Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) on Monday said that yield on five-year treasury bonds (T-bills) declined to its lowest level in 15 months or since June 2016, according to data released by the MoF.
The average yield of the five-year notes dwindled to 16.15%, and have been oversubscribed 4.5 times, the MoF posted on its official website.
Similarly, the average yield of the 10-year notes fell to 16.15 % and have been covered 3.4 times, the MoF added.
Earlier on Monday, the MoF said it was planning to issue T-bills worth EGP 1.5 billion.
