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3-month Treasury bill rate: history since 1954

On , the 3-month Treasury bill rate was 4.01%, up 0.15 percentage points from 3.86% on .

3-month Treasury bill rate

4.01%

up 0.01 percentage points from 1 October 2026

2 October 2026 · H.15

A year earlier

3.86%

2 October 2025

Last day it was higher

4.03%

30 September 2026

Last day it was lower

4.00%

1 October 2026

What has the 3-month Treasury bill rate been over time?

All rates by year

3-month Treasury bill rate, average of each month

%

3-month Treasury bill rate, average of each month0.0%5.0%10.0%15.0%20.0%January 1954May 1990October 20263-month Treasury bill rate, average of each month0.0%5.0%10.0%15.0%20.0%January 1954May 1990October 2026

Source: Board of Governors of the Federal Reserve System, H.15 Selected Interest Rates. Observed .

The numbers behind this chart
3-month Treasury bill rate, average of each month, newest first (%)
MonthAverage
October 20264.00%
September 20263.94%
August 20263.72%
July 20263.73%
June 20263.66%
May 20263.60%
April 20263.61%
March 20263.61%
February 20263.60%
January 20263.57%
December 20253.59%
November 20253.78%
October 20253.82%
September 20253.92%
August 20254.12%
July 20254.25%
June 20254.23%
May 20254.25%
April 20254.21%
March 20254.20%
February 20254.22%
January 20254.21%
December 20244.27%
November 20244.42%
Show 850 more rows
3-month Treasury bill rate, average of each month, newest first (%) (continued)
MonthAverage
October 20244.51%
September 20244.72%
August 20245.05%
July 20245.20%
June 20245.24%
May 20245.25%
April 20245.24%
March 20245.24%
February 20245.24%
January 20245.22%
December 20235.24%
November 20235.27%
October 20235.34%
September 20235.32%
August 20235.30%
July 20235.25%
June 20235.16%
May 20235.14%
April 20234.92%
March 20234.69%
February 20234.65%
January 20234.54%
December 20224.25%
November 20224.15%
October 20223.72%
September 20223.13%
August 20222.63%
July 20222.23%
June 20221.49%
May 20220.98%
April 20220.76%
March 20220.44%
February 20220.33%
January 20220.15%
December 20210.06%
November 20210.05%
October 20210.05%
September 20210.04%
August 20210.05%
July 20210.05%
June 20210.04%
May 20210.02%
April 20210.02%
March 20210.03%
February 20210.04%
January 20210.08%
December 20200.09%
November 20200.09%
October 20200.10%
September 20200.11%
August 20200.10%
July 20200.13%
June 20200.16%
May 20200.13%
April 20200.14%
March 20200.29%
February 20201.52%
January 20201.52%
December 20191.54%
November 20191.54%
October 20191.65%
September 20191.89%
August 20191.95%
July 20192.10%
June 20192.17%
May 20192.35%
April 20192.38%
March 20192.40%
February 20192.39%
January 20192.37%
December 20182.37%
November 20182.33%
October 20182.25%
September 20182.13%
August 20182.03%
July 20181.96%
June 20181.90%
May 20181.86%
April 20181.76%
March 20181.70%
February 20181.57%
January 20181.41%
December 20171.32%
November 20171.23%
October 20171.07%
September 20171.03%
August 20171.01%
July 20171.07%
June 20170.98%
May 20170.89%
April 20170.80%
March 20170.74%
February 20170.52%
January 20170.51%
December 20160.51%
November 20160.45%
October 20160.33%
September 20160.29%
August 20160.30%
July 20160.30%
