05282016Sat
Last update: Sat, 28 May 2016 12pm

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield slips to 7.711pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 7.711 percent at auction on Thursday from 7.998 percent last week, the central bank said. The bank said it received bids worth 10.21 billion shillings ($101.49 million) for the 4.00 billion shillings of bills offered. It accepted bids worth 7.28 billion shillings.Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Nigeria bond yields fall as traders buy debt after FX shift LAGOS: Yields on Nigeria's government bond fell across maturities on Wednesday as traders bought debt to cover their positions, a day after the central bank kept interest rates on hold but pledged a flexible currency policy to lure back foreign investors. On Tuesday, the central bank said it would adopt a flexible exchange rate policy, a shift from a peg for the naira seen as overvalued, which had hampered growth and investment. Bond yields fell ...

Markets - Fixed Income - Middle East & Africa

Egypt's 91-day, 266-day T-bill yields rise at Sunday's auction CAIRO: The yields on Egypt's three-month and nine-month treasury bills rose at an auction on Sunday, central bank data showed. The average yield on Egypt's 91-day bill rose to 12.949 percent from 12.836 percent at the last sale on May 15. The yield on the 266-day bill rose to 14.125 percent from 13.981 percent at a similar auction a week ago. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield slips to 7.998pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 7.998 percent at auction on Thursday from 8.189 percent last week, the central bank said. The bank said it received bids worth 7.29 billion shillings ($72.47 million) for the 4.00 billion shillings of bills offered. It accepted bids worth 4.80 billion shillings. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields fall at sale of Kenyan 2-year, 9-year T-bonds NAIROBI: The weighted average yield on accepted bids at the auction of Kenya's two-year Treasury bond on Wednesday was 12.020 percent, compared with 15.760 percent at the last auction on Jan. 25, the central bank said. The yield on a nine-year Treasury bond was 13.339 percent at the same sale, compared with 14.753 percent at the previous auction on Dec. 14. Bonds worth a total of 30.0 billion shillings ($297.18 million) were offered, while total ...

Markets - Fixed Income - Middle East & Africa

Riding on the Dubai property roller coaster DUBAI: For more than 10 years Dubai property prices have been on a roller coaster, creating and wiping out fortunes, but recently they appear to have run out of steam.The Gulf emirate shot to prominence as an attractive real estate market after opening up special freehold zones for foreign buyers in 2002.Prices peaked in 2008, driven mainly by speculative investments, but later nosedived as finances dried up because of the global financial crisis, shedding half ...

Markets - Fixed Income - Middle East & Africa

Egypt's yields on 91-day, 266-day T-bills rise at auction CAIRO: Yields on Egypt's three-month and nine-month treasury bills rose at auction on Sunday, central bank data showed. The average yield on Egypt's 91-day bill rose to 13.350 percent from 12.914 percent at the last sale on April 17. The yield on the 266-day bill rose to 14.399 percent from 14.101 percent at a similar auction on April 17. Copyright Reuters, 2016 ...