Malawi Treasury bills · auction of 13 May 2014
Malawi T-bill auction, 13 May 2014: 364-day at 25.21%, up 22 bps
At the Treasury bill auction dated 13 May 2014, the Reserve Bank of Malawi cleared the 182-day bill at 26.77% (up 149 basis points) and the 364-day bill at 25.21% (up 22 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 3.5bn and MWK 3.2bn was accepted, 91% of what was bid.
Over the past year the 364-day rate has ranged from 17.81% to 36.52%.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 252,100 in 12 months on the 364-day bill
Put MWK 1,000,000 into the 364-day bill at this auction and you get back MWK 1,252,100 after 12 months: MWK 252,100 in interest before any withholding tax, about MWK 21,008 a month.
That is MWK 2,200 more than the same money would have earned at the previous auction.
For shorter money: MWK 133,850 on the 182-day bill (6 months).
The government pays the full amount at maturity; the risk is Malawi’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 182-day | 26.770% | 25.280% | — | MWK 1.70bn | MWK 1.40bn |
| 364-day | 25.210% | 24.990% | — | MWK 1.76bn | MWK 1.76bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 13 May 2014, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2014-05-13
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