June 20160.27%
May 20160.27%
April 20160.23%
March 20160.29%
February 20160.31%
January 20160.26%
December 20150.23%
November 20150.12%
October 20150.02%
September 20150.02%
August 20150.07%
July 20150.03%
June 20150.02%
May 20150.02%
April 20150.02%
March 20150.03%
February 20150.02%
January 20150.03%
December 20140.03%
November 20140.02%
October 20140.02%
September 20140.02%
August 20140.03%
July 20140.03%
June 20140.04%
May 20140.03%
April 20140.03%
March 20140.05%
February 20140.05%
January 20140.04%
December 20130.07%
November 20130.07%
October 20130.05%
September 20130.02%
August 20130.04%
July 20130.04%
June 20130.05%
May 20130.04%
April 20130.06%
March 20130.09%
February 20130.10%
January 20130.07%
December 20120.07%
November 20120.09%
October 20120.10%
September 20120.11%
August 20120.10%
July 20120.10%
June 20120.09%
May 20120.09%
April 20120.08%
March 20120.08%
February 20120.09%
January 20120.03%
December 20110.01%
November 20110.01%
October 20110.02%
September 20110.01%
August 20110.02%
July 20110.04%
June 20110.04%
May 20110.04%
April 20110.06%
March 20110.10%
February 20110.13%
January 20110.15%
December 20100.14%
November 20100.14%
October 20100.13%
September 20100.15%
August 20100.16%
July 20100.16%
June 20100.12%
May 20100.16%
April 20100.16%
March 20100.15%
February 20100.11%
January 20100.06%
December 20090.05%
November 20090.05%
October 20090.07%
September 20090.12%
August 20090.17%
July 20090.18%
June 20090.18%
May 20090.18%
April 20090.16%
March 20090.21%
February 20090.30%
January 20090.13%
December 20080.03%
November 20080.19%
October 20080.67%
September 20081.13%
August 20081.72%
July 20081.63%
June 20081.86%
May 20081.73%
April 20081.29%
March 20081.26%
February 20082.12%
January 20082.75%
December 20073.00%
November 20073.27%
October 20073.90%
September 20073.89%
August 20074.20%
July 20074.82%
June 20074.61%
May 20074.73%
April 20074.87%
March 20074.94%
February 20075.03%
January 20074.98%
December 20064.85%
November 20064.94%
October 20064.92%
September 20064.81%
August 20064.96%
July 20064.95%
June 20064.79%
May 20064.72%
April 20064.60%
March 20064.51%
February 20064.43%
January 20064.24%
December 20053.89%
November 20053.88%
October 20053.71%
September 20053.42%
August 20053.44%
July 20053.22%
June 20052.97%
May 20052.84%
April 20052.78%
March 20052.74%
February 20052.54%
January 20052.33%
December 20042.19%
November 20042.07%
October 20041.76%
September 20041.65%
August 20041.48%
July 20041.33%
June 20041.27%
May 20041.02%
April 20040.94%
March 20040.94%
February 20040.93%
January 20040.88%
December 20030.90%
November 20030.93%
October 20030.92%
September 20030.94%
August 20030.95%
July 20030.90%
June 20030.92%
May 20031.07%
April 20031.13%
March 20031.13%
February 20031.17%
January 20031.17%
December 20021.19%
November 20021.23%
October 20021.58%
September 20021.63%
August 20021.62%
July 20021.68%
June 20021.70%
May 20021.73%
April 20021.71%
March 20021.79%
February 20021.72%
January 20021.65%
December 20011.69%
November 20011.87%
October 20012.16%
September 20012.64%
August 20013.36%
July 20013.51%
June 20013.49%
May 20013.62%
April 20013.87%
March 20014.42%
February 20014.88%
January 20015.15%
December 20005.77%
November 20006.17%
