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Nigeria's five-year bond yield sheds 200 bps after surprise rate cut -traders

5/29/2020

 
May 29, 2020 - Abuja, Nigeria, Africa - Nigeria's five-year bond yield dropped more than 200 basis points on Friday as yields fell across maturities, a day after the central bank unexpectedly cut its benchmark lending rate to stimulate growth in Africa's largest economy, traders said.
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