08252016Thu
Last update: Thu, 25 Aug 2016 05am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Yields on Uganda's 3-year Treasury bond falls at auction KAMPALA: The yield on Uganda's three-year Treasury bond fell while the yield on the 10-year bond climbed at auction on Wednesday where a combined total of 150 billion shillings ($44.91 million) worth of debt was on offer.The weighted average yield on the three-year bond declined to 17.420 percent, compared with 18.619 percent at the last sale on February 25.The rate on the ten-year bond climbed to 17.631 percent from 16.991 percent at the last auction on March 23.Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Kenya to sell two-year, 15-yr T-bonds worth 30bn shillings in June NAIROBI: Kenya will sell two-year and 15 year Treasury bonds worth up to 30 billion shillings ($297.32 million) this month to support the budget, the central bank said on Sunday. The bank said it will receive bids for the bonds between June 5 and June 14, and auction it on June 15. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

South Africa's rand firms as US data soothes risk aversion JOHANNESBURG: South Africa's rand firmed for a third consecutive session against the dollar on Thursday as global investors became less adverse to risk after U.S. data cooled expectations of an interest rate hike by the Federal Reserve.By 0650 GMT that rand had gained 0.29 percent to 15.5585 per dollar, pushing past technical resistance around 15.6500 and opening the door for further gains before Friday's ratings decision by Standard & Poor's.Data on Wednesday showed that U.S. ...

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 ...