Egyptian dollar bonds issued by the government slipped on Monday and the currency slipped in forward markets after protests erupted in several cities over the weekend.
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The 2049 dollar issue fell 3.1 cents to 106.1 cents in the dollar, the lowest in a month, while the 2040 issue dropped 1.9 cents to 96.7 cents in the dollar, according to Refinitiv data.
In non-deliverable forward (NDF) markets, the Egyptian pound weakened to the U.S. dollar, with one year NDFs pricing the pound at 18.36 to the dollar, versus a spot exchange rate of 16.26 pounds.
