Malawi Treasury bills · auction of 2 May 2017
Malawi T-bill auction, 2 May 2017: 182-day at 22.47%, up 2 bps
At the Treasury bill auction dated 2 May 2017, the Reserve Bank of Malawi cleared the 182-day bill at 22.47% (up 2 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 719m and MWK 719m was accepted, 100% of what was bid.
Over the past year the 182-day rate has ranged from 22.00% to 29.00%.
A year earlier the 182-day bill cleared at 28.56%, so the government is paying 609 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 112,338 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 1,112,338 after 6 months: MWK 112,338 in interest before any withholding tax, about MWK 18,723 a month.
That is MWK 93 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 |
|---|---|---|---|---|---|
| 182-day | 22.468% | 22.449% | — | MWK 719m | MWK 719m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 2 May 2017, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2017-05-02
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