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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 12-Day Bill Auction held to 4.54 in January 2023
FMPMonthlyReleased February 2023
US 12-Day Bill Auction held to 4.54 in January 2023, released February 2023.
Latest Release
4.540000
Actual
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Consensus
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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 | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
12-Day Bill Auction (United States) was reported at 4.54 in February 2023.
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 OPEC Monthly Report (Sep 10) and Initial Jobless Claims (Sep 10).
Auto-generated from current model state · Refreshes on each release · Last update February 2023.
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12-Day Bill Auction - US
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About 12-Day Bill Auction — United States
DEFINITION
The 12-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities. It involves the auctioning of 12-day Treasury bills, which are considered to be low-risk investments. This indicator provides insight into the current market sentiment and can be used to gauge the overall health of the economy. Investors and financial institutions closely monitor the results of these auctions as they can impact interest rates and the overall performance of the bond market.
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 (Feb 2023): actual 4.54.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - US Events
| Wednesday, September 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 21:00 | US | API Crude Oil Stock Change | -0.3 | -2.6 | -1.3 | -0.80 | Medium |
| Thursday, September 10, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | PPI Ex Food, Energy and Trade YoY | 4.7 | 4.4 | 4.75 | Low | |
| 12:30 | US | Producer Price Index | 156.563 | 157 | 157.08 | Low | |
| 12:30 | US | Core PPI YoY | 4.2 | 4.6 | 4.35 | Low | |
| 12:30 | US | Continuing Jobless Claims | 1779 | 1780 | 1787.50 | Low | |
| 12:30 | US | Initial Jobless Claims | 206 | 205 | 210.00 | Medium | |
| 12:30 | US | Core PPI MoM | 0.2 | 0.3 | 0.25 | Medium | |
| 12:30 | US | Producer Price Index MoM | 0 | 0.4 | 0.60 | High | |
| 12:30 | US | Producer Price Index YoY | 4.7 | 5.3 | 5.35 | Low | |
| 12:30 | US | PPI Ex Food, Energy and Trade MoM | 0.4 | 0.3 | 0.55 | Low | |
| 12:30 | US | Jobless Claims 4-Week Average | 207.25 | 206 | 207.25 | Low | |
| 14:00 | US | Existing Home Sales | 4.06 | 3.98 | 3.98 | High | |
| 14:00 | US | Existing Home Sales MoM | -1.7 | -0.2 | -0.20 | Medium | |
| 14:30 | US | EIA Natural Gas Stocks Change | 30 | 35 | 38.50 | Low | |
| 16:00 | US | EIA Crude Oil Stocks Change | -4.45 | -1.4 | -1.40 | Medium | |
| Friday, September 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Inflation Rate YoY | 3.4 | 3.4 | 3.40 | High | |
| 12:30 | US | CPI s.a | 332.81 | 334.14 | 334.14 | Medium | |
| 12:30 | US | Core Inflation Rate MoM | 0.2 | 0.2 | 0.20 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.5 | 2.4 | 2.40 | High | |
| 12:30 | US | Inflation Rate MoM | 0.1 | 0.4 | 0.40 | High | |
| 12:30 | US | CPI | 333.92 | 334.85 | 334.85 | Medium | |
| 14:00 | US | Michigan Current Conditions | 51.9 | 51.3 | 52.40 | Low | |
| 14:00 | US | Michigan Consumer Expectations | 51.5 | 50.5 | 53.00 | Low | |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.3 | 3.2 | 3.00 | Low | |
| 14:00 | US | Michigan Consumer Sentiment | 51.7 | 51 | 52.45 | High | |
| 14:00 | US | Michigan Inflation Expectations | 4 | 3.9 | 3.80 | Low | |
| 18:00 | US | Monthly Budget Statement | -432 | -480 | -480.00 | Medium | |
| 18:00 | US | Budget Balance | -432 | -202.5 | -202.50 | Medium | |