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Average yields on Egypt's five- and 10-year T-bonds rise


Reuters

CAIRO, July 17 (Reuters) - The average yield on Egypt's
five- and 10-year treasury bonds rose at an auction on Monday,
central bank data showed, amid an increased interest in Egyptian
debt among foreign investors.
    The average yield on the five-year bonds rose to 18.934 on
Monday from 18.349 at the last similar auction on June 19.
    The average yield on the 10-year bonds rose to 18.669
percent at an auction on Monday from 18.296 percent at the last
auction held July 2.
    Appetite for Egypt's domestic debt has increased since the
central bank floated the pound currency in November as part of
an International Monetary Fund loan agreement aimed at reviving
the economy.
    Egypt has raised interest rates by 700 basis points since
the float.

 (Reporting by Arwa Gaballa; Editing by Ahmed Aboulenein, Greg
Mahlich)
 ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))

Keywords: EGYPT TREASURY/BONDS



This article appears in: Politics , Fundamental Analysis , World Markets , Economy , US Markets , Bonds


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