US sold 17-week bills at a high rate of 3.600%, B/C 3.19x
Newsquawk Staff ·
US sold 17-week bills at a high rate of 3.600%, B/C 3.19x.
What it means
The sale of US 17-week bills at a high rate of 3.600% indicates strong demand, reflected in the bid-to-cover ratio of 3.19x, which is quite robust. This suggests that investors are still seeking safety in fixed income amidst market volatility, potentially impacting interest rates and overall risk sentiment in other asset classes.
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