Morocco Treasury Bill Rates Today
Current Morocco Treasury bill rates from Bank Al-Maghrib, plus how short-term bons du Trésor including weekly and six-month maturities bills work and how investors can access them.
Current Morocco Treasury Bill Rates
As of July 20, 2026, the latest official Morocco Treasury bill curve is shown below. Rates are dated auction observations in MAD; the page never substitutes a manually typed rate, bond coupon or price.
Source: Bank Al-Maghrib Treasury auction results. Full dated dataset: Morocco bond market.
What Are Treasury Bills in Morocco?
Morocco Treasury bills are short-term government securities issued or administered through Bank Al-Maghrib. The standard market includes short-term bons du Trésor including weekly and six-month maturities, with investors receiving the maturity value after buying the bill at the auction or secondary-market price.
Morocco's Treasury market is published in French as the marché des adjudications des bons du Trésor. Some longer securities are quoted by price, so Mansa accepts only genuine percentage-rate observations into the current bill curve.
Local terminology: bons du Trésor, adjudication, taux moyen pondéré and Moroccan dirham. The official yield convention matters: discount rate, effective yield and weighted average yield are related but not interchangeable.
How to Buy Treasury Bills in Morocco
Investors generally use a Moroccan bank or licensed market intermediary for access to Treasury securities. The institution should identify whether the quotation is a yield or a price, along with the value date, maturity and transaction charges.
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 short-term bons du Trésor including weekly and six-month maturities 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 Morocco Treasury Bill Auctions
Dated primary-market results. Amounts are shown in millions of MAD where the official release supplies them.
| Auction date | Tenor | Yield | Offered | Allotted |
|---|---|---|---|---|
| July 20, 2026 | 26-week | 2.1600% | 900m MAD | 250m MAD |
| July 6, 2026 | 26-week | 2.1700% | 800m MAD | 300m MAD |
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 |
Morocco Treasury Bills FAQ
What are Morocco Treasury bill rates today?
The latest validated Morocco Treasury bill observations as of July 20, 2026 are 26-week: 2.1600%. Mansa Markets pulls these dated rates from Bank Al-Maghrib Treasury auction results; they are not manually entered estimates.
How can I buy Treasury bills in Morocco?
Investors generally use a Moroccan bank or licensed market intermediary for access to Treasury securities. The institution should identify whether the quotation is a yield or a price, along with the value date, maturity and transaction charges. Access rules and minimum order sizes can change, so confirm the current requirements with a regulated institution before transferring money.
Are Morocco Treasury bills risk free?
Morocco 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 Morocco Treasury bill rates change?
Morocco rates can change at each Treasury auction result publications. 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.