Uganda Treasury bills · auction of 3 September 2026
Uganda T-bill auction, 3 September 2026: 364-day at 11.00%, unchanged
At the Treasury bill auction dated 3 September 2026, the Bank of Uganda cleared the 91-day bill at 9.75% (down 25 basis points), the 182-day bill at 10.00% (down 25 basis points) and the 364-day bill at 11.00% (unchanged). The rate shown is the money-market yield at the cut-off price.
Demand was strong: bids totalled UGX 804.1bn against UGX 380.0bn on offer, 212% of the amount sought, and UGX 465.9bn was accepted.
At 11.00%, the 364-day rate is the lowest in the 18 auctions of the past year.
A year earlier the 364-day bill cleared at 15.25%, so the government is paying 425 basis points less than twelve months ago.
What this means for UGX 10,000,000
Worked from the published rate · information, not advice
UGX 1,099,900 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 11,099,900 after 12 months: UGX 1,099,900 in interest before any withholding tax, about UGX 91,658 a month.
That is the same as at the previous auction.
For shorter money: UGX 499,950 on the 182-day bill (6 months), UGX 243,725 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 11,099,900 baada ya miezi 12: riba ya UGX 1,099,900 kabla ya kodi yoyote ya zuio, yaani takriban UGX 91,658 kwa mwezi.
Ni sawa na 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 | 9.749% | 10.002% | UGX 45.00bn | UGX 62.10bn | UGX 7.09bn |
| 182-day | 9.999% | 10.249% | UGX 35.00bn | UGX 115.28bn | UGX 16.98bn |
| 364-day | 10.999% | 10.999% | UGX 300.00bn | UGX 626.71bn | UGX 441.83bn |
Source: Bank of Uganda result · money-market yield at the cut-off price
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Afronomics (2026). Uganda Treasury bill auction, 3 September 2026, compiled from the Bank of Uganda. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/uganda/2026-09-03
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