Uganda raises Shs2.5 trillion from Treasury Bill and Bond auctions in October 2024

The Government of Uganda raised a total of Shs2.565 trillion from two Treasury Bill auctions and two treasury bond auctions in October 2024.

This is contained in the Performance of the Economy Report for October 2024, which was published by the Ministry of Finance.

Of this, Shs610.8 billion was from Treasury Bills while Shs1.954 .8 trillion was from the T-Bond auctions.

Uganda treasury bonds are one of the ways in which the Government of Uganda raises money to boost its budget and pay for infrastructure projects.

 Yields (interest rates) on Treasury Bills remained largely unchanged in October 2024. The annualised yields for the 364-day remained at 14.5 percent while the 182-day marginally increased to 14.5 percent from 14.4 percent in September 2024.

On the other hand, the 91-day reduced to 10.8 percent from 11.1 percent registered in the previous month.

Save for the 5-year tenor which remained at 16.00 percent, yields on Treasury Bonds slightly increased across all tenors issued compared to their previous issuance.

Yields for the 2-year, 3-year, 10-year, 15-year and 20-year tenors increased to 15.75 percent, 15.50 percent, 16.25 percent ,16.75 percent, and 16.86 percent in October 2024 from 15.50 percent, 15.25 percent, 15.75 percent, 16.50 percent and 16.50 percent, respectively