US 3-Month Government Bond Yield
US 3-Month Government Bond Yield stood at 4.28% on Oct 15, 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the Government bond yields table (Value · Daily), with a complete series running from Sep 1, 1981 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Government bond yields table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3-month | 4.28 | 4.28 | 4.26 | 4.25 | 4.23 | 4.22 | 4.21 | 4.22 | 4.19 | 4.17 | |
| 6-month | 4.35 | 4.37 | 4.34 | 4.32 | 4.3 | 4.28 | 4.28 | 4.3 | 4.27 | 4.27 | |
| 1-year | 4.49 | 4.53 | 4.48 | 4.47 | 4.44 | 4.42 | 4.46 | 4.47 | 4.46 | 4.44 |
Understanding US 3-Month Government Bond Yield
The three-month US Government bonds yield records the annualised market yield on government debt with approximately three months remaining until principal repayment. Its scope is short-term government debt by remaining maturity, and it does not represent corporate borrowing costs, overnight interest rates, or real inflation-adjusted returns. Within the maturity spectrum, the three-month point typically sits at the front end of the yield curve: less vulnerable to ultra-short liquidity noise than the one-month maturity while still reacting clearly to near-term policy outlooks.
When reading the daily chart, observe trends across multiple sessions and the distance from long-term yields rather than focusing solely on the absolute level. Comparing against the previous session identifies newly priced information, whereas comparing against the previous period is better suited for observing whole interest-rate cycle movements. Holidays, settlement dates, and shifts in safe-asset demand can cause adjacent sessions to appear uneven. This is a nominal yield, meaning purchasing power remains subject to inflation.
Frequently asked questions
- How does this indicator differ from the three-month Treasury bill interest rate?
- The two series may be close, but they differ in aggregation methods, quotation types, or yield convention formulas.
- What maturities should be used to compare the three-month yield?
- It can be benchmarked against very short-term maturities to gauge monetary conditions and against longer maturities to read curve slope.
- Has this yield been adjusted for inflation?
- No. This is a nominal yield, so the real yield depends on price growth over the holding period.