Treasury Rates Today
US Treasury bill auction results and the daily yield curve.
Treasury Bill Rates
| Maturity | Investment rate | Discount rate |
|---|
The investment rate is the bond-equivalent yield — the number to compare against a CD or savings APY. The discount rate is how the bill is quoted at auction and is always the lower of the two.
Yield Curve
13-Week T-Bill — 12-Month History
What Treasury bills are
A Treasury bill is short-term US government debt sold at a discount to face value. You pay less than $1,000 and receive $1,000 at maturity; the difference is your return. Bills are issued in 4, 8, 13, 17, 26 and 52-week maturities and are backed by the full faith and credit of the US government.
Tax treatment
Interest on Treasury securities is exempt from state and local income tax, though it is still subject to federal tax. In a high-tax state, that exemption can make a T-bill yielding slightly less than a CD the better after-tax outcome.
Reading the yield curve
The curve plots yield against maturity. Normally it slopes upward, because lending for longer carries more risk. When short maturities yield more than long ones the curve is inverted — historically a signal that markets expect rates to fall.
Where this data comes from
Auction results are pulled directly from the US Treasury FiscalData API each weekday morning and stored with their auction date, so the figures on this page are the official published results rather than a third-party estimate.