Yields eases at Egypt 91-, 273-day T-bill auction

CAIRO: Average yields declined on treasury bills auctioned by Egypt's central bank on Sunday, the Ministry of Finance said.

The yield on 273-day T-bills slipped to 15.794 percent from 15.8 37 percent at the last auction on A ug. 15, and the bank sold all 4 billion Egyptian pounds ($656.14 million)of bills it had sought.

The yield on 91-day bills eased to 14.15 percent from 14.227 percent at last week's issue. All 1 billion Egyptian pounds on offer were sold.

The central bank sells the bills on behalf of the finance ministry.