Mauritius Treasury Bill Rates Today
Current Mauritius Treasury bill rates from Bank of Mauritius, plus how 91-day, 182-day and 364-day bills work and how investors can access them.
Current Mauritius Treasury Bill Rates
As of July 16, 2026, the latest official Mauritius Treasury bill curve is shown below. Rates are dated auction observations in MUR; the page never substitutes a manually typed rate, bond coupon or price.
Source: Bank of Mauritius auction notices and results. Full dated dataset: Mauritius bond market.
What Are Treasury Bills in Mauritius?
Mauritius Treasury bills are short-term government securities issued or administered through Bank of Mauritius. 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.
Mauritius Treasury bills are commonly described as GMTBs. Their auction yields provide short-term Mauritian-rupee benchmarks, while Government of Mauritius notes and bonds belong to longer parts of the domestic curve.
Local terminology: GMTB, Treasury bills, weighted yield and Mauritian rupee. The official yield convention matters: discount rate, effective yield and weighted average yield are related but not interchangeable.
How to Buy Treasury Bills in Mauritius
Investors generally use a licensed bank or investment dealer participating in the domestic government-securities market. The intermediary should confirm the tender date, accepted price or yield, settlement amount and maturity proceeds before the transaction is completed.
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 Mauritius Treasury Bill Auctions
Dated primary-market results. Amounts are shown in millions of MUR where the official release supplies them.
| Auction date | Tenor | Yield | Offered | Allotted |
|---|---|---|---|---|
| July 16, 2026 | 182-day | 4.2000% | — | 1,000m MUR |
| July 16, 2026 | 364-day | 4.4600% | — | 1,500m MUR |
| July 9, 2026 | 182-day | 4.2200% | — | 1,000m MUR |
| July 9, 2026 | 364-day | 4.4500% | — | 1,600m MUR |
| July 2, 2026 | 182-day | 4.2500% | — | 1,000m MUR |
| July 2, 2026 | 364-day | 4.4800% | — | 1,500m MUR |
| June 25, 2026 | 182-day | 4.2400% | — | 1,500m MUR |
| May 21, 2026 | 182-day | 4.3400% | — | 1,000m MUR |
| May 21, 2026 | 364-day | 4.6600% | — | 1,500m MUR |
| May 14, 2026 | 182-day | 4.1200% | — | 1,000m MUR |
| May 14, 2026 | 364-day | 4.4100% | — | 1,500m MUR |
| May 7, 2026 | 182-day | 4.1500% | — | 1,000m MUR |
| May 7, 2026 | 364-day | 4.4500% | — | 1,500m MUR |
| April 30, 2026 | 182-day | 4.1700% | — | 1,000m MUR |
| April 30, 2026 | 364-day | 4.4700% | — | 1,000m MUR |
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 |
Mauritius Treasury Bills FAQ
What are Mauritius Treasury bill rates today?
The latest validated Mauritius Treasury bill observations as of July 16, 2026 are 91-day: 4.1800%, 182-day: 4.2000%, 364-day: 4.4600%. Mansa Markets pulls these dated rates from Bank of Mauritius auction notices and results; they are not manually entered estimates.
How can I buy Treasury bills in Mauritius?
Investors generally use a licensed bank or investment dealer participating in the domestic government-securities market. The intermediary should confirm the tender date, accepted price or yield, settlement amount and maturity proceeds before the transaction is completed. Access rules and minimum order sizes can change, so confirm the current requirements with a regulated institution before transferring money.
Are Mauritius Treasury bills risk free?
Mauritius 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 Mauritius Treasury bill rates change?
Mauritius rates can change at each regular Government of Mauritius 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.