US sells 17-week bills at high rate of 3.580%, B/C 2.99x
Newsquawk Staff ·
US sells 17-week bills at high rate of 3.580%, B/C 2.99x.
What it means
The strong bid-to-cover ratio of 2.99x indicates robust demand for the 17-week bills, reflecting investor appetite amid rising interest rates. The high yield of 3.580% could signal a tightening stance by the Fed, which might affect overall term premiums and sentiment in the fixed income space moving forward.
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