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Middle East & Africa


Yield dips at Egypt 273-day T-bill auction        CAIRO: The average yield at an auction on Sunday of Egyptian 273-day treasury bills declined, and the central bank sold more than it originally offered, the Ministry of Finance said on its website. Yields have been edging down since Feb. 2 on optimism that the worst of Egypt's troubles may be over after a year of political and economic turmoil. The average yield edged slid to 15.829 percent from 15.886 percent at the last issue on March 6. The bank sold 4.5 billion Egyptian pounds ($745.9 million) of 273-day T-bills instead of the 3.5 billion pounds it had offered. The central bank sells the bills on behalf of the Finance Ministry. Copyright Reuters, 2012 ...

Yields edge down at Egypt T-bill auction        CAIRO: Average yields on Egyptian treasury bills inched down at a fully-subscribed auction on Thursday as investors continued to show optimism that the country would seal an emergency IMF loan and make a smooth transition to civilian rule, traders said. The average yield on 182-day T-bills was 14.819 percent, down from 14.867 percent at the last auction. Traders said investors were showing appetite for maturities offering the prospect of greater returns than shorter-term notes. The central bank ...
Nigeria auctions 150bn naira T.bills, yields mixed           LAGOS: Nigeria sold 150.09 billion naira ($953.56 million) worth of treasury bills this week at a regular debt auction with yields on the 91-day and 182-day bills falling, while the 364-day yield inched higher, the central bank said on Friday. The bank sold 42.97 billion of the 91-day treasury bill at a 14.18 percent marginal rate, down from 14.80 percent at the previous auction, the regulator said in a statement. It sold 50 billion ...
South Africa bond yields at 1 month highs, rand drags prices        JOHANNESBURG: The rand fell against the dollar on Tuesday, reflecting weakness in emerging market currencies as investors fret about the euro zone debt crisis and global growth, driving government bond yields to one-month highs even after a strong debt auction. The short to medium term outlook for the currency and bonds was seen as positive, however, as carry trades are expected to support the high-yielding rand while March bond coupon payments should find their way back ...
Egypt sells 1bn Egyptian pounds of 7-year bonds           CAIRO: Egypt's central bank sold 1 billion Egyptian pounds ($165.8 million) in reopened seven-year bonds at an auction on Monday, the same amount it had originally sought, the bank said. The yields on the bonds ranged from 16.80 to 16.93 percent. The bonds mature on Oct. 25, 2018, and carry a 14.5 percent coupon. Settlement will take place on March 6. Copyright Reuters, 2012 ...
Mauritius 364-day T-bill yield slips to 4.43pc        PORT LOUIS: Mauritius sold 300 million rupees ($10.3 million) worth of 364-day Treasury bills at auction on Monday at a weighted yield of 4.43 percent, down from the 4.46 percent at a previous sale on Feb. 27, the central bank said. The bank said it received bids worth 630 million rupees at yields ranging from 5.05 percent to 4.35 percent. Copyright Reuters, 2012 ...
South Africa bonds extend losses, market doubt budget targets        JOHANNESBURG: South African government bonds extended losses on Thursday as the market doubted that Finance Minister Pravin Gordhan's narrower budget deficit forecasts were achievable. The rand was slightly firmer but has been trapped in ranges, lacking momentum to move outside familiar levels. The National Treasury on Wednesday tabled a narrower than expected budget deficit of 4.6 percent of gross domestic product in the financial year ending March 2013 from a 4.8 percent shortfall in 2011/12. Bonds initially gained ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln