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Egypt reduces size of treasury bill sale, yields rise
Central bank sells smaller amount of 273-day bills than planned, with yields above 15 per cent
Published in Ahram Online on 04 - 12 - 2011

Egypt's central bank sold LE5.125 billion in domestic treasury bills on Sunday, paring LE375 million from the amount it had offered, Egypt's Finance Ministry said.
The central bank sold LE2 billion of three-month T-bills, the same amount it had offered, on behalf of the ministry. The average yield rose to 14.348 per cent from 14.258 per cent at last week's auction.
It sold only LE3.125 billion of nine-month T-bills, instead of the LE3.5 billion it had asked for. The average yield rose to 15.084 per cent from 14.251 per cent at the last issue on 15 November.


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