Monday, 6 October 2008

Credit spreads excellerate their widening in Africa

Ghana's US$ Global 2017 sovereign bond has seen its spread over 10-year US treasuries widen to 613bps over the past several weeks from 484 on September 1.

Gabon's has also seen a 231 bps jump to 773 bps above US 10-year treasury bonds, between September 30 and October 6.

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