The purpose of this study is to analyze the determinants of government security yields in relation to the recent development of WAEMU government securities market. The determinants are grouped into three categories of factors; namely macroeconomic factors, microstructure factors, and the...

The paper reviews trends and developments in the rapidly growing local currency debt markets in the WAEMU. The main findings are that common institutions, such as a regional central bank and securities exchange have led to high cross-border transactions within the union. However, excess...