Malawi Treasury bills · auction of 10 September 2019
Malawi T-bill auction, 10 September 2019: 91-day at 9.40%, up 23 bps
At the Treasury bill auction dated 10 September 2019, the Reserve Bank of Malawi cleared the 91-day bill at 9.40% (up 23 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 14.2bn and MWK 687m was accepted, 5% of what was bid.
Over the past year the 91-day rate has ranged from 8.80% to 14.00%.
A year earlier the 91-day bill cleared at 13.99%, so the government is paying 459 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 23,508 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 1,023,508 after 3 months: MWK 23,508 in interest before any withholding tax, about MWK 7,836 a month.
That is MWK 564 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 | 9.403% | 9.178% | — | MWK 14.19bn | MWK 687m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Reserve Bank of Malawi” and a link to this page.
Afronomics (2026). Malawi Treasury bill auction, 10 September 2019, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2019-09-10
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.