The sale posted a 2.68 bid-to-cover ratio, pointing to solid demand for the U.S. government's short-term debt.
The U.S. Treasury sold $110 billion in 4-week bills at a 3.64% high yield, with a bid-to-cover ratio (investor demand gauge) of 2.68. The result indicated solid demand, showing the government's short-term paper continued to find buyers without difficulty.