US to sell USD 69bln 17-week bills on 29th April; USD 80bln of 4-week and USD 75bln of 8-week bills on 30th April; to settle 5th May

The upcoming sale of USD 69 billion in 17-week bills and additional 4-week and 8-week bills indicates a substantial government borrowing effort. This could influence short-term yields and affect market liquidity, particularly as it aligns with broader fiscal strategies and might pressure the curve depending on demand. Traders should watch for bid-to-cover ratios at the auctions to gauge investor appetite and potential spillover effects on risk sentiment.