Egypt Treasury bills · auction of 2 July 2024
Egypt T-bill auction, 2 July 2024: 364-day at 26.00%, up 5 bps
At the Treasury bill auction dated 2 July 2024, the Central Bank of Egypt cleared the 91-day bill at 25.80% (up 4 basis points), the 182-day bill at 26.00% (up 2 basis points) and the 364-day bill at 26.00% (up 5 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 212.7bn against EGP 115.0bn on offer, 185% of the amount sought, and EGP 27.1bn was accepted.
Over the past year the 364-day rate has ranged from 24.07% to 32.30%.
A year earlier the 364-day bill cleared at 24.04%, so the government is paying 196 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 25,997 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 125,997 after 12 months: EGP 25,997 in interest before any withholding tax, about EGP 2,166 a month.
That is EGP 54 more than the same money would have earned at the previous auction.
For shorter money: EGP 13,001 on the 182-day bill (6 months), EGP 6,449 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 | 25.797% | 25.758% | EGP 40.00bn | EGP 81.05bn | EGP 11.85bn |
| 182-day | 26.001% | 25.977% | EGP 35.00bn | EGP 56.10bn | EGP 1.23bn |
| 364-day | 25.997% | 25.943% | EGP 40.00bn | EGP 75.51bn | EGP 14.01bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 2 July 2024, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-07-02
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