Egypt Treasury bills · auction of 10 March 2020
Egypt T-bill auction, 10 March 2020: 364-day at 14.02%, down 7 bps
At the Treasury bill auction dated 10 March 2020, the Central Bank of Egypt cleared the 91-day bill at 12.90% (down 8 basis points), the 182-day bill at 14.32% (down 1 basis point) and the 364-day bill at 14.02% (down 7 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 63.0bn against EGP 24.5bn on offer, 257% of the amount sought, and EGP 30.2bn was accepted.
Over the past year the 364-day rate has ranged from 13.64% to 17.51%.
A year earlier the 364-day bill cleared at 17.72%, so the government is paying 371 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 14,016 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 114,016 after 12 months: EGP 14,016 in interest before any withholding tax, about EGP 1,168 a month.
That is EGP 70 less than the same money would have earned at the previous auction.
For shorter money: EGP 7,161 on the 182-day bill (6 months), EGP 3,226 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 | 12.904% | 12.981% | EGP 4.00bn | EGP 3.85bn | EGP 243m |
| 182-day | 14.321% | 14.330% | EGP 10.00bn | EGP 25.53bn | EGP 12.80bn |
| 364-day | 14.016% | 14.086% | EGP 10.50bn | EGP 33.57bn | EGP 17.16bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 10 March 2020, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-03-10
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