Malawi Treasury bills · auction of 26 January 2016
Malawi T-bill auction, 26 January 2016: 364-day at 26.20%, up 351 bps
At the Treasury bill auction dated 26 January 2016, the Reserve Bank of Malawi cleared the 364-day bill at 26.20% (up 351 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 3.8bn and MWK 3.8bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 20.83% to 26.99%.
A year earlier the 364-day bill cleared at 26.71%, so the government is paying 51 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 262,021 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 1,262,021 after 12 months: MWK 262,021 in interest before any withholding tax, about MWK 21,835 a month.
That is MWK 35,148 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 | 26.202% | 22.687% | — | MWK 3.79bn | MWK 3.79bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 26 January 2016, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2016-01-26
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