August 15, 2016/Cowry Asset Research
FGN OTC
Bond prices decreased across all maturities on profit taking–10.00% FGNJUL 2030 bond,10-year, 16.39% FGN JAN 2022 debt, 7-year, 16.00% FGN JUN 2019 debt and 3-year, 13.05% FGN AUG 2016 debt lost N0.63, N0.65 and N0.93 and N6.24 respectively (corresponding yields rose to 15.389%, 14.98% 15.20% and 20.92% respectively).
