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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 21-Day Bill Auction climbed to 0.16% in November 2021
FMPMonthlyReleased November 2021
US 21-Day Bill Auction climbed to 0.16% in November 2021, up 0.11% from October's 0.05% reading.
Latest Release
0.160000
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
21-Day Bill Auction (United States) was reported at 0.16% in November 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 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 November 2021.
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21-Day Bill Auction - US
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About 21-Day Bill Auction — United States
DEFINITION
The 21-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities. It involves a competitive bidding process where investors bid on 21-day Treasury bills, which are issued by the government to raise funds. The results of the auction provide insight into the current market sentiment and can impact interest rates and overall economic conditions. This indicator is closely monitored by investors and financial institutions as it can provide valuable information about the strength of the economy and the government's ability to borrow money.
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 (Nov 2021): actual 0.16 %. Prior reading (Sep 2021): 0.05 %. Before that (Sep 2021): 0.05 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher 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.