6-Month Treasury Bill Secondary Market Rate, Discount Basis

This dataset tracks 6-month treasury bill secondary market rate, discount basis over time.

Latest Value

3.99

Year-over-Year Change

-3.16%

Date Range

12/9/1958 - 8/5/2025

Summary

The 6-Month Treasury Bill Secondary Market Rate represents the yield on short-term U.S. government debt traded in the secondary market. This rate is a critical indicator of short-term borrowing costs and investor sentiment in the U.S. financial markets.

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 expectations for short-term interest rates and serves as a benchmark for various financial instruments and lending products. Economists and investors closely monitor this rate as a key signal of monetary policy expectations and overall economic conditions.

Methodology

The rate is calculated based on daily trading prices of 6-month Treasury bills in the secondary market, representing the discount yield at which these securities are traded.

Historical Context

Central banks, financial institutions, and investors use this rate to assess short-term economic conditions, investment strategies, and potential monetary policy shifts.

Key Facts

  • Represents the yield on 6-month U.S. Treasury bills in the secondary market
  • Directly influenced by Federal Reserve monetary policy
  • Used as a benchmark for short-term borrowing and investment rates

FAQs

Q: What does the 6-Month Treasury Bill Rate indicate?

A: The rate indicates short-term borrowing costs and market expectations for interest rates. It reflects current economic conditions and potential monetary policy directions.

Q: How often is this rate updated?

A: The rate is typically updated daily, reflecting real-time trading in the secondary market for Treasury bills.

Q: Why do investors care about this rate?

A: Investors use this rate to assess potential returns on short-term investments and gauge overall economic and monetary policy trends.

Q: How does this rate relate to Federal Reserve policy?

A: The rate is closely tied to the Federal Reserve's monetary policy decisions, particularly regarding short-term interest rates and economic stimulus.

Q: What are the limitations of this rate?

A: The rate represents a snapshot of market conditions and can change rapidly based on economic news, policy shifts, and market sentiment.

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Citation

U.S. Federal Reserve, 6-Month Treasury Bill Secondary Market Rate, Discount Basis [DTB6], retrieved from FRED.

Last Checked: 8/1/2025

Interest Rate: 6-Month Treasury Bill Secondary Market Rat...