| Kippreport.com

Yields fall on 6 billion pounds of Egyptian treasury bills

July 5, 2012 5:45 by Reuters

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.

Tags: Central Bank, declined yield, Egypt, Ministry of Finance, treasury bills