1-Year Treasury Bill Secondary Market Rate, Discount Basis
DTB1YR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.76
Year-over-Year Change
-3.84%
Date Range
10/6/2021 - 8/5/2025
Summary
The 1-Year Treasury Bill Secondary Market Rate represents the yield on one-year U.S. government debt traded between investors after initial issuance. This rate is a critical benchmark for short-term borrowing costs and provides insight into market expectations for near-term economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This rate reflects the current market price of one-year government debt, indicating investors' perceptions of future interest rates and economic stability. Economists and investors closely monitor this rate as a key indicator of short-term financial market sentiment and potential monetary policy shifts.
Methodology
The rate is calculated based on daily secondary market transactions of 1-year Treasury bills, representing the average yield at which these securities are traded among investors.
Historical Context
Central banks, financial institutions, and policymakers use this rate to assess short-term lending conditions and inform monetary policy decisions.
Key Facts
- Represents the yield on 1-year U.S. government debt in secondary markets
- Provides insight into short-term borrowing costs and economic expectations
- Updated daily to reflect current market conditions
FAQs
Q: How does the 1-Year Treasury Bill Rate impact individual investors?
A: The rate influences savings account yields, certificate of deposit (CD) rates, and short-term investment returns for individual investors.
Q: Why do investors track this rate?
A: Investors use this rate to assess potential returns, compare investment opportunities, and gauge overall economic and market conditions.
Q: How is this rate different from the Federal Funds Rate?
A: While the Federal Funds Rate is set by the Federal Reserve, the Treasury Bill Rate is determined by market trading and reflects investor sentiment.
Q: What economic factors influence this rate?
A: Inflation expectations, monetary policy, economic growth projections, and overall market liquidity can significantly impact the 1-Year Treasury Bill Rate.
Q: How frequently is this data updated?
A: The rate is updated daily on trading days, providing real-time insights into short-term debt market conditions.
Related Trends
Citation
U.S. Federal Reserve, 1-Year Treasury Bill Secondary Market Rate, Discount Basis [DTB1YR], retrieved from FRED.
Last Checked: 8/1/2025