Market Yield on U.S. Treasury Securities at 1-Month Constant Maturity, Quoted on an Investment Basis
DGS1MO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.48
Year-over-Year Change
1.82%
Date Range
10/15/2021 - 8/14/2025
Summary
The 1-month Treasury yield represents the short-term borrowing cost for the U.S. government, reflecting current market expectations for near-term interest rates. This metric is a critical indicator of short-term economic sentiment and monetary policy 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 yield measures the return investors receive for lending money to the U.S. government for a one-month period, serving as a benchmark for short-term financial markets. Economists and investors closely track this rate as a signal of immediate economic expectations and potential shifts in monetary policy.
Methodology
The rate is calculated daily by the U.S. Treasury based on the most recently auctioned one-month Treasury bill, interpolated to a constant maturity.
Historical Context
Central banks and financial institutions use this yield as a key reference point for short-term lending rates, monetary policy decisions, and economic forecasting.
Key Facts
- Represents the shortest standard maturity in Treasury yield curve analysis
- Highly sensitive to Federal Reserve monetary policy changes
- Provides immediate insight into market liquidity and economic expectations
FAQs
Q: What does the 1-month Treasury yield indicate?
A: The yield shows the return for a very short-term U.S. government debt investment, reflecting current market expectations and immediate economic conditions.
Q: How often is this rate updated?
A: The 1-month Treasury yield is updated daily by the U.S. Treasury, reflecting the most recent market conditions and auction results.
Q: Why do investors care about the 1-month Treasury yield?
A: Investors use this rate as a benchmark for short-term investment decisions and as an indicator of potential near-term economic and monetary policy shifts.
Q: How does this yield relate to Federal Reserve policy?
A: The 1-month yield is highly responsive to expected changes in Federal Reserve interest rate policies and overall monetary stance.
Q: What are the limitations of this economic indicator?
A: While valuable, the 1-month yield provides only a snapshot of very short-term market conditions and should be analyzed alongside other economic indicators.
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Citation
U.S. Federal Reserve, Market Yield on U.S. Treasury Securities at 1-Month Constant Maturity, Quoted on an Investment Basis [DGS1MO], retrieved from FRED.
Last Checked: 8/1/2025