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Average yields on Egypt's three- and seven T-bonds rise
July 10, 2017 / 10:41 AM / 5 months ago

Average yields on Egypt's three- and seven T-bonds rise

CAIRO, July 10 (Reuters) - The average yield on Egypt’s three-year bonds rose to 19.478 percent on Monday from 18.382 percent at the last auction on June 21, while the seven-year bond yield rose to 19.214 percent from 18.346 percent.

The central bank raised its key interest rates by 200 basis points last week for the second policy meeting in a row, confounding the expectations of economists who forecast rates were unlikely to change. (Reporting by Amina Ismail)

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