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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 103-Day Bill Auction climbed to 0.12% in April 2020
FMPMonthlyReleased April 2020
US 103-Day Bill Auction climbed to 0.12% in April 2020, up 0.01% from March's 0.11% reading.
Latest Release
0.115000
Actual
—
Consensus
0.105000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
103-Day Bill Auction (United States) was reported at 0.12% in April 2020. The reading rose from the previous value of 0.11%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update April 2020.
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103-Day Bill Auction - US
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About 103-Day Bill Auction — United States
DEFINITION
The 103-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities with a maturity period of 103 days. This auction allows the government to raise funds by selling these bills to investors, providing insight into the current market sentiment and interest rates. It is a key indicator of the government's ability to borrow money and can impact overall economic stability.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2020): actual 0.115 %. Prior reading (Apr 2020): 0.165 %. Before that (Apr 2020): 0.165 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.