Last Update 16:35
Saturday, 23 September 2017

Average yields on Egypt's five- and 10-year T-bonds rise

Reuters , Monday 17 Jul 2017
Share/Bookmark
Views: 1240
Share/Bookmark
Views: 1240

The average yield on Egypt's five- and 10-year treasury bonds rose at an auction on Monday, central bank data showed, amid an increased interest in Egyptian debt among foreign investors.

The average yield on the five-year bonds rose to 18.934 on Monday from 18.349 at the last similar auction on June 19.

The average yield on the 10-year bonds rose to 18.669 percent at an auction on Monday from 18.296 percent at the last auction held July 2.

Appetite for Egypt's domestic debt has increased since the central bank floated the pound currency in November as part of an International Monetary Fund loan agreement aimed at reviving the economy.

Egypt has raised interest rates by 700 basis points since the float. 

Search Keywords:
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.