US sells 17-week bills at a high rate of 3.610%, B/C 3.05x
Newsquawk Staff ·
US sells 17-week bills at a high rate of 3.610%, B/C 3.05x.
What it means
The successful auction of 17-week bills at a high rate of 3.610% indicates strong demand, as reflected by a bid-to-cover ratio of 3.05x. This robust demand could suggest an appetite for short-duration instruments, potentially signaling market confidence amid current rate expectations and influencing longer-term yields moving forward.
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