People walk in front of the Central Bank of Egypt's headquarters at downtown Cairo, Egypt, November 3, 2016 - REUTERS/Mohamed Abd El Ghany People walk in front of the Central Bank of Egypt's headquarters at downtown Cairo, Egypt, November 3, 2016 - REUTERS/Mohamed Abd El Ghany

Average yields rise on Egypt's 6-month, one-year T-bills: c.bank

Thu, Dec. 28, 2017
CAIRO - 28 December 2017: Average yields on Egypt’s six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed.

The yield on the 182-day bill rose to 18.990 percent from 18.743 percent at the last similar auction, and the yield on the 357-day bill rose to 17.689 percent from 17.580 percent at a similar sale.

Egypt has raised key interest rates by 700 basis points since it floated the currency in November last year, encouraging investors to buy its debt.

The central bank is set to meet later on Thursday to decide on overnight rates.
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