6 Month Treasury Bill Rate Market Daily Trends: H.15 Selected Interest Rates (2024)

FAQs

What is the interest rate on a 6 month treasury bill today? ›

Basic Info

6 Month Treasury Rate is at 5.44%, compared to 5.44% the previous market day and 5.46% last year.

What is the typical relationship between interest rates on 6-month Treasury Bills, 10-year Treasury notes, and Baa corporate bonds? They tend to move together over time with the corporate bond having the highest rate of interest.

The United States Federal Reserve Statistical Release H. 15 is a weekly publication (with daily updates) of the Federal Reserve System of selected market interest rates. Many residential mortgage loans are indexed to the one-year treasury rate published in the H. 15 release.

To calculate the price, take 180 days and multiply by 1.5 to get 270. Then, divide by 360 to get 0.75, and subtract 100 minus 0.75. The answer is 99.25. Because you're buying a $1,000 Treasury bill instead of one for $100, multiply 99.25 by 10 to get the final price of $992.50.

You can only buy T-bills in electronic form, either from a brokerage firm or directly from the government at TreasuryDirect.gov. (You can also buy Series I savings bonds through TreasuryDirect.gov). The most common maturity dates are four weeks, eight weeks, 13 weeks, 26 weeks and 52 weeks.

If you're saving for a goal less than a year away: If you're saving money for a goal with a short-time horizon, T-bills can make more sense than CDs. They provide a higher APY than savings accounts, and they're more liquid than CDs.

T-Bill Tax Considerations

The interest income that you may receive from investing in a treasury bill is exempt from any state or local income taxes, regardless of the state where you file your taxes. However, you will need to report interest income from these investments on your federal tax return.

Treasury securities are considered a safe and secure investment option because the full faith and credit of the U.S. government guarantees that interest and principal payments will be paid on time.

What does H15 mean? ›

H. 15 means the statistical release designated as such, or any successor publication, published by the Board of Governors of the U.S.

What Is the Current Prime Rate? As of May 20, 2024, the current prime rate is 8.50%, according to The Wall Street Journal's Money Rates table. This source aggregates the most common prime rates charged throughout the U.S. and in other countries. The federal funds rate is currently 5.25% to 5.50%.

Minimum S$1,000, and in multiples of S$1,000. There is no maximum amount an individual can hold, but there are limits for each auction. You can submit up to S$1 million in non-competitive bids at each T-bill auction.

Key Takeaways

Interest from Treasury bills (T-bills) is subject to federal income taxes but not state or local taxes.

For many people, TreasuryDirect is a good option; however, retirement savers and investors who already have brokerage accounts are often better off buying bonds on the secondary market or with exchange-traded funds (ETFs). Treasury money market accounts also offer more convenience and liquidity than TreasuryDirect.

T-bills sell in increments of $100 up to a maximum of $10 million, and you can buy them directly from the government through its TreasuryDirect website, or through a brokerage, bank or self-directed retirement account, like a Roth IRA.

For example, you can purchase: $10 million each in 4-, 8-, 13-, 26-, and 52-week Treasury bills, $10 million each in 2-, 3-, 5-, 7-, and 10-year Treasury notes, $10 million in 30-year Treasury bonds, $10 million in 2-year Floating Rate Notes, and $10 million each in 5-, 10-, and 30-year Treasury TIPS.

4 Week Treasury Bill Rate is at 5.28%, compared to 5.28% the previous market day and 4.32% last year. This is higher than the long term average of 1.41%. The 4 Week Treasury Bill Rate is the yield received for investing in a US government issued treasury bill that has a maturity of 4 weeks.