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Egyptian treasury bill yields jump to four-month high CAIRO: Egyptian 91-day and 266-day treasury bill yields jumped to their highest in more than four months on Sunday as demand for government securities declined amid expectations of a central bank interest rate cut in the next quarter.The average yield at a sale of 2 billion Egyptian pounds ($285.41 million) of 91-day bills rose to 10.637 percent, its highest since November 26, from 10.423 percent at the last such auction on April 27.The yield at a 3.5 billion pound sale of 266-day bills rose to 11.161 percent, the highest since November 26, from 10.859 percent at a similar auction of 273-day t-bills on April 27."I believe in the coming period we will have a cut in corridor rates, maybe next monetary policy meeting or the one after," one fixed-income trader said."So I think that the uptrend we are seeing is just something temporary and will stabilise," he added.Last week yields ...

Kenya Treasury bills seen easing, subscriptions to rise NAIROBI: The yields on Kenyan Treasury bills are likely to ease slightly next week, with subscription rates expected to stay high due to increased shilling liquidity in the money markets. Next week, the central bank will auction 9 billion shillings' ($103.57 million) worth of 91-day, 182-day and 364-day Treasury bills. At this week's sale on Wednesday, the weighted average yield on the 91-day bills rose slightly to 8.799 percent from 8.783 percent previously, while that ...
Morocco sees 2014 borrowing needs at 2.5bn euros TUNIS: Moroccan Finance Minister Mohamed Boussaid said on Tuesday Morocco's external borrowing needs this year will reach 2.5 billion euros to plug the deficit estimated at 4.9 pct of the gross domestic product (GDP).It is not clear, however, when the government will issue foreign bonds, the minister added on the margin of the Arab finance ministers meeting in Tunis. Last year Boussaid said Morocco may raise 1 billion euros in international bonds issue at the ...
Nigeria sells 166.57bn naira in T-bills, yields mixed LAGOS: Nigeria auctioned 166.57 billion naira ($1.01 billion) worth of treasury bills with maturities ranging between three months and one year on Wednesday, with higher yields on the three months and one year tenor, and slightly lower on the six-month paper. The central bank said on Thursday it sold 33.26 billion naira in 91-day treasury bills at 11.95 percent, slightly higher than 11.89 percent yield attracted at the previous auction on March 5. The regulator ...
Kenya 91-day Treasury bills yield at 9.011 NAIROBI: The weighted average yield on Kenya's benchmark 91-day Treasury bills fell to 9.011 percent at auction on Thursday from 9.189 percent last week, the central bank said. The bank said it received bids worth 10.5 billion shillings ($121.30 million) for the 3 billion shillings worth of securities on offer. It accepted offers worth 5.3 billion shillings. Next week, the central bank will offer 9 billion shillings worth of 91-day, 182-day and 364-day Treasury bills, ...
Nigeria sells 275bn naira in T-bills for higher yields LAGOS: Nigeria sold 275.09 billion naira ($1.68 billion) worth of treasury bills with maturities ranging between 3 months and one year on Wednesday, with higher yields on the six months and one year tenor, and slightly lower on the 3-month paper. The central bank said on Thursday it sold 22.97 billion naira in 91-day treasury bills at 11.89 percent, slightly lower than 11.9 percent yield attracted at the previous auction on Feb. 19. A total ...
Yields on short-dated Nigerian debt seen higher JOHANNESBURG: Nigerian Treasury bill yields are expected to rise next week as the central bank tightens liquidity to bolster the naira. In Kenya, T-bill yields are set to fall in line with slowing inflation. NIGERIA Yields on short-dated Nigerian fixed-income assets are seen inching up next week as the central banks tightens liquidity to shore up the naira. The currency of Africa's top crude-oil producer has been under pressure following last week's suspension of central ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln