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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 23-Day Bill Auction held to 0.05 in November 2021
FMPMonthlyReleased December 2021
US 23-Day Bill Auction held to 0.05 in November 2021, released December 2021.
Latest Release
0.050000
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
23-Day Bill Auction (United States) was reported at 0.05 in December 2021.
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 December 2021.
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23-Day Bill Auction - US
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About 23-Day Bill Auction — United States
DEFINITION
The 23-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities with a maturity of 23 days. It is used by investors and analysts to gauge the current market sentiment and interest rates for short-term investments. The auction process allows the government to raise funds by selling these bills to investors, providing insight into the overall strength of the economy. This indicator is closely monitored by financial institutions and can impact interest rates and the overall performance of the financial markets.
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 (Dec 2021): actual 0.05.
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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