Egypt Treasury bills · auction of 1 August 2006
Egypt T-bill auction, 1 August 2006: 364-day at 9.10%, up 13 bps
At the Treasury bill auction dated 1 August 2006, the Central Bank of Egypt cleared the 91-day bill at 8.85% (down 2 basis points), the 182-day bill at 8.99% (up 2 basis points) and the 364-day bill at 9.10% (up 13 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 6.2bn against EGP 3.5bn on offer, 177% of the amount sought, and EGP 3.5bn was accepted.
Over the past year the 364-day rate has ranged from 8.08% to 9.99%.
A year earlier the 364-day bill cleared at 9.39%, so the government is paying 29 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 9,099 in 12 months on the 364-day bill
Put EGP 100,000 into the 364-day bill at this auction and you get back EGP 109,099 after 12 months: EGP 9,099 in interest before any withholding tax, about EGP 758 a month.
That is EGP 127 more than the same money would have earned at the previous auction.
For shorter money: EGP 4,495 on the 182-day bill (6 months), EGP 2,211 on the 91-day bill (3 months).
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 | 8.845% | 8.861% | EGP 500m | EGP 1.55bn | EGP 500m |
| 182-day | 8.990% | 8.972% | EGP 1.50bn | EGP 2.47bn | EGP 1.50bn |
| 364-day | 9.099% | 8.972% | EGP 1.50bn | EGP 2.17bn | EGP 1.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 1 August 2006, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2006-08-01
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