Yield on Treasury bills drops ahead of CBK interest rate decision

A further cut would immediately exert downward pressure on the T-bill segment, especially the 364-day paper whose yield has been tracking the CBR more closely than the other two tranches.

Photo credit: Shutterstock

Treasury bill yields have hit a floor of 7.7 percent as the market awaits further signals on interest rates from the Central Bank of Kenya (CBK) monetary policy committee, which holds its last meeting of 2025 on Tuesday.

The 91-day T-bill has held at the 7.78 percent level for the last four weeks, while the 182-day has stood at 7.8 percent for five weeks. The one-year T-bill has meanwhile moved between 9.34 percent and 9.37 percent for the last eight weeks, settling at 9.36 percent in last week’s sale.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.