Malawi Treasury bills · auction of 29 March 2016
Malawi T-bill auction, 29 March 2016: 364-day at 28.38%, up 2 bps
At the Treasury bill auction dated 29 March 2016, the Reserve Bank of Malawi cleared the 364-day bill at 28.38% (up 2 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.
At 28.38%, the 364-day rate is the highest in the 18 auctions of the past year.
A year earlier the 364-day bill cleared at 26.81%, so the government is paying 157 basis points more than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 283,765 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 1,283,765 after 12 months: MWK 283,765 in interest before any withholding tax, about MWK 23,647 a month.
That is MWK 242 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 | 28.377% | 28.352% | — | 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, 29 March 2016, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2016-03-29
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