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 19, 2026 | — | 4.01 | — |
| Oct 13, 2026 | 4.08 | 4.01 | +0.08 |
| Oct 5, 2026 | 4.05 | 4.11 | -0.06 |
| Sep 28, 2026 | 4.11 | 4.01 | +0.10 |
| Sep 21, 2026 | 4.01 | 3.91 | +0.11 |
| Sep 14, 2026 | 3.97 | 3.81 | +0.16 |
| Sep 8, 2026 | 3.80 | 3.71 | +0.09 |
| Aug 31, 2026 | 3.77 | 3.71 | +0.06 |
| Aug 24, 2026 | 3.71 | — | — |
| Aug 17, 2026 | 3.71 | — | — |
| Aug 10, 2026 | 3.73 | — | — |
| Aug 3, 2026 | 3.75 | — | — |
| Jul 27, 2026 | 3.81 | — | — |
| Jul 20, 2026 | 3.73 | — | — |
| Jul 13, 2026 | 3.76 | — | — |
| Jul 6, 2026 | 3.73 | — | — |
| Jun 29, 2026 | 3.74 | — | — |
| Jun 22, 2026 | 3.69 | — | — |
| Jun 15, 2026 | 3.64 | — | — |
| Jun 8, 2026 | 3.64 | — | — |
| Jun 1, 2026 | 3.63 | — | — |
| May 26, 2026 | 3.60 | — | — |
| May 18, 2026 | 3.60 | — | — |
| May 11, 2026 | 3.61 | — | — |
| May 4, 2026 | 3.61 | — | — |
| Apr 27, 2026 | 3.59 | — | — |
| Apr 20, 2026 | 3.61 | — | — |
| Apr 13, 2026 | 3.62 | — | — |
| Apr 6, 2026 | 3.63 | — | — |
| Mar 30, 2026 | 3.62 | — | — |
| Mar 23, 2026 | 3.63 | — | — |
| Mar 16, 2026 | 3.61 | — | — |
| Mar 9, 2026 | 3.60 | — | — |
| Mar 2, 2026 | 3.61 | — | — |
| Feb 23, 2026 | 3.59 | — | — |
| Feb 17, 2026 | 3.60 | — | — |
| Feb 9, 2026 | 3.60 | — | — |
| Feb 2, 2026 | 3.60 | — | — |
| Jan 26, 2026 | 3.58 | — | — |
| Jan 20, 2026 | 3.59 | — | — |
| Jan 12, 2026 | 3.57 | — | — |
| Jan 5, 2026 | 3.54 | — | — |
| Dec 29, 2025 | 3.57 | — | — |
| Dec 22, 2025 | 3.56 | — | — |
| Dec 15, 2025 | 3.56 | — | — |
| Dec 8, 2025 | 3.65 | — | — |
| Dec 1, 2025 | 3.73 | — | — |
| Nov 24, 2025 | 3.75 | — | — |
| Nov 17, 2025 | 3.79 | — | — |
| Nov 10, 2025 | 3.78 | — | — |
| Nov 3, 2025 | 3.81 | — | — |
The latest reading is 2.6 standard deviations above the mean.
