US to sell USD 77bln 26-week bills and USD 89bln of 13-week bills on May 4th, and USD 75bln of 6-week bills on May 5th; all to settle on May 7th

The announcement of the US Treasury issuing $77 billion in 26-week bills and $89 billion in 13-week bills on May 4th, alongside $75 billion in 6-week bills on May 5th, indicates a significant upcoming supply in the short-term debt space.

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Given the scale of these auctions, traders will be closely monitoring demand indicators such as bid-to-cover ratios, which could influence sentiment around interest rates and the broader market, especially if there's any notable change in participant appetite or pricing pressure.

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