Kenya Treasury Bill Rates Today
Current Kenya Treasury bill rates from Central Bank of Kenya, plus how 91-day, 182-day and 364-day bills work and how investors can access them.
Current Kenya Treasury Bill Rates
As of July 20, 2026, the latest official Kenya Treasury bill curve is shown below. Rates are dated auction observations in KES; the page never substitutes a manually typed rate, bond coupon or price.
Source: Central Bank of Kenya auction results. Full dated dataset: Kenya bond market.
What Are Treasury Bills in Kenya?
Kenya Treasury bills are short-term government securities issued or administered through Central Bank of Kenya. The standard market includes 91-day, 182-day and 364-day, with investors receiving the maturity value after buying the bill at the auction or secondary-market price.
Kenya publishes both the market average rate and the accepted average rate for Treasury bills. Mansa uses the validated auction yield and does not substitute the amount offered, a bond coupon or a secondary-market price for the bill rate.
Local terminology: Treasury bills, accepted average rate, performance rate and securities depository. The official yield convention matters: discount rate, effective yield and weighted average yield are related but not interchangeable.
How to Buy Treasury Bills in Kenya
Investors can access government securities through the Central Bank of Kenya's current securities-depository process or through a licensed commercial bank or investment bank. Applicants should verify the current account, bidding and minimum-value rules before funding an order.
Choose a regulated channel
Use an authorised bank, dealer, broker or official depository route that can identify the security and explain its fees.
Select the maturity
Compare the available 91-day, 182-day and 364-day bills using the same yield convention and a maturity that fits your cash needs.
Confirm price and settlement
Ask for the amount paid today, the maturity value, settlement date, charges and treatment if you need to sell before maturity.
Keep the allotment record
Retain the security reference, settlement confirmation and maturity instructions; verify that proceeds reach the nominated account.
How Treasury Bill Returns Work
Treasury bills are commonly issued at a discount: the investor pays less than the maturity value and receives the full face value when the bill matures. The cash gain is the maturity value minus the purchase amount, before fees and taxes.
An annualised auction rate is not the same as the percentage cash gain over a three- or six-month holding period. Investors should compare effective yields calculated on the same basis and confirm whether the published field is a discount rate, accepted yield or weighted average yield.
Recent Kenya Treasury Bill Auctions
Dated primary-market results. Amounts are shown in millions of KES where the official release supplies them.
| Auction date | Tenor | Yield | Offered | Allotted |
|---|---|---|---|---|
| July 20, 2026 | 182-day | 8.9743% | 10,000m KES | 13,228.7m KES |
| July 20, 2026 | 364-day | 9.0431% | 10,000m KES | 4,505.6m KES |
| July 20, 2026 | 91-day | 8.8328% | 8,000m KES | 12,887.7m KES |
| July 13, 2026 | 91-day | 8.8486% | 8,000m KES | 15,607.8m KES |
| July 13, 2026 | 182-day | 8.9711% | 10,000m KES | 8,880.9m KES |
| July 13, 2026 | 364-day | 8.9928% | 10,000m KES | 6,036.3m KES |
| July 6, 2026 | 91-day | 8.8767% | 4,000m KES | 16,125.5m KES |
| July 6, 2026 | 182-day | 9.0042% | 10,000m KES | 1,521.2m KES |
| July 6, 2026 | 364-day | 8.9954% | 10,000m KES | 7,083.8m KES |
| June 29, 2026 | 91-day | 8.8812% | 4,000m KES | 14,187.3m KES |
| June 29, 2026 | 182-day | 9.0735% | 10,000m KES | 833.2m KES |
| June 29, 2026 | 364-day | 9.0169% | 10,000m KES | 2,405.4m KES |
| May 25, 2026 | 91-day | 8.6252% | 4,000m KES | 11,949.6m KES |
| May 25, 2026 | 182-day | 8.2113% | 10,000m KES | 8,389.8m KES |
| May 25, 2026 | 364-day | 8.5908% | 10,000m KES | 5,778.4m KES |
Treasury Bills vs Savings, Fixed Deposits and Bonds
| Instrument | Typical term | Return | Main considerations |
|---|---|---|---|
| Treasury bill | One year or less | Discount or auction yield | Sovereign, inflation, currency and early-sale risk |
| Savings account | On demand | Bank deposit interest | Liquidity, bank terms and deposit-protection limits |
| Fixed deposit | Agreed bank term | Fixed deposit rate | Early-withdrawal penalty and bank credit exposure |
| Government bond | More than one year | Coupon plus price movement | Duration, market-price, inflation and liquidity risk |
Kenya Treasury Bills FAQ
What are Kenya Treasury bill rates today?
The latest validated Kenya Treasury bill observations as of July 20, 2026 are 91-day: 8.8328%, 182-day: 8.9743%, 364-day: 9.0431%. Mansa Markets pulls these dated rates from Central Bank of Kenya auction results; they are not manually entered estimates.
How can I buy Treasury bills in Kenya?
Investors can access government securities through the Central Bank of Kenya's current securities-depository process or through a licensed commercial bank or investment bank. Applicants should verify the current account, bidding and minimum-value rules before funding an order. Access rules and minimum order sizes can change, so confirm the current requirements with a regulated institution before transferring money.
Are Kenya Treasury bills risk free?
Kenya Treasury bills are short-term obligations of the sovereign issuer and are generally treated as lower-credit-risk local-currency instruments. They are not free of inflation, currency, liquidity, reinvestment or sovereign risk, and selling before maturity can change the realised return.
What is the difference between a Treasury bill rate and return?
A quoted bill rate is an annualised auction measure, while the investor's cash return depends on the purchase price, maturity value, holding period, fees and tax treatment. Compare instruments using the same yield convention and maturity rather than comparing headline percentages alone.
How often do Kenya Treasury bill rates change?
Kenya rates can change at each weekly Treasury bill auctions. Mansa Markets checks the official release pipeline and displays the underlying auction date, while this article is server-rendered on a six-hour cache window.