Yields on Egypt's T-bills rise for second week

CAIRO: Yields on Egyptian treasury bills climbed at an auction on Sunday, their second weekly rise since security forces broke up a sit-in of supporters of deposed Islamist President Mohamed Mursi.

The average yield on 91-day treasury bills increased to 11.613 percent from 11.444 percent at last week's auction, the central bank said.

The yield on 273-day treasury bills rose to 12.672 percent from 12.413 percent at the Aug. 18 auction.

The central bank sold 2 billion Egyptian pounds ($286 million) of the 91-day bills and 4 billion pounds of the 273-day bills, the amounts it had asked for.

Hundreds of people were killed when the pro-Mursi sit-ins were dispersed on Aug. 14 and in subsequent protests.