EGTBY12

Egypt 12 Month T-Bill

Credit, Macro


Publicly traded companies mentioned herein: N/A

Highlights

The presenter is long Egypt’s 12-month zero-coupon treasury bills, which are auctioned off every week at around 15% along with 3-month, 6-month, and 9-month bills. He believes that the current government, led by Abdel Fattah el-Sisi, has made successful efforts to bring the country out of an economic crisis. Going forward, the presenter expects Egypt to maintain stable GDP growth and low inflation rates while its currency gradually appreciates over the next two years. As these economic improvements play out, he expects the yield to come down to 10% - 11% in a year.

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Idea Discussion

Commentor 1 - 2 weeks ago

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