12032016Sat
Last update: Sat, 03 Dec 2016 12am

Middle East & Africa

Markets - Fixed Income - Middle East & Africa

Egypt cancels 1.5 and 3 year bond auctions, 7-year bond yields rise CAIRO: Egypt cancelled its 18-month and three-year bond auctions on Monday and yields on its seven-year bond rose, data from the central bank showed. The yields on the seven-year bond stood at 17.521 percent compared with 17.291 at the last similar sale, held on July 11. The central bank did not give a reason for the cancellations, but one banker said the bids submitted were likely considered too high. Yields on Egyptian government debt have been rising since the central bank raised its key interest rates by 100 basis points last month to their highest level in years to rein in inflation and stabilise the currency. Egypt's Monetary Policy Committee is due to make its next policy rate decision on Thursday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Kenya 364-day, 182-day t-bill yields rise at latest sale NAIROBI: The weighted average yield on Kenya's 182-day Treasury bills rose to 10.205 percent at an auction on Wednesday from 9.914 percent last week, the central bank said. At the same sale, the yield on the 364-day Treasury bills jumped to 11.027 percent from 10.869 percent last week, the bank added. It received bids worth a total 17.18 billion shillings for the 12 billion shillings it had offered.It accepted 17.06 billion shillings. The bank will ...

Markets - Fixed Income - Middle East & Africa

Nigeria to sell 94 bln naira in Treasury bills LAGOS: Nigeria plans to raise 94 billion naira ($330 million) in short-dated Treasury bills with 3-month to 1-year maturities on July 6, the central bank said on Tuesday. The bank said it will raise 19 billion naira of the 3-month debt, 25 billion of the 6-month and 50 billion of the 1-year. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields drop on Egypt's 91-day, 273-day T-bills CAIRO: Yields on Egypt's three-month and nine-month treasury bills declined at an auction on Sunday, data from the central bank showed. The average yield on Egypt's 91-day bill dropped to 13.960 percent from 14.051 percent at the last sale on June 19. The yield on the 273-day bill dipped to 15.087 percent from 15.118 percent at a similar auction a week ago. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yield on Kenya's 182-day T-bill slips at auction NAIROBI: The weighted average yield on Kenya's 182-day Treasury bill slipped to 9.239 percent at auction on Wednesday compared to 9.545 percent last week, the central bank said. The yield on the 364-day T-bill was barely changed at 10.737 percent compared with 10.734 percent last week. The bank offered bills worth a total 12 billion shillings ($118.58 million) and received bids worth 14.2 billion shillings. It accepted bids worth 13.72 billion shillings. Next week, the ...

Markets - Fixed Income - Middle East & Africa

Yields rose on Egyptian debt at Monday's auction CAIRO: Yields on the Egyptian government's five year bonds rose at an auction on Monday. The average yield on the five-year bond rose to 16.512 percent from an average of 15.684 percent at the previous auction on June 6. Copyright Reuters, 2016 ...

Markets - Fixed Income - Middle East & Africa

Yields on Nigeria's local-currency bonds rise at auction LAGOS: Yields on Nigeria's naira-denominated bonds rose across the board at an auction on Wednesday, where about 112 billion naira ($563 million) worth of paper maturing in 2036, 2026 and 2020 was sold, the Debt Management Office (DMO) said on Thursday. The office said it had sold 50 billion naira of 2036 paper at 14.98 percent at Wednesday's auction, compared with 13.90 percent at the previous auction last month. It also sold 40 billion naira ...