US sells USD 85bln of 6-week bills at high rate of 3.63%, B/C 2.42x; sells USD 50bln 52-week bills at high rate of 3.39%, B/C 3.42x

US sells USD 85bln of 6-week bills at high rate of 3.63%, B/C 2.42x; sells USD 50bln 52-week bills at high rate of 3.39%, B/C 3.42x.

The recent US Treasury auction results show a strong demand for both 6-week and 52-week bills, indicated by bid-to-cover ratios above 2.0, suggesting robust investor appetite. The high yields at 3.63% and 3.39% reflect rising rate expectations, which may influence the interest rate outlook and push bond rates higher, impacting both equity markets and emerging market currencies.