Egypt T-bill yields drop at Sunday auction

Ahram Online, Tuesday 26 Feb 2013

The Central Bank of Egypt successfully sold LE 5.5 billion of treasury bills at lower yields on Sunday

The average yields on Egyptian three month and nine month treasury bills fell at the Central Bank of Egypt's auction on Sunday.

The yield on three month T-bills dropped by 0.053 since the last issue on 19 February 19 to 12.723 percent.

The yield on nine month bills fell to 13.823 percent, from a previous 13.974 per cent.

The bank had offered three month treasury bills worth LE1.5 billion and an additional LE4 billion of nine month T-bills.

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