CAIRO: Average yields on Egypt’s 3-year and 7-year Treasury bonds rose at an auction on Monday, data from the central bank showed.

The 3-year bond average yield rose to 17.097 per cent from 16.75 per cent and the 7-year average yield rose to 17.173 per cent from 16.90 per cent, it said.

Meanwhile, remittances from Egyptians abroad increased 20 per cent year-on-year in the three months following the country’s November currency float, totalling about $5 billion (Dh18.4 billion), a central bank statement. Remittances for the month of January were up 23 per cent year-on-year, reaching $1.6 billion, the statement said.