United States USD

United States 4-Week Bill Auction

Impact:
Low
Source: Federal Reserve

Latest Release:

Date:
Actual:
3.57%
Forecast:
Previous/Revision:
3.58%
Period:

Next Release:

Date:
Period:
What Does It Measure?
The United States 4-Week Bill Auction measures the demand for short-term government debt issued by the U.S. Treasury, specifically a Treasury bill with a maturity of four weeks. This indicator primarily focuses on borrowing costs, investor confidence, and liquidity in the financial markets, assessing key areas such as yield rates and bid-to-cover ratios.
Frequency
The 4-Week Bill Auction occurs weekly, typically held on Mondays, and represents a final figure after the auction process is completed.
Why Do Traders Care?
Traders closely monitor the 4-Week Bill Auction as it provides insights into investor sentiment and short-term borrowing conditions, which can impact interest rates. A strong auction with high demand may lead to bullish sentiments for equities and the U.S. dollar, while weaker demand could signal risk aversion and bearish implications for the same assets.
What Is It Derived From?
The 4-Week Bill Auction results are derived from competitive bidding by institutional and individual investors, wherein bids are based on the interest rates that investors are willing to accept. The final yield is determined by the collective bids submitted, with higher bids typically indicating a greater demand for the instrument.
Description
The auction results report the total amount awarded, the accepted bids, the yield, and the bid-to-cover ratio, which compares the total bids received to the amount offered. While auctions are typically held each week, the volatility in demand and shifts in interest rates can reveal broader economic trends, making it a significant indicator of market conditions.
Additional Notes
The 4-Week Bill Auction is often viewed as a coincident economic measure, serving as a barometer for current market liquidity and investor confidence. Its outcomes may influence or correlate with other short-term interest rates and serve as a foundation for understanding broader monetary policy trends and government borrowing needs.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
3.57%
3.58%
3.58%
3.61%
3.61%
3.68%
3.68%
3.905%
3.905%
3.89%
3.89%
3.9%
3.9%
3.875%
3.875%
3.91%
3.91%
3.945%
3.945%
4.03%
4.03%
4.03%
4.03%
4.06%
