Yields on Egyptian T-bills fall at Thursday's auction

CAIRO: The average yield on Egyptian 182-day treasury bills fell at an auction on Thursday, figures released by the central bank showed.

The average yield on the T-bills for issue on Feb. 26 slipped to 13.342 percent from 13.419 percent at the previous auction on Feb. 19. The central bank, which holds the auctions on behalf of the Finance Ministry, sold 182-day bills worth 2.5 billion Egyptian pounds.

It also sold 364-day bills worth 4 billion Egyptian pounds, the same amount it offered, at an average yield of 13.9 percent.