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Egypt's finance ministry offered 110 billion pounds of 3- and 9-month T-bills, accepting 74 billion pounds as yields rose to 25% and 26.3% respectively. The increase followed the central bank's 100 basis point rate hike and a weaker reception from investors.
Higher sovereign borrowing costs and hot-money exits tighten Egypt's financial conditions, which can curb import demand for feed but also weigh on the pound.
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Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.