2026.06.2215:30:00UTC+00U.S. 3-Month T-Bill Yield Edges Higher to 3.695%, Signaling Slight Tightening in Short-Term Funding Costs

The yield on the U.S. 3-month Treasury bill inched up at the latest auction, with the rate settling at 3.695% compared with 3.640% previously, according to data updated on 22 June 2026. The move reflects a modest increase in short-term borrowing costs for the U.S. government.

The 3-month bill is a key benchmark for short-term interest rates and a reference point for a wide range of money-market instruments. Even slight shifts in its yield can influence funding conditions for financial institutions and corporates that price their borrowing off Treasury benchmarks.

This uptick from 3.640% to 3.695% may be interpreted by market participants as a sign of mildly firmer expectations around short-term rates, with investors demanding marginally higher compensation to hold very short-dated U.S. government debt.