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Yields on Egyptian T-Bills inch up at auction

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Reuters – Yields on Egyptian treasury bills rose at an auction on Thursday and the central bank sold all the debt it had offered.

The average yield on 182-day treasury bills increased to 11.174 percent at Thursday’s auction from 11.133 percent last week, the central bank said. The yield on 357-day T-bills edged up to 11.279 percent from 11.229 percent.

The bank sold 2.5 billion Egyptian pounds ($362.91 million)of the 182-day T-bills and 4 billion pounds of the 357-day bills, the amounts it had offered. ($1 = 6.8888 Egyptian pounds)

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