3M Treasury

Market yield on the 3-month U.S. Treasury security.

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CURRENT4.23%% • October 2026

PRIOR MOVE+0.13 ppvs prior month

VS YEAR AGO+0.25 ppchange in displayed metric

10-YEAR POSITION72ndpercentile rank

3M Treasury history

% • normalized monthly

121 plotted periodsLatest: 4.23%

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Oct 2026: 4.23 %

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View chart data (121 periods)

WHY IT MATTERS

The 3-month yield tracks near-term policy expectations and is useful in yield-curve comparisons with longer maturities.

The current 5-year z-score is 0.15, with a 10-year displayed-metric range of 0.02% to 5.60%.

SOURCE & METHOD

Verified data, calculated server-side.

Source: FRED, series DGS3MO. Values are displayed in %.

Historical coverage begins September 1981. Daily and weekly observations are averaged within each calendar month for this page chart.

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Related indicators

Keep following the chain

RatesFed FundsThe effective overnight federal funds rate in the U.S. banking system.Rates2Y TreasuryMarket yield on the 2-year U.S. Treasury security.Rates10Y TreasuryMarket yield on the benchmark 10-year U.S. Treasury security.

GO DEEPER

Test the relationship yourself.

Start with 3M Treasury as X and Fed Funds as Y, using level values. Change either indicator, transformation, or date range in Research Lab, then run your analysis.

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