Cairo – Mubasher: Egypt’s Ministry of Finance reported higher yields on three-month and nine-month treasury bills at Sunday’s auction, according to online data.
The average yield on the 93-day bill rose to 14.154% from 14.089 % at the last auction.
The yield on the 266-day bill rose to 15.884% from 15.730% a week ago.
This is considered the first rise in yields after the International Monetary Fund initially agreed to grant Egypt a $12 billion three-year loan.
During August 2016, Egypt plans to issue EGP 121.25 billion in treasury bills and bonds..
