Cairo – Mubasher: The value of Egypt’s 5-year and 10-year treasury issues sold on Monday reached EGP 4.88 billion.

The average return on 5-year notes stood at 17.75%, while its value registered EGP 3.63 billion, according to the Central Bank of Egypt (CBE).

Meanwhile, the average yield on the 10-year bonds was 17.74%, whereas its turnover was EGP 1.25 billion, the bank’s data showed.

Earlier on Monday, the CBE stated that it would issue treasury bonds (T-bonds) worth EGP 3 billion on behalf of the Ministry of Finance (MoF).