Monday, 9 November 2026Lusaka, Zambia
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Government Securities

2-Year Bond

Weighted average yield on the 24-month government bond.

12.00%Sep 2026−1.00 ppon the month−3.50 ppon the year
12-month average14.41
Record high58.77Aug 2001
Record low7.72Apr 2010
Observations308since Dec 2000

2-Year Bond, Dec 2000 to Sep 2026

020406080Dec ’00Mar ’04Jun ’07Sep ’10Dec ’13Mar ’17Jun ’20Sep ’2312.00

Show the numbers
Month2-Year Bond (%)
Sep 202612.00
Aug 202613.00
Jun 202614.25
Apr 202614.25
Mar 202614.50
Feb 202614.50
Jan 202614.90
Dec 202515.00
Nov 202515.00
Oct 202514.50
Sep 202515.50
Aug 202515.50
Jul 202515.50
Jun 202515.50
May 202515.50
Apr 202515.50
Mar 202515.50
Feb 202516.20
Jan 202516.50
Dec 202416.50
Nov 202416.50
Oct 202416.50
Sep 202419.00
Aug 202419.00
Jul 202419.00
Jun 202417.50
May 202417.00
Apr 202417.00
Mar 202417.00
Feb 202417.00
Jan 202417.00
Dec 202317.00
Nov 202317.00
Oct 202317.00
Sep 202317.75
Aug 202318.00
Jul 202318.00
Jun 202318.00
May 202318.00
Apr 202318.00
Mar 202318.00
Feb 202318.00
Jan 202317.50
Dec 202217.50
Nov 202217.50
Oct 202217.50
Sep 202217.50
Aug 202217.50
Jul 202217.50
Jun 202217.50
May 202217.68
Apr 202217.93
Mar 202217.98
Feb 202217.99
Jan 202217.99
Dec 202118.60
Nov 202119.71
Oct 202119.95
Sep 202121.93
Aug 202128.23
Jul 202129.90
Jun 202129.90
May 202132.00
Apr 202132.00
Mar 202132.00
Feb 202132.00
Jan 202132.00
Dec 202032.00
Nov 202032.00
Oct 202031.96
Sep 202031.95
Aug 202031.45
Jul 202030.95
Jun 202030.95
May 202030.95
Apr 202030.95
Mar 202030.95
Feb 202030.95
Jan 202029.79
Dec 201929.50
Nov 201929.50
Oct 201929.50
Sep 201929.50
Aug 201929.50
Jul 201929.50
Jun 201929.50
May 201929.50
Apr 201925.38
Mar 201924.00
Feb 201920.63
Jan 201919.50
Dec 201819.50
Nov 201819.50
Oct 201819.50
Sep 201819.50
Aug 201818.90
Jul 201818.50
Jun 201816.82
May 201816.40
Apr 201816.40
Mar 201816.40
Feb 201816.50
Jan 201816.50
Dec 201716.50
Nov 201716.50
Oct 201716.00
Sep 201716.00
Aug 201717.00
Jul 201717.00
Jun 201719.40
May 201720.00
Apr 201720.00
Mar 201720.00
Feb 201723.75
Jan 201725.00
Dec 201625.00
Nov 201625.00
Oct 201625.00
Sep 201625.00
Aug 201625.00
Jul 201625.00
Jun 201625.00
May 201625.00
Apr 201625.00
Mar 201625.00
Feb 201624.00
Jan 201623.00
Dec 201523.00
Nov 201523.00
Oct 201523.00
Sep 201523.00
Aug 201517.38
Jul 201515.50
Jun 201515.50
May 201515.50
Apr 201515.50
Mar 201515.50
Feb 201515.25
Jan 201515.00
Dec 201415.00
Nov 201415.38
Oct 201415.50
Sep 201415.50
Aug 201415.50
Jul 201415.50
Jun 201415.50
May 201414.30
Apr 201414.00
Mar 201414.00
Feb 201414.00
Jan 201414.00
Dec 201314.00
Nov 201313.70
Oct 201313.50
Sep 201313.50
Aug 201312.86
Jul 201312.70
Jun 201312.69
May 201312.25
Apr 201311.99
Mar 201311.99
Feb 201311.23
Jan 201310.98
Dec 201210.98
Nov 201210.16
Oct 20129.95
Sep 20129.95
Aug 201210.69
Jul 201210.69
Jun 201210.69
May 201211.73
Apr 201211.73
Mar 201211.73
Feb 201210.55
Jan 201212.41
