This study examines the spillover effects of U.S. monetary policy normalization on Nigeria 10-Year Treasury bond yield … exchange rate and inflation, rather than the U.S. 10-Year sovereign bond yield, are the key drivers of Nigeria 10-Year bond …

factors have contributed to the recent decline in bond yields in the US. For that purpose, we start with a very general model … empirical part consists of a cointegration analysis with an error correction mechanism from the mid 80s until 2005. We are able … to establish a stable long-run relationship and find that the behaviour of bond rates in the last few years may well be …