October 20006.11%
September 20006.00%
August 20006.09%
July 20005.96%
June 20005.69%
May 20005.79%
April 20005.66%
March 20005.69%
February 20005.55%
January 20005.32%
December 19995.20%
November 19995.07%
October 19994.86%
September 19994.68%
August 19994.72%
July 19994.55%
June 19994.57%
May 19994.50%
April 19994.29%
March 19994.44%
February 19994.44%
January 19994.34%
December 19984.39%
November 19984.41%
October 19983.96%
September 19984.61%
August 19984.90%
July 19984.96%
June 19984.98%
May 19985.00%
April 19984.95%
March 19985.03%
February 19985.09%
January 19985.04%
December 19975.16%
November 19975.14%
October 19974.97%
September 19974.95%
August 19975.14%
July 19975.05%
June 19974.93%
May 19975.05%
April 19975.16%
March 19975.14%
February 19975.01%
January 19975.03%
December 19964.91%
November 19965.03%
October 19964.99%
September 19965.09%
August 19965.05%
July 19965.15%
June 19965.09%
May 19965.02%
April 19964.95%
March 19964.96%
February 19964.83%
January 19965.00%
December 19955.14%
November 19955.36%
October 19955.28%
September 19955.28%
August 19955.40%
July 19955.42%
June 19955.47%
May 19955.66%
April 19955.65%
March 19955.73%
February 19955.77%
January 19955.71%
December 19945.60%
November 19945.29%
October 19944.95%
September 19944.62%
August 19944.48%
July 19944.33%
June 19944.14%
May 19944.14%
April 19943.68%
March 19943.50%
February 19943.25%
January 19942.98%
December 19933.06%
November 19933.10%
October 19933.02%
September 19932.95%
August 19933.02%
July 19933.04%
June 19933.07%
May 19932.96%
April 19932.87%
March 19932.95%
February 19932.93%
January 19933.00%
December 19923.22%
November 19923.13%
October 19922.86%
September 19922.91%
August 19923.13%
July 19923.21%
June 19923.66%
May 19923.63%
April 19923.75%
March 19924.04%
February 19923.84%
January 19923.80%
December 19914.07%
November 19914.56%
October 19914.99%
September 19915.22%
August 19915.33%
July 19915.58%
June 19915.57%
May 19915.46%
April 19915.65%
March 19915.90%
February 19915.94%
January 19916.22%
December 19906.74%
November 19907.06%
October 19907.17%
September 19907.36%
August 19907.45%
July 19907.62%
June 19907.73%
May 19907.74%
April 19907.77%
March 19907.90%
February 19907.74%
January 19907.64%
December 19897.63%
November 19897.69%
October 19897.64%
September 19897.75%
August 19897.90%
July 19897.88%
June 19898.15%
May 19898.43%
April 19898.65%
March 19898.82%
February 19898.53%
January 19898.27%
December 19888.07%
November 19887.76%
October 19887.35%
September 19887.24%
August 19887.06%
July 19886.73%
June 19886.46%
May 19886.26%
April 19885.91%
March 19885.70%
February 19885.66%
January 19885.81%
December 19875.77%
November 19875.69%
October 19876.13%
September 19876.40%
August 19876.04%
July 19875.69%
June 19875.67%
May 19875.66%
April 19875.64%
March 19875.59%
February 19875.59%
January 19875.43%
December 19865.53%
November 19865.35%
October 19865.18%
September 19865.21%
August 19865.53%
July 19865.83%
June 19866.21%
May 19866.15%
April 19866.06%
March 19866.56%
February 19867.06%
January 19867.07%
December 19857.10%
November 19857.24%
October 19857.16%
September 19857.10%
August 19857.14%
July 19857.08%
June 19856.95%
May 19857.48%
April 19857.95%
March 19858.52%
