U.S. 4-Month Treasury Bid-to-Cover Ratio Surges to 93.35% on June 3

On June 3, the U.S. Treasury 4-month bill auction saw a bid-to-cover ratio of 93.35%, rising sharply from 25.59% at the previous auction. The bid-to-cover ratio measures the total bids received relative to the amount offered, with higher readings indicating stronger demand.
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