91-Day T-Bill Yield Slips Below 8% for First Time Since 2022
Kenya’s T-bills auction dated 1 September 2025 show yields at three-year lows and extraordinary investor demand...
✨ Key Highlights
Kenya's 91-day Treasury Bills yield has dropped below 8% for the first time since June 2022, following a recent auction on September 1, 2025. This comes as investor demand reached extraordinary levels, with the overall performance rate hitting 133.46%.
- The Central Bank of Kenya (CBK) accepted bids totaling KSh 31.91 billion against an offer of KSh 24.00 billion.
- The 91-day T-Bill tenor saw the highest demand, attracting nearly KSh 20.0 billion in bids, more than five times the KSh 4.0 billion offered.
- The weighted average rate for the 91-day T-Bill was 7.9999%, while the 182-day T-Bill was 8.0500% and the 364-day T-Bill was 9.5691%.
- The outstanding T-bill debt stock climbed past the KSh 1 trillion mark, reaching KSh 1.05 trillion by mid-August 2025.
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Part of the Day's Coverage
NCBA Half-Year Profit Rises to KSh 11.1Bn as Britam's Slips; 91-Day T-Bill Yield Drops Below 8% - August 2025
NCBA Group PLC reported a significant 12.6% increase in its half-year 2025 profit after tax, reaching KSh 11.1 billion, a result primarily driven by robust net interest income growth. In contrast, Britam Holdings Plc reported a 14% drop in profit after tax to KSh 1.74 billion for the half-year ended June 30, 2025. This decline at Britam occurred as rising finance costs impacted profitability, despite strong investment income. In the government securities market, Kenya's 91-day Treasury Bills yield dropped below 8% for the first time since June 2022. This followed a recent auction where investor demand was high, leading to the overall performance rate hitting 133.46%.
