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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 120-Day Bill Auction held to 0.11 in July 2020
FMPMonthlyReleased July 2020
US 120-Day Bill Auction held to 0.11 in July 2020.
Latest Release
0.110000
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 | 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
120-Day Bill Auction (United States) was reported at 0.11 in July 2020.
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 July 2020.
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120-Day Bill Auction - US
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About 120-Day Bill Auction — United States
DEFINITION
The 120-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities with a maturity of 120 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 often used as a gauge of investor confidence in the economy and can impact overall interest rates and borrowing costs.
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 (Jul 2020): actual 0.11.
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
| Tuesday, June 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Building Permits MoM | -0.7 | 4.4 | -0.6 | -0.45 | Medium |
| 12:30 | US | Building Permits | 1.413 | 1.423 | 1.42 | 1.42 | High |
| 12:30 | US | Import Prices YoY | 6.7 | 4.2 | 6 | 6.35 | Low |
| 12:30 | US | Housing Starts MoM | -15.4 | -8.5 | -2 | -8.70 | Medium |
| 12:30 | US | Housing Starts | 1.177 | 1.392 | 1.43 | 1.30 | High |
| 12:30 | US | Export Prices YoY | 11.2 | 8.8 | 10.4 | 10.80 | Low |
| 12:30 | US | Import Prices MoM | 1.9 | 2 | 1 | 1.45 | Medium |
| 12:30 | US | Export Prices MoM | 1.3 | 3.5 | 1.2 | 1.25 | Medium |
| 16:00 | US | Atlanta Fed GDPNow | 2.8 | 3.3 | 3.3 | 3.07 | Medium |
| 20:30 | US | API Crude Oil Stock Change | -8.33 | -9.119 | -4.5 | -6.42 | Medium |
| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 14:00 | US | Business Inventories MoM | 0.9 | 0.5 | 0.50 | Medium | |
| 14:00 | US | Pending Home Sales YoY | 3.2 | 3 | 3.00 | Medium | |
| 14:00 | US | Pending Home Sales MoM | 1.4 | 0.8 | 0.80 | Medium | |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.6 | 0.60 | Low | |
| 14:30 | US | EIA Crude Oil Stocks Change | -7.228 | -4.6 | -1.72 | Medium | |
| 14:30 | US | EIA Gasoline Stocks Change | 0.186 | -1 | -2.92 | Medium | |
| 14:30 | US | EIA Distillate Stocks Change | -0.2 | -0.5 | -1.01 | Low | |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 3.75 | 3.75 | High | |
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Continuing Jobless Claims | 1795 | 1800 | 1803.50 | Low | |
| 12:30 | US | Philadelphia Fed Manufacturing Index | -0.4 | 10 | 14.05 | Medium | |
| 12:30 | US | Jobless Claims 4-Week Average | 219 | 223 | 221.50 | Low | |
| 12:30 | US | Initial Jobless Claims | 229 | 225 | 220.00 | Medium | |
| 14:00 | US | Leading Index MoM | 0.1 | 0.1 | 0.10 | Medium | |
| 20:00 | US | Net Long-Term TIC Flows | 81.3 | 75 | 46.95 | Medium | |