Egypt Treasury bills · auction of 31 July 2018
Egypt T-bill auction, 31 July 2018: 364-day at 18.73%, down 41 bps
At the Treasury bill auction dated 31 July 2018, the Central Bank of Egypt cleared the 91-day bill at 18.71% (down 26 basis points), the 182-day bill at 18.90% (down 43 basis points) and the 364-day bill at 18.73% (down 41 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 58.4bn against EGP 25.0bn on offer, 233% of the amount sought, and EGP 25.3bn was accepted.
Over the past year the 364-day rate has ranged from 16.43% to 19.44%.
A year earlier the 364-day bill cleared at 21.71%, so the government is paying 298 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,727 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 118,727 after 12 months: EGP 18,727 in interest before any withholding tax, about EGP 1,561 a month.
That is EGP 407 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,451 on the 182-day bill (6 months), EGP 4,678 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 | 18.713% | 18.973% | EGP 8.25bn | EGP 17.91bn | EGP 8.51bn |
| 182-day | 18.901% | 19.331% | EGP 8.25bn | EGP 15.91bn | EGP 8.25bn |
| 364-day | 18.727% | 19.134% | EGP 8.50bn | EGP 24.54bn | EGP 8.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 31 July 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-07-31
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