Egypt Treasury bills · auction of 20 July 2010
Egypt T-bill auction, 20 July 2010: 364-day at 10.86%, up 3 bps
At the Treasury bill auction dated 20 July 2010, the Central Bank of Egypt cleared the 91-day bill at 10.15% (down 2 basis points), the 182-day bill at 10.50% (unchanged) and the 364-day bill at 10.86% (up 3 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 15.1bn against EGP 6.0bn on offer, 252% of the amount sought, and EGP 6.0bn 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 10.37%, so the government is paying 49 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,862 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 110,862 after 12 months: EGP 10,862 in interest before any withholding tax, about EGP 905 a month.
That is EGP 26 more than the same money would have earned at the previous auction.
For shorter money: EGP 5,250 on the 182-day bill (6 months), EGP 2,537 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 | 10.146% | 10.162% | EGP 1.00bn | EGP 2.40bn | EGP 1.00bn |
| 182-day | 10.500% | 10.499% | EGP 2.00bn | EGP 5.86bn | EGP 2.00bn |
| 364-day | 10.862% | 10.836% | EGP 3.00bn | EGP 6.87bn | EGP 3.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 20 July 2010, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2010-07-20
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