Tanzania Treasury bills · auction of 8 May 2024
Tanzania T-bill auction, 8 May 2024: 364-day at 8.61%, down 134 bps
At the Treasury bill auction dated 8 May 2024, the Bank of Tanzania cleared the 364-day bill at 8.61% (down 134 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 244.9bn against TZS 79.1bn on offer, 310% of the amount sought, and TZS 48.5bn was accepted.
Over the past year the 364-day rate has ranged from 6.93% to 12.30%.
A year earlier the 364-day bill cleared at 6.74%, so the government is paying 187 basis points more than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 86,137 in 12 months on the 364-day bill
Put TZS 1,000,000 into the 364-day bill at this auction and you get back TZS 1,086,137 after 12 months: TZS 86,137 in interest before any withholding tax, about TZS 7,178 a month.
That is TZS 13,427 less than the same money would have earned at the previous auction.
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 364 kwa riba ya mnada huu, utarudishiwa TZS 1,086,137 baada ya miezi 12: riba ya TZS 86,137 kabla ya kodi yoyote ya zuio, yaani takriban TZS 7,178 kwa mwezi.
Hiyo ni TZS 13,427 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 |
|---|---|---|---|---|---|
| 364-day | 8.614% | 9.956% | TZS 79.12bn | TZS 244.90bn | TZS 48.50bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Bank of Tanzania” and a link to this page.
Afronomics (2026). Tanzania Treasury bill auction, 8 May 2024, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2024-05-08
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