 percent JUL 12, 2018 bond and the 10-year, 6.38 16.39 percent JUL 12, 2023 bond appreciated by $0.58 (yield fell to 4.94 16.39 percent), $0.19 (yield fell to 3.71 16.39 percent) and $0.71 (yield fell to 5.84 16.39 percent) respectively.
Source: Cowry Asset
