Egypt 91-day T-bill average yield down at 9.203 pct

Reuters, Sunday 16 Jan 2011

The average yield on Egyptian 91-day treasury bills declined to 9.203 percent on Sunday from 9.515 percent at last week's auction, the central bank said.

The bank accepted bills worth 1 billion Egyptian pounds, the same amount it was seeking.

The rates of the accepted bills ranged from 9.09 percent to 9.308 percent versus a range of 9.451-9.539 percent at the previous auction.

The bills, for issue on January 18, mature on April 19, 2011.

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