The yield on bonds in emerging markets, such as Egypt, South Africa, and a number of other countries, has risen in recent weeks as a result of anticipation of the American Federal Reserve’s decision to raise interest rates. Interest rates on Egyptian bonds were raised in May by an average of 20 basis points over 5-, 10-, and 30-year bonds, sources familiar with the matter told Daily News Egypt. The average increase in maturities was 20 points and had nothing to do with Egypt’s risk outlook. In recent months, the outlook was positive, but as a result of the external market’s anticipation of the Federal Reserve’s decision and its tendency to raise interest rates through its recent language and lower sales in emerging markets. He pointed out that the number of other emerging markets raised the yield on their bonds more than the increase that was implemented Egyptian bonds.

Source: Daily News Egypt July 13, 2017 11:15 UTC