US sells 17-week bills at a high rate of 3.590%, B/C 2.92x

The US Treasury's recent auction of 17-week bills at a high rate of 3.590% demonstrates strong demand, as indicated by a bid-to-cover ratio of 2.92x.

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De Longhi (DLG IM) prelim FY revenue EUR 3.80bln (exp. 3.80bln)

US sells 17-week bills at a high rate of 3.590%, B/C 2.92x

US sells USD 30bln of 2-year FRN; high discount margin 0.099%

European Closes: Euro Stoxx 50 -1.03% at 5,933, Dax 40 -0.20% at 24,844, FTSE 100 -0.52% at 10,154, CAC 40 -1.06% at 8,067, FTSE MIB -0.66% at 45,139, IBEX 35 -1.10% at 17,608, PSI +0.11% at 8,663, SMI -1.53% at 13,012, AEX -0.45% at 997

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This suggests robust interest in short-duration securities, which may reflect concerns over inflation or upcoming monetary policy shifts. Overall, the strong results could bolster sentiment in the fixed income market and impact yields more broadly as investors adjust expectations for interest rates.

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