Middle East & Africa
Thursday, 23 August 2012 18:53
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CAIRO: Yields rose at an auction of Egyptian treasury bills on Thursday, with the government selling 3.5 billion Egyptian pounds of 182-day and 364-day bills, the Central Bank of Egypt said.
The average yield on 2 billion pounds of 182-day bills maturing on Feb. 26, 2013, was 15.382 percent, up from 15.345 percent at last week's auction. The range of yields was 15.000-15.411.
On 1.5 billion pounds of 364-day bills sold, the average yield rose to 15.949 percent from 15.845 at the last auction weeks ago. The range of yields was 15.699-15.968.
The bank had originally sought 3.5 billion pounds in 364-day bills.
The central bank sells the bills on behalf of the Finance Ministry.
Copyright Reuters, 2012 ...
JOHANNESBURG: South Africa's power utility Eskom sold 300 million rand ($36.51 million) of its EL28 inflation-linked bond at a clearing yield of 2.17 percent, slightly down from a 2.195 percent yield previously.
The bid to cover ratio was 1 from 2.17 previously.
Copyright Reuters, 2012 ...
JOHANNESBURG: South Africa's rand weakened on Thursday while government bond yields climbed in line with global debt market trends amid a deterioriating inflation outlook due to rising oil and food prices rises.
However, the sell-off of local debt was partly off-set by steady demand from fund managers that track Citigroup's influential World Government Bond Index, which South Africa is set to join in October.
The yield on the heavily traded 14-year government bond rose four basis points ...
LAGOS: Nigeria plans to raise 75 billion naira ($472 mln) in local bonds with maturities of between five and 10 years at its regular auction on Aug. 15, the Debt Management Office (DMO) said on Friday.
The debt office said it would sell 25 billion naira apiece of five-, seven- and 10-year bonds with terms to maturity of four years and seven months, six years and nine months, and nine years and four months respectively. The ...
JOHANNESBURG: Offshore investors bought 6.2 billion rand ($750.07 million) worth of local bonds last week but sold a net 1.1 billion rand in equities, data from the JSE showed on Monday.
Below are tables outlining purchases, sales and net purchases for the week, for the same period in 2011, for the year-to-date and the corresponding year-to-date in 2011.
Copyright Reuters, 2012 ...
JOHANNESBURG: South African government bond yields fell to record lows and the rand weakened against the dollar on Thursday after the Reserve Bank cut its key lending rate, sounding a dovish tone on inflation and trimming its economic growth forecasts.
The Reserve Bank cut its key lending rate by 50 basis points to 5.0 percent, surprising the market. Only two out of 23 economists polled by Reuters had anticipated the cut.
Yields on the front end of ...
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