Economy
Yields drops at 3-month T-bill auction
The 2.9x bid-to-cover ratio has not prompted the agency to sell more than planned.
The average yield came in at 5.92%, down 8 basis points from Monday's reference yield and 7 bps lower than at the previous auction a week ago.
Accepted bids ranged between 5.75% and 5.94%.
The average yield came in at 5.92%, down 8 basis points from Monday's reference yield and 7 bps lower than at the previous auction a week ago.
Accepted bids ranged between 5.75% and 5.94%.
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