Egyptian 91-day bond yields ease

Treasury bill rates fall at latest auction. Central bank acceptis bids for the amount it was seeking.
Egyptian 91-day bond yields ease
By Mohamed Samir
Sun 01 Mar 2009 10:04 PM

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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