Egypt's financial paradox continues: T-bills yield positive results
The average yield on 91-day treasury bills increased to 11.613 percent from 11.444 percent at last week's auction, the central bank said.
The yield on 273-day treasury bills rose to 12.672 percent from 12.413 percent at the Aug. 18 auction.
The central bank sold 2 billion Egyptian pounds ($286 million) of the 91-day bills and 4 billion pounds of the 266-day bills, the amounts it had asked for.
Hundreds of people were killed when the pro-Mursi sit-ins were dispersed on Aug. 14 and in subsequent protests.
- No sun on MENA's economic horizon? How today's political turmoil is crushing region's future edge in the global economy
- Why Egypt's army is bad at doing business
- Saudi Arabia's mass deportations reveal the horrifying reality awaiting Yemenis sent home
- Wiil they now be blamed for 'child unemployment'? Syrian minors now constitute majority of Jordan's working children
- Is MENA up to meeting the demand of creating 40 million new jobs?