Business & Finance
Egypt T-bill yield rises
CAIRO : Egypt central bank reduced the amount of 266-day treasury bills sold at an auction on Sunday as their yields i
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The average yield on the bills rose to 15.802 percent from 15.386 percent at the last issue on Jan 10. The bank sold bills worth 1 billion Egyptian pounds ($165.5 million) instead of the 3.5 billion pounds it had originally offered. The central bank sells the bills on behalf of the Finance Ministry. Copyright Reuters, 2012
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