US sells 3-month bills at high-rate 3.600%, B/C 2.71x; sells 6-month at high-rate 3.500%, B/C 3.08x
The US Treasury's auction results for 3-month and 6-month bills indicate robust demand, with bid-to-cover ratios of 2.71x and 3.08x, respectively.
US Energy Secretary Wright says they will restart Uranium enrichment in the US, in part with partners in France
US Energy Secretary Wright says US will continue to Europe with LNG at low prices; EU carbon border tariff is a huge risk and could make it too risky to export gas to Europe
US sells 3-month bills at high-rate 3.600%, B/C 2.71x; sells 6-month at high-rate 3.500%, B/C 3.08x
European Closes: Euro Stoxx 50 +0.78% at 6,025, Dax 40 +0.82% at 25,005, FTSE 100 +0.79% at 10,556, CAC 40 +0.54% at 8,361, FTSE MIB +0.76% at 45,764, IBEX 35 +0.60% at 17,955, PSI +0.17% at 9,074, SMI +0.78% at 13,763, AEX +0.27% at 996
Tesla (TSLA) ‘Robotaxi’ adds 5 more crashes in Austin in a month, 4x worse than humans, Electrek reports
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The high rates of 3.600% and 3.500% suggest that investors are pricing in higher yields, likely reflecting concerns about inflation or future rate hikes. This strong demand could support broader rate stability and could have negative implications for risk assets in the near term, as investors seek safety.
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