Thursday, 15 March 2012 20:29
Posted by Shoaib-ur-Rehman Siddiqui
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 ...
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NAIROBI: Kenya's one-year Treasury bond yield is expected to fall further at an auction this week thanks to heavy subscription which would allow the central bank, keen to bring down the cost of domestic borrowing, to reject less favourable bids.
The Central Bank of Kenya will auction the new one-year bond worth up to 10 billion shillings ($120 million), whose coupon will be set by the market at its sale on March 20.
Fixed income analysts said ...
CAIRO: Egypt's central bank sold 1 billion Egyptian pounds ($165.7 million) in reopened seven-year bonds at an auction on Monday, the same amount it had originally sought, the finance ministry said on its website.
Yields on the bonds ranged from 16.83 to 16.9 percent, with an average yield of 16.88 percent, down from 16.91 percent at an auction of seven-year bonds on March 5.
The bonds mature on Oct. 25, 2018, and carry a 14.5 percent coupon. ...
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 ...
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 ...
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 ...
