The 3-Month Bill Auction is a weekly sale of short-term U.S. Treasury bills with a maturity of 13 weeks. These bills are sold at a discount to their face value and do not pay regular interest. They are considered one of the safest investments in the world and serve as a key benchmark for short-term interest rates. The auction results provide insight into the liquidity levels in the financial system and investor sentiment regarding near-term monetary policy.
Treasury bills are auctioned on a discount basis. The discount rate and investment yield are determined by competitive bidding, where the highest discount rate that allows the Treasury to sell the desired amount becomes the rate for all successful bidders.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Oct 13, 2026 | — | 3.01 | — |
| Oct 6, 2026 | 3.06 | 3.01 | +0.05 |
| Sep 29, 2026 | 3.08 | 2.91 | +0.18 |
| Sep 15, 2026 | 2.90 | 2.81 | +0.09 |
| Sep 8, 2026 | 2.88 | 2.81 | +0.07 |
| Sep 1, 2026 | 2.89 | 2.81 | +0.08 |
| Aug 25, 2026 | 2.85 | 2.90 | -0.05 |
| Aug 18, 2026 | 2.84 | — | — |
| Aug 11, 2026 | 2.76 | — | — |
| Aug 4, 2026 | 2.76 | — | — |
| Jul 28, 2026 | 2.78 | — | — |
| Jul 21, 2026 | 2.74 | — | — |
| Jul 14, 2026 | 2.70 | — | — |
| Jul 7, 2026 | 2.57 | — | — |
| Jun 30, 2026 | 2.56 | — | — |
| Jun 23, 2026 | 2.56 | — | — |
| Jun 16, 2026 | 2.48 | — | — |
| Jun 9, 2026 | 2.49 | — | — |
| Jun 2, 2026 | 2.49 | — | — |
| May 26, 2026 | 2.48 | — | — |
| May 19, 2026 | 2.46 | — | — |
| May 12, 2026 | 2.52 | — | — |
| May 5, 2026 | 2.48 | — | — |
| Apr 28, 2026 | 2.53 | — | — |
| Apr 21, 2026 | 2.46 | — | — |
| Apr 14, 2026 | 2.46 | — | — |
| Apr 7, 2026 | 2.48 | — | — |
| Mar 31, 2026 | 2.50 | — | — |
| Mar 24, 2026 | 2.46 | — | — |
| Mar 17, 2026 | 2.42 | — | — |
| Mar 10, 2026 | 2.41 | — | — |
| Mar 3, 2026 | 2.39 | — | — |
| Feb 24, 2026 | 2.38 | — | — |
| Feb 17, 2026 | 2.36 | — | — |
| Feb 10, 2026 | 2.38 | — | — |
| Feb 3, 2026 | 2.39 | — | — |
| Jan 27, 2026 | 2.40 | — | — |
| Jan 20, 2026 | 2.40 | — | — |
| Jan 13, 2026 | 2.39 | — | — |
| Dec 9, 2025 | 2.41 | — | — |
| Nov 25, 2025 | 2.37 | — | — |
| Nov 18, 2025 | 2.41 | — | — |
| Nov 11, 2025 | 2.39 | — | — |
| Nov 4, 2025 | 2.47 | — | — |
| Oct 28, 2025 | 2.48 | — | — |
| Oct 21, 2025 | 2.48 | — | — |
| Oct 14, 2025 | 2.47 | — | — |
| Oct 7, 2025 | 2.61 | — | — |
| Sep 30, 2025 | 2.68 | — | — |
| Sep 23, 2025 | 2.86 | — | — |
| Sep 16, 2025 | 2.97 | — | — |
The latest reading is 2.4 standard deviations above the mean.
