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

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. 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.