CBK raises Ksh30.5B as Treasury Bills attract strong investor demand
By Sharon Atieno, July 9, 2026The Central Bank of Kenya (CBK) has raised Ksh30.5 billion after the latest Treasury Bills auction attracted strong investor demand, with bids worth Ksh49.7 billion submitted against the Ksh28 billion on offer.
According to auction results released by the CBK on Thursday, July 9, 2026, investors continued to show a strong appetite for government securities, particularly the 91-day Treasury Bill, which recorded the highest demand among the three tenors offered.
“The results of today’s Treasury Bills auction,” the CBK said while releasing the outcome of the auction, noting that the detailed results had been published on its official platforms.
91-day bill dominates demand
The 91-day Treasury Bill emerged as the standout performer, attracting bids worth Ksh34.8 billion against an offer of Ksh8 billion, translating to a performance rate of 434.98 per cent and a bid-to-cover ratio of 2.23.
The 182-day Treasury Bill received bids worth Ksh8.88 billion, while the 364-day paper attracted Ksh6.04 billion, bringing the total value of bids received to Ksh49.72 billion.
CBK accepted bids worth Ksh15.61 billion for the 91-day paper, Ksh8.88 billion for the 182-day bill and Ksh6.04 billion for the 364-day Treasury Bill, raising a combined Ksh30.53 billion.
Of the accepted bids, Ksh26.6 billion came from competitive investors, while Ksh3.92 billion comprised non-competitive bids.
Interest rates remain stable
The weighted average interest rates remained largely unchanged from the previous auction, signalling stability in the domestic debt market.
The accepted average yield settled at 8.8250 per cent for the 91-day Treasury Bill, 8.9711 per cent for the 182-day paper and 8.9923 per cent for the 364-day security.
Compared to the previous auction, the changes in yields were marginal, with the 91-day rate easing slightly from 8.8347 per cent, while the 182-day rate edged up from 8.9616 per cent. The 364-day yield also remained broadly stable.
The proceeds will primarily be used to finance government debt obligations, with Ksh28.48 billion earmarked for rollover and redemption of maturing securities, while Ksh7.55 billion, Ksh1 billion and Ksh4.5 billion will support net borrowing across the three tenors.
Next auction scheduled
The Central Bank has announced that the next Treasury Bills auction for the 91-day, 182-day and 364-day papers will take place on Thursday, July 16, 2026, with successful investors expected to settle payments by Monday, July 20, 2026.
CBK said bids must be submitted electronically through the DhowCSD Investor Portal or Treasury Mobile Direct by 2:00 p.m. on the auction day.
The regulator also reminded investors that non-competitive bids are capped at Ksh50 million per investor account for each tenor, while competitive bids require a minimum investment of Ksh2 million. Individual investors placing non-competitive bids must invest at least Ksh50,000, with only holders of active Central Securities Depository (CSD) accounts eligible to participate.