By Mohamed Samir
Treasury bill rates fall at latest auction. Central bank acceptis bids for the amount it was seeking.
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)For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.