3-Month Treasury Bill Yield

(TBILL_3M)
Observations
Oct 2026: 2.39
Updated: 2026-10-09, 8:50:20 a.m. ET
Units
Percent,
Money market yield, daily
Frequency
Daily
Source
Bank of Canada, Valet
Series ID
TBILL_3M
Valet TB.CDN.90D.MID
CRED3-Month Treasury Bill Yield
COVID-19 recessionGlobal Financial Crisis0123456200120042007201020132016201920222025Percent2001-01-02: 5.462001-01-24: 5.232001-02-15: 5.162001-03-09: 4.742001-04-02: 4.632001-04-25: 4.432001-05-17: 4.342001-06-11: 4.242001-07-04: 4.332001-07-26: 4.072001-08-20: 3.922001-09-12: 3.42001-10-04: 32001-10-29: 2.382001-11-21: 2.22001-12-13: 2.022002-01-09: 1.892002-01-31: 1.962002-02-22: 2.022002-03-18: 2.122002-04-10: 2.362002-05-02: 2.42002-05-27: 2.612002-06-18: 2.732002-07-11: 2.792002-08-02: 2.732002-08-27: 2.982002-09-19: 2.812002-10-11: 2.792002-11-05: 2.722002-11-28: 2.722002-12-20: 2.652003-01-16: 2.722003-02-07: 2.82003-03-03: 2.892003-03-25: 3.142003-04-16: 3.222003-05-09: 3.192003-06-03: 3.152003-06-25: 3.072003-07-18: 2.812003-08-12: 2.822003-09-05: 2.652003-09-29: 2.62003-10-22: 2.642003-11-14: 2.692003-12-08: 2.672004-01-02: 2.562004-01-26: 2.272004-02-17: 2.192004-03-10: 2.082004-04-01: 1.972004-04-26: 1.942004-05-18: 22004-06-10: 2.022004-07-05: 22004-07-27: 2.082004-08-19: 2.052004-09-13: 2.342004-10-05: 2.492004-10-28: 2.572004-11-22: 2.652004-12-14: 2.432005-01-10: 2.482005-02-01: 2.432005-02-23: 2.462005-03-17: 2.472005-04-11: 2.482005-05-03: 2.462005-05-26: 2.472005-06-17: 2.442005-07-12: 2.562005-08-04: 2.592005-08-26: 2.752005-09-20: 2.812005-10-13: 2.942005-11-04: 3.142005-11-29: 3.32005-12-21: 3.352006-01-17: 3.422006-02-08: 3.632006-03-02: 3.752006-03-24: 3.782006-04-18: 3.962006-05-10: 4.092006-06-02: 4.162006-06-26: 4.272006-07-19: 4.152006-08-11: 4.142006-09-05: 4.142006-09-27: 4.152006-10-20: 4.172006-11-14: 4.192006-12-06: 4.152007-01-02: 4.152007-01-24: 4.162007-02-15: 4.172007-03-09: 4.182007-04-02: 4.162007-04-25: 4.162007-05-17: 4.172007-06-11: 4.32007-07-04: 4.422007-07-26: 4.562007-08-20: 4.162007-09-12: 3.882007-10-04: 3.912007-10-29: 3.952007-11-21: 3.972007-12-13: 3.862008-01-09: 3.732008-01-31: 3.382008-02-25: 3.232008-03-18: 22008-04-10: 2.32008-05-02: 2.652008-05-27: 2.682008-06-18: 2.62008-07-11: 2.32008-08-05: 2.482008-08-27: 2.422008-09-19: 1.952008-10-14: 1.632008-11-05: 1.772008-11-28: 1.672008-12-22: 0.792009-01-16: 0.692009-02-09: 0.732009-03-04: 0.442009-03-26: 0.392009-04-20: 0.372009-05-12: 0.182009-06-04: 0.212009-06-26: 0.242009-07-21: 0.232009-08-13: 0.232009-09-04: 0.212009-09-29: 0.222009-10-22: 0.222009-11-16: 0.222009-12-08: 0.222010-01-04: 0.182010-01-26: 0.162010-02-18: 0.162010-03-12: 0.212010-04-06: 0.292010-04-28: 0.392010-05-20: 0.362010-06-14: 0.542010-07-07: 0.52010-07-29: 0.652010-08-23: 0.612010-09-15: 0.912010-10-07: 0.882010-11-01: 0.912010-11-24: 0.992010-12-16: 0.982011-01-12: 0.952011-02-03: 0.942011-02-28: 0.962011-03-22: 0.92011-04-13: 0.952011-05-06: 0.972011-05-31: 0.962011-06-22: 0.882011-07-15: 0.922011-08-09: 0.82011-08-31: 0.932011-09-23: 0.832011-10-18: 0.872011-11-09: 0.892011-12-02: 0.842011-12-28: 0.832012-01-20: 0.842012-02-13: 0.92012-03-07: 0.912012-03-29: 0.922012-04-23: 12012-05-15: 12012-06-07: 0.892012-06-29: 0.872012-07-24: 0.912012-08-16: 1.012012-09-10: 1.012012-10-02: 0.962012-10-25: 12012-11-19: 0.972012-12-11: 0.952013-01-07: 0.912013-01-29: 0.922013-02-21: 0.952013-03-15: 0.972013-04-09: 