Yields decline on Egypt T-bills

Reuters, Sunday 29 Jul 2012

Average yields on 3 and 9-month treasury bills continue to decline in this week's auction

Average yields continued to decline at an auction on Sunday of LE6 billion of 3-month and 9-month treasury bills, the finance ministry said.

The average yield on the 3-month T-bills was 14.196 per cent, down from 14.243 per cent at last week's auction. On the 9-month bills it was 15.652 per cent, down from 15.696 per cent at the last issue on 17 July.

The central bank, which sells the bills on behalf of the finance ministry, sold the same amount it had offered.

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