Yield on Egyptian dollar-denominated T-bill slips

By Kitco News / February 12, 2018 / www.kitco.com / Article Link

CAIRO, Feb 12 (Reuters) - The average yield at auction on Egyptian one-year dollar-denominated treasury bills fell to 3.295 percent on Monday from 3.346 percent at the previous sale on Jan. 8, the central bank said.

The bank accepted bills worth $1.075 billion.

Appetite for Egypt's domestic debt has grown since the central bank devalued the pound currency in November 2016 as part of a deal for a $12 billion International Monetary Fund loan.


(Reporting by Patrick Werr; editing by John Stonestreet)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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