Egypt Treasury bills · auction of 1 July 2008
Egypt T-bill auction, 1 July 2008: 364-day at 11.39%, up 40 bps
At the Treasury bill auction dated 1 July 2008, the Central Bank of Egypt cleared the 91-day bill at 10.08% (up 40 basis points), the 182-day bill at 11.11% (up 68 basis points) and the 364-day bill at 11.39% (up 40 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 6.9bn against EGP 3.5bn on offer, 196% of the amount sought, and EGP 3.5bn was accepted.
At 11.39%, the 364-day rate is the highest in the 50 auctions of the past year.
A year earlier the 364-day bill cleared at 7.48%, so the government is paying 391 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 11,394 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 111,394 after 12 months: EGP 11,394 in interest before any withholding tax, about EGP 950 a month.
That is EGP 399 more than the same money would have earned at the previous auction.
For shorter money: EGP 5,553 on the 182-day bill (6 months), EGP 2,519 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 | 10.077% | 9.675% | EGP 500m | EGP 1.43bn | EGP 500m |
| 182-day | 11.106% | 10.428% | EGP 1.50bn | EGP 2.67bn | EGP 1.50bn |
| 364-day | 11.394% | 10.995% | EGP 1.50bn | EGP 2.77bn | 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 July 2008, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-07-01
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