US sells 6-week bills at a high rate of 3.64%, B/C 2.83x
The US selling 6-week bills at a high rate of 3.64% with a bid-to-cover ratio of 2.83x indicates strong demand for these short-term instruments.
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US sells 6-week bills at a high rate of 3.64%, B/C 2.83x
European Closes: Euro Stoxx 50 +0.24% at 6,030, Dax 40 +0.02% at 25,411, FTSE 100 -0.03% at 10,137, CAC 40 -0.14% at 8,347, FTSE MIB -0.45% at 45,525, IBEX 35 +0.08% at 17,687, PSI +0.77% at 8,559, SMI -0.44% at 13,368, AEX +0.37% at 997
Iranian gunboats approached a US oil tanker in the Strait of Hormuz early Tuesday and ordered it to stop, WSJ reports; Iranian officials threatened to pull out of the talks with US special envoy Witkoff and Kushner that were poised to take place Friday
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This level suggests a robust appetite for safe assets amidst current market conditions, potentially reflecting investors' concerns about economic stability. The high bid-to-cover ratio also implies that the market is actively seeking yield, which could have spillover effects on overall rates and risk sentiment across fixed income markets.
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