Yields on treasuries fall on Thursday

Average yields on Egypt's one-year and six-month treasury bills dropped at an auction on Thursday, according to Reuters. The 182-day treasury bills dropped to 18.657% from 20.015% at the previous auction, and the yield for the 357-day treasury bills eased to 18.549% from 19.922% in a similar auction, the newswire reports.Al Borsa says foreigners bought 35.4% of the volumes on offer on Thursday after reducing their volumes significantly in the past three weeks as the EGP gained strength. Arabs and non-Arab foreigners were also net buyers on the EGX on Thursday.