Yields rise at Egyptian T-bond sale

CAIRO: The average yield on Egypt's three- and seven-year treasury bonds rose at an auction on Monday continuing a recent trend, central bank data showed.

The average yield on the three-year bonds rose to 15.467 percent on Monday from 15.097 percent at the last auction, on Oct. 2. Seven-year bond yields rose to 15.501 percent from 15.220 percent.

Appetite for Egypt's domestic debt has increased since November when the central bank floated the pound currency. Since then Egypt has lifted key interest rates by 700 basis points.