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Average yields rise on Egypt's 3- and 9-month T-bills
December 3, 2017 / 1:16 PM / 11 days ago

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

CAIRO, Dec 3 (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 19.171 percent from 18.869 at the last sale a week earlier, while yields on the 266-day bills rose to 18.746 percent from 18.283.

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 Eric Knecht)

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