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Morocco Treasury Raises 5.6 Billion Dirhams in T‑Bill Auction, Yields Tick Up
The Moroccan Treasury successfully collected 5.6 billion dirhams in its latest Treasury bill auction held on 10 February 2026, against an oversubscribed demand of 14.39 billion dirhams. The auction was dominated by 52‑week and 5‑year issues, with yields rising modestly from previous levels. The 52‑week bills were allotted 1.2 billion dirhams at a 2.40 % yield (up 18 bps), while the 5‑year notes received 4.4 billion dirhams at a 2.901 % yield (up 13.1 bps). No allocations were made for the 26‑week and 15‑year series. Settlement is set for 16 February 2026.
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The Moroccan Treasury announced that it successfully raised 5.6 billion dirhams in its latest Treasury bill auction held on 10 February 2026, against an oversubscribed demand of 14.39 billion dirhams.
Key issuance details
- 52‑week bills: 1.2 billion dirhams allotted at a yield of 2.40 % (up 18 basis points from the previous weighted‑average rate).
- 5‑year notes: 4.4 billion dirhams allotted at a yield of 2.901 % (up 13.1 basis points).
- No allocation was made for the 26‑week (860 million dirhams offered) and the 15‑year (330 million dirhams offered) series.
The settlement of the subscribed securities is scheduled for 16 February 2026, as confirmed by the Direction du Trésor et des Finances Extérieures (DTFE).