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

US 3 Month Bill Bond Yield was 4.29 percent on Wednesday March 26, 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 March 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 2025-03-25 about bills, 3-month, maturity, Treasury, interest rate, interest, rate, and USA.

In December 2024, the yield on a 10-year U.S. Treasury note was 4.39 percent, forecasted to decrease to reach 3.27 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.

United States - 3-Month Treasury Bill Secondary Market Rate was 0.67% in April of 2022, 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 March of 2025.

US 4 Week Bill Yield was 4.30 percent on Thursday March 27, 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 March of 2025.

United States - 3-Month Treasury Bill Minus Federal Funds Rate was -0.11% in February 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 March 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 2025-03-25 about 1-month, bills, maturity, Treasury, 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 2023. In December 2021, the average market yield of 3-month treasury bills on U.S. government securities amounted to 0.06 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 5.44 percent for the 3-month treasury bill and 5.34 percent for the 6-month treasury bill.

As of October 16, 2024, the yield for a ten-year U.S. government bond was 4.04 percent, while the yield for a two-year bond was 3.96 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in 2022 and 2023. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

United States - 3-Month Treasury Bill Secondary Market Rate was 4.20% in March of 2025, according to the United States Federal Reserve. Historically, United States - 3-Month Treasury Bill Secondary Market Rate reached a record high of 17.14 in December of 1980 and a record low of -0.05 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 March of 2025.

US 10 Year Note Bond Yield was 4.34 percent on Wednesday March 26, 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 March 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.

Graph and download economic data for 6-Month Treasury Bill Secondary Market Rate, Discount Basis (DTB6) from 1958-12-09 to 2025-03-25 about 6-month, secondary market, bills, Treasury, interest rate, interest, rate, and USA.

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.

Graph and download economic data for 3-Month Treasury Bill Rate: Auction Average (DISCONTINUED) (TB3MA) from Feb 1941 to Jun 2000 about bills, 3-month, Treasury, interest rate, interest, rate, and USA.

The yield on two year U.S. treasury bonds started increasing since 2021, reaching a new peak of 5.08 percent in October 2023. This comes after the yields for two-year treasury bonds plummeted down to less than 0.2 for much of 2020 owing to the global coronavirus (COVID-19) pandemic.

US 3 Year Note Bond Yield was 4.02 percent on Wednesday March 26, 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 March of 2025.