November 12, 2017 / 11:31 AM / a month ago

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

CAIRO, Nov 12 (Reuters) - Average yields on Egypt’s three- and nine-month treasury bills rose at an auction on Sunday, central bank data showed.

Yields on the 91-day bills rose to 18.470 from 18.387 percent at the last sale, while yields on the 273-day bills rose to 17.834 from 17.714 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 Arwa Gaballa; Editing by Robin Pomeroy)

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