3-Month Treasury Bill Secondary Market Rate, Discount Basis
The 3-month Treasury bill secondary-market rate on a discount basis. It is not a bond-equivalent yield.
4.10
Percent
3 month treasury bill rate — latest reading: 4.10 percent. As of October 2026, it is up 0.5% over the past 12 months, above its 10-year average. Source: DTB3, US Federal Reserve Board, published daily. Reported as published, without transformation and never restated once published. Higher than all but 915 of 5000 readings since 2006-10-20. Last at or above this level on 2026-09-28.
Min
-0.05
Max
5.36
Average
1.60
10Y Percentile
72%
3M Change
+1.2%
3-Month Treasury Bill Secondary Market Rate, Discount Basis (DTB3) — 5000 observations from 2006-10-20 to 2026-10-14. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare 3-Month Treasury Bill Secondary Market Rate, Discount Basis with other indicators →
Revisions
None. Across the 12 most recent prints held in the vintage archive, 3-Month Treasury Bill Secondary Market Rate, Discount Basis was published once each and never restated. Market series behave this way; survey and sample-based statistics generally do not. How this is computed.
Macro Regime Context
The financial-conditions regime is currently neutral (97% confidence).
See what this means across all four regime dimensions →3-Month
+1.2%
6-Month
+1.2%
12-Month
+0.5%
What this means
3-Month Treasury Bill Secondary Market Rate, Discount Basis is currently at 4.10 percent, which is above its 10-year historical average. The trend is increasing (+1.2% over the past 3 months).
Over the past 6 months the change is +1.2%, and over 12 months it is +0.5%. The short-term move is accelerating relative to the longer trend.
Cite this page
MacroRadar, "3-Month Treasury Bill Secondary Market Rate, Discount Basis," https://www.macroradar.io/3-month-treasury-bill-secondary-market-rate-discount-basis (as of October 2026).