Egypt sells treasury bills as yields fall
Cairo - Arabstoday
Egypt sold 2.5 billion pounds ($419 million) in three-month and nine-month treasury bills — the same amount it was seeking — at an auction yesterday in Cairo. The Ministry of Finance sold 91-day securities at an average yield of 11.907 per cent, down 9 basis points, or 0.09 percentage point, from the previous auction of the same maturity, according to central bank data on Bloomberg. The ministry also sold 259-day securities at an average yield of 12.912 per cent, down 3 basis points from the previous sale of nine-month bills, the data show.
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