Malawi Treasury bills · auction of 10 March 2015
Malawi T-bill auction, 10 March 2015: 91-day at 26.88%, up 23 bps
At the Treasury bill auction dated 10 March 2015, the Reserve Bank of Malawi cleared the 91-day bill at 26.88% (up 23 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 2.2bn and MWK 2.2bn was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 16.81% to 26.94%.
A year earlier the 91-day bill cleared at 33.85%, so the government is paying 697 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 67,200 in 3 months on the 91-day bill
Put MWK 1,000,000 into the 91-day bill at this auction and you get back MWK 1,067,200 after 3 months: MWK 67,200 in interest before any withholding tax, about MWK 22,400 a month.
That is MWK 563 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 |
|---|---|---|---|---|---|
| 91-day | 26.880% | 26.655% | — | MWK 2.20bn | MWK 2.20bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 10 March 2015, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2015-03-10
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