Tag: Fixed Income

Chart of the Day: 3-Month Bill Bid-To-Cover Ratio Plunges

July 2, 2018 0 Comments
Chart of the Day: 3-Month Bill Bid-To-Cover Ratio Plunges

While demand for US Treasuries remains brisk at primary auctions, the same can hardly be said for the short-end of the market, where moments ago we saw what happens to auction demand in a time of rapidly rising rates. As shown in the chart above, while the yield on the 3 month Bills auctioned off […]

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