The Central Bank of Kenya (CBK) accepted KSh28.79 billion in Treasury bill bids in an auction dated October 26, 2026, as investors submitted offers across the 91-day, 182-day and 364-day government securities. The auction recorded a total accepted amount above the KSh28 billion offered, with the 364-day bill posting the highest weighted average interest rate at 9.0267%.
According to the CBK auction results, the government offered KSh8 billion in 91-day Treasury bills, KSh10 billion in 182-day bills and KSh10 billion in 364-day bills, bringing the total amount offered to KSh28 billion. However, the accepted amounts differed across the three maturities, reflecting the bids accepted in each category.
The 91-day Treasury bill recorded the highest accepted amount at KSh14.33 billion, against an offer of KSh8 billion. The weighted average interest rate for the short-term security stood at 8.7478%, the lowest among the three maturities.
For the 182-day Treasury bill, the CBK accepted KSh7.69 billion against an offer of KSh10 billion. The weighted average interest rate was 8.8591%, slightly higher than the rate recorded for the 91-day paper.
The 364-day Treasury bill attracted KSh6.77 billion in accepted bids against an offer of KSh10 billion. Its weighted average interest rate stood at 9.0267%, making it the highest-yielding option among the three securities in the auction.
Across all three maturities, the accepted amount totalled KSh28.79 billion, exceeding the KSh28 billion initially offered by approximately KSh793.12 million. The distribution shows that the CBK accepted a larger amount in the 91-day category while accepting less than the amounts offered for both the 182-day and 364-day bills.
Treasury bills are short-term government securities used to raise funds to meet government financing requirements. Investors purchase the bills at a discount and receive the face value at maturity, with the return depending on the purchase price and applicable yield.
The auction results provide investors with an indication of the returns available across different investment periods. Generally, longer maturities may offer higher yields to compensate investors for committing their funds for a longer period, although the actual rates depend on prevailing market conditions and auction demand.
The CBK has scheduled its next Treasury bill auction for November 2, 2026, covering issues 2706/091, 2680/182 and 2635/364. Investors will be watching the next results for changes in accepted amounts and weighted average interest rates across the three maturities.