4.06%
4.08%
4.08%
4.04%
4.04%
4.06%
4.06%
4.175%
4.175%
4.245%
4.245%
4.3%
4.3%
4.28%
4.28%
4.3%
4.3%
4.29%
4.29%
4.245%
4.245%
4.23%
4.23%
4.235%
4.235%
4.24%
4.24%
4%
4%
4.06%
4.06%
4.08%
4.08%
4.17%
4.17%
4.215%
4.215%
4.22%
4.22%
4.22%
4.22%
4.225%
4.225%
4.24%
4.24%
4.22%
4.22%
4.24%
4.24%
4.245%
4.245%
4.24%
4.24%
4.22%
4.22%
4.215%
4.215%
4.225%
4.225%
4.23%
4.23%
4.235%
4.235%
4.245%
4.245%
4.25%
4.25%
4.25%
4.25%
4.25%
4.25%
4.265%
4.265%
4.24%
4.24%
4.245%
4.245%
4.265%
4.265%
4.26%
4.26%
4.23%
4.23%
4.24%
4.24%
4.4%
4.4%
4.55%
4.55%
4.53%
4.53%
4.51%
4.51%
4.515%
4.515%
4.58%
4.58%
4.65%
4.65%
4.7%
4.7%
4.75%
4.75%
4.755%
4.755%
4.7%
4.7%
4.7%
4.7%
4.965%
4.965%
5.08%
5.08%
5.17%
5.17%
5.24%
5.24%
5.26%
5.26%
5.285%
5.285%
5.285%
5.285%
5.285%
5.285%
5.27%
5.27%
5.27%
5.27%
5.28%
5.28%
5.27%
5.27%
5.23%
5.23%
5.26%
5.26%
5.27%
5.27%
5.27%
5.27%
5.27%
5.27%
5.27%
5.27%
5.27%
5.27%
5.275%
5.275%
5.275%
5.275%
5.28%
5.28%
5.27%
5.27%
5.265%
5.265%
5.285%
5.285%
5.27%
5.27%
5.28%
5.28%
5.28%
5.28%
5.285%
5.285%
5.285%
5.285%
5.28%
5.28%
5.28%
5.28%
5.28%
5.28%
5.28%
5.28%
5.285%
5.285%
5.28%
5.28%
5.29%
5.29%
5.325%
5.325%
5.265%
5.265%
5.27%
5.27%
5.285%
5.285%
5.29%
5.29%
5.3%
5.3%
5.29%
5.29%
5.29%
5.29%
5.29%
5.29%
5.295%
5.295%
5.305%
5.305%
5.325%
5.325%
5.31%
5.31%
5.29%
5.29%
5.28%
5.28%
5.285%
5.285%
5.28%
5.28%
5.28%
5.28%
5.285%
5.285%
5.28%
5.28%
5.28%
5.28%
5.275%
5.275%
5.275%
5.275%
5.255%
5.255%
5.21%
5.21%
5.15%
5.15%
5.085%
5.085%
5.01%
5.01%
5.01%
5.01%
5.09%
5.09%
5.13%
5.13%
5.75%
5.75%
5.37%
5.37%
5.605%
5.605%
5.84%
5.84%
3.83%
3.83%
3.19%
3.19%
4.03%
4.03%
4.44%
4.44%
4.6%
4.6%
4.15%
4.15%
4.22%
4.22%
4.64%
4.64%
4.59%
4.59%
4.515%
4.515%
4.51%
4.51%
4.52%
4.52%
4.49%
4.49%
4.5%
4.5%
4.48%
4.48%
4.37%
4.37%
4.1%
4.1%
3.83%
3.83%
3.61%
3.61%
3.78%
3.78%
3.65%
3.65%
3.95%
3.95%
3.97%
3.97%
3.58%
3.795%
3.58%
3.58%
3.62%
3.62%
3.6%
3.6%
3.43%
3.43%
3.25%
3.25%
2.92%
2.92%
2.66%
2.66%
2.66%
2.66%
2.67%
2.67%
2.5%
2.5%
2.47%
2.47%
2.31%
2.31%
2.15%
2.15%
2.15%
2.15%
2.11%
2.11%
2.14%
2.14%
2.12%
2.12%
1.98%
1.98%
1.53%
1.53%
1.24%
1.24%
1.1%
1.1%
1.18%
1.18%
1.04%
1.04%
0.86%
0.86%
0.74%
0.74%
0.64%
0.64%
0.6%
0.6%
0.49%
0.49%
0.48%
0.48%
0.5%
0.5%
0.37%
0.37%
0.205%
0.205%
0.135%
0.135%
0.135%
0.135%
0.19%
0.19%
0.195%
0.195%
0.165%
0.165%
0.05%
0.05%
0.08%
0.08%
0.02%
0.02%
0.035%
0.035%
0.035%
0.035%
0.04%
0.04%
0.04%
0.04%
