US sells 17-week bills at high rate 3.590%, B/C 3.20x
Newsquawk Staff ·
US sells 17-week bills at high rate 3.590%, B/C 3.20x.
What it means
The recent US auction of 17-week bills at a yield of 3.590% with a bid-to-cover ratio of 3.20x indicates strong demand, suggesting investor confidence in short-term US debt. This could reflect a preference for safety amidst market uncertainties, potentially influencing yields across the curve as participants reassess their duration appetites and risk exposure.
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