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 rose to 4.33% on July 1, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.01 points and is 1.03 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.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity, Quoted on an Investment Basis (DGS3) from 1962-01-02 to 2025-07-01 about 3-year, maturity, Treasury, interest rate, interest, rate, and USA.

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 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.

China Bond Yield: Treasury Bond: 3 Month data was reported at 1.395 % pa in 16 May 2025. This records an increase from the previous number of 1.390 % pa for 15 May 2025. China Bond Yield: Treasury Bond: 3 Month data is updated daily, averaging 2.304 % pa from Mar 2006 (Median) to 16 May 2025, with 4806 observations. The data reached an all-time high of 5.113 % pa in 21 Jun 2013 and a record low of 0.782 % pa in 25 Dec 2024. China Bond Yield: Treasury Bond: 3 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily. [COVID-19-IMPACT]

The yield on India 3 Month Bond Yield eased to 5.36% on July 2, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.14 points and is 1.42 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.

United States - 3-Month Treasury Bill Minus Federal Funds Rate was -0.08% in May of 2025, according to the United States Federal Reserve. Historically, United States - 3-Month Treasury Bill Minus Federal Funds Rate reached a record high of 1.07 in July of 1961 and a record low of -5.37 in July of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - 3-Month Treasury Bill Minus Federal Funds Rate - last updated from the United States Federal Reserve on July of 2025.

In December 2024, the yield on a 10-year U.S. Treasury note was **** percent, forecasted to decrease to reach **** percent by August 2025. 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.

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 (M1329BUSM193NNBR) from Jan 1931 to Nov 1969 about short-term, 6-month, notes, bills, 3-month, securities, Treasury, yield, interest rate, interest, 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 Japan 3 Month Bond Yield held steady at 0.44% on July 2, 2025. Over the past month, the yield has edged up by 0.03 points and is 0.41 points higher 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 Japan 3M.

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.

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.

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).

Interactive chart showing the daily 1 year treasury yield back to 1962. The values shown are daily data published by the Federal Reserve Board based on the average yield of a range of Treasury securities, all adjusted to the equivalent of a one-year maturity.

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.

This statistic shows money market interest rates of short term government securities in the United States from 2007 to 2023. 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.

Bahrain Average Treasury Bills Yield: Short Term: 3 Months data was reported at 5.380 % pa in Mar 2025. This records a decrease from the previous number of 5.850 % pa for Dec 2024. Bahrain Average Treasury Bills Yield: Short Term: 3 Months data is updated quarterly, averaging 2.080 % pa from Mar 2003 (Median) to Mar 2025, with 88 observations. The data reached an all-time high of 6.370 % pa in Dec 2023 and a record low of 0.460 % pa in Dec 2011. Bahrain Average Treasury Bills Yield: Short Term: 3 Months data remains active status in CEIC and is reported by Central Bank of Bahrain. The data is categorized under Global Database’s Bahrain – Table BH.M007: Treasury Bills Yield.

Interactive chart showing the daily 10 year treasury yield back to 1962. The 10 year treasury is the benchmark used to decide mortgage rates across the U.S. and is the most liquid and widely traded bond in the world.