Egypt T-bill yields slip at Sunday auction

CAIRO: Egyptian three- and nine-month treasury bill yields edged down at an auction on Sunday, and the central bank said it sold fewer of the bills than it had offered.

The average yield on 91-day treasury bills slipped to 13.963 percent from 14.008 percent at last week's auction, while that on 273-day T-bills declined to 14.669 percent from 14.693 percent, the central bank said.

The bank said it had sold 2.44 billion pounds' ($349 million) worth of the 91-day T-bills and 3 billion pounds of the 273-day bills.