0.972013-05-01: 0.992013-05-24: 12013-06-17: 1.022013-07-10: 1.022013-08-01: 12013-08-26: 0.992013-09-18: 0.992013-10-10: 0.922013-11-04: 0.912013-11-27: 0.942013-12-19: 0.912014-01-15: 0.892014-02-06: 0.882014-03-03: 0.842014-03-25: 0.892014-04-16: 0.922014-05-09: 0.922014-06-03: 0.932014-06-25: 0.952014-07-18: 0.942014-08-12: 0.962014-09-04: 0.932014-09-26: 0.922014-10-21: 0.882014-11-13: 0.92014-12-05: 0.92014-12-31: 0.912015-01-23: 0.62015-02-17: 0.522015-03-11: 0.552015-04-02: 0.572015-04-27: 0.662015-05-20: 0.662015-06-11: 0.632015-07-06: 0.552015-07-28: 0.422015-08-20: 0.382015-09-14: 0.382015-10-06: 0.412015-10-29: 0.422015-11-23: 0.462015-12-15: 0.472016-01-11: 0.432016-02-02: 0.452016-02-25: 0.462016-03-18: 0.452016-04-12: 0.462016-05-04: 0.532016-05-27: 0.522016-06-20: 0.522016-07-13: 0.472016-08-05: 0.512016-08-29: 0.52016-09-21: 0.532016-10-14: 0.52016-11-07: 0.452016-11-30: 0.512016-12-22: 0.482017-01-18: 0.432017-02-09: 0.452017-03-06: 0.482017-03-28: 0.512017-04-20: 0.542017-05-12: 0.512017-06-06: 0.522017-06-28: 0.652017-07-21: 0.72017-08-15: 0.722017-09-07: 0.962017-09-29: 12017-10-24: 0.872017-11-16: 0.872017-12-08: 0.892018-01-04: 1.062018-01-26: 1.22018-02-20: 1.162018-03-14: 1.072018-04-06: 1.122018-04-30: 1.192018-05-23: 1.262018-06-14: 1.232018-07-09: 1.352018-07-31: 1.452018-08-23: 1.532018-09-17: 1.522018-10-10: 1.592018-11-01: 1.732018-11-26: 1.682018-12-18: 1.622019-01-14: 1.612019-02-05: 1.662019-02-28: 1.662019-03-22: 1.642019-04-15: 1.682019-05-08: 1.672019-05-31: 1.682019-06-24: 1.662019-07-17: 1.652019-08-09: 1.632019-09-03: 1.622019-09-25: 1.642019-10-18: 1.672019-11-12: 1.662019-12-04: 1.662019-12-30: 1.672020-01-22: 1.642020-02-13: 1.652020-03-09: 0.62020-03-31: 0.212020-04-23: 0.252020-05-15: 0.252020-06-09: 0.182020-07-02: 0.22020-07-24: 0.172020-08-18: 0.162020-09-10: 0.152020-10-02: 0.122020-10-27: 0.092020-11-19: 0.112020-12-11: 0.132021-01-07: 0.062021-01-29: 0.072021-02-23: 0.12021-03-17: 0.112021-04-09: 0.092021-05-03: 0.112021-05-26: 0.12021-06-17: 0.122021-07-12: 0.132021-08-04: 0.172021-08-26: 0.182021-09-20: 0.122021-10-14: 0.122021-11-05: 0.142021-11-30: 0.062021-12-22: 0.122022-01-18: 0.392022-02-09: 0.32022-03-04: 0.582022-03-28: 0.542022-04-20: 1.092022-05-12: 1.282022-06-06: 1.612022-06-28: 2.092022-07-21: 2.522022-08-15: 2.82022-09-07: 3.292022-09-29: 3.582022-10-25: 4.012022-11-17: 4.012022-12-09: 4.092023-01-05: 4.252023-01-27: 4.352023-02-21: 4.522023-03-15: 4.342023-04-06: 4.352023-05-01: 4.42023-05-24: 4.52023-06-15: 4.842023-07-10: 4.912023-08-01: 5.012023-08-24: 5.122023-09-18: 5.052023-10-12: 5.12023-11-03: 4.982023-11-28: 4.982023-12-20: 4.992024-01-16: 4.942024-02-07: 4.962024-03-01: 4.942024-03-25: 4.962024-04-17: 4.892024-05-09: 4.882024-06-03: 4.772024-06-25: 4.642024-07-18: 4.472024-08-12: 4.272024-09-04: 4.062024-09-26: 42024-10-22: 3.622024-11-14: 3.52024-12-06: 3.222025-01-02: 3.142025-01-24: 32025-02-18: 2.862025-03-12: 2.642025-04-03: 2.592025-04-28: 2.642025-05-21: 2.622025-06-12: 2.672025-07-07: 2.642025-07-29: 2.682025-08-21: 2.652025-09-15: 2.462025-10-08: 2.342025-10-31: 2.212025-11-25: 2.172025-12-17: 2.172026-01-13: 2.22026-02-04: 2.192026-02-27: 2.192026-03-23: 2.272026-04-15: 2.262026-05-07: 2.292026-06-01: 2.32026-06-23: 2.262026-07-16: 2.252026-08-10: 2.282026-09-01: 2.262026-09-24: 2.37
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Notes

