US sells 3-month bills at a high rate of 3.635%, B/C 2.84x; sells 6-month bills at a high rate of 3.630%, B/C 3.03x

The US Treasury's sale of 3-month and 6-month bills at rates of 3.635% and 3.630%, respectively, indicates strong demand as reflected in the bid-to-cover ratios of 2.84x and 3.03x. This suggests that investors are still seeking short-term safe assets amid uncertainty, which could support a continuation of the recent trend in rates and impact fixed income pricing as traders assess the appetite for duration and term premium in the market.