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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 69-Day Bill Auction climbed to 0.27% in March 2020
FMPMonthlyReleased April 2020
US 69-Day Bill Auction climbed to 0.27% in March 2020, released April 2020, up 0.14% from February's 0.14% reading.
Latest Release
0.270000
Actual
—
Consensus
0.135000
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
69-Day Bill Auction (United States) was reported at 0.27% in April 2020. The reading rose from the previous value of 0.14%.
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 MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update April 2020.
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69-Day Bill Auction - US
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About 69-Day Bill Auction — United States
DEFINITION
The 69-Day Bill Auction is a financial indicator that measures the demand for short-term government debt securities with a maturity of 69 days. It is a key benchmark for investors and policymakers to assess the current market sentiment and interest rates for short-term borrowing. The auction process allows the government to raise funds for its operations while providing investors with a low-risk investment option. The results of the auction can provide insights into the overall economic conditions and investor confidence in the government's financial stability.
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 (Apr 2020): actual 0.27 %. Prior reading (Apr 2020): 0.27 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.