{"id":601049,"date":"2019-02-18T04:10:11","date_gmt":"2019-02-18T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/"},"modified":"2019-02-18T04:10:11","modified_gmt":"2019-02-18T04:10:11","slug":"yields-plunge-at-government-t-bills-auction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/","title":{"rendered":"Yields plunge at government T-bills auction"},"content":{"rendered":"

Yields plunge at government t-bill auction:<\/b> Average yields on three-month and nine-month t-bills fell at the Central Bank\u2019s auction yesterday to 17.453% and 17.686%, respectively, from 18.202% and 18.543% at the last auction<\/a>, central bank data shows<\/a>. That said: The central bank sold only EGP 102.95 mn worth of three-month notes compared to a target of EGP 8.5 bn as investors demanded yields as high as 18.452%. It also sold EGP 9.3 bn worth of nine-month securities, exceeding the EGP 8.5 bn target. The auction was the first after the central bank\u2019s surprise interest rates cut<\/a> last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yields plunge at government t-bill auction: Average yields on three-month and nine-month t-bills fell at the Central Bank\u2019s auction yesterday to 17.453% and 17.686%, respectively, from 18.202% and 18.543% at the last auction, central bank data shows. That said: The central bank sold only EGP 102.95 mn worth of three-month notes compared to a target […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[102,72,2380,1041],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601049","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-capital-markets","tag-enterpriseam","tag-speed-round","tag-treasuries","wpautop","entry"],"acf":{"mongo_id":"4935c937-00c4-4a70-b3c4-a276357b90fb","is_powered_by":true,"section_story_id":"99a32410-7f8c-44b8-b27d-6e3f9978eb05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601036],"teaser":"","voice_url":""},"yoast_head":"\nYields plunge at government T-bills auction - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yields plunge at government T-bills auction\" \/>\n<meta property=\"og:description\" content=\"Yields plunge at government t-bill auction: Average yields on three-month and nine-month t-bills fell at the Central Bank\u2019s auction yesterday to 17.453% and 17.686%, respectively, from 18.202% and 18.543% at the last auction, central bank data shows. That said: The central bank sold only EGP 102.95 mn worth of three-month notes compared to a target […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-18T04:10:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Yields plunge at government T-bills auction\",\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"EnterpriseAM\",\"SPEED ROUND\",\"treasuries\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\",\"name\":\"Yields plunge at government T-bills auction - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yields plunge at government T-bills auction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yields plunge at government T-bills auction - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/yields-plunge-at-government-t-bills-auction\/","og_locale":"en_US","og_type":"article","og_title":"Yields plunge at government T-bills auction","og_description":"Yields plunge at government t-bill auction: Average yields on three-month and nine-month t-bills fell at the Central Bank\u2019s auction yesterday to 17.453% and 17.686%, respectively, from 18.202% and 18.543% at the last auction, central bank data shows. 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The government sold EGP 5.2 bn of 3-month T-bills in a Sunday auction out of EGP 9.25 bn targeted, CBE data shows. Average yields for the 3-month notes came at 17.899% \u2014 a marginal increase\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593140,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/central-bank-of-egypt-sells-usd-1-56-bn-in-1-year-usd-t-bills\/","url_meta":{"origin":601049,"position":1},"title":"Central Bank of Egypt sells USD 1.56 bn in 1-year USD T-Bills","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"CBE sells USD 1.56 bn in 1-year USD T-Bills: The Central Bank of Egypt (CBE) sold yesterday USD 1.56 bn in 1-year USD-denominated T-bills, official CBE data shows. The bills carry an average yield of 3.587%, falling slightly from 3.87% in the last similar auction in June, which saw Egypt\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570353,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/central-bank-of-egypt-sells-more-t-bills-than-target-for-the-first-time-in-months\/","url_meta":{"origin":601049,"position":2},"title":"Central Bank of Egypt sells more t-bills than target for the first time in months","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn of treasury bills in two auctions that sought to raise EGP 20 bn, according to the official data. The CBE sold EGP 12.42 bn of six-month bills in a EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596345,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/interest-rate-cut-could-save-egypts-coffers-egp-15-in-debt-service\/","url_meta":{"origin":601049,"position":3},"title":"Interest rate cut could save Egypt\u2019s coffers EGP 15 in debt service","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Last week\u2019s interest rate cut could save Egypt\u2019s coffers EGP 15 bn in debt service: The Finance Ministry could spend EGP 10-15 bn less on interest it owes to investors during 2Q FY2019\/2020 after the Central Bank of Egypt (CBE) last week cut benchmark rates by 150 bps, unnamed government\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593103,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/18\/t-bill-yields-fall-slightly-in-first-auction-after-rate-cut\/","url_meta":{"origin":601049,"position":4},"title":"T-bill yields fall slightly in first auction after rate cut","author":"enterpriseam admin","date":"18 November 2019","format":false,"excerpt":"T-bill yields fall slightly in first auction after rate cut: Yields on three-month and nine-month treasury bills fell yesterday in the first auction after the Central Bank of Egypt (CBE) cut benchmark interest rates by 100 bps. Official data yesterday showed that an auction of three-month t-bills fetched a yield\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594541,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/t-bill-yields-fall-in-first-post-rate-cut-auction\/","url_meta":{"origin":601049,"position":5},"title":"T-bill yields fall in first post-rate cut auction","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"T-bill yields fall in first post-rate cut auction: Average yields on 6-month and 1-year government T-bills fell to 16.521% and 16.263%, respectively, in the first auction since the Central Bank of Egypt cut interest rates by 150 bps earlier this month, CBE data showed. 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