US sell 4-week bills at a high rate of 3.640%, B/C 2.77x; Sells 8-week bills at a high rate of 3.625%, B/C 3.10x

US sell 4-week bills at a high rate of 3.640%, B/C 2.77x; Sells 8-week bills at a high rate of 3.625%, B/C 3.10x.

The sale of 4-week bills at a high rate of 3.640% and a bid-to-cover ratio of 2.77x indicates strong demand, suggesting investors are seeking safe assets amid current market uncertainties. Similarly, the 8-week bills sold at 3.625% with a 3.10x bid-to-cover reflects continued appetite for shorter-duration securities, which could put upward pressure on rates if this trend persists.