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US sold 4-week bills at a high rate of 3.630%, B/C 2.85x; sold 8-week bills at a high rate of 3.630%, B/C 2.64x

The recent auction of US 4-week and 8-week bills drew strong demand, with bid-to-cover ratios of 2.85x and 2.64x respectively.

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US sold 4-week bills at a high rate of 3.630%, B/C 2.85x; sold 8-week bills at a high rate of 3.630%, B/C 2.64x

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This indicates solid interest from investors at the high rate of 3.630%, which could suggest a shift in sentiment towards short-term instruments and may influence expectations around future rate movements and the yield curve.

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