February 19858.26%
January 19857.76%
December 19848.06%
November 19848.61%
October 19849.74%
September 198410.37%
August 198410.47%
July 198410.12%
June 19849.87%
May 19849.83%
April 19849.69%
March 19849.52%
February 19849.09%
January 19848.90%
December 19839.00%
November 19838.76%
October 19838.64%
September 19839.00%
August 19839.34%
July 19839.08%
June 19838.79%
May 19838.19%
April 19838.21%
March 19838.35%
February 19838.11%
January 19837.86%
December 19827.94%
November 19828.07%
October 19827.71%
September 19827.92%
August 19828.68%
July 198211.35%
June 198212.47%
May 198212.09%
April 198212.70%
March 198212.68%
February 198213.48%
January 198212.28%
December 198110.85%
November 198110.86%
October 198113.54%
September 198114.70%
August 198115.51%
July 198114.95%
June 198114.73%
May 198116.30%
April 198113.69%
March 198113.36%
February 198114.79%
January 198115.02%
December 198015.49%
November 198013.73%
October 198011.62%
September 198010.27%
August 19809.13%
July 19808.06%
June 19807.07%
May 19808.58%
April 198013.20%
March 198015.20%
February 198012.86%
January 198012.00%
December 197912.04%
November 197911.79%
October 197911.70%
September 197910.26%
August 19799.52%
July 19799.24%
June 19799.06%
May 19799.61%
April 19799.46%
March 19799.48%
February 19799.32%
January 19799.35%
December 19789.08%
November 19788.64%
October 19787.99%
September 19787.84%
August 19787.08%
July 19787.01%
June 19786.73%
May 19786.41%
April 19786.29%
March 19786.29%
February 19786.45%
January 19786.44%
December 19776.07%
November 19776.10%
October 19776.16%
September 19775.81%
August 19775.49%
July 19775.19%
June 19775.02%
May 19774.96%
April 19774.54%
March 19774.60%
February 19774.67%
January 19774.62%
December 19764.35%
November 19764.75%
October 19764.92%
September 19765.08%
August 19765.14%
July 19765.23%
June 19765.41%
May 19765.20%
April 19764.86%
March 19765.00%
February 19764.88%
January 19764.87%
December 19755.44%
November 19755.48%
October 19755.96%
September 19756.42%
August 19756.44%
July 19756.13%
June 19755.34%
May 19755.23%
April 19755.61%
March 19755.49%
February 19755.50%
January 19756.26%
December 19747.15%
November 19747.47%
October 19747.46%
September 19748.06%
August 19748.96%
July 19747.55%
June 19747.90%
May 19748.23%
April 19748.33%
March 19747.96%
February 19747.12%
January 19747.77%
December 19737.45%
November 19737.83%
October 19737.22%
September 19738.29%
August 19738.67%
July 19738.01%
June 19737.19%
May 19736.36%
April 19736.26%
March 19736.09%
February 19735.60%
January 19735.41%
December 19725.07%
November 19724.78%
October 19724.74%
September 19724.66%
August 19724.02%
July 19723.98%
June 19723.91%
May 19723.69%
April 19723.71%
March 19723.73%
February 19723.20%
January 19723.38%
December 19714.01%
November 19714.22%
October 19714.46%
September 19714.69%
August 19714.94%
July 19715.40%
June 19714.75%
May 19714.14%
April 19713.86%
March 19713.38%
February 19713.70%
January 19714.44%
December 19704.87%
November 19705.28%
October 19705.91%
September 19706.12%
August 19706.41%
July 19706.45%
June 19706.68%
May 19706.84%
April 19706.51%
March 19706.63%
February 19707.13%
January 19707.87%
December 19697.82%
November 19697.24%
October 19697.00%
September 19697.09%
