Yields decrease on Egypt T-bills

CAIRO: Average yields declined at an auction of 6 billion Egyptian pounds ($989.6 million) of 91-day and 266-day treasury bills on Sunday, the finance ministry said.

The average yield on the 91-day T-bills was 14.372 percent, down from 14.498 percent at last week's auction. On the 266-day bills it was 15.696 percent, down from 15.905 percent at the last issue on June 19.

The central bank, which sells the bills on behalf of the Finance Ministry, sold the same amount it had offered.