Foreigners bought EGP 6.6 bn worth of treasuries on Thursday, yields drop

Foreigners bought EGP 6.6 bn worth of six-month and one-year treasury bills in Thursday’s action, the head of public debt at the Finance Ministry, Sami Khallaf, told Reuters. The average yields on the 182-day bills decreased to 20.441% from 20.661% at the previous auction, with the yields on the 357-day bills dropped to 20.494% from 20.588% previously, the newswire said.