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Yields on Egyptian T-Bills inch up at auction - Daily News Egypt

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Yields on Egyptian T-Bills inch up at auction

Reuters – Yields on Egyptian treasury bills rose at an auction on Thursday and the central bank sold all the debt it had offered. The average yield on 182-day treasury bills increased to 11.174 percent at Thursday’s auction from 11.133 percent last week, the central bank said. The yield on 357-day T-bills edged up to …


Reuters – Yields on Egyptian treasury bills rose at an auction on Thursday and the central bank sold all the debt it had offered.

The average yield on 182-day treasury bills increased to 11.174 percent at Thursday’s auction from 11.133 percent last week, the central bank said. The yield on 357-day T-bills edged up to 11.279 percent from 11.229 percent.

The bank sold 2.5 billion Egyptian pounds ($362.91 million)of the 182-day T-bills and 4 billion pounds of the 357-day bills, the amounts it had offered. ($1 = 6.8888 Egyptian pounds)

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  • Ahmed Bata

    That’s crazy yield on such short term notes.

    • Illuminati

      Well, knowing you could be better off buying junk grade corporate bonds, i hardly see an investor taking these in for less than 11%

      • Ahmed Bata

        well, to get that rate in high yield corporate bond, you need a leveraged portfolio with medium term maturity (4 yrs or so). Are you with citadel capital? if so, my sis used to work for u.

        • Illuminati

          I know of Citadel, but I work overseas in Currency Trading, so money market and bond yields are a topic of interest.

https://dailynewsegypt.com/2013/11/07/yields-on-egyptian-t-bills-inch-up-at-auction/
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