Monthly
This dataset tracks monthly over time.
Latest Value
3.84
Year-over-Year Change
-10.49%
Date Range
4/1/1953 - 7/1/2025
Summary
The GS3 (3-Year Treasury Constant Maturity Rate) is a key benchmark interest rate that reflects the yield on U.S. government securities with a three-year term. This metric is crucial for understanding short-to-medium-term borrowing costs and investor expectations about 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
The GS3 represents the theoretical yield of a U.S. Treasury bond if it were to be held for three years, calculated through interpolation of actively traded securities. Economists and financial analysts use this rate to gauge market sentiment, potential economic trends, and monetary policy implications.
Methodology
The rate is calculated daily by the U.S. Treasury Department based on the closing market bid yields of actively traded Treasury securities.
Historical Context
This indicator is closely monitored by the Federal Reserve, investors, and policymakers to assess economic expectations and potential interest rate movements.
Key Facts
- Represents the yield on 3-year U.S. Treasury bonds
- Updated daily by the U.S. Treasury Department
- Important indicator for short-term economic expectations
FAQs
Q: What does the GS3 rate indicate?
A: The GS3 rate shows the yield on 3-year U.S. Treasury securities, reflecting short-to-medium-term market expectations about interest rates and economic conditions.
Q: How is the GS3 rate used by investors?
A: Investors use the GS3 rate to compare potential returns, assess economic trends, and make informed decisions about fixed-income investments.
Q: How often is the GS3 rate calculated?
A: The GS3 rate is calculated daily by the U.S. Treasury Department based on market trading of Treasury securities.
Q: Why is the GS3 rate important for economic policy?
A: The rate provides insights into market expectations about future economic conditions and potential monetary policy changes.
Q: What are the limitations of the GS3 rate?
A: The GS3 rate is a snapshot of market conditions and can change rapidly based on economic news, investor sentiment, and Federal Reserve actions.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices such as the Nasdaq and S&P 500 leading this recovery. The primary metric underpinning these shifts is the civilian employment-to-population ratio, reflecting positive economic momentum. This boost in indices can be linked to a complex interplay of factors, including recent economic data, renewed market optimism, and evolving investor behavior, casting
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Monthly [GS3], retrieved from FRED.
Last Checked: 8/1/2025