Malawi Treasury bills · auction of 2 December 2014
Malawi T-bill auction, 2 December 2014: 364-day at 25.12%, up 12 bps
At the Treasury bill auction dated 2 December 2014, the Reserve Bank of Malawi cleared the 364-day bill at 25.12% (up 12 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 50m and MWK 50m 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 32.31%, so the government is paying 719 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 251,200 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 1,251,200 after 12 months: MWK 251,200 in interest before any withholding tax, about MWK 20,933 a month.
That is MWK 1,200 more than the same money would have earned at the previous auction.
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 |
|---|---|---|---|---|---|
| 364-day | 25.120% | 25.000% | — | MWK 50m | MWK 50m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 2 December 2014, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2014-12-02
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