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U.S. 1-Year T-Bill Auction Bid-to-Cover Ratio Hits 70.95% on June 9, Up from 4.56%

GateNews
According to U.S. Treasury auction data, the 1-year Treasury bill auction held on June 9 achieved a bid-to-cover ratio of 70.95%, up significantly from 4.56% in the prior auction. The bid-to-cover ratio measures the total bids received relative to the amount offered and serves as an indicator of demand for U.S. government debt securities.
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