CBE receives 38 bids to invest $966.9m in T-Bill auction
Growing value of gold reserves pushes FX reserves to its highest level at 2019-end
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Local, foreign financial institutions offer to invest $1.054bn in USD T-Bills
Interest rate highest at 3.35%, lowest at 3.32%, averaging 3.346%
The drop in T-bill yields at auctions reflects increasing foreign investor participation, Bank of America
In a study issued by Bank of America Merril Lynch about Egypt’s economy, the bank stated that the carry trade in Egyptian Treasury Bills (T-bills) is gaining ground. It added that the drop in T-bill yields at auctions reflects increasing foreign investor participation and is helping USD/EGP trade with a better one. In a press …
Net foreign purchases of T-bills jump to $1.15bn in January
Foreign investments in debt instruments is one of the most important sources of international financing for emerging and developed economies: CBE