US sells 17-week bills at a high rate of 3.590%, B/C 3.25x
Newsquawk Staff ·
US sells 17-week bills at a high rate of 3.590%, B/C 3.25x.
What it means
The sale of 17-week Treasury bills at a high rate of 3.590% indicates strong demand, as reflected by the bid-to-cover ratio of 3.25x. This suggests that investors are seeking safe-haven assets amid market uncertainties, potentially leading to further downward pressure on yields and impacting overall risk sentiment. Watch for spillover effects on longer-duration treasuries and broader fixed-income markets.
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results
- Germany sells EUR 3.89bln (exp. 5.5bln) 2036 Bund: b/c 1.15x (prev. 1.16x), average yield 3.37% (prev. 3.58%), retention 29.3% (prev. 24.1%)
- Qatar has not presented a new proposal to end hostilities between Iran and the US, Reuters reports, citing a senior Iranian official; Tehran's policy of showing no flexibility over the nuclear issue remains unchanged
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
Related headlines
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed3 hours ago
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat5 hours ago
- BoE is to kick off short and precautionary tightening cycle in November, according to a forecast from FT's Monetary Policy Radar team7 hours ago
- RBNZ Governor Breman says highly likely we'll see OCR increases at coming meetings, also notes good conditions for inflation slowing in 20279 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions10 hours ago
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause10 hours ago
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded11 hours ago
- RBNZ Governor Breman says agreed tighter policy will likely be required, conditional on the economy, adds committee discussed decline in NZD, which if sustained could add to imported inflation11 hours ago
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty 11 hours ago
- RBNZ keeps OCR unchanged at 2.75% (exp. 25bps hike to 3.00%) with the decision made by 4-3 vote12 hours ago
- New Zealand RBNZ Interest Rate Decision 2.75% vs. Exp. 3.0% (Prev. 2.75%)12 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.6734 (prev. 6.7171)13 hours ago
- RBA Governor Bullock says a key question is whether monetary policy tightening so far will be sufficient to return inflation to target within a reasonable timeframe, adds remain committed to the mandate of delivering price stability and full employment13 hours ago
- Newsquawk Daily Asia-Pac Opening News - 28th October 202615 hours ago
- Chile Central Bank maintains benchmark interest rate at 4.50% as expected, with the decision unanimous, while it stated that the future path of interest rates will be assessed on a meeting-by-meeting basis16 hours ago