Mubasher: The returns on the Egyptian government’s treasury bonds rose on Monday’s auction, according to the data of the ministry of finance (MoF).
According to the ministry, returns on the 5-year bonds increased to 17.185% from 16.718% in last auction.
Meanwhile, returns on the 10-year bonds went up to 17.278% from 17.112% on 19 December.
On Wednesday’s auction, returns on treasury bills increased to nearly 20%.
The Central Bank of Egypt (CBE) announced earlier that it will issue treasury bonds set to mature in 5 and 10 years.
The Egyptian finance ministry estimates the total budget deficit for the fiscal year 2016-2017 to be around EGP 319.46 billion.
