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Wednesday, 27 May 2020

Egypt sells more 364-day treasury bills than offered

Yields on the one year bills eases as the central bank sells more than offered

Reuters, Thursday 29 Mar 2012
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The average yield on Egyptian 364-day domestic treasury bills eased at an auction on Thursday, and the central bank sold more than it originally offered.

But the yield on 182-day T-bills rose, and the bank sold less than it sought, it said.

On the 364-day bills, the average yield fell to 15.709 per cent from 15.919 per cent at the last issue on 20 March, and the bank sold LE4.5 billion instead of the LE3.5 billion it had offered.

On the 182-day bills, the average yield rose to 14.829 per cent from 14.799 per cent at last week's auction, and the bank sold LE1.975 billion instead of the LE3 billion it had initially asked for. 

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