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Russian3-Month Treasury Bill Rate
The 3-month Treasury bill rate is 4.19%, +2 bp on the day and +17 bp over the year. One basis point (bp) is 0.01 percentage point.
Yield chart · US03MY
Daily yields since 1981.
What this yield tells you
Three-month Treasury bills are the shortest and safest US government debt. Their yield tracks the Fed funds rate closely and is treated as the risk-free rate: money market funds and stablecoin issuers that hold reserves in T-bills earn roughly this yield.
When markets expect a rate cut, bill yields start falling weeks before the Fed meeting.
For crypto, Treasury yields are the price of money: a high risk-free yield makes assets that pay no interest, bitcoin included, less attractive. Sharp yield spikes often coincide with crypto sell-offs, and falling yields with money flowing back into risk.
Historical data
| Date | Yield | Change |
|---|---|---|
| October 2, 2026 | 4.19% | +2 bp |
| October 1, 2026 | 4.17% | −3 bp |
| September 30, 2026 | 4.20% | −5 bp |
| September 29, 2026 | 4.25% | −3 bp |
| September 28, 2026 | 4.28% | +4 bp |
| September 25, 2026 | 4.24% | 0 bp |
| September 24, 2026 | 4.24% | +5 bp |
| September 23, 2026 | 4.19% | +3 bp |
| September 22, 2026 | 4.16% | −1 bp |
| September 21, 2026 | 4.17% | +3 bp |
| September 18, 2026 | 4.14% | +2 bp |
| September 17, 2026 | 4.12% | −2 bp |
| September 16, 2026 | 4.14% | +3 bp |
| September 15, 2026 | 4.11% | 0 bp |
| September 14, 2026 | 4.11% | +4 bp |
| September 11, 2026 | 4.07% | +7 bp |
| September 10, 2026 | 4.00% | +5 bp |
| September 9, 2026 | 3.95% | +1 bp |
| September 8, 2026 | 3.94% | +3 bp |
| September 4, 2026 | 3.91% | +2 bp |
| September 3, 2026 | 3.89% | −3 bp |
| September 2, 2026 | 3.92% | 0 bp |
| September 1, 2026 | 3.92% | +1 bp |
| August 31, 2026 | 3.91% | +1 bp |
| August 28, 2026 | 3.90% | +6 bp |
| August 27, 2026 | 3.84% | −1 bp |
| August 26, 2026 | 3.85% | −1 bp |
| August 25, 2026 | 3.86% | −1 bp |
| August 24, 2026 | 3.87% | −1 bp |
| August 21, 2026 | 3.88% | +1 bp |
Other maturities
| Maturity | Yield | Day |
|---|---|---|
| 2-Year Treasury note | 4.83% | +5 bp |
| 5-Year Treasury note | 5.06% | +5 bp |
| 10-Year Treasury note | 5.28% | +4 bp |
| 30-Year Treasury bond | 5.63% | +2 bp |
3-Month Treasury Bill Rate by year
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2026 | 3.67% | 4.19% | 4.28% | 3.62% | +52 bp |
| 2025 | 4.37% | 3.67% | 4.46% | 3.62% | −70 bp |
| 2024 | 5.40% | 4.37% | 5.52% | 4.31% | −103 bp |
| 2023 | 4.42% | 5.40% | 5.63% | 4.52% | +98 bp |
| 2022 | 0.06% | 4.42% | 4.46% | 0.08% | +436 bp |
