Business & Finance
Egypt sells fewer T-bills
CAIRO : Egypt 's central bank sold fewer 91-day treasury bills than it offered at an auction on Sunday after yields ros
By
CAIRO: Egypt's central bank sold fewer 91-day treasury bills than it offered at an auction on Sunday after yields rose from last week.
The bank sold 1 billion Egyptian pounds ($167.6 million) of 91-day bills at an average yield of 12.112 percent, up from 12.095 percent at last week's auction. It had asked for bills worth 2 billion pounds.
It also sold 1.5 billion pounds of 273-day T-bills after having offered 3.5 billion pounds. The average yield dipped to 12.887 percent from 12.944 percent at the last issue on June 21.
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.