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

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis (DGS30) from 1977-02-15 to 2025-07-10 about 30-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 3 Month Bill Bond Yield eased to 4.35% on July 11, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.03 points and is 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 **** percent.

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 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.

Graph and download economic data for 3-Month or 90-day Rates and Yields: Treasury Securities for the United Kingdom (IR3TTS01GBA156N) from 1960 to 2016 about 3-month, United Kingdom, securities, Treasury, yield, interest rate, interest, and rate.

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.

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]

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).

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/).

United States - 3-Month Treasury Bill Secondary Market Rate was 4.20% in June of 2025, according to the United States Federal Reserve. Historically, United States - 3-Month Treasury Bill Secondary Market Rate reached a record high of 16.76 in December of 1980 and a record low of -0.01 in March of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - 3-Month Treasury Bill Secondary Market Rate - last updated from the United States Federal Reserve on July of 2025.

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.

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.

The yield on India 3 Month Bond Yield eased to 5.32% on July 11, 2025, marking a 0.05 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points, though it remains 1.44 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.

Interactive chart showing the daily 5 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 five-year maturity.

The yield on Japan 3 Month Bond Yield rose to 0.41% on July 11, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.05 points, though it remains 0.39 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.

These rates are commonly referred to as Constant Maturity Treasury rates, or CMTs. Yields are interpolated by the Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10 year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.

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.

The yield on Netherlands 3 Month Bill Yield rose to 1.98% on July 11, 2025, marking a 0.08 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.04 points, though it remains 1.39 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.