Egypt Treasury bills · auction of 10 December 2019
Egypt T-bill auction, 10 December 2019: 364-day at 14.93%, up 6 bps
At the Treasury bill auction dated 10 December 2019, the Central Bank of Egypt cleared the 91-day bill at 15.54% (up 6 basis points), the 182-day bill at 15.58% (up 2 basis points) and the 364-day bill at 14.93% (up 6 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 53.6bn against EGP 28.3bn on offer, 190% of the amount sought, and EGP 27.2bn was accepted.
Over the past year the 364-day rate has ranged from 14.68% to 19.98%.
A year earlier the 364-day bill cleared at 19.96%, so the government is paying 503 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 14,929 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 114,929 after 12 months: EGP 14,929 in interest before any withholding tax, about EGP 1,244 a month.
That is EGP 56 more than the same money would have earned at the previous auction.
For shorter money: EGP 7,789 on the 182-day bill (6 months), EGP 3,885 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 | 15.540% | 15.484% | EGP 9.00bn | EGP 9.74bn | EGP 7.09bn |
| 182-day | 15.578% | 15.555% | EGP 9.50bn | EGP 18.74bn | EGP 8.20bn |
| 364-day | 14.929% | 14.873% | EGP 9.75bn | EGP 25.12bn | EGP 11.96bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 10 December 2019, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-12-10
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