Units: Percent, Money market yield, daily

Frequency: Daily

Notes: The yield on 90-day Government of Canada treasury bills at the mid-market rate. T-bills are the shortest-term federal borrowing instrument, so this series is the purest daily read on the risk-free short rate outside the policy target itself. Published daily.

Suggested Citation: Bank of Canada, 3-Month Treasury Bill Yield TBILL_3M, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/TBILL_3M, October 9, 2026.

Release Tables

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Data Suggestions Based On Your Search

CREDBank of Canada Policy Interest Rate
COVID-19 recession00.511.522.533.544.555.5201620182020202220242026Percent2016-10-01: 0.52016-11-01: 0.52016-12-01: 0.52017-01-01: 0.52017-02-01: 0.52017-03-01: 0.52017-04-01: 0.52017-05-01: 0.52017-06-01: 0.52017-07-01: 0.752017-08-01: 0.752017-09-01: 12017-10-01: 12017-11-01: 12017-12-01: 12018-01-01: 1.252018-02-01: 1.252018-03-01: 1.252018-04-01: 1.252018-05-01: 1.252018-06-01: 1.252018-07-01: 1.52018-08-01: 1.52018-09-01: 1.52018-10-01: 1.752018-11-01: 1.752018-12-01: 1.752019-01-01: 1.752019-02-01: 1.752019-03-01: 1.752019-04-01: 1.752019-05-01: 1.752019-06-01: 1.752019-07-01: 1.752019-08-01: 1.752019-09-01: 1.752019-10-01: 1.752019-11-01: 1.752019-12-01: 1.752020-01-01: 1.752020-02-01: 1.752020-03-01: 0.252020-04-01: 0.252020-05-01: 0.252020-06-01: 0.252020-07-01: 0.252020-08-01: 0.252020-09-01: 0.252020-10-01: 0.252020-11-01: 0.252020-12-01: 0.252021-01-01: 0.252021-02-01: 0.252021-03-01: 0.252021-04-01: 0.252021-05-01: 0.252021-06-01: 0.252021-07-01: 0.252021-08-01: 0.252021-09-01: 0.252021-10-01: 0.252021-11-01: 0.252021-12-01: 0.252022-01-01: 0.252022-02-01: 0.252022-03-01: 0.52022-04-01: 12022-05-01: 12022-06-01: 1.52022-07-01: 2.52022-08-01: 2.52022-09-01: 3.252022-10-01: 3.752022-11-01: 3.752022-12-01: 4.252023-01-01: 4.52023-02-01: 4.52023-03-01: 4.52023-04-01: 4.52023-05-01: 4.52023-06-01: 4.752023-07-01: 52023-08-01: 52023-09-01: 52023-10-01: 52023-11-01: 52023-12-01: 52024-01-01: 52024-02-01: 52024-03-01: 52024-04-01: 52024-05-01: 52024-06-01: 4.752024-07-01: 4.52024-08-01: 4.52024-09-01: 4.252024-10-01: 3.752024-11-01: 3.752024-12-01: 3.252025-01-01: 32025-02-01: 32025-03-01: 2.752025-04-01: 2.752025-05-01: 2.752025-06-01: 2.752025-07-01: 2.752025-08-01: 2.752025-09-01: 2.52025-10-01: 2.252025-11-01: 2.252025-12-01: 2.252026-01-01: 2.252026-02-01: 2.252026-03-01: 2.252026-04-01: 2.252026-05-01: 2.252026-06-01: 2.252026-07-01: 2.252026-08-01: 2.252026-09-01: 2.25
