Egypt Treasury bills · auction of 31 December 2024
Egypt T-bill auction, 31 December 2024: 364-day at 26.23%, down 1 bps
At the Treasury bill auction dated 31 December 2024, the Central Bank of Egypt cleared the 91-day bill at 28.72% (down 250 basis points), the 182-day bill at 29.78% (down 142 basis points) and the 364-day bill at 26.23% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 486.3bn against EGP 85.0bn on offer, 572% of the amount sought, and EGP 87.7bn 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 27.47%, so the government is paying 124 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 26,230 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 126,230 after 12 months: EGP 26,230 in interest before any withholding tax, about EGP 2,186 a month.
That is EGP 7 less than the same money would have earned at the previous auction.
For shorter money: EGP 14,892 on the 182-day bill (6 months), EGP 7,180 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 | 28.720% | 31.217% | EGP 25.00bn | EGP 186.20bn | EGP 25.00bn |
| 182-day | 29.783% | 31.206% | EGP 35.00bn | EGP 265.97bn | EGP 55.61bn |
| 364-day | 26.230% | 26.237% | EGP 25.00bn | EGP 34.09bn | EGP 7.09bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 31 December 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-12-31
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