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

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.

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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

European Closes: Euro Stoxx 50 -0.52% at 5,895, Dax 40 -1.08% at 24,690, FTSE 100 -0.67% at 10,127, CAC 40 -0.61% at 8,063, FTSE MIB -1.07% at 44,713, IBEX 35 -1.34% at 17,429, PSI -1.14% at 8,464, SMI -0.68% at 13,174, AEX -0.16% at 991

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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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