Egypt Sells $1.1 Billion in T-Bills in First Sale After Mubarak's Ouster - Bloomberg

Egypt sold 6.5 billion Egyptian pounds of treasury bills at an auction today. The finance ministry sold 3 billion pounds in 91-day bills yielding at 10.95 percent and 3.5 billion pounds in 266-day bills yielding at 11.68 percent. That compares with yields of 10.97 percent and 11.66 percent, respectively, at last week’s sale.