Egypt Treasury bills · auction of 11 May 2010
Egypt T-bill auction, 11 May 2010: 364-day at 10.54%, up 23 bps
At the Treasury bill auction dated 11 May 2010, the Central Bank of Egypt cleared the 91-day bill at 10.09% (up 15 basis points) and the 364-day bill at 10.54% (up 23 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 7.1bn against EGP 4.0bn on offer, 179% of the amount sought, and EGP 2.5bn was accepted.
Over the past year the 364-day rate has ranged from 9.72% to 11.66%.
A year earlier the 364-day bill cleared at 10.50%, so the government is paying 4 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,542 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 110,542 after 12 months: EGP 10,542 in interest before any withholding tax, about EGP 879 a month.
That is EGP 230 more than the same money would have earned at the previous auction.
For shorter money: EGP 2,523 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 | 10.091% | 9.936% | EGP 1.00bn | EGP 2.51bn | EGP 1.00bn |
| 364-day | 10.542% | 10.312% | EGP 3.00bn | EGP 4.63bn | 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, 11 May 2010, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2010-05-11
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