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Egypt Attracts Carry Traders with High-Yield Bonds

  •  Egypt offers the third-highest yield on local-currency bonds globally
  • Investor confidence surges amid high interest rates and economic reforms

 

Cairo, Egypt – After more than a year of turmoil that drove carry traders away from Egypt’s sovereign debt, they are now returning, drawn by some of the highest yields on local-currency bonds globally, according to data compiled by Allen Dreyfus.

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