Egypt Treasury bills · auction of 7 December 2004
Egypt T-bill auction, 7 December 2004: 91-day at 10.11%, down 13 bps
At the Treasury bill auction dated 7 December 2004, the Central Bank of Egypt cleared the 91-day bill at 10.11% (down 13 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 1.5bn against EGP 700m on offer, 214% of the amount sought, and EGP 700m was accepted.
Over the past year the 91-day rate has ranged from 6.73% to 11.28%.
A year earlier the 91-day bill cleared at 7.12%, so the government is paying 299 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 2,527 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 102,527 after 3 months: EGP 2,527 in interest before any withholding tax, about EGP 842 a month.
That is EGP 32 less 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 | 10.108% | 10.235% | EGP 700m | EGP 1.50bn | EGP 700m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 December 2004, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-12-07
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