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Yields fall on 6 billion pounds of Egyptian treasury bills

Egyptian

Yields declined on 6 billion Egyptian pounds ($990.9 million) in treasury bills sold at an auction on Thursday, the Ministry of Finance said.

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July 5, 2012 5:45 by



Yields declined on 6 billion Egyptian pounds ($990.9 million) in treasury bills sold at an auction on Thursday, the Ministry of Finance said.

The average yield on 2.5 billion pounds of 182-day bills sold by the central bank dipped to 15.421 percent from 15.532 percent at last week’s auction, while the yield on 3.5 billion pounds of 357-day bills slid to 15.871 percent from 15.907 percent.

The central bank, which sells the bills on behalf of the Finance Ministry, sold the same amounts it had originally offered.



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