Monday, 9 November 2026Lusaka, Zambia
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Government Debt

Average Government Bond Yield

Weighted average yield across all government bond tenors at auction.

13.60%Sep 2026−1.61 ppon the month−4.37 ppon the year
12-month average16.44
Record high33.84Feb 2021
Record low13.60Sep 2026
Observations115since Jan 2017

Average Government Bond Yield, Jan 2017 to Sep 2026

101520253035402017201920212023202513.60

Show the numbers
MonthAverage Government Bond Yield (%)
Sep 202613.60
Aug 202615.21
Jun 202616.03
Apr 202615.11
Mar 202615.64
Feb 202616.83
Jan 202616.58
Dec 202517.04
Nov 202517.38
Oct 202517.70
Sep 202517.97
Aug 202518.15
Jul 202518.15
Jun 202518.65
May 202518.68
Apr 202517.75
Mar 202519.76
Feb 202520.12
Jan 202521.10
Dec 202421.28
Nov 202421.38
Oct 202420.68
Sep 202424.83
Aug 202425.31
Jul 202423.27
Jun 202423.35
May 202423.86
Apr 202424.45
Mar 202423.85
Feb 202424.53
Jan 202422.65
Dec 202323.51
Nov 202325.14
Oct 202323.64
Sep 202324.22
Aug 202326.24
Jul 202325.45
Jun 202326.43
May 202325.63
Apr 202325.63
Mar 202324.20
Feb 202322.55
Jan 202324.27
Dec 202222.22
Nov 202222.80
Oct 202223.04
Sep 202224.05
Aug 202223.91
Jul 202222.17
Jun 202220.51
May 202221.17
Apr 202221.73
Mar 202222.79
Feb 202222.85
Jan 202222.25
Dec 202122.44
Nov 202123.00
Oct 202123.88
Sep 202126.58
Aug 202131.10
Jul 202131.28
Jun 202131.54
May 202133.48
Apr 202133.70
Mar 202133.07
Feb 202133.84
Jan 202132.87
Dec 202032.39
Nov 202032.39
Oct 202032.52
Sep 202032.32
Aug 202032.12
Jul 202032.29
Jun 202031.98
May 202031.44
Apr 202031.12
Mar 202030.74
Feb 202030.73
Jan 202031.36
Dec 201931.51
Nov 201930.97
Oct 201930.91
Sep 201930.94
Aug 201929.85
Jul 201929.58
Jun 201929.65
May 201929.84
Apr 201926.13
Mar 201924.89
Feb 201921.78
Jan 201920.75
Dec 201820.12
Nov 201819.50
Oct 201819.61
Sep 201819.64
Aug 201818.45
Jul 201817.66
Jun 201818.48
May 201818.48
Apr 201818.60
Mar 201818.64
Feb 201818.59
Jan 201818.57
Dec 201718.56
Nov 201718.55
Oct 201717.24
Sep 201717.24
Aug 201718.14
Jul 201718.14
Jun 201719.96
May 201720.42
Apr 201720.40
Mar 201720.39
Feb 201723.84
Jan 201724.99

Source: Bank of Zambia. 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.

-15-10-5051015201820192020202120222023202420252026

IncreaseDecrease

Related analysis

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

More in Government Debt

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Treasury Bills OutstandingK54.3bn−0.4%m/m+6.9%y/ySep 2026Government Bonds OutstandingK206.6bn−3.7%m/m+7.0%y/ySep 2026Treasury Bill SalesK5.5bn−16.2%m/m−16.2%y/ySep 2026Average Treasury Bill Yield10.78%−0.86 ppm/m−3.10 ppy/ySep 2026

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