US sells 17-wk bills at high-rate 3.615%, B/C 3.20x

The US Treasury's sale of 17-week bills at a high rate of 3.615% is indicative of strong demand, as evidenced by the bid-to-cover ratio of 3.20x, which suggests robust interest among investors.

Newsquawk StaffPublished 13 May 2026, 15:52 UTCOn the live feed at 15:32 UTC — 3 more headlines followed before this page went public

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15:44

The House Financial Services Committee is taking up a bill that would amend the Federal Reserve Act to eliminate the dual mandate and focus only on price stability

15:39

Libya's NOC Chairman says he expects the Ras Lanuf refinery (220k BPD) to restart in six months to one year

15:32

US sells 17-wk bills at high-rate 3.615%, B/C 3.20x

15:30

European Closes: Euro Stoxx 50 +1.02% at 5,868, Dax 40 +0.61% at 24,102, FTSE 100 +0.58% at 10,325, CAC 40 +0.35% at 8,008, FTSE MIB +1.00% at 49,481, IBEX 35 +0.46% at 17,655, PSI +0.24% at 9,072, SMI +0.71% at 13,213, AEX +1.07% at 1,010

15:30

Fed's Collins (2028 voter) says she expects Fed will need to keep restrictive policy for some time but hopes economy will allow for more rate cuts later this year; Possible Fed will need to hike interest rates to cool inflation pressures.

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Context

This auction reflects the current preferences for short-duration securities amid a potential shift in rate expectations and could signal greater appetite for government debt amid prevailing economic uncertainties.

Fixed Income · last 90 days

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