Guinea-Bissau paid an average weighted yield of 8.10% on three-year Treasury bonds at its October 19 auction, up from 7.22% on September 8, regional debt agency UMOA-Titres said. Bids covered the 7.5bn FCFA (€11.4mn) offered 1.14 times, down from 2.16 times a week earlier and the lowest coverage in five auctions since August 11.
Analysis: The yield has climbed 88 basis points since September 8 and is about one point above the 7.12% July average for government bonds auctioned across the West African Economic and Monetary Union (WAEMU). It remains below the second-quarter range of 8.07% to 8.42%, however, having risen from a September low. The number of bidders fell to four on October 19 from 13 the previous week, which typically limits the Treasury's ability to reject expensive bids. Its next auction, on November 2, targets another 7.5bn FCFA (€11.4mn).
Source: UMOA-Titres (regional agency, Dakar), UMOA-Titres, Compte rendu d'adjudication GW ES 19.10.2026, 19 October 2026; UMOA-Titres (regional agency, Dakar), UMOA-Titres, Compte rendu d'adjudication GW ES 08.09.2026, 8 September 2026; UMOA-Titres (regional agency, Dakar), UMOA-Titres, Compte rendu d'adjudication GW ES 12.10.2026, 12 October 2026; UMOA-Titres (regional agency, Dakar), UMOA-Titres, Compte rendu d'adjudication GW ES 11.08.2026, 11 August 2026; BCEAO, Note de conjoncture économique des pays de l'UEMOA – août 2026, July 2026; Ministério das Finanças / DGDP, Ministério das Finanças/DGDP, Relatório Trimestral da Dívida Pública, II Trimestre 2026 (August 2026), 4 May 2026 and 29 June 2026; UMOA-Titres, Calendrier d'émissions oct.-nov.-déc. 2026, 2 November 2026; UMOA-Titres (regional agency, Dakar), UMOA-Titres, Compte rendu d'adjudication GW ES 28.09.2026, 28 September 2026