Monday 09 March 2026 – 08:24 PM
The bank refused Central Al-Masry, on behalf of the Ministry of Finance, during today’s tender sold 3-year medium-term treasury bonds with a fixed return worth 25 billion pounds, for the second time in a row.
This decision comes as investors continue to demand higher returns on government debt instruments, as a result of the increased risks associated with the negative repercussions of the Iranian war in the region and its potential repercussions on the economy, including Egypt.
In the previous tender, the Central Bank also refused to sell 5-year treasury bonds with a fixed return, and it did not sell 3-year bonds according to the target proceeds.
In contrast, the Central Bank sold, in today’s tender, two-year treasury bonds with a fixed return worth about 8 billion pounds, which is about 20% less than the liquidity targeted to be collected, amounting to 10 billion pounds.
The average yield on two-year Treasury bonds rose to about 22.51%, compared to about 22.42% in the previous bid.