0.05%
0.05%
0.04%
0.055%
0.04%
0.04%
0.03%
0.03%
0.03%
0.03%
0.04%
0.04%
0.125%
0.125%
0.11%
0.11%
0.05%
0.05%
0.04%
0.04%
0.055%
0.055%
0.05%
0.05%
0.035%
0.035%
0.035%
0.035%
0.045%
0.045%
0.05%
0.05%
0.055%
0.055%
0.06%
0.06%
0.035%
0.035%
0.035%
0.035%
0.04%
0.04%
0.045%
0.045%
0.04%
0.04%
0.045%
0.045%
0.045%
0.045%
0.045%
0.045%
0.05%
0.05%
0.05%
0.05%
0.045%
0.045%
0.045%
0.045%
0.005%
0.005%
0%
0%
0%
0%
0%
0%
0%
0%
0.01%
0.01%
0%
0%
0.005%
0.005%
0.01%
0.01%
0.01%
0.01%
0.015%
0.015%
0.015%
0.015%
0.005%
0.005%
0.03%
0.03%
0.03%
0.03%
0.035%
0.035%
0.025%
0.025%
0.03%
0.03%
0.03%
0.03%
0.055%
0.055%
0.07%
0.07%
0.075%
0.075%
0.08%
0.08%
0.08%
0.08%
0.08%
0.08%
0.075%
0.075%
0.065%
0.065%
0.075%
0.075%
0.08%
0.08%
0.07%
0.07%
0.085%
0.085%
0.08%
0.08%
0.08%
0.08%
0.085%
0.085%
0.09%
0.09%
0.09%
0.09%
0.085%
0.085%
0.075%
0.075%
0.08%
0.08%
0.09%
0.09%
0.09%
0.09%
0.08%
0.08%
0.08%
0.08%
0.085%
0.085%
0.08%
0.08%
0.09%
0.09%
0.08%
0.08%
0.105%
0.105%
0.1%
0.1%
0.115%
0.115%
0.11%
0.11%
0.125%
0.125%
0.13%
0.13%
0.125%
0.125%
0.13%
0.13%
0.09%
0.09%
0.09%
0.09%
0.095%
0.095%
0.095%
0.095%
0.09%
0.09%
0.15%
0.15%
0.19%
0.19%
0.09%
0.09%
0%
0%
0.03%
0.03%
0.395%
0.395%
0.925%
0.925%
1.53%
1.53%
1.575%
1.575%
1.56%
1.56%
1.54%
1.54%
1.545%
1.545%
1.5%
1.5%
1.505%
1.505%
1.49%
1.49%
1.5%
1.5%
1.555%
1.555%
1.51%
1.51%
1.54%
1.54%
1.5%
1.5%
1.62%
1.62%
1.55%
1.55%
1.565%
1.565%
1.535%
1.535%
1.57%
1.57%
1.71%
1.71%
1.72%
1.72%
1.72%
1.72%
1.75%
1.75%
1.88%
1.88%
1.95%
1.95%
1.94%
1.94%
2.025%
2.025%
2.06%
2.06%
2.06%
2.06%
2.04%
2.04%
2.065%
2.065%
2.08%
2.08%
2.11%
2.11%
2.09%
2.09%
2.135%
2.135%
2.21%
2.21%
2.145%
2.145%
2.14%
2.14%
2.215%
2.215%
2.29%
2.29%
2.33%
2.33%
2.335%
2.335%
2.365%
2.365%
2.385%
2.385%
2.39%
2.39%
2.39%
2.39%
2.4%
2.4%
2.375%
2.375%
2.39%
2.39%
2.4%
2.4%
2.47%
2.47%
2.42%
2.42%
2.405%
2.405%
2.41%
2.41%
2.39%
2.39%
2.395%
2.395%
2.39%
2.39%
2.39%
2.39%
2.355%
2.355%
2.37%
2.37%
2.38%
2.38%
2.39%
2.39%
2.4%
2.4%
2.36%
2.36%
2.325%
2.325%
2.32%
2.32%
2.27%
2.27%
2.2%
2.2%
2.2%
2.2%
2.2%
2.2%
2.165%
2.165%
2.18%
2.18%
2.155%
2.155%
2.135%
2.135%
2.105%
2.105%
2.08%
2.08%
2.02%
2.02%
1.975%
1.975%
1.97%
1.97%
1.93%
1.93%
1.91%
1.91%
1.91%
1.91%
1.905%
1.905%
1.91%
1.91%
1.88%
1.88%
1.88%
1.88%
1.85%
1.85%
1.86%
1.86%
1.77%
1.77%
1.815%
1.815%
1.79%
1.79%
1.78%
1.78%
1.75%
1.75%
1.72%
1.72%
1.655%
1.655%
1.66%
1.66%
1.65%
1.65%
