The return on Egyptian treasury bills continued to record record levels, coinciding with the decline in the value of the pound to levels exceeding 50 against the dollar, bringing the return on 3-month bills to 31.42% in Sunday’s bid, compared to 31.2% in the previous bid.
Today, on behalf of the Ministry of Finance, the Central Bank of Egypt sold 3-month treasury bills for about 52.75 billion pounds, about 35% more than the liquidity targeted to be collected, amounting to 35 billion pounds, according to data on the bank’s website.
Investors submitted purchase orders worth about 78.56 billion pounds, with a return rate of 34%.
