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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 | 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
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 Existing Home Sales MoM (Aug 11) and Existing Home Sales (Aug 11).
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
| Friday, August 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Participation Rate | 61.4 | 61.5 | 61.6 | 61.50 | Medium |
| 12:30 | US | U-6 Unemployment Rate | 7.9 | 7.9 | 7.9 | 7.90 | Low |
| 12:30 | US | Non Farm Payrolls | -23 | 20 | 80 | 28.50 | High |
| 12:30 | US | Average Hourly Earnings YoY | 3.2 | 3.4 | 3.5 | 3.35 | Medium |
| 12:30 | US | Unemployment Rate | 4.1 | 4.2 | 4.2 | 4.15 | High |
| 12:30 | US | Average Weekly Hours | 34.3 | 34.3 | 34.3 | 34.30 | Low |
| 12:30 | US | Manufacturing Payrolls | 5 | 11 | 4 | 4.50 | Low |
| 12:30 | US | Government Payrolls | -53 | -10 | 10 | -21.50 | Low |
| 12:30 | US | Average Hourly Earnings MoM | 0.1 | 0.3 | 0.3 | 0.20 | Medium |
| 12:30 | US | Nonfarm Payrolls Private | 30 | 30 | 78 | 54.00 | Low |
| 15:00 | US | Consumer Inflation Expectation | 3.6 | 3.7 | 3.8 | 3.70 | Low |
| 17:00 | US | Baker Hughes Oil Rig Count | 454 | 451 | 452 | 453.00 | Low |
| 19:00 | US | Consumer Credit Change | 14.17 | -1.08 | 10.5 | 12.34 | Low |
| Tuesday, August 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | US | NFIB Business Optimism Index | 97.4 | 97.8 | 97.70 | Low | |
| 14:00 | US | Existing Home Sales MoM | -2.4 | -0.7 | -1.65 | Medium | |
| 14:00 | US | Existing Home Sales | 4.09 | 4.07 | 4.05 | High | |
| Wednesday, August 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Core Inflation Rate MoM | 0 | 0.2 | 0.25 | High | |
| 12:30 | US | Inflation Rate MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Inflation Rate YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.6 | 2.5 | 2.55 | High | |
| 12:30 | US | CPI | 333.95 | 334.03 | 334.39 | Medium | |
| 12:30 | US | CPI s.a | 332.568 | 332.6 | 332.85 | Medium | |
| 12:30 | US | Core CPI YoY | 2.6 | 2.5 | 2.50 | Medium | |
| 12:30 | US | CPI YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | CPI MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Core CPI MoM | 0 | 0.2 | 0.20 | High | |
| 18:00 | US | Monthly Budget Statement | -120 | -294.6 | -297.10 | Medium | |