3-Month Treasury Bill Secondary Market Rate, Discount Basis
Daily
DTB3 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.14
Year-over-Year Change
-2.59%
Date Range
10/12/2021 - 8/8/2025
Summary
The Daily Treasury Bill Rate (DTB3) tracks the 3-month Treasury bill secondary market rate, representing a key short-term interest rate benchmark. This metric provides critical insights into short-term borrowing costs and market expectations of monetary policy.
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 DTB3 reflects the daily yield for 3-month U.S. Treasury bills traded in secondary financial markets, serving as a fundamental indicator of short-term credit conditions. Economists and investors closely monitor this rate as a barometer of current economic sentiment and potential future monetary policy directions.
Methodology
The rate is calculated based on daily trading prices of 3-month Treasury bills in secondary markets, aggregated and reported by the Federal Reserve.
Historical Context
Central banks, financial institutions, and investors use this rate to assess short-term lending conditions, investment strategies, and potential economic trends.
Key Facts
- Represents the daily yield for 3-month U.S. Treasury bills
- Updated frequently to reflect current market conditions
- Crucial indicator for short-term borrowing costs
FAQs
Q: What does the DTB3 rate indicate?
A: The DTB3 rate shows the daily yield for 3-month Treasury bills, reflecting short-term borrowing costs and market expectations.
Q: How often is the DTB3 rate updated?
A: The rate is updated daily to capture the most current market conditions and trading prices.
Q: Why do investors care about the DTB3 rate?
A: Investors use this rate to assess short-term investment opportunities, economic conditions, and potential shifts in monetary policy.
Q: How does the DTB3 relate to Federal Reserve policy?
A: The rate provides insights into market expectations of potential Federal Reserve interest rate decisions and overall economic outlook.
Q: What are the limitations of the DTB3 rate?
A: While informative, the rate represents a snapshot of current market conditions and should be analyzed alongside other economic indicators.
Similar DTB Trends
Citation
U.S. Federal Reserve, Daily [DTB3], retrieved from FRED.
Last Checked: 8/1/2025