Egypt Treasury bills · auction of 10 December 2024
Egypt T-bill auction, 10 December 2024: 364-day at 26.24%, unchanged
At the Treasury bill auction dated 10 December 2024, the Central Bank of Egypt cleared the 91-day bill at 31.42% (up 22 basis points), the 182-day bill at 31.00% (up 14 basis points) and the 364-day bill at 26.24% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 207.2bn against EGP 110.0bn on offer, 188% of the amount sought, and EGP 62.1bn was accepted.
Over the past year the 364-day rate has ranged from 25.75% to 32.30%.
A year earlier the 364-day bill cleared at 26.80%, so the government is paying 56 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 26,240 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 126,240 after 12 months: EGP 26,240 in interest before any withholding tax, about EGP 2,187 a month.
That is EGP 1 less than the same money would have earned at the previous auction.
For shorter money: EGP 15,498 on the 182-day bill (6 months), EGP 7,855 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 | 31.419% | 31.200% | EGP 35.00bn | EGP 78.56bn | EGP 52.75bn |
| 182-day | 30.996% | 30.858% | EGP 40.00bn | EGP 86.35bn | EGP 7.19bn |
| 364-day | 26.240% | 26.241% | EGP 35.00bn | EGP 42.30bn | EGP 2.18bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 10 December 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-12-10
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