Pre-Trading Thoughts

Egypt is in talks with the International Monetary Fund to extend timelines for key reforms under its economic reform program, a senior government official said. The official expects Egypt to be placed on the IMF Executive Board’s agenda before the Christmas holidays for the amendments to be given the final greenlight. The average yield on three-month EGP-denominated t-bills rose to 31.419% in Sunday’s auction by the Central Bank of Egypt, up 0.219 percentage points since the same bills last w...