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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 30-Day Bill Auction held to 4.55 in October 2024
FMPMonthlyReleased November 2024
US 30-Day Bill Auction held to 4.55 in October 2024, released November 2024.
Latest Release
4.550000
Actual
—
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
30-Day Bill Auction (United States) was reported at 4.55 in November 2024.
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 2024.
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30-Day Bill Auction - US
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About 30-Day Bill Auction — United States
DEFINITION
The 30-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities. It is a type of auction where the government sells 30-day Treasury bills to investors, with the winning bidders receiving a fixed interest rate on their investment. This indicator is closely monitored by investors and analysts as it reflects the current sentiment and confidence in the economy, as well as the government's ability to borrow money at a low cost. A high demand for these bills is seen as a positive sign for the economy, while a low demand may indicate potential economic concerns.
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 2024): actual 4.55.
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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