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English news

15-Mar-2016

Egypt's 5-year, 10-year Treasury bond yields jump at Monday's auction

Egypt's 5-year and 10-year Treasury bond yields jumped at Monday's auction, data from the central bank showed, hours after the central bank devalued the pound in a special foreign currency auction, as bankers expect an imminent rate hike. The yield on the 5-year Treasury bond jumped to 15.050% from 13.655% at the last auction on 15 Feb. The yield on the 10-year Treasury bond jumped to 17.099% from 15.999% at the last auction on 29 Feb. (Reuters)

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