| 2021 | 0.09% | 0.06% | 0.09% | 0.01% | −3 bp |
| 2020 | 1.55% | 0.09% | 1.59% | 0.00% | −146 bp |
| 2019 | 2.45% | 1.55% | 2.49% | 1.52% | −90 bp |
| 2018 | 1.39% | 2.45% | 2.45% | 1.39% | +106 bp |
| 2017 | 0.51% | 1.39% | 1.47% | 0.50% | +88 bp |
| 2016 | 0.16% | 0.51% | 0.55% | 0.18% | +35 bp |
| 2015 | 0.04% | 0.16% | 0.29% | 0.00% | +12 bp |
| 2014 | 0.07% | 0.04% | 0.08% | 0.01% | −3 bp |
| 2013 | 0.05% | 0.07% | 0.14% | 0.00% | +2 bp |
| 2012 | 0.02% | 0.05% | 0.14% | 0.01% | +3 bp |
| 2011 | 0.12% | 0.02% | 0.16% | 0.00% | −10 bp |
| 2010 | 0.06% | 0.12% | 0.18% | 0.04% | +6 bp |
| 2009 | 0.11% | 0.06% | 0.32% | 0.02% | −5 bp |
| 2008 | 3.36% | 0.11% | 3.27% | 0.00% | −325 bp |
| 2007 | 5.02% | 3.36% | 5.19% | 2.87% | −166 bp |
| 2006 | 4.08% | 5.02% | 5.13% | 4.16% | +94 bp |
| 2005 | 2.22% | 4.08% | 4.08% | 2.31% | +186 bp |
| 2004 | 0.95% | 2.22% | 2.26% | 0.87% | +127 bp |
| 2003 | 1.22% | 0.95% | 1.22% | 0.81% | −27 bp |
| 2002 | 1.74% | 1.22% | 1.88% | 1.16% | −52 bp |
| 2001 | 5.89% | 1.74% | 5.87% | 1.66% | −415 bp |
| 2000 | 5.33% | 5.89% | 6.42% | 5.27% | +56 bp |
| 1999 | 4.48% | 5.33% | 5.63% | 4.30% | +85 bp |
| 1998 | 5.36% | 4.48% | 5.34% | 3.65% | −88 bp |
| 1997 | 5.21% | 5.36% | 5.46% | 4.93% | +15 bp |
| 1996 | 5.10% | 5.21% | 5.37% | 4.89% | +11 bp |
| 1995 | 5.68% | 5.10% | 6.07% | 4.98% | −58 bp |
| 1994 | 3.07% | 5.68% | 6.03% | 2.98% | +261 bp |
| 1993 | 3.15% | 3.07% | 3.21% | 2.85% | −8 bp |
| 1992 | 3.96% | 3.15% | 4.18% | 2.67% | −81 bp |
| 1991 | 6.63% | 3.96% | 6.73% | 3.84% | −267 bp |
| 1990 | 7.80% | 6.63% | 8.26% | 6.63% | −117 bp |
| 1989 | 8.37% | 7.80% | 9.45% | 7.68% | −57 bp |
| 1988 | 5.86% | 8.37% | 8.55% | 5.76% | +251 bp |
| 1987 | 5.83% | 5.86% | 7.45% | 5.19% | +3 bp |
| 1986 | 7.28% | 5.83% | 7.48% | 5.18% | −145 bp |
| 1985 | 8.12% | 7.28% | 9.12% | 6.87% | −84 bp |
| 1984 | 9.33% | 8.12% | 11.14% | 7.89% | −121 bp |
| 1983 | 8.20% | 9.33% | 9.98% | 7.79% | +113 bp |
| 1982 | 11.54% | 8.20% | 15.49% | 7.31% | −334 bp |
| 1981 | 17.01% | 11.54% | 17.01% | 10.29% | −547 bp |
Frequently asked questions
What is the 3-Month Treasury bill yield today?
4.19%, +2 bp on the day.
What are the record high and low?
High: 17.01% (September 1, 1981); low: 0.00% (December 10, 2008), data since 1981.
Why do yields rise when bond prices fall?
The coupon is fixed. If a bond sells below face value, the same coupon is a bigger percentage of what the buyer paid, which is a higher yield.
How do Treasury yields affect bitcoin?
Higher risk-free yields make money more expensive and reduce demand for risky assets that pay no interest, so sharp yield rises usually weigh on bitcoin and falling yields support it.