CORRECTED-Average yields rise on Egypt's 6-month, one-year T-bills -c.bank

By Kitco News / January 03, 2018 / www.kitco.com / Article Link

(Changes "last year" to "2016" in third paragraph)

CAIRO, Jan 3 (Reuters) - Average yields on Egypt's six-month and one-year treasury bills rose at an auction on Wednesday, data from the central bank showed.

The yield on the 182-day bill rose to 19.140 percent from 18.990 percent at the last similar auction, and the yield on the 364-day bill rose to 18.186 percent from 17.689 percent at a similar sale.

Egypt has raised key interest rates by 700 basis points since it floated the currency in November 2016, encouraging investors to buy its debt.


(Reporting by Arwa Gaballa)

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