Malawi Treasury bills · auction of 4 October 2018
Malawi T-bill auction, 4 October 2018: 91-day at 13.99%, up 1 bps
At the Treasury bill auction dated 4 October 2018, the Reserve Bank of Malawi cleared the 91-day bill at 13.99% (up 1 basis point). The rate shown is the average yield of allotted bids.
Bids totalled MWK 9m and MWK 9m was accepted, 100% of what was bid.
Over the past year the 91-day rate has ranged from 12.87% to 14.93%.
A year earlier the 91-day bill cleared at 16.10%, so the government is paying 212 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 34,963 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 1,034,963 after 3 months: MWK 34,963 in interest before any withholding tax, about MWK 11,654 a month.
That is MWK 30 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 |
|---|---|---|---|---|---|
| 91-day | 13.985% | 13.973% | — | MWK 9m | MWK 9m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 4 October 2018, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2018-10-04
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