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Bank of Canada Policy Interest Rate

CREDOvernight Money Market Rate
COVID-19 recession00.511.522.533.544.555.5201620182020202220242026Percent2016-10-01: 0.48832016-11-01: 0.48932016-12-01: 0.49362017-01-01: 0.48852017-02-01: 0.48872017-03-01: 0.50032017-04-01: 0.49532017-05-01: 0.48862017-06-01: 0.49412017-07-01: 0.74142017-08-01: 0.74732017-09-01: 0.99412017-10-01: 0.99552017-11-01: 0.99162017-12-01: 0.9972018-01-01: 1.24612018-02-01: 1.23672018-03-01: 1.24572018-04-01: 1.24612018-05-01: 1.24342018-06-01: 1.24642018-07-01: 1.49482018-08-01: 1.49612018-09-01: 1.49792018-10-01: 1.74762018-11-01: 1.74732018-12-01: 1.75162019-01-01: 1.74622019-02-01: 1.74552019-03-01: 1.74612019-04-01: 1.74592019-05-01: 1.7452019-06-01: 1.74292019-07-01: 1.74692019-08-01: 1.74812019-09-01: 1.74542019-10-01: 1.74722019-11-01: 1.74872019-12-01: 1.74792020-01-01: 1.74872020-02-01: 1.74852020-03-01: 0.74062020-04-01: 0.23412020-05-01: 0.23792020-06-01: 0.23272020-07-01: 0.24072020-08-01: 0.23372020-09-01: 0.21812020-10-01: 0.23372020-11-01: 0.23362020-12-01: 0.17412021-01-01: 0.18262021-02-01: 0.21432021-03-01: 0.15292021-04-01: 0.16692021-05-01: 0.18722021-06-01: 0.18732021-07-01: 0.1932021-08-01: 0.20262021-09-01: 0.18242021-10-01: 0.20252021-11-01: 0.20782021-12-01: 0.12742022-01-01: 0.18112022-02-01: 0.17542022-03-01: 0.44032022-04-01: 0.92082022-05-01: 0.94862022-06-01: 1.44792022-07-01: 2.46562022-08-01: 2.48122022-09-01: 3.2132022-10-01: 3.23482022-11-01: 3.74772022-12-01: 4.24982023-01-01: 4.24512023-02-01: 4.47642023-03-01: 4.49682023-04-01: 4.49242023-05-01: 4.49292023-06-01: 4.73632023-07-01: 4.99152023-08-01: 4.9972023-09-01: 4.99062023-10-01: 5.01052023-11-01: 5.01392023-12-01: 5.02182024-01-01: 5.02992024-02-01: 5.00172024-03-01: 5.0052024-04-01: 4.99732024-05-01: 5.00252024-06-01: 4.76352024-07-01: 4.5082024-08-01: 4.51492024-09-01: 4.26622024-10-01: 3.77742024-11-01: 3.75822024-12-01: 3.27692025-01-01: 3.27232025-02-01: 2.9832025-03-01: 2.73852025-04-01: 2.73772025-05-01: 2.74342025-06-01: 2.74412025-07-01: 2.7472025-08-01: 2.75982025-09-01: 2.52792025-10-01: 2.50012025-11-01: 2.23392025-12-01: 2.27112026-01-01: 2.24912026-02-01: 2.24922026-03-01: 2.26492026-04-01: 2.26592026-05-01: 2.24222026-06-01: 2.28752026-07-01: 2.25992026-08-01: 2.23612026-09-01: 2.2789
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Overnight Money Market Rate

