Day: August 3, 2020
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The risk in the duration trade
Talking with clients about our report ‘Navigating the Capital Market; the Investors’ Dilemma’, 14 July 2020 we sometimes hear back that Federal Government of Nigeria bonds are safe while equities are risky. Is this entirely true? Buying long-dated FGN bonds have been profitable this year, but what if interest rates were to rise? Bondholders might […]
