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FX

Auction intelligence · Kenya

Before and after Kenya’s T-bill auction

The likely rate for each bill before you bid, and whether your bid won after the result, from every auction the Central Bank of Kenya has published since 2011. Information, not advice: the CBK sets the rates on the day.

Next auction

Bids close 2 p.m., Thursday, 5 November 2026

For bills dated Monday, 9 November 2026. Bid through DhowCSD or Treasury Mobile Direct. Minimum KES 50,000 non-competitive, KES 2 million competitive. The CBK confirms the date and amounts in each week’s notice.

Call it: guess this week’s rates and see how close you get

Before you bid

Likely range for the next average rate

From the last 26 weekly moves: the 10th to 90th percentile added to the latest rate. A range, not a prediction.

BillLast auctionLikely nextTested since 2011
91-day8.75%2 Nov 20268.74% – 8.87%72%of 765 auctions
182-day8.85%2 Nov 20268.84% – 8.95%69%of 758 auctions
364-day9.03%2 Nov 20269.02% – 9.11%71%of 697 auctions

These ranges were written to the public forecast ledger on 2026-10-29 20:31 UTC, before bids close, and will be graded against the CBK result. Our record →

Tested since 2011: how often a range built this way would have held the rate the CBK then accepted, if it had been drawn before each auction. A range this wide aims for about 8 in 10. About 3 in ten auctions land outside it, so treat it as a guide, not a promise.

After the result

Did my bid win?

Checked against the auction of 2 Nov 2026, the latest the CBK has published.

Issued at the average rate

Non-competitive bids (up to KES 50 million per account per tenor) are issued at the weighted average of accepted bids: 9.0288%.

You pay
KES 91,740
You get back
KES 100,000
Interest after 15% tax
KES 7,021
After-tax return, a year
7.67%

Price per KES 100: 91.7397 (the CBK’s 365-day convention). Withholding tax KES 1,239. Minimum bids: KES 50,000 non-competitive, KES 2 million competitive.

Source: Central Bank of Kenya Treasury bill result notices; every auction is in the full history. Information, not advice.

Quick answers

Questions people ask

When is the next Kenya Treasury bill auction?
Bids for the next auction close at 2 p.m. on Thursday, 5 November 2026, through DhowCSD or Treasury Mobile Direct, for bills dated Monday, 9 November 2026. The CBK auctions 91-, 182- and 364-day bills every week.
What rate will the 91-day T-bill pay at the next auction?
No one knows until the CBK sets it. The last auction (2 Nov 2026) accepted an average of 8.75%. From the last 26 weekly moves, the next average is likely between 8.74% and 8.87%; ranges built this way held the actual rate 72% of the time since 2011.
What rate will the 182-day T-bill pay at the next auction?
No one knows until the CBK sets it. The last auction (2 Nov 2026) accepted an average of 8.85%. From the last 26 weekly moves, the next average is likely between 8.84% and 8.95%; ranges built this way held the actual rate 69% of the time since 2011.
What rate will the 364-day T-bill pay at the next auction?
No one knows until the CBK sets it. The last auction (2 Nov 2026) accepted an average of 9.03%. From the last 26 weekly moves, the next average is likely between 9.02% and 9.11%; ranges built this way held the actual rate 71% of the time since 2011.
How do I know if my T-bill bid was accepted?
The CBK publishes the average rate of accepted bids, not the cut-off. A competitive bid at or below the average was accepted; above it, it depends on the cut-off, which only your DhowCSD account shows. Non-competitive bids are issued at the average.
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