US sells 17-wk bills at high rate 3.595%, covered 2.97x

The recent auction of 17-week bills at a high rate of 3.595% demonstrates robust demand, indicated by a coverage ratio of 2.97x.

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Newsquawk headlinesUTC

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US sells 17-wk bills at high rate 3.595%, covered 2.97x

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European Closes: Euro Stoxx 50 -0.39% at 5,972, Dax 40 -0.52% at 24,653, FTSE 100 +0.85% at 10,402, CAC 40 +1.01% at 8,262, FTSE MIB +0.47% at 46,636, IBEX 35 -0.09% at 18,103, PSI +0.61% at 8,882, SMI +1.08% at 13,518, AEX -0.37% at 990

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Context

This suggests strong interest from investors in the current rate environment, potentially reflecting a preference for shorter-duration securities amidst changing economic conditions. This could influence broader sentiment in the fixed income market, particularly regarding expectations for future rate movements.

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