CREDCORRA
2.262.282.32.322.342.362.382026Percent2026-04-16: 2.312026-04-17: 2.32026-04-20: 2.282026-04-21: 2.282026-04-22: 2.32026-04-23: 2.32026-04-24: 2.332026-04-27: 2.322026-04-28: 2.32026-04-29: 2.32026-04-30: 2.32026-05-01: 2.282026-05-04: 2.32026-05-05: 2.282026-05-06: 2.282026-05-07: 2.272026-05-08: 2.262026-05-11: 2.252026-05-12: 2.252026-05-13: 2.252026-05-14: 2.252026-05-15: 2.252026-05-19: 2.252026-05-20: 2.262026-05-21: 2.262026-05-22: 2.262026-05-25: 2.272026-05-26: 2.272026-05-27: 2.252026-05-28: 2.252026-05-29: 2.252026-06-01: 2.262026-06-02: 2.262026-06-03: 2.282026-06-04: 2.262026-06-05: 2.262026-06-08: 2.262026-06-09: 2.262026-06-10: 2.252026-06-11: 2.272026-06-12: 2.272026-06-15: 2.272026-06-16: 2.282026-06-17: 2.292026-06-18: 2.32026-06-19: 2.332026-06-22: 2.32026-06-23: 2.32026-06-24: 2.32026-06-25: 2.312026-06-26: 2.322026-06-29: 2.312026-06-30: 2.342026-07-02: 2.32026-07-03: 2.312026-07-06: 2.312026-07-07: 2.282026-07-08: 2.282026-07-09: 2.292026-07-10: 2.32026-07-13: 2.32026-07-14: 2.282026-07-15: 2.312026-07-16: 2.32026-07-17: 2.292026-07-20: 2.292026-07-21: 2.292026-07-22: 2.282026-07-23: 2.272026-07-24: 2.282026-07-27: 2.282026-07-28: 2.282026-07-29: 2.312026-07-30: 2.312026-07-31: 2.372026-08-04: 2.332026-08-05: 2.312026-08-06: 2.32026-08-07: 2.32026-08-10: 2.282026-08-11: 2.272026-08-12: 2.272026-08-13: 2.272026-08-14: 2.262026-08-17: 2.272026-08-18: 2.262026-08-19: 2.262026-08-20: 2.252026-08-21: 2.252026-08-24: 2.252026-08-25: 2.252026-08-26: 2.252026-08-27: 2.252026-08-28: 2.252026-08-31: 2.272026-09-01: 2.292026-09-02: 2.32026-09-03: 2.32026-09-04: 2.292026-09-08: 2.292026-09-09: 2.292026-09-10: 2.32026-09-11: 2.32026-09-14: 2.282026-09-15: 2.292026-09-16: 2.292026-09-17: 2.292026-09-18: 2.292026-09-21: 2.292026-09-22: 2.292026-09-23: 2.292026-09-24: 2.32026-09-25: 2.32026-09-28: 2.32026-09-29: 2.312026-10-01: 2.32026-10-02: 2.32026-10-05: 2.292026-10-06: 2.292026-10-07: 2.29
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

