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

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 US 10 Year Note Bond Yield rose to 4.23% on August 29, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.15 points, though it remains 0.33 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis (WGS30YR) from 1977-02-18 to 2025-08-22 about 30-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 30 Year Bond Yield eased to 4.95% on September 2, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.83 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 30 Year Bond Yield - values, historical data, forecasts and news - updated on September of 2025.

The yield on US 2 Year Note Bond Yield eased to 3.63% on August 29, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.33 points and is 0.30 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 2 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on August of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 1-Month Constant Maturity, Quoted on an Investment Basis (DGS1MO) from 2001-07-31 to 2025-08-28 about 1-month, bills, maturity, Treasury, interest rate, interest, rate, and USA.

Graph and download economic data for 1-Year Treasury Bill Secondary Market Rate, Discount Basis (DTB1YR) from 1959-07-15 to 2025-08-28 about secondary market, 1-year, bills, Treasury, interest rate, interest, rate, and USA.

The yield on US 3 Month Bill Bond Yield eased to 4.15% on September 1, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.20 points and is 0.95 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 September of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (DFII5) from 2003-01-02 to 2025-08-28 about TIPS, maturity, Treasury, securities, 5-year, interest rate, interest, real, rate, and USA.

The yield on US 4 Week Bill Yield rose to 4.32% on August 29, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.03 points and is 0.95 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 4 Week Bill Yield - values, historical data, forecasts and news - updated on September of 2025.

Key information about United States Short Term Interest Rate

• United States Short Term Interest Rate: Month End: Treasury Bills: 3 Months was reported at 4.20 % pa in Feb 2025, compared with 4.20 % pa in the previous month.
• US Short Term Interest Rate data is updated monthly, available from Jan 1954 to Feb 2025.
• The data reached an all-time high of 15.52 % pa in Aug 1981 and a record low of -0.01 % pa in Sep 2015.
• Short Term Interest Rate is reported by reported by Federal Reserve Board.

CEIC calculates monthly Short Term Interest Rate from daily Treasury Bills. Federal Reserve Board provides Treasury Bills. Short Term Interest Rate prior to December 1979 is sourced from the Federal Reserve Bank of St. Louis.


Related information about United States Short Term Interest Rate

• In the latest reports, US Treasury Notes Yield: Constant Maturity: Nominal: 10 Years was reported at 4.45 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Effective Federal Funds Rate) was set at 4.33 % pa in Feb 2025.

The yield on US 3 Year Note Bond Yield eased to 3.60% on September 2, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.05 points and is 0.13 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 3 Year Note Yield - values, historical data, forecasts and news - updated on September of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis (DGS2) from 1976-06-01 to 2025-08-28 about 2-year, maturity, Treasury, interest rate, interest, rate, and USA.

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.

The Average Interest Rates on U.S. Treasury Securities dataset provides average interest rates on U.S. Treasury securities on a monthly basis. Its primary purpose is to show the average interest rate on a variety of marketable and non-marketable Treasury securities. Marketable securities consist of Treasury Bills, Notes, Bonds, Treasury Inflation-Protected Securities (TIPS), Floating Rate Notes (FRNs), and Federal Financing Bank (FFB) securities. Non-marketable securities consist of Domestic Series, Foreign Series, State and Local Government Series (SLGS), U.S. Savings Securities, and Government Account Series (GAS) securities. Marketable securities are negotiable and transferable and may be sold on the secondary market. Non-marketable securities are not negotiable or transferrable and are not sold on the secondary market. This is a useful dataset for investors and bond holders to compare how interest rates on Treasury securities have changed over time.

After to as low as low as **** percent in July 2020, in the wake of the coronavirus outbreak, the yield on 10-year U.S treasury bonds increased considerably. As of June 2025, it reached **** percent.

At the end of 2024, the yield on the 10-year U.S. Treasury bond was **** percent. Despite the increase in recent years, the highest yields could be observed in the early 1990s. What affects bond prices? The factors that play a big role in valuation and interest in government bonds are interest rate and inflation. If inflation is expected to be high, investors will demand a higher return on bonds. Country credit ratings indicate how stable the economy is and thus also influence the government bond prices. Risk and bonds Finally, when investors are worried about the bond issuer’s ability to pay at the end of the term, they demand a higher interest rate. For the U.S. Treasury, the vast majority of investors consider the investment to be perfectly safe. Ten-year government bonds from other countries show that countries seen as more risky have a higher bond return. On the other hand, countries in which investors do not expect economic growth have a lower yield.

1-Year Treasury Bill Rate - Historical chart and current data through 2025.

3-Month Treasury Bill Rate - Historical chart and current data through 2025.