What is the current treasury bill rate in Uganda?

At the Bank of Uganda auction on 21 Oct 2026, treasury bills paid 11.25% for 91 days, 13.40% for 182 days, 14.50% for 364 days, before tax. These are money market yields at the cut-off price. The next bill auction is on 4 Nov 2026.

What is the minimum to buy treasury bills or bonds?

The Bank of Uganda minimum is UGX 100,000 for bills and bonds. You buy at an auction through a Central Securities Depository account, opened directly or through a dealer bank.

What is the difference between yield and coupon?

The coupon is the fixed interest a bond pays on its face value, twice a year. The yield is your actual return, which depends on the price you paid. Buy below face value and your yield is higher than the coupon.

How much tax do I pay on treasury bills and bonds?

Withholding tax is 20% on 2 to 5-year bonds and 10% on bonds of 10 years and longer, per the Bank of Uganda bond prospectus. For bills it is 20% withholding tax.

Government securities

Treasury bill and bond rates in Uganda, October 2026

Results of the latest Bank of Uganda auctions, the next auction dates, and what your money would earn.

See what

would earn in a year

Treasury bill rates in Uganda

Updated 21 Oct 2026. Source: Bank of Uganda auction results.

Treasury bills are short loans to the Government of Uganda for 91, 182 or 364 days. The yield is the money market yield at the cut-off price of the last auction. The minimum is UGX 100,000. Next auction: 4 Nov 2026.

Treasury bill yields at the last auction
Bill	Yield, before tax	After tax	On your amount, a year	Auction
91-day T-bill	11.249%	8.999%	about UGX 89,992 after tax	21 Oct 2026
182-day T-bill	13.400%	10.720%	about UGX 107,200 after tax	21 Oct 2026
364-day T-bill	14.499%	11.599%	about UGX 115,992 after tax	21 Oct 2026

After tax uses withholding tax of 20% withholding tax.

How to buy treasury bills Treasury calculator

Treasury bond rates in Uganda

Updated 28 Oct 2026. Source: Bank of Uganda auction results.

Bonds are longer loans to the government, from 2 to 25 years. They pay interest (the coupon) twice a year. The yield at the last auction is what new buyers locked in, which can differ from the coupon.

Treasury bond coupons and yields at the last auction
Years	Coupon	Yield at the last auction	Withholding tax	On your amount, a year	Last auction	Next auction
2	15.250%	16.000%	20% withholding tax	about UGX 128,000 after tax	28 Oct 2026	13 Jan 2027
3	12.000%	14.000%	20% withholding tax	about UGX 112,000 after tax	7 Oct 2026	25 Nov 2026
5	15.000%	16.800%	20% withholding tax	about UGX 134,400 after tax	28 Oct 2026	13 Jan 2027
10	16.000%	16.850%	10% withholding tax	about UGX 151,650 after tax	7 Oct 2026	25 Nov 2026
15	15.250%	17.925%	10% withholding tax	about UGX 161,325 after tax	28 Oct 2026	13 Jan 2027
20	15.000%	16.925%	10% withholding tax	about UGX 152,325 after tax	7 Oct 2026	25 Nov 2026
25	16.000%	18.475%	10% withholding tax	about UGX 166,275 after tax	28 Oct 2026	13 Jan 2027

Next auction dates come from the Bank of Uganda auction calendar, which says the bonds on offer may change.

Bonds or bills?Treasury calculator