Egypt 357-day T-bills average yield up to 10.610 pct

Reuters
1 Min Read

CAIRO: The average yield on Egyptian 357-day treasury bills rose slightly to 10.610 percent at an auction on Thursday from 10.547 percent at the last auction on Sept. 2.

The central bank said it accepted bids for bills worth LE 3 billion ($526 million), the same amount it was seeking.

It accepted bids at rates of between 10.5 percent and 10.64 percent, versus 10.4-10.58 percent last month. The bills are for issue on Sept 28 and mature on Sept 20, 2011.

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