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Yield edges down at Egypt T-bill auction Central bank manages to sell off LE3.5 billion in T-bills on Thursday despite slight decreases in average yields
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 per cent, down from 14.923 per cent at the last week's auction. The bank sold bills worth LE3.5 billion ($580.27 million). The average yield on 364-day T-bills was 15.954 per cent, down from 15.965 at the last issue on 21 February. The central bank succeeded in selling all LE3.5 billion worth of T-bills on offer. Egypt's central bank sells the bills on behalf of the finance ministry.