3-Month Treasury Constant Maturity Minus Federal Funds Rate (T3MFFM)

Observations

Feb 2026: 0.05
Updated: Mar 2, 2026 4:03 PM CST
Next Release Date: Mar 9, 2026
Feb 2026:  0.05  
Jan 2026:  0.03  
Dec 2025:  -0.05  
Nov 2025:  0.06  
Oct 2025:  -0.10  
View All

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Monthly

Fullscreen

Notes

Source: Federal Reserve Bank of St. Louis  

Release: Interest Rate Spreads

Units:  Percent, Not Seasonally Adjusted

Frequency:  Monthly

Notes:

Series is calculated as the spread between 3-Month Treasury Constant Maturity (BC_3MONTHM) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFR).
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

Suggested Citation:

Federal Reserve Bank of St. Louis, 3-Month Treasury Constant Maturity Minus Federal Funds Rate [T3MFFM], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T3MFFM, .

Release Tables

Related Data and Content

Data Suggestions Based On Your Search

Content Suggestions

Other Formats

Daily, Not Seasonally Adjusted

Related Categories

Interest Rate Spreads Interest Rates Money, Banking, & Finance

Releases

More Series from Interest Rate Spreads

Tags

Yield Curve Spread 3-Month Maturity Treasury Federal Interest Rate Interest St. Louis Fed Rate Copyrighted: Citation Required Monthly Nation United States of America Not Seasonally Adjusted

Back to Top

Subscribe to the FRED newsletter

Follow us

 

Need Help?

Questions or Comments
FRED Help
Legal
Privacy Notice & Policy