Table 2

Descriptive statistics for Africa sovereign bond returns

VariablesMeanStd. devSkewnessKurtosisJB stat
Botswana0.011 (0.443)0.558−0.008 (0.899)3.344 (0.000)615 (0.000)
Egypt−0.001 (0.963)1.487−19.988 (0.000)549.194 (0.000)1,667,673 (0.000)
Ghana0.031 (0.144)0.7920.475 (0.000)8.870 (0.000)4,377 (0.000)
Kenya0.038 (0.000)0.313−0.130 (0.052)50.694 (0.000)141,351 (0.000)
Morocco0.010 (0.274)0.346−0.001 (0.980)2.356 (0.000)305 (0.000)
Nigeria0.008 (0.785)1.146−11.854 (0.000)268.00 (0.000)398,129 (0.000)
South Africa0.008 (0.818)1.427−0.601 (0.000)6.545 (0.000)2,435 (0.000)
Uganda0.036 (0.021)0.5711.391 (0.000)40.132 (0.000)89,008 (0.000)

Note(s): Std. Dev. and JB Stat are the standard deviation and Jarque-Bera statistics for the Africa sovereign bonds return series. [.] and (.) are the t-statistic of means and p-value of the Jarque-Bera statistics, respectively

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