The average yield on the 90-day T-bill jumped to 19.056% at Sunday's auction from 14.594% at a similar auction on 23 October. The yield on the 266-day bills jumped to 20.367% from 16.842% previously. The spike in the yields come after the CBE hiked policy rates by 300bps on Thursday after floating the EGP and the government hiking fuel prices by 30-35%. Yields on bills, however, have increased by more than 300bps as the market reacts to the aggressive structural reforms adopted by the government and central bank. (Reuters and Mohamed Abu Basha)