View values of the average interest rate at which Treasury bills with a 3-month maturity are sold on the secondary market.

The yield on US 3 Month Bill Bond Yield eased to 4.31% on July 22, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.01 points, though it remains 0.99 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 3 Month Bill Yield - values, historical data, forecasts and news - updated on July of 2025.

The average rates for U.S. government three-month Treasury bills on the secondary marekt fluctuated significantly from 1970 to 2023 while decreasing overall. In 2023, the average rate for a three-month U.S. Treasury bill was five percent.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity, Quoted on an Investment Basis (DGS3MO) from 1981-09-01 to 2025-07-22 about bills, 3-month, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on India 3 Month Bond Yield eased to 5.35% on July 22, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.08 points, though it remains 1.40 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for India 3M.

Graph and download economic data for 3-Month Treasury Bill Minus Federal Funds Rate (TB3SMFFM) from Jul 1954 to Jun 2025 about yield curve, bills, 3-month, Treasury, federal, rate, and USA.

data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h15/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).

The yield on France 3 Month Bond Yield rose to 1.99% on July 24, 2025, marking a 0.04 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.03 points, though it remains 1.63 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. France 3 Month Bill Yield - values, historical data, forecasts and news - updated on July of 2025.

In June 2025, the yield on a 10-year U.S. Treasury note was **** percent, forecasted to decrease to reach **** percent by February 2026. Treasury securities are debt instruments used by the government to finance the national debt. Who owns treasury notes? Because the U.S. treasury notes are generally assumed to be a risk-free investment, they are often used by large financial institutions as collateral. Because of this, billions of dollars in treasury securities are traded daily. Other countries also hold U.S. treasury securities, as do U.S. households. Investors and institutions accept the relatively low interest rate because the U.S. Treasury guarantees the investment. Looking into the future Because these notes are so commonly traded, their interest rate also serves as a signal about the market’s expectations of future growth. When markets expect the economy to grow, forecasts for treasury notes will reflect that in a higher interest rate. In fact, one harbinger of recession is an inverted yield curve, when the return on 3-month treasury bills is higher than the ten-year rate. While this does not always lead to a recession, it certainly signals pessimism from financial markets.

United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 1 Qtr data was reported at 1.981 % in Jun 2018. This records an increase from the previous number of 1.667 % for Mar 2018. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 1 Qtr data is updated quarterly, averaging 4.450 % from Sep 1981 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 14.439 % in Sep 1981 and a record low of 0.057 % in Mar 2012. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 1 Qtr data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

Series is calculated as the spread between 3-Month Treasury Bill: Secondary Market Rate (ROUND_B1_CLOSE_13WK_2M)) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFRM). Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield).

Graph and download economic data for 3-Month Treasury Bill Rate: Auction Average (DISCONTINUED) from Feb 1941 to Jun 2000 about bills, 3-month, Treasury, interest rate, interest, rate, and USA.

The yield on Netherlands 3 Month Bill Yield rose to 1.97% on July 24, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.12 points, though it remains 1.31 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Netherlands 3 Month Bill Yield - values, historical data, forecasts and news - updated on July of 2025.

United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 3 Months data was reported at 2.374 % pa in Nov 2018. This records an increase from the previous number of 2.293 % pa for Oct 2018. United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 3 Months data is updated monthly, averaging 4.184 % pa from Jan 1982 (Median) to Nov 2018, with 443 observations. The data reached an all-time high of 14.280 % pa in Feb 1982 and a record low of 0.011 % pa in Dec 2011. United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 3 Months data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M008: Treasury Securities Yields.

Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Month data was reported at 1.280 % pa in Jun 2018. This records a decrease from the previous number of 1.300 % pa for May 2018. Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Month data is updated monthly, averaging 2.180 % pa from Jan 2005 (Median) to Jun 2018, with 162 observations. The data reached an all-time high of 4.960 % pa in Jul 2006 and a record low of 0.930 % pa in Apr 2009. Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Month data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.M005: Treasury Bill and Bond Yield.

The yield on UK 3 Month Bond Yield eased to 4.15% on July 24, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.09 points and is 1.08 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for UK 3M.

Graph and download economic data for Yields on Short-Term United States Securities, Three-Six Month Treasury Notes and Certificates, Three Month Treasury Bills for United States (M1329AUSM193NNBR) from Jan 1920 to Mar 1934 about short-term, 6-month, notes, bills, 3-month, securities, Treasury, yield, interest rate, interest, rate, and USA.

This statistic shows money market interest rates of short term government securities in the United States from 2007 to 2024. In December 2021, the average market yield of 3-month treasury bills on U.S. government securities amounted to **** percent. Due to increased policy rates by the U.S. Federal Reserve, interest rates on government securities rose throughout 2022 and 2023, reaching an average of **** percent for the 3 month treasury bill and **** percent for the 6 month treasury bill.

These rates are the daily secondary market quotation on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 13-week, 26-week, and 52-week) that Treasury currently issues new Bills. Market quotations are obtained at approximately 3:30 PM each business day by the Federal Reserve Bank of New York. The Bank Discount rate is the rate at which a Bill is quoted in the secondary market and is based on the par value, amount of the discount and a 360-day year. The Coupon Equivalent, also called the Bond Equivalent, or the Investment Yield, is the bill's yield based on the purchase price, discount, and a 365- or 366-day year. The Coupon Equivalent can be used to compare the yield on a discount bill to the yield on a nominal coupon bond that pays semiannual interest.

Norway Treasury Bills Yield: Monthly Avg: 3 Months data was reported at 0.747 % pa in Oct 2018. This records an increase from the previous number of 0.682 % pa for Sep 2018. Norway Treasury Bills Yield: Monthly Avg: 3 Months data is updated monthly, averaging 1.779 % pa from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 5.979 % pa in Jan 2003 and a record low of 0.259 % pa in Dec 2017. Norway Treasury Bills Yield: Monthly Avg: 3 Months data remains active status in CEIC and is reported by Norges Bank. The data is categorized under Global Database’s Norway – Table NO.M007: Treasury Bills Yield.