Yields fall on three-, nine-month T-bill auctions on Sunday, foreigners buy 17% of sale
The average yield on the 91-day treasury bill fell to 19.059% on Sunday from 19.080% at the last auction, while those on the 273-day T-bill fell to 18.978% from 19.004%. Foreign contributions in the sale amounted to EGP2.9bn (USD163.56mn, or 17% of sale), Head of Public Debt at the Finance Ministry, Sami Khallaf, said. Maximum yields were 19.151% and 19.100%, respectively. Accepted bids were EGP8.1bn and EGP8.6bn, representing the 120% and 118% of the required amounts, but only 62% and 50% of the submitted bids respectively.
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