Egypt Treasury bills · auction of 30 July 2024
Egypt T-bill auction, 30 July 2024: 364-day at 26.24%, down 1 bps
At the Treasury bill auction dated 30 July 2024, the Central Bank of Egypt cleared the 91-day bill at 27.15% (up 34 basis points), the 182-day bill at 26.85% (up 10 basis points) and the 364-day bill at 26.24% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 172.2bn against EGP 95.0bn on offer, 181% of the amount sought, and EGP 76.3bn 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 24.08%, 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 26,239 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 126,239 after 12 months: EGP 26,239 in interest before any withholding tax, about EGP 2,187 a month.
That is EGP 10 less than the same money would have earned at the previous auction.
For shorter money: EGP 13,425 on the 182-day bill (6 months), EGP 6,787 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 | 27.150% | 26.809% | EGP 40.00bn | EGP 69.96bn | EGP 32.26bn |
| 182-day | 26.849% | 26.750% | EGP 30.00bn | EGP 47.63bn | EGP 17.20bn |
| 364-day | 26.239% | 26.249% | EGP 25.00bn | EGP 54.57bn | EGP 26.89bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 30 July 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-07-30
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