Financial markets faced a crisis in Egypt. JPMorgan took three to six months to evaluate Egypt’s bond index eligibility after placing the nation on negative watch due to repatriation challenges faced by government securities sellers. A month prior, Moody’s extended a review for a potential downgrade of Egypt’s rating. Goldman Sachs estimated Egypt’s funding gap to be over USD 11 billion in the next five years. Investors demand an extra yield of 1,165 bps to purchase Egyptian dollar bonds over US treasuries.