Malawi Treasury bills · auction of 7 March 2017
Malawi T-bill auction, 7 March 2017: 91-day at 23.99%, unchanged
At the Treasury bill auction dated 7 March 2017, the Reserve Bank of Malawi cleared the 91-day bill at 23.99% (unchanged) and the 182-day bill at 25.40% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 7.8bn and MWK 7.8bn 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 26.88%, so the government is paying 289 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 127,000 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 1,127,000 after 6 months: MWK 127,000 in interest before any withholding tax, about MWK 21,167 a month.
That is MWK 5 more than the same money would have earned at the previous auction.
For shorter money: MWK 59,978 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 | 23.991% | 23.992% | — | MWK 2.85bn | MWK 2.85bn |
| 182-day | 25.400% | 25.399% | — | MWK 4.91bn | MWK 4.91bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 7 March 2017, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2017-03-07
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