Kenyan Treasury Bill Market
Live Kenyan Treasury Bill data — 91-day, 182-day, and 364-day auction rates from the Central Bank of Kenya, plus weekly auction history. CBK auctions T-bills every Thursday, and Mansa pulls the results into a clean, searchable archive.
Recent T-Bill Auctions
Weekly CBK auctions of 91-day, 182-day, and 364-day Treasury Bills. Stop rate is the weighted average yield of accepted bids; performance is bids received as a percentage of amount offered.
Source: Central Bank of Kenya — Treasury Bills auction publications.
About the Kenyan bond market
The Central Bank of Kenya (CBK) conducts weekly Treasury Bill auctions on behalf of the National Treasury, raising short-term debt for the government. T-bills are issued in three tenors — 91 days, 182 days, and 364 days — and trade at a discount to par.
Longer-dated Treasury bonds (2-year through 30-year) are auctioned monthly by the CBK and trade on the secondary market through the Nairobi Securities Exchange (NSE). Kenyan Eurobonds (USD-denominated sovereign issuances) trade on the London Stock Exchange and Irish Stock Exchange.
For investors: Kenyan T-bills are among East Africa's most liquid fixed-income instruments and a benchmark for KES money-market pricing. Real returns depend on T-bill yield versus inflation, which has historically trended in a 5–10% corridor.
Frequently asked questions
What is the current 91-day Kenyan Treasury Bill rate?
The latest 91-day, 182-day, and 364-day Treasury Bill stop rates from the Central Bank of Kenya's most recent auction are shown live at the top of this page. T-bill rates change weekly based on auction outcomes.
How often does the CBK auction Treasury Bills?
The Central Bank of Kenya auctions 91-day, 182-day, and 364-day Treasury Bills every Thursday. Results are published the same day. Settlement is on the following Tuesday.
How do I buy Kenyan Treasury Bills?
Through any commercial bank or stockbroker with a CBK Central Securities Depository (CSD) link. Retail investors can also access the CBK's DhowCSD investor portal directly. Minimum non-competitive bid is KES 50,000; minimum competitive bid is KES 2 million.
Are T-bills taxed?
Yes — Kenyan resident investors pay 15% withholding tax on T-bill interest (10% for institutional investors holding to maturity); non-residents typically pay 15% as a final withholding tax. The CBK applies the withholding at source.
What's the difference between the stop rate and the weighted average rate?
The stop rate (also called the weighted average interest rate of accepted bids) is the actual yield investors receive at the auction. The market weighted average covers all bids including unaccepted ones — it is more sensitive to outliers and is used by the CBK for monitoring, not pricing.