Sub-Saharan African Eurobond yields : what really matters beyond global factors?

• Published in: Review of development finance Vol. 8; no. 1; pp. 49 - 62
• Main Authors: Senga, Christian, Cassimon, Danny, Essers, Dennis
• Format: Journal Article
• Language: English
• Published: Amsterdam AfricaGrowth Institute 01.06.2018
• Subjects: Bond yields; Economic performance; Eurobonds; Inflation; International bonds; Public debt; Sub-Saharan Africa

This study explores the drivers of secondary market yields of Sub-Saharan African (SSA) sovereign Eurobonds from 2008 to mid-2017. Our results indicate that, beyond global ‘push’ factors, country-specific ‘pull’ factors such as inflation and GDP growth matter too for SSA Eurobond performance. A pane...