CAIRO: Average yields at an auction of LE 5.5 billion in domestic treasury bills rose on Sunday, and not all the bills initially offered were sold, the central bank said.
Traders said demand for Egyptian treasury bills, especially by foreign investors, had tumbled since the protests that ousted President Hosni Mubarak erupted on January 25.
The central bank sold only LE 3 billion of 273-day T-bills after having originally offered LE 3.5 billion. The average yield jumped to 12.162 percent from 11.657 percent at the last auction on Feb 7.
The central bank sold all LE 2 billion in 91-day T-bills it offered, with the average yield climbing to 11.097 percent from 10.941 percent at an auction last week.
