Treasury Bond Auction Results Kenya: October 2026 Rates

The latest Treasury bond auction results in Kenya, for the bonds dated 19 October 2026, show the Central Bank of Kenya accepted KSh 53.05 billion at average yields of 13.6507% on the 14.4-year SDB1/2011/030 and 14.1830% on the new 30-year FXD1/2026/030. Investors bid KSh 83.83 billion against KSh 50 billion offered, a 167.65% subscription. Earlier in the month, the 5 October sale of FXD3/2019/015 and FXD1/2019/020 cleared at 12.7338% and 13.6016%.

This page collects the Treasury bond auction results Kenya investors look for, straight from CBK’s results PDFs, and will be updated after each auction. Updated 1 November 2026. Not investment advice; past yields are not a guide to future returns.

Latest Treasury bond auction results Kenya: October 2026

Source: CBK results for issues dated 5 October and 19 October 2026. “Bids” are at cost.

What the October results tell investors

• Longer bonds pay more. Yields rose with time to maturity, from 12.73% on the 7.8-year bond to 14.18% on the 29.6-year bond. That curve is far above the 91-day Treasury bill, which cleared at 8.7498% on 29 October.
• Retail money dominated. Non-competitive bids, the route used by smaller investors bidding at the average rate, made up KSh 54.68 billion of the KSh 57.51 billion accepted on 5 October, and KSh 30.66 billion of KSh 53.05 billion on 19 October.
• Discounts on the long bonds. At 14.18%, the 30-year bond sold at about KSh 88.34 per KSh 100 of face value because its 12.5% coupon is below the yield investors demanded. The 7.8-year bond sold slightly above par (KSh 100.65) because its 12.34% coupon was close to the accepted yield.
• All new borrowing. Neither auction had redemptions to refinance, so the full amounts accepted (KSh 57.51 billion and KSh 53.05 billion) were new borrowing.

What a bond pays you: a worked example

A Treasury bond pays its coupon twice a year on face value. KSh 100,000 face value of FXD1/2026/030 (coupon 12.5%) pays KSh 6,250 every six months before tax, or KSh 5,625 after the 10% withholding tax shown in CBK’s prospectus. If you bought at the 19 October average price of 88.3420, the bond would cost about KSh 88,342 plus accrued interest, and you would receive KSh 100,000 back at maturity in March 2056. Model your own numbers with our Treasury bond calculator.

Next auction: 4 November 2026

CBK has reopened FXD3/2019/015 (coupon 12.34%) and FXD1/2026/030 (coupon 12.5%) for KSh 50 billion. Bids close at 10am on Wednesday 4 November, the auction is the same day and settlement is on 9 November. The minimum non-competitive bid is KSh 50,000 and the maximum KSh 50 million; competitive bids start at KSh 2 million per CSD account per tenor. Only investors with active DhowCSD accounts can bid. Full details are in our report, CBK reopens KSh 50bn in 15- and 30-year bonds.

Bonds, bills or funds?

Bonds lock in a coupon for years but can be sold only on the secondary market before maturity, at a price that moves. Treasury bills return cash in 91 to 364 days. Money market funds allow withdrawals within days. Compare them in Treasury bills vs bonds vs infrastructure bonds, and see this week’s bill auction in our rates tracker. New to DhowCSD? Start with how to buy Treasury bills, which uses the same account.

Frequently asked questions

Where do I find Treasury bond auction results in Kenya?

CBK publishes a results PDF for every auction on its Treasury bonds page, usually on the auction day or the next working day. This page summarises them.

What was the yield on the 30-year bond in October 2026?

The weighted average rate of accepted bids on FXD1/2026/030 was 14.1830% at the auction dated 19 October 2026.

What is the tax on Treasury bond interest in Kenya?

CBK’s prospectus for the November 2026 reopenings shows 10% withholding tax on the coupon for these bonds.

What is the minimum amount to invest in a Treasury bond?

KSh 50,000 for a non-competitive bid, through a DhowCSD account.

Sources: Central Bank of Kenya, Treasury bonds results and prospectuses (results dated 5 and 19 October 2026; prospectus for bonds dated 9 November 2026).