Egypt Treasury bills · auction of 11 May 2004
Egypt T-bill auction, 11 May 2004: 91-day at 10.56%, up 41 bps
At the Treasury bill auction dated 11 May 2004, the Central Bank of Egypt cleared the 91-day bill at 10.56% (up 41 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 3.0bn against EGP 1.8bn on offer, 169% of the amount sought, and EGP 1.9bn was accepted.
Over the past year the 91-day rate has ranged from 6.61% to 11.50%.
A year earlier the 91-day bill cleared at 12.54%, so the government is paying 198 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 2,639 in 3 months on the 91-day bill
Put EGP 100,000 into the 91-day bill at this auction and you get back EGP 102,639 after 3 months: EGP 2,639 in interest before any withholding tax, about EGP 880 a month.
That is EGP 102 more than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Egypt’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 10.556% | 10.147% | EGP 1.80bn | EGP 3.04bn | EGP 1.87bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 11 May 2004, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-05-11
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