US sells 3-month bills at a high rate of 3.635%, B/C 2.58x; sells 6-month bills at a high rate of 3.615%, B/C 3.06x
The latest Treasury auction results indicate robust demand for both 3-month and 6-month bills, with bid-to-cover ratios exceeding 2.5x, suggesting strong investor interest.
US President Trump on Iran deadline says it won't be moved again; have not signed any ceasefire
Turkish President Erdogan says early election or by-election is not on the agenda; Turkey does not have an issue on energy supply security; Turkish FX reserves are adequate and strong
US sells 3-month bills at a high rate of 3.635%, B/C 2.58x; sells 6-month bills at a high rate of 3.615%, B/C 3.06x
Fars News, citing a source, says many of the missile production centers that were damaged in prior war have moved underground from the start
US President Trump says the Tuesday deadline is final; has seen every proposal; Iran proposal is a big step, but not good enough; will see what happens
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The high rates of 3.635% and 3.615% reflect a tightening of conditions that may influence yield curves and overall risk sentiment, as higher rates typically signal expectations for increased inflation or tightening monetary policy. This auction could lead to shifts in market expectations regarding future rate increases, particularly as it relates to upcoming Fed meetings.
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