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Foreign investors bought almost all of the Egyptian Treasurys sold Thursday, adding to evidence that confidence in the economy is growing since it floated the pound and secured a $12 billion loan from the International Monetary Fund. Overseas buyers purchased 98.5 percent of the 6.6 billion pounds ($372 million) of six-month T-bills and 97.5 percent of the same amount of one-year bills, Samy Khallaf, head of the public debt department at the Finance Ministry, said in a phone interview Friday. The average yield on one-year securities tumbled 187 basis points, or 1.87 percentage point, to 17.725 percent.
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