Yield edges down at Egypt T-bill auction

The average yield on 273-day Egyptian treasury bills inched down at an auction on Sunday, and the central bank sold all the bills it was offering, the Finance Ministry said on its website.

The average yield on the T-bills edged down to 15.906 percent from 15.915 percent at the last issue on Feb. 7, the bank said. It sold bills worth 3.5 billion Egyptian pounds ($589.8 million).

The central bank sells the bills on behalf of the Finance Ministry.