ABUJA, May 29 (Reuters) - Nigeria's five-year bond yield
dropped more than 200 basis points on Friday as yields fell
across maturities, a day after the central bank unexpectedly cut
its benchmark lending rate to stimulate growth in Africa's
largest economy, traders said.
The bank lowered its benchmark interest rate to 12.5% from
13.5%, on Thursday, triggering bond yields to fall. The most
liquid 5-year paper fell to 6.5%.