Yield edges down at Egypt T-bill auction

The average yield on 182-day and 364-day Egyptian treasury bills inched down at an auction on Thursday and the central bank sold all the bills it was offering, the bank said..

The average yield on the 182-day T-bills was 14.89 percent, down from 14.923 percent at the last week's auction. The bank sold bills worth 3.5 billion Egyptian pounds ($580.27 million).

The average yield on 364-day T-bills was 15.954 percent down from 15.965 at last issue on Feb 21, it sold also the 3.5 billion it had offered.

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