Business & Finance

Yield rises at Egypt 273-day T-bill auction

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The average yield edged high to 15.859 percent from 15.825 percent at the last issue on May 29. The bank sold 3 billion Egyptian pounds ($497 million) of 273-day T-bills, the same amount it had offered.

The central bank sells the bills on behalf of the Finance Ministry.

Copyright Reuters, 2012