Nigeria's sovereign bonds slip after Trump threat of military action

Nigeria's sovereign bonds slipped up to half a cent on Monday after US President Donald Trump threatened military action in the country if it did not take action to protect Christians.

Longer-dated bonds fell the most, with the 2051 issue falling roughly 0.5 cents, to bid at just under 92 cents on the dollar, in contrast with flat trading for most emerging market bonds.

Trump said on Sunday the US military could deploy troops to Nigeria or carry out air strikes to stop what he called the killing of large numbers of Christians in the West African country.

Nigeria has rejected Trump's claims, saying the West African nation accommodates members of all faiths.