Tanzania Treasury bills · auction of 10 June 2020
Tanzania T-bill auction, 10 June 2020: 91-day at 2.77%, down 22 bps
At the Treasury bill auction dated 10 June 2020, the Bank of Tanzania cleared the 91-day bill at 2.77% (down 22 basis points) and the 182-day bill at 3.30% (down 20 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 8.2bn against TZS 4.7bn on offer, 174% of the amount sought, and TZS 4.7bn was accepted.
At 2.77%, the 91-day rate is the lowest in the 20 auctions of the past year.
A year earlier the 91-day bill cleared at 4.15%, so the government is paying 138 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 16,500 in 6 months on the 182-day bill
Put TZS 1,000,000 into the 182-day bill at this auction and you get back TZS 1,016,500 after 6 months: TZS 16,500 in interest before any withholding tax, about TZS 2,750 a month.
That is TZS 1,001 less than the same money would have earned at the previous auction.
For shorter money: TZS 6,932 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Tanzania’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka TZS 1,000,000 kwenye hati ya siku 182 kwa riba ya mnada huu, utarudishiwa TZS 1,016,500 baada ya miezi 6: riba ya TZS 16,500 kabla ya kodi yoyote ya zuio, yaani takriban TZS 2,750 kwa mwezi.
Hiyo ni TZS 1,001 pungufu ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 2.773% | 2.990% | TZS 1.70bn | TZS 3.20bn | TZS 1.70bn |
| 182-day | 3.300% | 3.500% | TZS 3.00bn | TZS 5.00bn | TZS 3.00bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 10 June 2020, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2020-06-10
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