Uganda’s government securities market maintained relatively strong yields in the week ending March 11, 2026, reinforcing the attractiveness of Treasury instruments as a low-risk investment option.
According to the latest snapshot released by the Bank of Uganda, short-term Treasury Bills continued to offer competitive returns, with the 364-day paper leading at a primary market yield of 12.00%. The 182-day and 91-day tenors followed at 11.54% and 10.65% respectively.
Secondary market activity showed slightly varied pricing, with the 364-day bill trading between 11.81% and 12.35%, indicating sustained investor demand despite minor fluctuations.
In the bond segment, yields remained notably higher, particularly on longer tenors. The 25-year Treasury bond posted the highest primary market yield at 17.95%, followed by the 15-year bond at 16.48% and the 20-year at 15.49%. Mid-term instruments such as the 5-year and 10-year bonds recorded yields of 15.50% and 14.50% respectively.
Secondary market rates reflected active trading, with the 10-year bond seeing bids as high as 16.00%, suggesting continued appetite among institutional investors seeking long-term returns.
Market analysts say the current yield structure highlights a relatively steep yield curve, signaling investor preference for longer-dated securities amid expectations of stable macroeconomic conditions.
Government securities in Uganda are widely regarded as safe investment vehicles, backed by the state, and continue to attract both individual and institutional investors looking for predictable income streams.
The central bank has encouraged interested investors to access these instruments through commercial banks supervised by the Bank of Uganda, as part of efforts to deepen participation in the domestic debt market.
With yields remaining competitive across both short and long-term instruments, Uganda’s treasury market continues to provide viable opportunities for capital preservation and steady returns.
