CAIRO: The average yields on Egypt's six-month and one-year treasury bills were mixed at an auction on Thursday, data from the central bank showed, as foreign purchases of Egyptian debt continued to grow.
The average yield on the 182-day bill rose to 21.150 percent from 21.032 percent at the last sale on July 2, while the yield on the 364-day bill dropped to 20.981 percent from 21.047 percent in a similar auction.
Appetite for Egypt's domestic debt has increased since the central bank floated the pound currency in November as part of an International Monetary Fund loan agreement aimed at reviving the economy.
Foreign holdings in Egyptian government securities reached 180.7 billion Egyptian pounds ($10.13 billion) as of July 4, the head of public debt at Egypt's Finance Ministry, Sami Khallaf, said.
Egypt attracted $9.8 billion in foreign investment in domestic debt instruments in the 2016-2017 fiscal year that ended in June, compared to $1.1 billion the previous year, the finance ministry said this week.
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