Uganda Treasury bills · auction of 9 July 2026
Uganda T-bill auction, 9 July 2026: 364-day at 11.50%, down 50 bps
At the Treasury bill auction dated 9 July 2026, the Bank of Uganda cleared the 91-day bill at 10.00% (down 50 basis points), the 182-day bill at 10.40% (down 31 basis points) and the 364-day bill at 11.50% (down 50 basis points). The rate shown is the money-market yield at the cut-off price.
Demand was strong: bids totalled UGX 1179.0bn against UGX 350.0bn on offer, 337% of the amount sought, and UGX 441.8bn was accepted.
At 11.50%, the 364-day rate is the lowest in the 20 auctions of the past year.
A year earlier the 364-day bill cleared at 15.25%, so the government is paying 375 basis points less than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,150,100 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 11,150,100 after 12 months: UGX 1,150,100 in interest before any withholding tax, about UGX 95,842 a month.
That is UGX 49,900 less than the same money would have earned at the previous auction.
For shorter money: UGX 520,000 on the 182-day bill (6 months), UGX 250,050 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 11,150,100 baada ya miezi 12: riba ya UGX 1,150,100 kabla ya kodi yoyote ya zuio, yaani takriban UGX 95,842 kwa mwezi.
Hiyo ni UGX 49,900 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 | 10.002% | 10.500% | UGX 15.00bn | UGX 104.63bn | UGX 17.63bn |
| 182-day | 10.400% | 10.713% | UGX 35.00bn | UGX 140.49bn | UGX 67.11bn |
| 364-day | 11.501% | 12.000% | UGX 300.00bn | UGX 933.90bn | UGX 357.05bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 9 July 2026, compiled from the Bank of Uganda. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2026-07-09
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