Yields jump at three- and nine-month T-bills auctions on Sunday; foreigner holdings down to USD168mn
The average yield on the 91-day treasury bill rose to 22.523% at Sunday auction from 20.951% at the previous auction, while average yield on the 273-day bill rose to 22.444% from 21.155%. The maximum yields were 22.990% and 22.729%, respectively. Accepted bids were cEGP6.5bn and EGP6.8bn, respectively, representing 110% and 100% of the required amounts, but only 61% and 48% of the submitted bids. Foreign participation in the auctions amounted to EGP3bn (USD168.26mn), down from EGP9.1bn on Thursday and EGP8.5bn on Sunday 02 June, Head of Public Debt at the Finance Ministry, Sami Khallaf, said.
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