Egypt sells 5 bln Eg pounds in T-bills, yields rise

Egypt's central bank sold 5 billion Egyptian pounds ($837.55 million) in domestic treasury bills on Sunday, the same amount it had offered, the Finance Ministry said.

The central bank sold 1.5 billion pounds of 91-day T-bills on behalf of the ministry. The average yield rose to 12.298 percent from 12.242 percent at last week's auction.

It also sold 3.5 billion pounds of 273-day T-bills and the average yield rose to 13.84 percent from 13.625 percent at the last issue on Oct. 18.