CORRA

CRED2-Year Government of Canada Bond Yield
2.72.82.933.13.23.33.43.52026Percent2026-04-16: 2.82026-04-17: 2.772026-04-20: 2.762026-04-21: 2.842026-04-22: 2.832026-04-23: 2.852026-04-24: 2.822026-04-27: 2.832026-04-28: 2.882026-04-29: 3.032026-04-30: 2.962026-05-01: 2.942026-05-04: 3.052026-05-05: 3.012026-05-06: 2.912026-05-07: 2.942026-05-08: 2.862026-05-11: 2.932026-05-12: 2.972026-05-13: 2.962026-05-14: 2.962026-05-15: 3.072026-05-19: 3.042026-05-20: 2.932026-05-21: 2.912026-05-22: 2.922026-05-25: 2.842026-05-26: 2.842026-05-27: 2.862026-05-28: 2.842026-05-29: 2.772026-06-01: 2.812026-06-02: 2.82026-06-03: 2.812026-06-04: 2.82026-06-05: 2.872026-06-08: 2.872026-06-09: 2.852026-06-10: 2.832026-06-11: 2.772026-06-12: 2.762026-06-15: 2.762026-06-16: 2.752026-06-17: 2.822026-06-18: 2.782026-06-19: 2.782026-06-22: 2.812026-06-23: 2.782026-06-24: 2.732026-06-25: 2.752026-06-26: 2.752026-06-29: 2.732026-06-30: 2.742026-07-02: 2.762026-07-03: 2.752026-07-06: 2.722026-07-07: 2.82026-07-08: 2.852026-07-09: 2.82026-07-10: 2.822026-07-13: 2.882026-07-14: 2.862026-07-15: 2.822026-07-16: 2.832026-07-17: 2.862026-07-20: 2.842026-07-21: 2.822026-07-22: 2.892026-07-23: 2.962026-07-24: 2.92026-07-27: 2.872026-07-28: 2.842026-07-29: 2.852026-07-30: 2.852026-07-31: 2.912026-08-04: 2.832026-08-05: 2.822026-08-06: 2.922026-08-07: 2.962026-08-10: 3.022026-08-11: 3.012026-08-12: 2.982026-08-13: 2.922026-08-14: 2.962026-08-17: 2.972026-08-18: 2.962026-08-19: 2.982026-08-20: 3.022026-08-21: 3.032026-08-24: 2.962026-08-25: 2.92026-08-26: 2.932026-08-27: 2.962026-08-28: 3.012026-08-31: 3.012026-09-01: 3.012026-09-02: 3.112026-09-03: 3.12026-09-04: 3.082026-09-08: 3.132026-09-09: 3.162026-09-10: 3.312026-09-11: 3.352026-09-14: 3.372026-09-15: 3.352026-09-16: 3.352026-09-17: 3.272026-09-18: 3.322026-09-21: 3.292026-09-22: 3.252026-09-23: 3.42026-09-24: 3.392026-09-25: 3.352026-09-28: 3.372026-09-29: 3.372026-10-01: 3.272026-10-02: 3.252026-10-05: 3.262026-10-06: 3.232026-10-07: 3.23
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

2-Year Government of Canada Bond Yield

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