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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 6-Month BTF Auction climbed to 2.37% in January 2025
FMPMonthlyReleased February 2025
US 6-Month BTF Auction climbed to 2.37% in January 2025, released February 2025, up 0.01% from December's 2.36% reading.
Latest Release
2.369000
Actual
—
Consensus
2.358000
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
6-Month BTF Auction (United States) was reported at 2.37% in January 2025. The reading rose from the previous value of 2.36%.
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 February 2025.
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6-Month BTF Auction - US
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About 6-Month BTF Auction — United States
DEFINITION
The 6-Month BTF Auction is a financial indicator that measures the demand for short-term government debt securities known as Bills of Treasury Finance (BTFs). This auction is held every six months and provides valuable insights into the current market sentiment and investor confidence in the government's ability to repay its debts. It is closely monitored by financial institutions and investors as it can impact interest rates and overall market stability. The results of the auction are used to assess the government's borrowing costs and inform investment decisions.
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'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.