Monday, 9 November 2026Lusaka, Zambia
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Government Debt

Average Treasury Bill Yield

Weighted average yield across all Treasury bill tenors at auction.

10.78%Sep 2026−0.86 ppon the month−3.10 ppon the year
12-month average12.74
Record high50.92Mar 2001
Record low3.48Apr 2010
Observations240since Jan 2001

Average Treasury Bill Yield, Jan 2001 to Sep 2026

0204060200120042007201020182021202410.78

Show the numbers
MonthAverage Treasury Bill Yield (%)
Sep 202610.78
Aug 202611.65
Jul 202611.54
Jun 202611.55
May 202611.97
Apr 202612.23
Mar 202612.76
Feb 202613.86
Jan 202614.03
Dec 202514.26
Nov 202514.22
Oct 202514.07
Sep 202513.88
Aug 202513.59
Jul 202513.38
Jun 202513.42
May 202513.58
Apr 202513.26
Mar 202513.91
Feb 202514.16
Jan 202513.39
Dec 202412.83
Nov 202414.19
Oct 202415.90
Sep 202417.99
Aug 202417.47
Jul 202416.01
Jun 202415.44
May 202413.95
Apr 202413.59
Mar 202413.06
Feb 202413.43
Jan 202414.24
Dec 202312.92
Nov 202313.21
Oct 202313.01
Sep 202313.60
Aug 202313.69
Jul 202313.34
Jun 202314.42
May 202315.46
Apr 202314.14
Mar 202313.59
Feb 202314.26
Jan 202313.70
Dec 202213.89
Nov 202213.76
Oct 202214.05
Sep 202213.91
Aug 202213.52
Jul 202213.75
Jun 202212.80
May 202212.31
Apr 202211.98
Mar 202212.88
Feb 202213.18
Jan 202213.86
Dec 202112.91
Nov 202111.16
Oct 202112.65
Sep 202118.05
Aug 202124.04
Jul 202122.95
Jun 202123.58
May 202121.20
Apr 202122.79
Mar 202122.28
Feb 202124.64
Jan 202123.37
Dec 202020.08
Nov 202021.82
Oct 202021.65
Sep 202022.11
Aug 202022.01
Jul 202024.01
Jun 202025.94
May 202026.74
Apr 202026.16
Mar 202025.59
Feb 202026.48
Jan 202026.16
Dec 201925.05
Nov 201925.77
Oct 201926.28
Sep 201925.82
Aug 201925.56
Jul 201924.25
Jun 201925.80
May 201923.97
Apr 201923.33
Mar 201922.98
Feb 201922.87
Jan 201922.09
Dec 201821.30
Nov 201822.41
Oct 201820.05
Sep 201819.38
Aug 201817.89
Jul 201818.14
Jun 201817.11
May 201817.08
Apr 201816.38
Mar 201815.89
Feb 201815.78
Jan 201815.56
Dec 201715.38
Nov 201714.72
Oct 201715.23
Sep 201714.66
Aug 201715.65
Jul 201715.78
Jun 201714.80
May 201716.18
Apr 201716.40
Mar 201718.05
Feb 201721.89
Jan 201723.84
Dec 201111.75
Nov 201112.65
Oct 201114.21
Sep 201112.94
Aug 201111.82
Jul 201110.89
Jun 20119.95
May 20118.56
Apr 20118.40
Mar 20119.14
Feb 20116.34
Jan 20118.14
Dec 20108.35
Nov 20106.82
Oct 20107.16
Sep 20107.84
Aug 20107.62
Jul 20106.98
Jun 20106.09
May 20105.41
Apr 20103.48
Mar 20103.72
Feb 20106.52
Jan 20109.26
Dec 20099.82
Nov 200912.97
Oct 200916.24
Sep 200917.12
Aug 200917.35
Jul 200918.35
Jun 200916.73
May 200916.57
Apr 200916.91
Mar 200916.89
Feb 200916.81
Jan 200917.06
Dec 200817.03
Nov 200816.42
Oct 200815.75
Sep 200813.53
Aug 200813.42
Jul 200813.45
Jun 200813.40
May 200813.22
Apr 200812.92
Mar 200812.88
Feb 200812.53
Jan 200812.91
Dec 200712.77
Feb 200710.93
Jan 200710.43
Dec 200610.03
Nov 20068.97
Oct 20069.80
Sep 200611.28
Aug 20069.30
Jul 20069.05
Jun 20068.11
May 20067.25
Apr 20069.71
Mar 200612.30
Feb 200614.62
Jan 200615.98
Dec 200516.45
Nov 200516.64
Oct 200516.67
Sep 200516.26
Aug 200515.19
Jul 200514.82
Jun 200514.54
May 200515.09
Apr 200517.44
Mar 200517.96
Feb 200518.33
Jan 200518.04
Dec 200417.19
Nov 200416.58
Oct 200415.66
Sep 200412.90
Aug 200411.04
Jul 20048.36
Jun 20046.65
May 20046.95
Apr 20048.72
Mar 20048.76
Feb 200414.55
Jan 200418.96
Dec 200328.35
Nov 200334.13
Oct 200333.39
Sep 200332.87
Aug 200333.03
Jul 200333.03
Jun 200333.09
May 200333.80
Apr 200332.86
Mar 200332.73
Feb 200332.30
Jan 200332.05
Dec 200231.73
Nov 200229.97
Oct 200230.09
Sep 200229.43
Aug 200229.39
Jul 200229.22
Jun 200229.90
May 200234.10
Apr 200241.78
Mar 200245.25
Feb 200248.25
Jan 200247.11
Dec 200146.31
Nov 200143.48
Oct 200145.61
Sep 200145.65
Aug 200146.79
Jul 200145.25
Jun 200142.80
May 200142.02
Apr 200144.54
Mar 200150.92
Feb 200135.51
Jan 200136.30

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.

-30-20-10010202002200520082011202020232026

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 Government Bond Yield13.60%−1.61 ppm/m−4.37 ppy/ySep 2026

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