US sells USD 89bln in 3-mnth bills at 3.580%, covered 2.90x; sells USD 77bln of 6-mnth bills at 3.525%, covered 3.07x

The recent US Treasury auction of $89 billion in 3-month bills and $77 billion in 6-month bills indicates strong demand, as evidenced by coverage ratios of 2.90x and 3.07x, respectively.

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US sells USD 89bln in 3-mnth bills at 3.580%, covered 2.90x; sells USD 77bln of 6-mnth bills at 3.525%, covered 3.07x

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This suggests healthy investor appetite amid current market conditions, which could provide a mini-benchmark for other short-term debt and influence rates. Such solid auction results may also signal confidence in the stability of the USD and have implications for future Treasury supply and interest rate expectations.

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