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Egypt sells more dollar T-bills than it sought

Central Bank of Egypt

Egypt's central bank said it sold $526 million in one-year U.S.-dollar-denominated treasury bills on Tuesday, more than the $500 million it originally sought.

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June 19, 2012 5:30 by



Egypt’s central bank said it sold $526 million in one-year U.S.-dollar-denominated treasury bills on Tuesday, more than the $500 million it originally sought.

The weighted average yield edged up to 3.715 percent from 3.706 percent at the last issue on May 15.

The central bank received bids worth $890 million, with yields on the accepted bids ranging from 3.7 to 3.73 percent.



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