Malawi Treasury bills · auction of 28 December 2016
Malawi T-bill auction, 28 December 2016: 91-day at 23.82%, up 5 bps
At the Treasury bill auction dated 28 December 2016, the Reserve Bank of Malawi cleared the 91-day bill at 23.82% (up 5 basis points) and the 182-day bill at 25.50% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.5bn and MWK 1.5bn was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 23.77% to 29.00%.
A year earlier the 91-day bill cleared at 19.52%, so the government is paying 430 basis points more than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 127,500 in 6 months on the 182-day bill
Put MWK 1,000,000 into the 182-day bill at this auction and you get back MWK 1,127,500 after 6 months: MWK 127,500 in interest before any withholding tax, about MWK 21,250 a month.
That is the same as at the previous auction.
For shorter money: MWK 59,552 on the 91-day bill (3 months).
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 | 23.821% | 23.772% | — | MWK 421m | MWK 421m |
| 182-day | 25.500% | 25.500% | — | MWK 1.08bn | MWK 1.08bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 28 December 2016, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2016-12-28
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