Thursday, 24 November 2011

Egypt Yields Heading to Record as Pound Seen Sinking 17% in Year

Nov. 24 (Bloomberg) -- Egypt may be forced to pay record yields to borrow 5.5 billion pounds ($917 million) at an auction today as political unrest prompts traders to wager the currency will tumble 17 percent in a year. Investors probably will demand yields of 14.5 percent on six-month bills, up ...


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