Yields mixed at Egypt bond auction

Reuters , Monday 13 Jun 2016

Yields on Egypt's 1 1/2-year zero-coupon and three-year treasury bond rose at an auction on Monday but that on its seven-year bond dropped, data from the finance ministry website showed.

The average yield on the zero coupon bond rose to 14.309 percent from 14.239 percent when it was last sold on May 30.

The yield on Egypt's three-year treasury bond rose to 14.638 percent from 14.585 percent at the last auction on May 30, while the seven-year bond yield dropped to 16.161 percent from 16.921 percent when it was last sold on March 21.

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