Hedge Funds & Alternative Investments
Uncategorized
Egyptian treasury bond sales plummet on currency concerns
Sales of three-year treasury bonds issued on Tuesday plummeted to 1.09 million Egyptian pounds ($35,332) after the government baulked at the high yields demanded by investors concerned the currency is likely to depreciate soon. The central bank received 26 bids worth 5.77 billion pounds with a weighted average yield of…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Arab news