Egypt Treasury bills · auction of 16 July 2024
Egypt T-bill auction, 16 July 2024: 364-day at 26.23%, up 9 bps
At the Treasury bill auction dated 16 July 2024, the Central Bank of Egypt cleared the 91-day bill at 26.54% (up 35 basis points), the 182-day bill at 26.58% (up 26 basis points) and the 364-day bill at 26.23% (up 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 197.0bn against EGP 115.0bn on offer, 171% of the amount sought, and EGP 68.3bn was accepted.
Over the past year the 364-day rate has ranged from 24.08% to 32.30%.
A year earlier the 364-day bill cleared at 24.07%, so the government is paying 216 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 26,231 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 126,231 after 12 months: EGP 26,231 in interest before any withholding tax, about EGP 2,186 a month.
That is EGP 88 more than the same money would have earned at the previous auction.
For shorter money: EGP 13,289 on the 182-day bill (6 months), EGP 6,634 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 | 26.536% | 26.186% | EGP 40.00bn | EGP 74.66bn | EGP 42.66bn |
| 182-day | 26.578% | 26.319% | EGP 35.00bn | EGP 60.28bn | EGP 18.76bn |
| 364-day | 26.231% | 26.143% | EGP 40.00bn | EGP 62.06bn | EGP 6.84bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 16 July 2024, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-07-16
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