US sells 4-week bills at a high rate of 3.550%, B/C 3.18x; sells 8-week bills at a high rate of 3.540%, B/C 2.85x

US sells 4-week bills at a high rate of 3.550%, B/C 3.18x; sells 8-week bills at a high rate of 3.540%, B/C 2.85x.

The US Treasury's recent auction of 4-week and 8-week bills at high rates indicates strong demand, evidenced by bid-to-cover ratios of 3.18x and 2.85x, respectively. This demand suggests appetite for short-term securities remains robust despite rising rates, which could keep pressure on longer-dated yields and maintain a risk-off sentiment in broader markets.