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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 119-Day Bill Auction climbed to 0.06% in September 2021
FMPMonthlyReleased October 2021
US 119-Day Bill Auction climbed to 0.06% in September 2021, released October 2021, up 0.0% from August's 0.05% reading.
Latest Release
0.055000
Actual
—
Consensus
0.050000
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
119-Day Bill Auction (United States) was reported at 0.06% in October 2021. The reading rose from the previous value of 0.05%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.05%, unchanged from the prior three.
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 MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update October 2021.
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119-Day Bill Auction - US
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About 119-Day Bill Auction — United States
DEFINITION
The 119-Day Bill Auction is a financial indicator that measures the demand and interest rates for short-term government debt securities with a maturity of 119 days. It is used by investors and analysts to assess the current state of the market and make informed decisions about short-term investments. The auction process allows the government to raise funds by selling these bills to investors, with the interest rate determined by the level of demand. This indicator provides valuable insights into the overall economic climate and can be a useful tool for forecasting future market trends.
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 (Oct 2021): actual 0.055 %. Prior reading (Oct 2021): 0.055 %. Before that (Oct 2021): 0.05 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.