US Treasury 3-month bill yield rises to 4.015% as 6-month demand drops sharply
On September 21, the US Treasury auctioned 3-month and 6-month bills. The 3-month bill high yield rose to 4.015% from 3.97%, with a bid-to-cover ratio of 2.77 (up from 2.64). The 6-month bill high yield was 4.155%, but its bid-to-cover ratio fell sharply to 48.01% from 82.5%, indicating a significant drop in investor demand for the longer short-term maturity.
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US Treasury 3-Month Bill Yield 4.015%, 6-Month Yield 4.155% at Auction
On September 21, the US Treasury held auctions for short-term debt securities. The 3-month Treasury bill was awarded at a high yield of 4.015%, with a bid-to-cover ratio of 2.77, indicating demand exceeded the supply by nearly three times. The 6-month Treasury bill was awarded at a high yield of 4.155%, with a bid-to-cover ratio of 2.62. These results reflect current market demand for short-term US government debt and prevailing short-term interest rate levels. The data was reported by Chinese financial news outlet Cailianshe.
US 6-Month Treasury Auction Bid-to-Cover Ratio Falls to 48.01% from 82.5%
The US Treasury's auction of 6-month bills on September 21 saw the bid-to-cover ratio, which measures demand by comparing total bids to the amount of securities offered, drop sharply to 48.01%. This is a significant decline from the previous auction's ratio of 82.5%, indicating a substantial decrease in investor demand for short-term US government debt. The data, released by Jin10, provides a key indicator of market appetite for US Treasury securities and can influence short-term interest rate expectations.
Read sourceUS 3-Month Treasury Auction Bid-to-Cover Ratio at 2.77, Down from 2.64
The US Treasury's auction of 3-month bills on September 21 recorded a bid-to-cover ratio of 2.77, according to data from Jin10. This figure compares with a previous reading of 2.64. The bid-to-cover ratio is a key indicator of demand at government debt auctions, with a higher ratio indicating stronger investor interest. The slight increase from the prior auction suggests marginally improved demand for short-term US government debt. The data point is a routine economic indicator release and does not include any forecasts or commentary.
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US 3-Month Treasury Auction High Yield Rises to 4.015% from 3.97%
The US Treasury's auction of 3-month bills on September 21 resulted in a high yield of 4.015%, according to data from Jin10. This marks an increase from the previous auction's high yield of 3.97%. The data point reflects the latest cost of short-term government borrowing and is a key indicator of money market conditions and investor demand for ultra-safe, short-duration assets. The rise in yield suggests a slight increase in borrowing costs for the US government at the short end of the curve, potentially influenced by expectations for Federal Reserve monetary policy or shifts in liquidity demand. No further commentary or analysis was provided in the source item.
Read sourceUS 3-Month Treasury Auction Bid-to-Cover Ratio Rises to 36.66% on September 21
The US Treasury auction for 3-month bills held on September 21 saw the bid-to-cover ratio, or the percentage of bids accepted at the awarded yield, reach 36.66%. This marks a significant increase from the previous auction's ratio of 13.86%. The data, reported by financial information provider Jin10, indicates strong demand for short-term US government debt at the latest auction. The bid-to-cover ratio is a key indicator of auction demand, with a higher ratio suggesting stronger investor appetite. The sharp rise from the prior figure may reflect shifting market expectations regarding short-term interest rates or a flight to safety by investors.
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