The Bank of Uganda has released results for Treasury Bills auction No. 1226, showing strong investor demand across all tenors.
The auction, conducted on April 8, covered the 91-day, 182-day and 364-day instruments, with settlement scheduled for April 9.
Data from the Central Bank shows that demand remained high, particularly for the 364-day paper, where Shs515.3 billion was tendered against an offer of Shs255 billion. Government accepted Shs275.6 billion in bids for the tenor.
For the 91-day bill, Shs96.9 billion was submitted against an offer of Shs25 billion, with Shs50.7 billion accepted.
The 182-day tenor attracted Shs90.2 billion in bids against Shs75 billion on offer, although only Shs6.4 billion was taken up.
Yields remained elevated across the curve, with the 364-day paper returning 12.25 percent, the 182-day at 11.30 percent and the 91-day at 10.38 percent.
The results point to sustained liquidity in the market and strong appetite for government securities, particularly longer-dated instruments, as investors position for returns in a stable inflation environment.
The auction also highlights the Central Bank’s continued use of Treasury bills to manage liquidity while supporting government financing needs.
