Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the Central Bank showed. The average yield on Egypt's 182-day bill rose to 11.577% from 11.405% at the previous auction, held on 24 December. The 357-day bill also rose to 11.624% from 11.607% at a similar auction on 24 December auction. Yields on government debt have indeed risen since the Central Bank of Egypt (CBE) hiked policy rates by 50 basis points on 24 December, but the increase has been well below the 50 bps indicating that high level of liquidity, mostly at public banks, managed to minimise the impact on the government borrowing costs. (Reuters, Mohamed Abu Basha)