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Yields fall at Egypt nine-month treasury bill auction

Reuters, Sunday 1 Apr 2012
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The average yield declined on 273-day treasury bills auctioned by Egypt's central bank on Sunday, the Ministry of Finance said.

The average yield edged down to 15.642 per cent from 15.829 per cent at the last issue on 21 March and the bank sold all the LE3.5 billion of bills it had sought.

The bank also sold 91-day T-bills, the first auction of that tenor since 10 January.

The yield climbed to 14.008 per cent from 13.833 per cent at the last issue. The central bank sold all LE2 billion it had asked for.

The central bank sells the bills on behalf of the finance ministry.

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