US sells 3-month bills at high-rate 3.600%, B/C 2.81x; sells 6-month at high-rate 3.525%, B/C 3.08x

US sells 3-month bills at high-rate 3.600%, B/C 2.81x; sells 6-month at high-rate 3.525%, B/C 3.08x.

The strong bid-to-cover ratios for both the 3-month and 6-month bills indicate robust demand in the market, suggesting that investors are seeking safe-haven assets amid uncertain conditions. The higher rates reflect ongoing market adjustments and expectations around future rate hikes, which may influence broader rates and risk sentiment moving forward.