Cairo – Mubasher: Returns on the Egyptian government’s treasury bills declined in Sunday’s auction, for the second week in row, according to date released by the Ministry of Finance (MoF).
The return on the 91-day bills went down to 17.744% compared to 18.028% in last week’s auction.
Similarly, the return on the 266-day bills also decreases to 17.610% from 18.715%.
On 3 November, the Central Bank of Egypt (CBE) decided to float the Egyptian pound and to raise interest rates by 300 basis points.
