The 42-Day Bill Auction represents the sale of short-term US Treasury securities, often referred to as Cash Management Bills. These auctions are conducted by the Department of the Treasury to manage short-term fluctuations in the government's cash position. Investors monitor the auction's high yield and bid-to-cover ratio to gauge demand for safe-haven assets and short-term interest rate expectations. The results provide insights into the liquidity levels within the US financial system.
The auction is conducted via a Dutch auction process where competitive and non-competitive bids are submitted. The final interest rate is determined by the highest yield at which the total amount of bills offered is sold.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Feb 18, 2025 | 4.27 | — | — |
| Feb 11, 2025 | 4.26 | — | — |
| Feb 4, 2025 | 4.25 | — | — |
| Jan 28, 2025 | 4.26 | — | — |
| Jan 21, 2025 | 4.25 | — | — |
| Jan 14, 2025 | 4.24 | — | — |
| Jan 7, 2025 | 4.25 | — | — |
| Dec 23, 2024 | 4.28 | — | — |
| Dec 17, 2024 | 4.27 | — | — |
| Dec 10, 2024 | 4.32 | — | — |
| Dec 3, 2024 | 4.40 | — | — |
| Nov 19, 2024 | 4.48 | — | — |
| Nov 12, 2024 | 4.55 | — | — |
| Nov 5, 2024 | 4.55 | — | — |
| Oct 29, 2024 | 4.63 | — | — |
| Oct 22, 2024 | 4.65 | — | — |
| Oct 8, 2024 | 4.72 | — | — |
| Oct 1, 2024 | 4.75 | — | — |
| Sep 24, 2024 | 4.62 | — | — |
| Sep 17, 2024 | 4.92 | — | — |
| Sep 10, 2024 | 4.98 | — | — |
| Sep 3, 2024 | 5.12 | — | — |
| Aug 27, 2024 | 5.15 | — | — |
| Aug 20, 2024 | 5.18 | — | — |
| Aug 6, 2024 | 5.27 | — | — |
| Jul 30, 2024 | 5.28 | — | — |
| Jul 23, 2024 | 5.27 | — | — |
| Jul 16, 2024 | 5.26 | — | — |
| Jul 9, 2024 | 5.27 | — | — |
| Jun 25, 2024 | 5.25 | — | — |
| Jun 17, 2024 | 5.27 | — | — |
| Jun 11, 2024 | 5.27 | — | — |
| Jun 4, 2024 | 5.28 | — | — |
| May 28, 2024 | 5.28 | — | — |
| May 14, 2024 | 5.28 | — | — |
| May 7, 2024 | 5.28 | — | — |
| Apr 23, 2024 | 5.29 | — | — |
| Apr 16, 2024 | 5.29 | — | — |
| Apr 9, 2024 | 5.28 | — | — |
| Apr 2, 2024 | 5.28 | — | — |
| Mar 26, 2024 | 5.28 | — | — |
| Dec 5, 2023 | 5.29 | — | — |
The latest reading is 1.3 standard deviations below the mean.
