Egypt Treasury bills · auction of 16 January 2007
Egypt T-bill auction, 16 January 2007: 364-day at 10.19%, down 2 bps
At the Treasury bill auction dated 16 January 2007, the Central Bank of Egypt cleared the 91-day bill at 9.67% (down 3 basis points), the 182-day bill at 10.08% (up 7 basis points) and the 364-day bill at 10.19% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 8.6bn against EGP 4.0bn on offer, 214% of the amount sought, and EGP 4.0bn was accepted.
Over the past year the 364-day rate has ranged from 8.08% to 10.21%.
A year earlier the 364-day bill cleared at 8.76%, so the government is paying 143 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,192 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 110,192 after 12 months: EGP 10,192 in interest before any withholding tax, about EGP 849 a month.
That is EGP 15 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,039 on the 182-day bill (6 months), EGP 2,418 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 | 9.671% | 9.705% | EGP 1.00bn | EGP 2.67bn | EGP 1.00bn |
| 182-day | 10.078% | 10.011% | EGP 1.50bn | EGP 3.32bn | EGP 1.50bn |
| 364-day | 10.192% | 10.207% | EGP 1.50bn | EGP 2.57bn | 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, 16 January 2007, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2007-01-16
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