Malawi Treasury bills · auction of 1 November 2016
Malawi T-bill auction, 1 November 2016: 91-day at 29.00%, unchanged
At the Treasury bill auction dated 1 November 2016, the Reserve Bank of Malawi cleared the 91-day bill at 29.00% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 10.6bn and MWK 4.8bn was accepted, 45% of what was bid.
Over the past year the 91-day rate has ranged from 24.00% to 29.00%.
A year earlier the 91-day bill cleared at 19.20%, so the government is paying 980 basis points more than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 72,493 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 1,072,493 after 3 months: MWK 72,493 in interest before any withholding tax, about MWK 24,164 a month.
That is MWK 6 less 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 | 28.997% | 29.000% | — | MWK 10.64bn | MWK 4.83bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Reserve Bank of Malawi” and a link to this page.
Afronomics (2026). Malawi Treasury bill auction, 1 November 2016, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2016-11-01
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.