Interest rates on the Egyptian government's debt have fallen from historic highs in recent weeks as optimism grows that it will secure help for a struggling economy from the International Monetary Fund and other foreign donors.

 

The average yield on 182-day bills dropped to 13.172 per cent, its lowest since November last year, from 14.248 per cent at an auction last week.

 

The average yield on 364-day bills slid to 13.803 per cent, its lowest since October 2011, from 15.748 per cent at an auction on 6 September.