Cameroon Bonds Weaken as Opposition Leader Claims Election Win

Yields on Cameroon’s dollar bonds rose after an opposition leader claimed victory in the country’s presidential election, raising the prospect of political instability in the Central African nation.

Cameroon’s electoral authority is tallying the results from a vote on Oct. 12 in which President Paul Biya is seeking to extend his more than four-decade rule. With no succession plan in place, the 92-year-old leader’s bid to remain in power has fueled concern that a power vacuum may emerge in the oil-exporting nation.