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Markets

Yield rises at Egypt 266-day T-bill auction

Published February 12, 2012 Updated February 12, 2012 11:50am

 CAIRO: The yield on Egyptian treasury bills rose at an auction on Sunday, and the central bank sold the entire 3.5 billion Egyptian pounds ($549.5 million) worth it had asked for, the Finance Ministry said.

The average yield on the 266-day treasury bills rose to 15.923 percent from 15.802 percent at the last issue on January 24.

The central bank sells the bills on behalf of the Finance Ministry.

Copyright Reuters, 2012
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