Average yields rise on Egypt’s 3- and 9-month treasury bills, says c.bank

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 18.625 percent from 18.470 percent at the last sale, while yields on the 266-day bills rose to 18.015 from 17.834 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. Source: Reuters