The yield on US 3 Month Bill Bond Yield eased to 4.34% on June 9, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.05 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 June of 2025.

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 2025-06-05 about bills, 3-month, 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.

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

United States - 3-Month Treasury Bill Secondary Market Rate was 4.25% in May 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 June of 2025.

United States - 3-Month Treasury Bill Minus Federal Funds Rate was -0.12% in April 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 June of 2025.

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 - 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity was -0.04% in April of 2025, according to the United States Federal Reserve. Historically, United States - 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity reached a record high of 4.15 in September of 1982 and a record low of -1.74 in May of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - 10-Year Treasury Constant Maturity Minus 3-Month Treasury Constant Maturity - last updated from the United States Federal Reserve on June of 2025.

United States - Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity was 4.35% in May of 2025, according to the United States Federal Reserve. Historically, United States - Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity reached a record high of 17.01 in September of 1981 and a record low of 0.00 in December of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity - last updated from the United States Federal Reserve on May of 2025.

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

United States Recession Prob: Yield Curve: 3 Month Treasury Yield data was reported at 2.250 % in Oct 2018. This records an increase from the previous number of 2.130 % for Sep 2018. United States Recession Prob: Yield Curve: 3 Month Treasury Yield data is updated monthly, averaging 4.620 % from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 16.300 % in May 1981 and a record low of 0.010 % in Dec 2011. United States Recession Prob: Yield Curve: 3 Month Treasury Yield data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

Graph and download economic data for Treasury Yield: 3 Month CD <100M (TY3MCD) from Apr 2021 to May 2025 about CD, 3-month, Treasury, yield, interest rate, interest, rate, and USA.

United States Recession Prob: Yield Curve: 3 Month Treasury Yield: Bond Equivalent data was reported at 2.294 % in Oct 2018. This records an increase from the previous number of 2.171 % for Sep 2018. United States Recession Prob: Yield Curve: 3 Month Treasury Yield: Bond Equivalent data is updated monthly, averaging 4.740 % from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 17.237 % in May 1981 and a record low of 0.010 % in Dec 2011. United States Recession Prob: Yield Curve: 3 Month Treasury Yield: Bond Equivalent data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

The three month interbank lending rate in the United States has declined sharply since 2007, when it stood at over five percent. The global financial crisis of 2008-2009 saw the rate collapse to around 0.2 percent by early 2010, with the figure generally remaining below 0.5 percent until late 2015. From late 2015 the rate somewhat recovered, reaching a peak of 2.69 percent in December 2018. However, the economic impact of the global coronavirus (COVID-19) pandemic saw the three month interbank rate collapse again. Since the beginning of 2022, however, the rate increased again and peaked 5.49 percent in September 2023. As of December 2024 the rate stood at 4.46 percent.

Interactive chart of the daily 3 month LIBOR rate back to 1986. The London Interbank Offered Rate is the average interest rate at which leading banks borrow funds from other banks in the London market. LIBOR is the most widely used global "benchmark" or reference rate for short term interest rates.

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.

United States - 3-Month Treasury Constant Maturity Minus Federal Funds Rate was -0.01% in April of 2025, according to the United States Federal Reserve. Historically, United States - 3-Month Treasury Constant Maturity Minus Federal Funds Rate reached a record high of 0.79 in October of 2022 and a record low of -2.12 in September of 1982. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - 3-Month Treasury Constant Maturity Minus Federal Funds Rate - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity, Quoted on an Investment Basis (RIFLGFCM03NA) from 1981 to 2024 about 3-month, maturity, investment, securities, yield, interest rate, interest, rate, and USA.

3-Month or 90-day Rates and Yields: Interbank Rates for the United States was 4.32% in January of 2025, according to the United States Federal Reserve. Historically, 3-Month or 90-day Rates and Yields: Interbank Rates for the United States reached a record high of 17.52 in July of 1981 and a record low of 0.10 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for 3-Month or 90-day Rates and Yields: Interbank Rates for the United States - last updated from the United States Federal Reserve on May of 2025.