Malawi Treasury bills · auction of 4 August 2026
Malawi T-bill auction, 4 August 2026: 364-day at 16.00%, unchanged
At the Treasury bill auction dated 4 August 2026, the Reserve Bank of Malawi cleared the 364-day bill at 16.00% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 90.6bn and MWK 90.6bn was accepted, 100% of what was bid.
At 16.00%, the 364-day rate is the lowest in the 38 auctions of the past year.
A year earlier the 364-day bill cleared at 26.00%, so the government is paying 1000 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 160,000 in 12 months on the 364-day bill
Put MWK 1,000,000 into the 364-day bill at this auction and you get back MWK 1,160,000 after 12 months: MWK 160,000 in interest before any withholding tax, about MWK 13,333 a month.
That is the same as 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 |
|---|---|---|---|---|---|
| 364-day | 16.000% | 16.000% | — | MWK 90.56bn | MWK 90.56bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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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, 4 August 2026, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2026-08-04
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