Malawi Treasury bills · auction of 8 January 2021
Malawi T-bill auction, 8 January 2021: 182-day at 12.55%, up 5 bps
At the Treasury bill auction dated 8 January 2021, the Reserve Bank of Malawi cleared the 182-day bill at 12.55% (up 5 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 4m and MWK 4m was accepted, 100% of what was bid.
Over the past year the 182-day rate has ranged from 8.46% to 12.95%.
A year earlier the 182-day bill cleared at 7.46%, so the government is paying 509 basis points more than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 62,765 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 1,062,765 after 6 months: MWK 62,765 in interest before any withholding tax, about MWK 10,461 a month.
That is MWK 265 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 | 12.553% | 12.500% | — | MWK 4m | MWK 4m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 8 January 2021, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2021-01-08
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