Egypt cancels 5-year T-bond issue, 10-year bond yield jumps

[تركي السعوديه]

Egypt cancelled Monday’s 5-year treasury bond issue, the first cancellation of any treasury sale since August 2014, in what bankers said was a signal to the market that the finance ministry would not let yields rise too high. Bankers say state-owned banks had been suppressing yields at auctions in order to keep government borrowing costs […]