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Saturday, 18 November 2017

Average yields rise on Egypt's 3- and 9-month T-bills

Reuters , Monday 13 Nov 2017
Central Bank of Egypt
Central Bank of Egypt (Photo: Reuters)
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Average yields on Egypt’s three- and nine-month treasury bills rose at an auction on Sunday, central bank data showed.
 
Yields on the 91-day bills rose to 18.470 from 18.387 percent at the last sale, while yields on the 273-day bills rose to 17.834 from 17.714 percent.
 
Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency a year ago. Since then, the CBE has raised key interest rates by 700 basis points.
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