Egypt Treasury bills · auction of 8 January 2019
Egypt T-bill auction, 8 January 2019: 364-day at 19.76%, down 21 bps
At the Treasury bill auction dated 8 January 2019, the Central Bank of Egypt cleared the 91-day bill at 19.19% (down 52 basis points), the 182-day bill at 19.71% (down 26 basis points) and the 364-day bill at 19.76% (down 21 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 79.2bn against EGP 26.5bn on offer, 299% of the amount sought, and EGP 30.9bn was accepted.
Over the past year the 364-day rate has ranged from 16.43% to 19.98%.
A year earlier the 364-day bill cleared at 17.69%, so the government is paying 207 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,760 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 119,760 after 12 months: EGP 19,760 in interest before any withholding tax, about EGP 1,647 a month.
That is EGP 215 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,854 on the 182-day bill (6 months), EGP 4,798 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 | 19.190% | 19.715% | EGP 8.50bn | EGP 32.24bn | EGP 8.50bn |
| 182-day | 19.708% | 19.970% | EGP 8.75bn | EGP 23.80bn | EGP 10.65bn |
| 364-day | 19.760% | 19.975% | EGP 9.25bn | EGP 23.14bn | EGP 11.77bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 January 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-01-08
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