Markets

Average yields fall on Egypt's six-month, one-year T-bills

Published October 19, 2017 Updated October 19, 2017 04:00pm

The yield on the 182-day bill dipped to 18.913 percent from 18.951 percent at the last similar auction, and the yield on the 357-day bill fell to 17.853 percent from 17.985 percent.

Demand for Egypt's domestic debt has grown since the central bank raised key interest rates by a total of 700 basis points from last November after floating the pound currency.

 

Copyright Reuters, 2017