Egypt’s USD debt catches the attention of investors and the international press

Egypt’s USD debt attracted renewed investor interest as traders returned after a US bond market holiday, Bloomberg wrote. Egypt and Argentina saw their high-yield spreads over treasuries narrow by three basis points despite global uncertainties driven by Trump’s tariff threats and China’s economic slowdown.

PLUS- A US judge described former Capital One banker Pierre Girgis an “accidental spy” in a case that acquitted the dual US-Egyptian national of jail time, Bloomberg reports. Girgis was accused of seeking confidential American law enforcement information on critics of the Egyptian government, which Girgis’ lawyer successfully painted as a “misguided effort to try to promote security” in the Egyptian expat community in the US.