August 19696.98%
July 19697.00%
June 19696.44%
May 19696.04%
April 19696.11%
March 19696.02%
February 19696.12%
January 19696.14%
December 19685.96%
November 19685.45%
October 19685.35%
September 19685.19%
August 19685.09%
July 19685.31%
June 19685.52%
May 19685.66%
April 19685.38%
March 19685.17%
February 19684.98%
January 19685.00%
December 19674.97%
November 19674.73%
October 19674.56%
September 19674.42%
August 19674.27%
July 19674.21%
June 19673.54%
May 19673.60%
April 19673.84%
March 19674.26%
February 19674.56%
January 19674.72%
December 19664.96%
November 19665.32%
October 19665.35%
September 19665.37%
August 19664.96%
July 19664.80%
June 19664.50%
May 19664.64%
April 19664.62%
March 19664.59%
February 19664.65%
January 19664.59%
December 19654.38%
November 19654.09%
October 19654.03%
September 19653.92%
August 19653.84%
July 19653.84%
June 19653.80%
May 19653.89%
April 19653.93%
March 19653.93%
February 19653.93%
January 19653.81%
December 19643.84%
November 19643.64%
October 19643.57%
September 19643.53%
August 19643.50%
July 19643.46%
June 19643.48%
May 19643.48%
April 19643.47%
March 19643.54%
February 19643.53%
January 19643.52%
December 19633.52%
November 19633.52%
October 19633.45%
September 19633.38%
August 19633.32%
July 19633.18%
June 19632.99%
May 19632.92%
April 19632.90%
March 19632.89%
February 19632.92%
January 19632.91%
December 19622.87%
November 19622.83%
October 19622.74%
September 19622.78%
August 19622.82%
July 19622.92%
June 19622.73%
May 19622.68%
April 19622.73%
March 19622.72%
February 19622.73%
January 19622.72%
December 19612.60%
November 19612.48%
October 19612.30%
September 19612.28%
August 19612.39%
July 19612.24%
June 19612.33%
May 19612.29%
April 19612.29%
March 19612.39%
February 19612.42%
January 19612.24%
December 19602.25%
November 19602.37%
October 19602.30%
September 19602.48%
August 19602.30%
July 19602.30%
June 19602.46%
May 19603.29%
April 19603.23%
March 19603.31%
February 19603.96%
January 19604.35%
December 19594.49%
November 19594.15%
October 19594.05%
September 19594.04%
August 19593.38%
July 19593.20%
June 19593.21%
May 19592.84%
April 19592.95%
March 19592.80%
February 19592.70%
January 19592.82%
December 19582.77%
November 19582.67%
October 19582.63%
September 19582.44%
August 19581.69%
July 19580.91%
June 19580.83%
May 19580.91%
April 19581.13%
March 19581.30%
February 19581.53%
January 19582.44%
December 19573.04%
November 19573.31%
October 19573.58%
September 19573.53%
August 19573.37%
July 19573.16%
June 19573.29%
May 19573.06%
April 19573.07%
March 19573.08%
February 19573.10%
January 19573.11%
December 19563.21%
November 19562.99%
October 19562.90%
September 19562.84%
August 19562.60%
July 19562.31%
June 19562.49%
May 19562.61%
April 19562.60%
March 19562.25%
February 19562.32%
January 19562.41%
December 19552.54%
November 19552.24%
October 19552.23%
September 19552.07%
August 19551.90%
July 19551.60%
June 19551.41%
May 19551.45%
April 19551.59%
March 19551.28%
February 19551.17%
January 19551.22%
December 19541.15%
November 19540.93%
October 19540.98%
September 19541.01%
August 19540.92%
July 19540.72%
June 19540.64%
May 19540.76%
April 19540.97%
March 19541.03%
February 19540.97%
January 19541.18%

