Nigeria, two others have highest weights at bond market -IMF - Punch Newspapers

“Cross-border spillovers are also affecting frontier markets. Frontier debt issuers have benefited from index inclusion and have become an important part of the EM debt asset class. Their share of international debt outstanding increased dramatically over the past decade; they now account for almost 20 per cent of the widely used the EMBIG-Diversified index, making them a large beneficiary of benchmark-driven flows,” the report added.

“Foreign participation in the local bond markets is also broadly comparable across frontier and emerging markets. High foreign investor participation can induce significant volatility in frontier markets because they often lack financial depth and have a relatively shallow domestic investor base. Despite having high weight in the emerging bond market index, Nigeria and other frontier markets were said to have shallow investor base and market debt, especially when compared to advanced economies.

Can somebody please, interpret this into simple English!!!

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