Egypt Treasury bills · auction of 7 January 2014
Egypt T-bill auction, 7 January 2014: 364-day at 11.13%, down 8 bps
At the Treasury bill auction dated 7 January 2014, the Central Bank of Egypt cleared the 91-day bill at 10.39% (down 14 basis points), the 182-day bill at 10.87% (unchanged) and the 364-day bill at 11.13% (down 8 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 19.7bn against EGP 8.0bn on offer, 247% of the amount sought, and EGP 8.0bn was accepted.
Over the past year the 364-day rate has ranged from 10.54% to 15.41%.
A year earlier the 364-day bill cleared at 13.54%, so the government is paying 241 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 11,126 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 111,126 after 12 months: EGP 11,126 in interest before any withholding tax, about EGP 927 a month.
That is EGP 84 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,437 on the 182-day bill (6 months), EGP 2,598 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 | 10.392% | 10.533% | EGP 2.00bn | EGP 4.40bn | EGP 2.00bn |
| 182-day | 10.874% | 10.878% | EGP 2.50bn | EGP 4.76bn | EGP 2.50bn |
| 364-day | 11.126% | 11.210% | EGP 3.50bn | EGP 10.58bn | EGP 3.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 January 2014, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2014-01-07
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