Each year: average, high and low

3-month Treasury bill rate by calendar year, newest first (%)
YearAverageHighHigh onLowLow onLast value
20263.68%4.10%3.52%4.01%
20254.07%4.31%3.53%3.57%
20244.97%5.26%4.19%4.23%
20235.07%5.36%4.36%5.20%
20222.02%4.35%0.08%4.30%
20210.05%0.09%0.01%0.06%
20200.35%1.56%-0.05%0.09%
20192.06%2.43%1.49%1.52%
20181.94%2.41%1.37%2.40%
20170.93%1.45%0.49%1.37%
20160.32%0.54%0.18%0.50%
20150.05%0.29%-0.02%0.16%
20140.03%0.08%0.01%0.04%
20130.06%0.14%0.00%0.07%
20120.09%0.14%0.01%0.05%
20110.05%0.16%0.00%0.02%
20100.14%0.18%0.04%0.12%
20090.15%0.32%0.02%0.06%
20081.37%3.19%0.00%0.11%
20074.36%5.05%2.80%3.29%
Show 53 more rows
3-month Treasury bill rate by calendar year, newest first (%) (continued)
YearAverageHighHigh onLowLow onLast value
20064.73%5.00%4.07%4.89%
20053.15%3.99%2.27%3.99%
20041.37%2.24%0.85%2.18%
20031.01%1.20%0.80%0.93%
20021.61%1.83%1.14%1.20%
20013.40%5.69%1.63%1.71%
20005.82%6.24%5.13%5.73%
19994.64%5.42%4.18%5.17%
19984.78%5.20%3.56%4.37%
19975.06%5.31%4.79%5.22%
19965.01%5.21%4.76%5.07%
19955.49%5.90%4.84%4.96%
19944.25%5.78%2.92%5.53%
19933.00%3.14%2.79%3.01%
19923.43%4.08%2.61%3.08%
19915.38%6.53%3.74%3.88%
19907.50%7.99%6.44%6.44%
19898.11%9.10%7.43%7.55%
19886.67%8.26%5.59%8.10%
19875.78%7.19%5.03%5.68%
19865.97%7.24%5.04%5.67%
19857.47%8.80%6.66%7.05%
19849.54%10.67%7.63%7.85%
19838.62%9.56%7.55%8.97%
198210.60%14.57%7.08%7.92%
198114.04%17.01%9.94%11.08%
198011.39%17.14%6.18%14.30%
197910.05%13.01%8.75%12.04%
19787.18%9.37%6.09%9.26%
19775.26%6.36%4.39%6.13%
19764.98%5.57%4.24%4.34%
19755.79%6.90%4.88%5.20%
19747.85%9.74%6.12%7.06%
19737.04%9.05%5.12%7.46%
19724.06%5.19%2.99%5.14%
19714.33%5.53%3.22%3.68%
19706.39%7.93%4.74%4.85%
19696.67%8.08%5.87%8.01%
19685.34%6.29%4.82%6.25%
19674.29%5.07%3.33%5.04%
19664.86%5.59%4.33%4.81%
19653.95%4.50%3.76%4.49%
19643.55%3.87%3.42%3.82%
19633.16%3.58%2.86%3.51%
19622.77%2.98%2.63%2.92%
19612.35%2.67%2.15%2.67%
19602.87%4.68%2.05%2.20%
19593.39%4.63%2.58%4.40%
19581.77%2.87%0.55%2.68%
19573.22%3.67%2.75%2.75%
19562.62%3.32%2.06%3.22%
19551.72%2.67%1.03%2.50%
19540.94%1.33%0.61%1.02%

The table scrolls sideways; the first column stays in place.

The last 30 business days

3-month Treasury bill rate each business day, newest first (%)
DateRate
4.01%
4.00%
4.03%
4.07%
4.10%
4.08%
4.08%
4.04%
4.01%
4.02%
Show 20 more rows
3-month Treasury bill rate each business day, newest first (%) (continued)
DateRate
3.99%
3.97%
3.99%
3.97%
3.97%
3.92%
3.86%
3.81%
3.80%
3.77%
3.75%
3.78%
3.78%
3.78%
3.74%
3.69%
3.70%
3.71%
3.72%
3.72%

How this is measured

The values are the Federal Reserve Board's H.15 series "3-month Treasury bill" as published for each business day. Yearly and monthly averages, highs, lows and changes are computed by 500metrics from those values: an average is the plain mean of the business days with a value, rounded to two decimals; a high or low is the first day of the year with that value.

What this number cannot tell you
  • Business days only: days with no value (weekends, holidays) are not counted.
  • A month's average hides the moves inside the month; the last 30 days are shown day by day.
Observed
Checked by us
Sources and licence

Sources and licence

  • Board of Governors of the Federal Reserve System, H.15 Selected Interest Rates (source). Licence: Public domain, a work of the US federal government

Our text and compilation: CC BY 4.0. How to reuse and cite this page.