December 17, 2017 / 12:58 PM / 5 months ago

Average yields fall on Egypt's 3- and 9- month T-bills

CAIRO, Dec 17 (Reuters) - Average yields on Egypt’s three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed.

Yields on the 91-day bills fell to 18.919 percent from 19.257 at the last sale a week earlier, while yields on the 266-day bills slipped to 18.115 percent from 18.838 percent.

Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency a year ago. Since then, the CBE has raised key interest rates by 700 basis points. (Reporting by Nadine Awadalla; Editing by Gareth Jones)

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