Egypt Treasury bills · auction of 26 July 2022
Egypt T-bill auction, 26 July 2022: 364-day at 16.05%, up 30 bps
At the Treasury bill auction dated 26 July 2022, the Central Bank of Egypt cleared the 91-day bill at 15.78% (up 13 basis points), the 182-day bill at 15.58% (up 9 basis points) and the 364-day bill at 16.05% (up 30 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 69.3bn against EGP 45.0bn on offer, 154% of the amount sought, and EGP 32.9bn was accepted.
At 16.05%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.28%, so the government is paying 277 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,052 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 116,052 after 12 months: EGP 16,052 in interest before any withholding tax, about EGP 1,338 a month.
That is EGP 300 more than the same money would have earned at the previous auction.
For shorter money: EGP 7,792 on the 182-day bill (6 months), EGP 3,945 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 | 15.779% | 15.649% | EGP 15.00bn | EGP 31.55bn | EGP 18.94bn |
| 182-day | 15.583% | 15.495% | EGP 14.50bn | EGP 17.42bn | EGP 1.18bn |
| 364-day | 16.052% | 15.752% | EGP 15.50bn | EGP 20.37bn | EGP 12.78bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 26 July 2022, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-07-26
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