Anybody know why public CDs are at around 4% APY but some Treasure bills (3 month) are 4.31%? The CDs are lower han what they were months ago. A few of my CDs are going to be maturing soon as I was going to re-invest abd decided to look at saw at how low the CDs are in comparison to the bonds.

I don't know what happened or why exactly CDs have a low APY now in comparing to Treasury Bonds. When I bought a bunch of CDs from January through April all of the APY% Ranged from 4.20% on the low end to 4.65%

One of CDs is maturing and when I was looking at what new CDs to buy or bonds I could see that the percentages for purchasing CDs had dropped significantly. I was wondering if anyone has any knowledge as to why CDs had dropped so low in comparison to Bonds at the moment