CAIRO: The average yield on Egyptian 182-day Treasury bills fell to 10.177 percent at an auction on Sunday from 10.306 percent at last auction on May 2.
The central bank accepted bids worth LE1 billion ($178 million), the same amount it was seeking.
It accepted bids at rates between 10.050 and 10.229 percent compared to a range of 10.101 to 10.351 percent at the previous auction. The bills are for issue on May 18 and mature on Nov.16, 2010.
On the same day, the average yield on Egyptian 91-day Treasury bills fell a fraction to 10.074 percent at an auction, compared with 10.091 percent at last week’s auction.
The central bank accepted bids for bills worth LE 1 billion ($178 million), the same amount it was seeking.
It accepted bids at rates between 9.952 and 10.171 percent, compared with 9.8 and 10.238 percent at the previous auction.
The bills are for issue on May 18 and mature on Aug. 17.
