{"id":617903,"date":"2024-03-31T00:00:00","date_gmt":"2024-03-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/"},"modified":"2024-03-31T00:00:00","modified_gmt":"2024-03-31T00:00:00","slug":"cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/","title":{"rendered":"CBE auctions off more EGP t-bills, this time at a much lower yield"},"content":{"rendered":"

Another successful t-bill auction \u2014 this time at a significantly lower interest rate. <\/strong>The Finance Ministry raised some EGP 25 bn worth of one-year t-bills and EGP 35 bn worth of six-month bills on Thursday, according to data on the central bank\u2019s website. The average yield of the one-year bills dropped to 25.9% <\/font>from a record high<\/a><\/a>32.3%<\/a> earlier this month, while the six-month bills\u2018s average yield dropped to 25.75% from 31.84%. <\/p>\n

Demand is still high:<\/strong> The one-year bills received offers over 4x its original ask and six-month bills 2x its ask. Short-term local debt has been extremely attractive<\/a> to both local and foreign investors since the central bank floated the EGP, with the central bank\u2019s many t-bills auctions post float being met with high demand \u2014 a one-year bill auction a week earlier was met with a record EGP 408.1bn in demand. <\/p>\n

Which explains the dip in yields: <\/strong>With the market stabilizing, the EGP finding its balance post float, and FX inflows resuming, investor confidence in Egypt and its economic stability has returned, meaning the central bank no longer needs to auction off bills at extremely high yields to reel investors in.<\/p>\n

Also helping: <\/strong>The risk of further currency depreciation has waned and the premium to hold t-bills rose to a record compared to other emerging-market notes, sparking a renewed interest in carry trade \u2014 the process by which investors borrow at low interest rates to invest in emerging market currencies at higher rates. \u201cInvestors had waited for an inflection point in the local market story to get involved in size in carry trade positions,\u201d Standard Chartered Bank\u2019s Head of Africa Strategy Samir Gadio told Bloomberg<\/a>.<\/p>\n

But the boom could be short lived: <\/strong>\u201cWhile t-bill auction demand is still robust, it could moderate further from recent record highs as yields ease,\u201d Gadio added. \u201cThere was probably a lot of t-bill demand front-loading immediately after the devaluation.\u201d<\/p>\n

It\u2019s more or less the same story for bonds: <\/strong>Last week the bank auctioned off EGP 2.9 bn in EGP fixed coupon three-year t-bonds at an average yield of 25.46% down from 26.23% earlier in the month. The auction saw bids for rates as high as 45%. Higher pricing on longer-term instruments generally reflects investors\u2019 views of risk on that time horizon \u2014 but can also simply be a case of investors waiting to lock in better returns by seeing whether they can bid up the yield. <\/p>\n","protected":false},"excerpt":{"rendered":"

The one-year bills received offers over 4x its original ask and six-month bills 2x its ask<\/p>\n","protected":false},"author":1,"featured_media":617904,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[102,2082,271,104,72,1041],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-carry-trade","tag-central-bank-of-egypt","tag-economy","tag-enterpriseam","tag-treasuries","wpautop","entry"],"acf":{"mongo_id":"51accc06-c4a6-4d7d-8ff3-b4787ffe1b37","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2625.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt auctions off more EGP t-bills, this time at a much lower yield","related_issue":[617896],"teaser":"The one-year bills received offers over 4x its original ask and six-month bills 2x its ask","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.eacfa59a-e2b1-436d-ab00-9ba5194bff06.mp3"},"yoast_head":"\nCBE auctions off more EGP t-bills, this time at a much lower yield - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE auctions off more EGP t-bills, this time at a much lower yield\" \/>\n<meta property=\"og:description\" content=\"The one-year bills received offers over 4x its original ask and six-month bills 2x its ask\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE auctions off more EGP t-bills, this time at a much lower yield\",\"datePublished\":\"2024-03-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\"},\"wordCount\":408,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"carry trade\",\"Central Bank of Egypt\",\"economy\",\"EnterpriseAM\",\"treasuries\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\",\"name\":\"CBE auctions off more EGP t-bills, this time at a much lower yield - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-31T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE auctions off more EGP t-bills, this time at a much lower yield\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBE auctions off more EGP t-bills, this time at a much lower yield - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/","og_locale":"en_US","og_type":"article","og_title":"CBE auctions off more EGP t-bills, this time at a much lower yield","og_description":"The one-year bills received offers over 4x its original ask and six-month bills 2x its ask","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-03-31T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE auctions off more EGP t-bills, this time at a much lower yield","datePublished":"2024-03-31T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/"},"wordCount":408,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1","keywords":["capital markets","carry trade","Central Bank of Egypt","economy","EnterpriseAM","treasuries"],"articleSection":["Capital markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/","name":"CBE auctions off more EGP t-bills, this time at a much lower yield - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1","datePublished":"2024-03-31T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/cbe-auctions-off-more-egp-t-bills-this-time-at-a-much-lower-yield\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE auctions off more EGP t-bills, this time at a much lower yield"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2625.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":617112,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/17\/foreign-investors-are-loving-egypt-post-float\/","url_meta":{"origin":617903,"position":0},"title":"Foreign investors are loving Egypt post float","author":"enterpriseam admin","date":"17 March 2024","format":false,"excerpt":"The CBE raised EGP 217.9 bn-worth of one-year t-bills and EGP 46.8 bn-worth of six-month t-bills on Thursday","rel":"","context":"In "FX WATCH"","block_context":{"text":"FX WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/fx-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1389.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570353,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/central-bank-of-egypt-sells-more-t-bills-than-target-for-the-first-time-in-months\/","url_meta":{"origin":617903,"position":1},"title":"Central Bank of Egypt sells more t-bills than target for the first time in months","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn of treasury bills in two auctions that sought to raise EGP 20 bn, according to the official data. The CBE sold EGP 12.42 bn of six-month bills in a EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616927,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/13\/govt-declined-all-bids-in-latest-bond-auction\/","url_meta":{"origin":617903,"position":2},"title":"Gov\u2019t declined all bids in latest bond auction","author":"enterpriseam admin","date":"13 March 2024","format":false,"excerpt":"FinMin was reluctant to meet the high interest rates demanded by investors","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1060.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640086,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/foreign-investments-in-egypts-t-bills-were-up-again-in-may-for-third-consecutive-month-following-egp-float\/","url_meta":{"origin":617903,"position":3},"title":"Foreign investments in Egypt\u2019s t-bills were up again in May for third consecutive month following EGP float","author":"enterpriseam admin","date":"20 August 2024","format":false,"excerpt":"Foreign investments in Egypt\u2019s t-bills sat at USD 37.5 bn by the end of May","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1700.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604415,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/cbe-sells-egp-18-2-bn-treasury-bills\/","url_meta":{"origin":617903,"position":4},"title":"CBE sells EGP 18.2 bn treasury bills","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank\u2019s website. The sale included EGP 9.75 bn worth of 91-day T-bills at an average yield of 19.475% EGP 8.5 bn worth of 266-day T-bills at an average yield of 19.971%.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569571,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/what-were-tracking-on-1-march-2020-2\/","url_meta":{"origin":617903,"position":5},"title":"What we\u2019re tracking on 1 March 2020","author":"enterpriseam admin","date":"1 March 2020","format":false,"excerpt":"The story of the day is clearly the global spread of the covid-19 virus. Fears it will tip developed economies into recession and curb corporate earnings for at least the current quarter saw global markets collectively have their worst week since the 2008 financial crisis \u2014 US markets are now\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=617903"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/617903\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/617896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/617904"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=617903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=617903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=617903"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=617903"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=617903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}