Uganda Treasury bills · auction of 8 June 2022
Uganda T-bill auction, 8 June 2022: 364-day at 10.00%, up 100 bps
At the Treasury bill auction dated 8 June 2022, the Bank of Uganda cleared the 91-day bill at 7.95% (up 145 basis points), the 182-day bill at 9.00% (up 101 basis points) and the 364-day bill at 10.00% (up 100 basis points). The rate shown is the money-market yield at the cut-off price.
The auction was fully subscribed: bids totalled UGX 307.0bn against UGX 205.0bn on offer, 150% of the amount sought, and UGX 136.6bn was accepted.
Over the past year the 364-day rate has ranged from 8.90% to 10.40%.
A year earlier the 364-day bill cleared at 10.50%, so the government is paying 50 basis points less than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,000,000 in 12 months on the 364-day bill
Put UGX 10,000,000 into the 364-day bill at this auction and you get back UGX 11,000,000 after 12 months: UGX 1,000,000 in interest before any withholding tax, about UGX 83,333 a month.
That is UGX 100,000 more than the same money would have earned at the previous auction.
For shorter money: UGX 450,000 on the 182-day bill (6 months), UGX 198,800 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Uganda’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka UGX 10,000,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa UGX 11,000,000 baada ya miezi 12: riba ya UGX 1,000,000 kabla ya kodi yoyote ya zuio, yaani takriban UGX 83,333 kwa mwezi.
Hiyo ni UGX 100,000 zaidi 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 | 7.952% | 6.501% | UGX 15.00bn | UGX 48.93bn | UGX 14.53bn |
| 182-day | 9.000% | 7.989% | UGX 30.00bn | UGX 54.72bn | UGX 37.72bn |
| 364-day | 10.000% | 9.000% | UGX 160.00bn | UGX 203.33bn | UGX 84.33bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 8 June 2022, compiled from the Bank of Uganda. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2022-06-08
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