Egypt's Tbond yields jump after rate hike

Reuters , Monday 21 Mar 2016

Cairo's headquarters of the Egyptian ministry of finance (Photo Al-Ahram)

Yields on Egypt's 1.5-year zero coupon, 3-year and 7-year bonds jumped aggressively at an auction on Monday after the central bank hiked rates by a higher-than-expected 150 basis points last week.

The average yield on the 1.5-year zero coupon treasury bond jumped to 14.631 percent from 12.719 percent at the last auction on March 7, data from the central bank showed.

Egypt's 3-year treasury bond yield jumped to 15.115 percent from 13.408 percent in the last auction on March 7 and the 7-year bond yield jumped to 16.921 percent from 15.080 percent at the last auction on March 7.

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