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Nigerian Assets Tumble After Trump Threatens Military Action - BLOOMBERG
By Anthony Osae-Brown and Mpho Hlakudi
Nigeria’s dollar bonds suffered the biggest losses in emerging markets on Monday after US President Donald Trump threatened military action in the country if its government doesn’t halt the killings of Christians by Islamist militants.
Nigerian dollar bonds fell across the maturity curve, comprising all 10 of the worst performers in emerging markets worldwide as of 10:45 a.m. in Lagos, according to data compiled by Bloomberg. The notes maturing in 2047 were down most, falling as much as 0.6 cents on the dollar to 88.26 cents before paring the decline.
