US sells 6-week bills at a high rate of 3.635%, B/C 2.96x
The strong bid-to-cover ratio of 2.96x indicates robust demand for the 6-week bills, signaling that investors are keen on short-term debt despite rising rates.
Chile Collahuasi Copper Production (dec.): -12.1% Y/Y at 36.2k tonnes, Escondida copper production -16.5% at 111.5k tonnes, via Cochilco
Venezuela ships first crude cargo to Israel as oil exports reopen after Maduro's removal, according to reports
US sells 6-week bills at a high rate of 3.635%, B/C 2.96x
European Closes: Euro Stoxx 50 -0.18% at 6,048, Dax 40 -0.12% at 24,986, FTSE 100 -0.31% at 10,354, CAC 40 +0.06% at 8,328, FTSE MIB -0.04% at 46,803, IBEX 35 -0.43% at 18,118, PSI -0.42% at 8,953, SMI -0.05% at 13,511, AEX +0.51% at 1,004
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The high rate of 3.635% reflects increasing yield expectations, which may suggest a shift in market sentiment toward tightening monetary policy. This could have implications for future rate paths and influence overall risk sentiment in the fixed income market.
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