Malawi Treasury bills · auction of 30 May 2017
Malawi T-bill auction, 30 May 2017: 91-day at 21.22%, down 16 bps
At the Treasury bill auction dated 30 May 2017, the Reserve Bank of Malawi cleared the 91-day bill at 21.22% (down 16 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 329m and MWK 329m was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 21.00% to 29.00%.
A year earlier the 91-day bill cleared at 28.89%, so the government is paying 767 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 53,058 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 1,053,058 after 3 months: MWK 53,058 in interest before any withholding tax, about MWK 17,686 a month.
That is MWK 395 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 | 21.223% | 21.381% | — | MWK 329m | MWK 329m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 30 May 2017, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2017-05-30
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