Business & Finance

Egypt cancels 5-year T-bond issue, 10-year bond yield jumps

Published February 29, 2016 Updated February 29, 2016 03:00pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

CAIRO: Egypt cancelled Monday's 5-year treasury bond issue, while the average yield on the 10-year bond jumped more than 21 basis points, the Finance Ministry said on Monday.

The average yield on the 10-year bonds sharply rose to 15.999 percent on Monday from 15.788 percent in the previous auction on Feb. 15.

Read Comments