Egypt’s Treasury auctions have been interesting since the EGP flotation in November 2016. Analyzing T-bills and T-bonds auctions and behavior of yields gives many signals about key economic aspects, such as inflation, FX, and interest rates as well as investor preference and the government’s objectives. In this note, we try to list down a few key observations from Treasuries’ auctions in Egypt.
For more details, please read the full report below.