Monthly
This dataset tracks monthly over time.
Latest Value
3.39
Year-over-Year Change
-41.04%
Date Range
7/1/1959 - 7/1/2001
Summary
The TB1YS series represents the 1-Year Treasury Bill secondary market rate, which tracks the yield on short-term U.S. government debt instruments. This metric is a critical indicator of short-term borrowing costs and investor sentiment in the 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
The Treasury Bill rate reflects the interest rate at which the U.S. government can borrow money for a one-year period in the secondary market. Economists and investors closely monitor this rate as a benchmark for short-term investment returns and economic expectations.
Methodology
The rate is calculated based on daily trading prices of 1-year Treasury Bills in the secondary market, with the Federal Reserve aggregating and reporting the monthly average.
Historical Context
This data is crucial for monetary policy analysis, investment strategy, and understanding short-term credit market conditions.
Key Facts
- Represents the yield on 1-year U.S. Treasury Bills
- Directly influenced by Federal Reserve monetary policy
- Used as a benchmark for short-term borrowing and investment rates
FAQs
Q: What does the TB1YS rate indicate?
A: The TB1YS rate shows the average yield on 1-year U.S. Treasury Bills in the secondary market. It reflects current short-term borrowing costs and investor expectations.
Q: How often is this rate updated?
A: The rate is typically updated monthly, aggregating daily trading data for 1-year Treasury Bills throughout the period.
Q: Why do investors care about this rate?
A: Investors use this rate to compare potential returns on short-term investments and assess overall economic conditions and monetary policy expectations.
Q: How does this rate relate to Federal Reserve policy?
A: The TB1YS rate is directly influenced by the Federal Reserve's monetary policy decisions, particularly changes in the federal funds rate.
Q: What are the limitations of this data?
A: The rate represents historical market conditions and may not perfectly predict future interest rates or economic trends. It should be used in conjunction with other economic indicators.
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Citation
U.S. Federal Reserve, Monthly [TB1YS], retrieved from FRED.
Last Checked: 8/1/2025