US sold 4-week bills at a high rate of 3.595%, B/C 3.12x; sold 8-week bills at a high rate of 3.615%, B/C 3.22x
Context
The recent auction results for 4-week and 8-week US Treasury bills show strong demand, reflected in the bid-to-cover ratios of 3.12x and 3.22x, respectively. These high rates suggest that investors are seeking safer assets amid market uncertainty, which could signal a shift in risk sentiment and impact the broader rates environment.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#FIXED INCOME#EU SESSION#US SESSION