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U.S. 4-Week Treasury Auction Hits Record Bid-to-Cover Ratio of 62.57% on May 21

GateNews
Forex
The U.S. 4-week Treasury bill auction on May 21 saw the bid-to-cover ratio surge to 62.57%, compared to 25.82% in the previous auction. The metric, which measures demand relative to the amount offered, more than doubled, indicating significantly heightened investor demand for short-term government debt.
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