CAIRO: The average yield on Egyptian 364-day treasury bills dipped to 10.836 percent at an auction on Thursday from 10.932 percent at the last auction on June 17.

The central bank said it accepted bids for bills worth LE 3 billion ($527 million), the same amount it was seeking.

It accepted bids at rates between 10.65 and 10.87 percent, versus 10.85 to 10.95 percent at the previous auction, the bank said. The bills are for issue on July 13 and mature on July 12, 2011.