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.
- Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership
- Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai
- Egyptian economic experts predict inflation rate will continue to climb
- Shoura Council: Expats cannot buy property in Mecca, Medina, Riyadh
- Tensions increase between Egypt, Italy over renewable energy projects
- Egyptian T-bill yields continue rise ahead of protests
- Unpopular Egyptian central bank decision increases yields on treasury bills
- Air Arabia second quarter 2014 net profit rises 128% to AED 173 million
- Global Expands in Egypt Acquires two Leading Financial Companies
- The Economy And Financial Markets Still Require The Fed's Help