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Egypt: Average yields fall on Egypt's five- and 10-year T-bonds
Source: 8/28/2017

Average yields on Egypt’s five- and 10-year treasury bonds fell at an auction central bank data showed.

The average yield on the five-year bonds fell to 16.749 percent from 17.001 percent at the last similar auction on Aug. 14. The yield on the ten-year bonds fell to 16.750 percent from 17.130 percent.

Appetite for Egypt’s domestic debt has increased since November when the central bank floated the pound currency as part of a $12-billion International Monetary Fund programme aimed at boosting the economy.

The central bank has raised interest rates by 700 basis points since the float.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

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