Tanzania's financial markets closed the week to 30 October 2026 with the 20-year Treasury bond yield falling to 10.5214%, down from 11.3306% at the previous auction of the same tenor. The Bank of Tanzania released the figures on 2 November 2026 in its tenth Domestic Financial Markets Weekly Report. This report brings together foreign exchange market, money market and government securities data for the trading week that began on 26 October 2026.
The 12.25% 20-year Treasury bond No. 710, maturing on 9 July 2046, attracted 1,356 bids at the auction held on 28 October 2026. Investors tendered TZS 1,033.09 billion against an offered amount of TZS 363.01 billion, an oversubscription of TZS 670.08 billion that produced a bid-to-cover ratio of 2.85x. Total allotment reached TZS 336.62 billion, with the minimum successful price being 111.8071 and the weighted average price 114.2114.
The weighted average yield to maturity was 80.92 basis points below the level recorded at the preceding auction of the same tenor. Individuals and Companies took the largest share of the allotment at TZS 156.09 billion, equivalent to 46.37% of the total. Banks submitted 22.48% of subscriptions and were allotted TZS 92.60 billion, or 27.51% of the total.
Outstanding Government Securities stood at TZS 34,474.24 billion, comprising Treasury bonds worth TZS 30,829.48 billion and Treasury bills worth TZS 3,644.76 billion. Banks held the largest share of that stock at 34.28%, worth TZS 11,816.77 billion, followed by Pension Funds at 29.70%, worth TZS 10,238.61 billion at face value.
The shilling depreciated 0.15% over the week to close at TZS 2,640.73 against the US dollar. Turnover on the Interbank Foreign Exchange Market declined to USD 58.50 million from USD 60.80 million a week earlier. Retail foreign exchange transactions rose to USD 713.39 million from USD 575.68 million.
The mining sector’s foreign currency purchases surged more than fivefold to USD 136.98 million from USD 26.08 million a week earlier. Daily retail foreign exchange transactions averaged USD 130.67 million over the past month. Against other currencies, the shilling closed at TZS 3,516.66 to the British Pound Sterling and TZS 2,937.55 to the Euro.
The Bank of Tanzania onboarded 4,290 new clients in the current fiscal year, lifting the total number of registered investors in government securities to 35,792 across the market. The Monetary Policy Committee maintained the Central Bank Rate at 6.25% for the fourth quarter of 2026, with GDP growth projected at 7.2% and driven by agriculture, construction, mining and tourism.
Key points
- The 20-year Treasury bond yield fell to 10.5214%.
- The shilling depreciated to TZS 2,640.73/USD.
- Outstanding Government Securities stood at TZS 34,474.24 billion.
