Average yields rise on Egypt's 3- and 9-month T-bills

Average yields on Egypt’s three- and nine-month treasury bills rose at an auction on Sunday, central bank data showed.

Yields on the 91-day bills rose to 18.869 percent from 18.625 at the last sale, while yields on the 273-day bills rose to 18.283 percent from 18.015.

Appetite for Egypt’s domestic debt has grown since the central bank floated the pound currency a year ago. Since then, the CBE has raised key interest rates by 700 basis points.