Egypt's central bank sold LE4.5 billion (US$755.33 million) in domestic treasury bills on Sunday, paring LE500 million from the amount it had offered, the Ministry of Finance said.
The central bank sold LE1.5 billion of 91-day T-bills, the same amount it had offered, on behalf of the Finance Ministry. The average yield rose to 11.874 per cent from 11.756 per cent at last week's auction.
However, the bank sold only LE3bn of 273-day T-bills, instead of the LE3.5bn it had asked for. The average yield declined to 12.858 per cent from 12.887 per cent at the last issue on 5 July.
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