Yara El-Genainy_ The Central Bank of Egypt, acting on behalf of the Ministry of Finance, accepted a total liquidity of EGP 108.288 billion in the 364-day and 182-day treasury bills auctions today, Thursday, against a target of EGP 130 billion.
The total value of submitted bids amounted to approximately EGP 193.497 billion, distributed as EGP 123.056 billion for the 364-day tenor, and EGP 70.441 billion for the 182-day tenor.
In the 364-day treasury bills auction, the Ministry of Finance requested EGP 90 billion, and accepted EGP 68.146 billion through 912 bids, with a weighted average yield of 25.91%, compared to 25.67% in the previous offering, an increase of 24 basis points.
The yield on accepted bids ranged between 24.8% and 26%, while the weighted average yield on submitted bids reached 26.43%, ranging between 24.8% and 30%.
In the 182-day treasury bills auction, the Central Bank requested EGP 40 billion, and accepted EGP 40.142 billion through 1,067 bids, with a weighted average yield of 25.17%, compared to 24.87% in the previous offering, an increase of 30 basis points.
The yield on accepted bids ranged between 24.49% and 25.25%, while the weighted average yield on submitted bids reached 25.92%, ranging between 24.49% and 29.99%.
Accordingly, the total accepted bids in both auctions were lower than the target by approximately EGP 21.712 billion, while total submitted bids amounted to EGP 193.497 billion.
