13-Week T-Bill Yield (CBOE)
CBOE 13-Week Treasury Bill Yield ^IRX (%, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | % |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/rates |
| Field | irx_yield |
Overview
Yield on 13-week (3-month) US Treasury bills as quoted on CBOE under the ticker ^IRX. A benchmark for the short-end of the US risk-free curve and the closest market-priced proxy for the Federal Reserve's policy rate.
Interpretation
- The 13-week bill yield closely tracks the effective fed funds rate, with small deviations during quarter-end or reserves-stress periods.
- Sharp moves often anticipate Fed rate decisions before they are officially announced.
- A persistent gap versus
macro_fed_funds_ratecan signal money-market dislocation or Treasury supply imbalances.
Use Cases
- Use as a real-time, market-implied gauge of US monetary policy stance.
- Compare to
macro_ust_2yto extract the market's implied policy path over the next 24 months — a useful regime indicator for BTC risk-on/risk-off cycles. - Pair with
macro_reverse_repoto monitor short-end liquidity conditions.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/rates?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- Fed Funds Target Rate — US federal funds upper-bound target rate (%, daily)
- 2-Year Treasury Yield — US 2-year Treasury constant maturity yield (%, daily)
- 10Y-3M Yield Spread — 10-year minus 3-month Treasury yield spread (%, recession indicator)
- 13-Week T-Bill Yield (CBOE) — CBOE 13-Week Treasury Bill Yield ^IRX (%, daily)