QCB allocates QR1.3 billion in latest treasury bills auction
Doha
The Qatar Central Bank (QCB) announced the successful issuance of treasury bills worth QR1.3 billion on Thursday, July 31, 2025. The auction drew strong demand from banks, with bids totaling QR4.4billion, more than three times theallocated amount.
The issuance covered multiple maturities ranging from seven days to 336 days, combining both new and tap issuances. The highest allocation was made in the seven-day tenor, where QR 500 million was issued at a yield of 4.610 percent. In the 28-day tenor, QR200 million was allocated at a yield of 4.611 percent.
The 91-day tap issuance saw an allocation of QR200 million at 4.546 percent, while the 189-day tenor carried a similar allocation at 4.461 percent. Longer-dated instruments included a 252-day tap issuance of QR100 million at 4.415 percent and a 336-day tap issuance of QR100 million at 4.365 percent.
The yields showed a gradual decline as the maturities extended, reflecting steady investor appetite for QCB's short-term debt instruments and signaling confidence in the stability of monetary conditions. The strong bid-to-cover ratio, with QR4.4 billion in bids against QR1.3 billion in accepted allocations, highlighted the banking sector's appetite for safe central bank securities.
The issuance of QCB bills plays a crucial role in the central bank's liquidity management framework, providing short-term investment options for banks while also serving as an important indicator of market interest rates. By maintaining strong demand and stable yields, the latest auction reaffirmed market confidence in Qatar's monetary policy direction.
This issuance comes as part of the central bank's ongoing efforts to regulate liquidity, curb inflationary pressures, and ensure the stability of the Qatari riyal, thereby supporting the country's broader economic growth objectives.
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