US sells 4-week bills at high rate 3.625%, B/C 2.94x; sells 8-week bills at high rate 3.630%, B/C 2.82x

US sells 4-week bills at high rate 3.625%, B/C 2.94x; sells 8-week bills at high rate 3.630%, B/C 2.82x.

The U.S. Treasury successfully sold 4-week and 8-week bills at higher yield rates than recent auctions, indicating strong demand as reflected in the bid-to-cover ratios. This could suggest a heightened appetite for short-term safe assets amidst uncertainties, potentially influencing short-term interest rates and broader fixed-income sentiment.