Thursday, 24 September 2026Lusaka, Zambia
Zambia's Independent Voice on Technology, Economics & Markets
Government Securities

2-Year Bond

Weighted average yield on the 24-month government bond.

13.00%Aug 2026−1.25 ppon the month−2.50 ppon the year
12-month average14.49
Record high32.00Oct 2020
Record low8.57Jan 2011
Observations187since Jan 2011

2-Year Bond, Jan 2011 to Aug 2026

0102030402011201320152017201920212023202513.00

Show the numbers
Month2-Year Bond (%)
Aug 202613.00
Jul 202614.25
Jun 202614.25
May 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
Jan 202516.20
Dec 202416.50
Nov 202416.50
Oct 202416.50
Sep 202416.50
Aug 202419.00
Jul 202419.00
Jun 202419.00
May 202417.50
Apr 202417.00
Mar 202417.00
Feb 202417.00
Jan 202417.00
Dec 202317.00
Nov 202317.00
Oct 202317.00
Sep 202317.00
Aug 202317.75
Jul 202318.00
Jun 202318.00
May 202318.00
Apr 202318.00
Mar 202318.00
Feb 202318.00
Jan 202317.75
Dec 202217.50
Nov 202217.50
Oct 202217.50
Sep 202217.50
Aug 202217.50
Jul 202217.50
Jun 202217.50
May 202217.50
Apr 202217.68
Mar 202217.93
Feb 202217.98
Jan 202217.99
Dec 202117.99
Nov 202118.60
Oct 202119.71
Sep 202119.95
Aug 202121.93
Jul 202128.23
Jun 202129.90
May 202129.90
Apr 202132.00
Mar 202132.00
Feb 202132.00
Jan 202132.00
Dec 202032.00
Nov 202032.00
Oct 202032.00
Sep 202031.96
Aug 202031.95
Jul 202031.45
Jun 202030.95
May 202030.95
Apr 202030.95
Mar 202030.95
Feb 202030.95
Jan 202030.95
Dec 201929.79
Nov 201929.50
Oct 201929.50
Sep 201929.50
Aug 201929.50
Jul 201929.50
Jun 201929.50
May 201929.50
Apr 201929.50
Mar 201925.38
Feb 201924.00
Jan 201920.63
Dec 201819.50
Nov 201819.50
Oct 201819.50
Sep 201819.50
Aug 201819.50
Jul 201818.90
Jun 201818.50
May 201816.82
Apr 201816.40
Mar 201816.40
Feb 201816.40
Jan 201816.50
Dec 201716.50
Nov 201716.50
Oct 201716.50
Sep 201716.00
Aug 201716.00
Jul 201717.00
Jun 201717.00
May 201719.40
Apr 201720.00
Mar 201720.00
Feb 201720.00
Jan 201723.75
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 201625.00
Jan 201624.00
Dec 201523.00
Nov 201523.00
Oct 201523.00
Sep 201523.00
Aug 201523.00
Jul 201517.38
Jun 201515.50
May 201515.50
Apr 201515.50
Mar 201515.50
Feb 201515.50
Jan 201515.25
Dec 201415.00
Nov 201415.00
Oct 201415.38
Sep 201415.50
Aug 201415.50
Jul 201415.50
Jun 201415.50
May 201415.50
Apr 201414.30
Mar 201414.00
Feb 201414.00
Jan 201414.00
Dec 201314.00
Nov 201314.00
Oct 201313.70
Sep 201313.50
Aug 201313.50
Jul 201312.86
Jun 201312.70
May 201312.69
Apr 201312.25
Mar 201311.99
Feb 201311.99
Jan 201311.23
Dec 201210.98
Nov 201210.98
Oct 201210.16
Sep 20129.95
Aug 20129.95
Jul 201210.69
Jun 201210.69
May 201210.69
Apr 201211.73
Mar 201211.73
Feb 201211.73
Jan 201210.55
Dec 201112.41
Nov 201114.70
Oct 201113.75
Sep 201115.53
Aug 201114.76
Jul 201114.49
Jun 201113.45
May 201112.77
Apr 201112.44
Mar 201111.73
Feb 201110.85
Jan 20118.57

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.

-20-100102020122014201620182020202220242026

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 Bill10.50%0.00 ppm/m−1.00 ppy/yAug 2026182-Day Treasury Bill10.95%0.00 ppm/m−1.30 ppy/yAug 2026273-Day Treasury Bill11.05%−0.10 ppm/m−2.45 ppy/yAug 2026364-Day Treasury Bill12.10%−0.10 ppm/m−2.40 ppy/yAug 20263-Year Bond14.09%−0.41 ppm/m−1.41 ppy/yAug 20265-Year Bond14.98%0.00 ppm/m−4.22 ppy/yMar 2026 · not updated this month7-Year Bond14.79%−0.79 ppm/m−3.70 ppy/yAug 202610-Year Bond15.50%−1.00 ppm/m−3.50 ppy/yAug 202615-Year Bond16.50%−1.00 ppm/m−3.70 ppy/yAug 2026

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