CAIRO- Yields on ten-year Egyptian government bonds fell at auction on Monday while five-year yields were flat.
Yields on the 10-year bonds fell to 17.748 percent from 17.859 percent at the last sale on July 2, while five-year yields were flat, rising marginally to 17.759 percent from 17.756 percent at the last sale, also on July 2, central bank data showed.
Egypt's short and long-term treasury yields have been climbing since April, fuelled by what bankers and economists said was an exit of foreign investors amid a broader global selloff in emerging markets.
Egypt was one of the world's hottest destinations for portfolio investors last year after short-term yields touched 22 percent, the result of aggressive central bank rate hikes aimed at curbing inflation.
Total foreign holdings of Egyptian treasuries hit $23.1 billion at the end of March, according to official data.
(Reporting by Eric Knecht; editing by John Stonestreet) ((eric.knecht@thomsonreuters.com; +20 2 2394 8102; Reuters Messaging: eric.knecht.thomsonreuters.com@reuters.net))
