Treasury Bills in Ethiopia

Treasury Bills, commonly called T-Bills, are short-term government securities issued through auctions held by the National Bank of Ethiopia on behalf of the Government of Ethiopia.

They are commonly used by investors and institutions looking for a fixed maturity investment linked to government securities. T-Bill returns are determined through auction prices and yields, which can change from one auction to another.

What Is a Treasury Bill?

A Treasury Bill is a short-term government security. When an investor buys a T-Bill, they are providing funds to the government for a set period until the security matures.

Instead of paying a regular monthly interest amount like some bank products, Treasury Bills are issued on a discount basis. The investor buys the T-Bill below its face value and receives the full face value at maturity. The difference represents the return from the investment.

Treasury Bill Maturities in Ethiopia

National Bank of Ethiopia Treasury Bill auctions commonly include four maturity periods:

• 28-day Treasury Bills
• 91-day Treasury Bills
• 182-day Treasury Bills
• 364-day Treasury Bills
• View Ethiopia’s Latest Treasury Bill Auction Results and Yields

Each maturity can have a different yield. Longer Treasury Bills may offer a higher yield than shorter ones, but this is not guaranteed. Auction outcomes depend on bids, market demand and conditions at that specific auction.

How Treasury Bill Yields Work

Treasury Bill yields are published after each auction. They show the annualised return associated with the accepted bids for each maturity period.

A yield shown for one auction is not a permanent rate. It can rise or fall in later auctions. When comparing Treasury Bills, consider both the yield and the maturity period. A 28-day T-Bill and a 364-day T-Bill should not be treated as the same investment simply because both show an annual percentage yield.

To check the latest results, historical yield trends, investor demand, accepted amounts and maturity-level auction data, visit the Aksion Ethiopia Treasury Bill Auctions and Yields page .

How Treasury Bill Auctions Work

The National Bank of Ethiopia announces the auction date, maturity periods, amount offered, settlement date and other terms before each Treasury Bill auction.

After the auction, the results can show the amount offered, bids received, accepted bids, cut-off price, cut-off yield and weighted average yield for each maturity period.

Strong demand does not automatically mean that Treasury Bill yields will rise or fall. Investors should read demand, accepted bids and yield results together to understand the auction outcome.

What to Check Before Investing in Treasury Bills

• Choose a maturity period that matches when you may need access to your money.
• Review the latest auction yield instead of relying on older Treasury Bill results.
• Confirm the minimum investment amount and account-opening process with the relevant provider.
• Ask about transaction charges, settlement arrangements and maturity payment procedures.
• Understand whether and how the Treasury Bill can be transferred or sold before maturity.
• Consider inflation, liquidity needs and your overall financial situation before investing.

Track Ethiopia’s Latest Treasury Bill Results

Aksion brings National Bank of Ethiopia Treasury Bill auction data into one place. You can compare 28-day, 91-day, 182-day and 364-day yields, review historical auction results, and see how investor demand compares with accepted amounts.

View Ethiopia’s Latest Treasury Bill Auction Results and Yields

Disclaimer: This page is for general information and research only. It is not investment, legal, tax or financial advice. Treasury Bill yields, auction terms, participation requirements and market conditions can change. Confirm current details through official National Bank of Ethiopia publications and authorised financial institutions before making an investment decision.