US sells 4-wk bills at high-rate 3.620%, B/C 3.15x; sells 8-wk bills at high-rate 3.620%, B/C 3.26x

The U.S. Treasury auctioned 4-week and 8-week bills at a relatively high rate of 3.620%, which matches across both maturities. The bid-to-cover ratios of 3.15 and 3.26 indicate strong demand, suggesting that investors are actively seeking short-term safe assets. This could imply a robust appetite for liquidity amid current market conditions, potentially impacting longer-term rates as well as overall risk sentiment.