Egyptian 91-day bond yields ease

EGYPTIAN BONDS: Yields ease at latest central bank auction. (Getty Images)

The average yield on Egyptian 91-day treasury bills fell a fraction to 10.355 percent at an auction on Sunday, compared to 10.511 percent at last week's auction.

The central bank said it accepted bids for bills worth 500 million Egyptian pounds ($89 million), the same amount it was seeking.

It accepted bids at rates between 10.099 and 10.5 percent, compared to a range of 10.449 to 10.859 percent at the previous auction.

The bills are for issue on March 3 and will mature on June 2, 2009. (Reuters)

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