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Egypt's Debt Risks Losing Shine That Drew $20 Billion in Inflows

  • Nation faces competition from Turkey, Argentina and Ukraine
  • Debt investments are crucial to finance Egypt’s funding gap
Economy At Egyptian Tourist Sites As Nation's Economic Recovery Delayed
Photographer: Shawn Baldwin/Bloomberg

Egypt, prime territory for risk-hungry debt traders for the past 15 months, could be upstaged by other emerging markets as it begins to cut rates to spur the economy.

Turkey, Argentina and Nigeria are among the countries that stand to capture investors’ attention, and their money, if yields on Egypt’s Treasury bills fall sharply this year, especially as the prospect of higher interest rates in the U.S. fuels a battle for funds.