Yields on Egypt's six-month and one-year treasury bills dropped at Thursday's auction.

The average yield on Egypt's 182-day bill fell to 13.683 percent, compared with 13.750 percent at the last sale on March 24. The yield on the 364-day bill dropped to 14.231 percent, against 14.321 percent at its last similar auction on March 24.

Yields had been rising at treasury auctions after the central bank raised interest rates by 150 basis points at its monetary policy meeting on Mach 17.