Headlines

US sells USD 86bln of 3-month bills at high-rate 3.590%, B/C 2.84x; sells USD 77bln of 6-month bills at high-rate 3.520%, B/C 2.95x

Newsquawk Staff ·

US sells USD 86bln of 3-month bills at high-rate 3.590%, B/C 2.84x; sells USD 77bln of 6-month bills at high-rate 3.520%, B/C 2.95x.

What it means

The recent issuance of US Treasury bills shows strong demand, with both the 3-month and 6-month bills seeing bid-to-cover ratios above 2.8x. The rates are also notably high compared to prior issues, signaling a robust appetite for short-term debt amidst current market conditions, which could influence yields and perceptions of risk in broader fixed income markets.

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