Dec 201114.70
Nov 201113.75
Oct 201115.53
Sep 201114.76
Aug 201114.49
Jul 201113.45
Jun 201112.77
May 201112.44
Apr 201111.73
Mar 201110.85
Feb 20118.57
Jan 20118.57
Dec 20107.99
Nov 20107.99
Oct 20108.00
Sep 20109.20
Aug 20109.49
Jul 201010.21
Jun 20108.85
May 20108.62
Apr 20107.72
Mar 201010.24
Feb 201012.52
Jan 201014.12
Dec 200915.52
Nov 200916.72
Oct 200917.85
Sep 200918.22
Aug 200918.45
Jul 200918.49
Jun 200918.02
May 200918.66
Apr 200918.85
Mar 200917.48
Feb 200917.18
Jan 200916.67
Dec 200816.58
Nov 200816.58
Oct 200815.78
Sep 200814.91
Aug 200814.94
Jul 200814.07
Jun 200814.56
May 200814.63
Apr 200815.21
Mar 200815.33
Feb 200815.15
Jan 200814.57
Dec 200714.44
Nov 200714.37
Oct 200714.44
Sep 200714.44
Aug 200714.51
Jul 200714.51
Jun 200714.84
May 200714.88
Apr 200713.55
Mar 200712.75
Feb 200712.42
Jan 200711.07
Dec 200610.61
Nov 200611.04
Oct 200614.28
Sep 200614.28
Aug 200611.53
Jul 200610.99
Jun 20069.51
May 20069.65
Apr 200611.78
Mar 200614.91
Feb 200617.33
Jan 200618.73
Dec 200519.02
Nov 200519.07
Oct 200519.18
Sep 200518.74
Aug 200518.24
Jul 200517.76
Jun 200517.79
May 200518.71
Apr 200520.36
Mar 200521.38
Feb 200522.02
Jan 200522.16
Dec 200422.04
Nov 200421.69
Oct 200421.29
Sep 200418.67
Aug 200416.66
Jul 200415.86
Jun 200413.14
May 200412.71
Apr 200415.01
Mar 200419.98
Feb 200424.31
Jan 200425.74
Dec 200333.30
Nov 200338.45
Oct 200339.38
Sep 200339.04
Aug 200338.75
Jul 200340.00
Jun 200341.14
May 200342.56
Apr 200344.37
Mar 200344.61
Feb 200344.80
Jan 200344.05
Dec 200241.55
Nov 200240.00
Oct 200240.10
Sep 200240.63
Aug 200240.63
Jul 200243.32
Jun 200245.62
May 200247.83
Apr 200252.25
Mar 200254.51
Feb 200254.23
Jan 200254.95
Dec 200155.36
Nov 200155.65
Oct 200156.47
Sep 200157.45
Aug 200158.77
Jul 200158.69
Jun 200157.07
May 200155.59
Apr 200156.21
Mar 200153.09
Feb 200151.63
Jan 200148.39
Dec 200045.84

Source: Bank of Zambia auctions. Monthly. Gaps in the line are months with no published figure.

Change on a year earlier

Each bar is this month against the same month twelve months before — the comparison that strips out the seasonal pattern.

-30-20-1001020200220052008201120142017202020232026

IncreaseDecrease

Related analysis

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Nothing published on this indicator yet. KSJ analysis appears here as it is written.

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91-Day Treasury Bill9.75%−0.75 ppm/m−1.75 ppy/ySep 2026182-Day Treasury Bill10.45%−0.50 ppm/m−2.30 ppy/ySep 2026273-Day Treasury Bill10.75%−0.30 ppm/m−2.75 ppy/ySep 2026364-Day Treasury Bill11.90%−0.20 ppm/m−2.60 ppy/ySep 20263-Year Bond12.59%−1.50 ppm/m−3.66 ppy/ySep 20265-Year Bond14.98%−1.12 ppm/m−5.27 ppy/yFeb 2026 · not updated this month7-Year Bond13.75%−1.04 ppm/m−4.75 ppy/ySep 202610-Year Bond14.50%−1.00 ppm/m−4.50 ppy/ySep 202615-Year Bond15.54%−0.96 ppm/m−4.66 ppy/ySep 2026

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