Malawi Treasury bills · auction of 14 October 2014
Malawi T-bill auction, 14 October 2014: 364-day at 20.50%, unchanged
At the Treasury bill auction dated 14 October 2014, the Reserve Bank of Malawi cleared the 182-day bill at 20.30% (up 8 basis points) and the 364-day bill at 20.50% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.6bn and MWK 1.6bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 17.81% to 36.52%.
A year earlier the 364-day bill cleared at 25.68%, so the government is paying 518 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 205,000 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 1,205,000 after 12 months: MWK 205,000 in interest before any withholding tax, about MWK 17,083 a month.
That is the same as at the previous auction.
For shorter money: MWK 101,500 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 | 20.300% | 20.220% | — | MWK 1.01bn | MWK 1.01bn |
| 364-day | 20.500% | 20.500% | — | MWK 571m | MWK 571m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 14 October 2014, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2014-10-14
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