3 Month Treasury Bill Rate is at 5.21%, compared to 5.22% the previous market day and 4.72% last year. This is higher than the long term average of 4.19%.
The 3 Month Treasury Bill Rate is the yield received for investing in a government issued treasury security that has a maturity of 3 months. The 3 month treasury yield is included on the shorter end of the yield curve and is important when looking at the overall US economy. The 3 month treasury yield hovered near 0 from 2009-2015 as the Federal Reserve maintained its benchmark rates at 0 in the aftermath of the Great Recession.