1.68%
1.68%
1.63%
1.63%
1.62%
1.62%
1.695%
1.695%
1.705%
1.705%
1.72%
1.72%
1.65%
1.65%
1.55%
1.55%
1.495%
1.495%
1.38%
1.38%
1.36%
1.36%
1.48%
1.48%
1.44%
1.44%
1.23%
1.23%
1.295%
1.295%
1.28%
1.28%
1.27%
1.27%
1.245%
1.245%
1.245%
1.245%
1.24%
1.24%
1.18%
1.18%
1.17%
1.17%
1.13%
1.13%
1.045%
1.045%
1.035%
1.035%
1.02%
1.02%
1.005%
1.005%
0.995%
0.995%
1.015%
1.015%
0.98%
0.98%
1.005%
0.97%
0.96%
0.96%
0.96%
0.97%
1.3%
1.3%
0.96%
0.96%
0.94%
0.94%
0.94%
0.94%
0.985%
0.985%
0.99%
0.99%
0.98%
0.98%
0.955%
0.955%
0.95%
0.95%
0.95%
0.95%
0.89%
0.89%
0.85%
0.85%
0.885%
0.885%
0.84%
0.84%
0.84%
0.84%
0.735%
0.735%
0.695%
0.695%
0.71%
0.71%
0.725%
0.725%
0.735%
0.735%
0.75%
0.75%
0.73%
0.76%
0.02%
0.76%
0.73%
0.76%
0.03%
0.76%
0.73%
0.745%
0.03%
0.745%
0.51%
0.745%
0.235%
0.745%
0.77%
0.77%
0.57%
0.57%
0.41%
0.4%
0.16%
0.4%
0.52%
0.48%
-0.12%
0.48%
0.51%
0.515%
-0.03%
0.515%
0.51%
0.53%
0.005%
0.53%
0.51%
0.49%
0.02%
0.49%
0.48%
0.48%
0.01%
0.48%
0.47%
0.52%
0.01%
0.52%
0.5%
0.5%
0.47%
0.475%
0.03%
0.475%
0.47%
0.485%
0.005%
0.485%
0.49%
0.49%
0.48%
0.48%
0.34%
0.34%
0.365%
0.365%
0.34%
0.34%
0.305%
0.305%
0.27%
0.27%
0.24%
0.24%
0.24%
0.24%
0.27%
0.245%
-0.03%
0.245%
0.27%
0.265%
-0.025%
0.265%
0.27%
0.26%
-0.005%
0.26%
0.16%
0.16%
0.18%
0.18%
0.25%
0.25%
0.25%
0.25%
0.255%
0.255%
0.275%
0.275%
0.275%
0.275%
0.27%
0.27%
0.26%
0.26%
0.27%
0.27%
0.275%
0.275%
0.29%
0.29%
0.275%
0.275%
0.26%
0.26%
0.25%
0.25%
0.24%
0.24%
0.19%
0.19%
0.265%
0.265%
0.265%
0.265%
0.24%
0.24%
0.245%
0.245%
0.17%
0.17%
0.19%
0.19%
0.175%
0.175%
0.26%
0.2%
-0.085%
0.2%
0.26%
0.17%
-0.06%
0.17%
0.26%
0.2%
-0.09%
0.2%
0.29%
0.27%
-0.09%
0.27%
0.29%
0.28%
-0.02%
0.28%
0.29%
0.275%
-0.01%
0.275%
0.29%
0.295%
-0.015%
0.295%
0.29%
0.285%
0.005%
0.285%
0.25%
0.27%
0.035%
0.27%
0.25%
0.265%
0.02%
0.265%
0.25%
0.27%
0.015%
0.27%
0.25%
0.295%
0.02%
0.295%
0.2%
0.25%
0.095%
0.25%
0.2%
0.22%
0.05%
0.22%
0.2%
0.2%
0.02%
0.2%
0.17%
0.17%
0.195%
0.195%
0.205%
0.205%
0.235%
0.235%
0.19%
0.19%
0.12%
0.12%
0.075%
0.075%
0.075%
0.075%
0.07%
0.07%
0.01%
0.01%
0.12%
0.12%
0%
0%
0.12%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0.005%
0.005%
0%
0%
0.045%
0.045%
0.04%
0.04%
0.05%
0.05%
0.05%
0.05%
0.05%
0.05%
0.035%
0.035%
0.02%
0.02%
0.015%
0.015%
0.015%
0.015%
0%
0%
0%
0%
0.005%
0.005%
0.005%
0.005%
0.01%
0.01%
0.015%
0.015%
0.01%
0.01%
0%
0%
0%
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