Demand for 3-month US Treasury bills falls to the weakest level since 2024
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
The U.S. Treasury issued $92 billion in three-month Treasury bills with a highest winning bid rate of 3.74%, marking the highest since November; the winning bid rate for $72 billion in six-month Treasury bills was 3.84%. In the three-month Treasury bill issuance, indirect bidders received only 41% of allocations, the lowest since November 2024. In the six-month issuance, indirect bidders received 56.4%, lower than the three-month average of 63.1%. “This week’s record-high auction size may be one of the reasons for the weak auction results, but the scale increase is not sufficient to fully explain the outcome,” wrote Oxford Economics analyst John Canavan in a report. “Since the FOMC decision, expectations for Federal Reserve rate hikes have fluctuated considerably, but are down about 15 basis points from a week earlier—this is also insufficient to explain why demand was so weak today.”
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Wall Street Puts $3.5 Billion Into Crypto Despite Rising Interest Rates
BeInCrypto•2026/09/30 20:03
The US Dollar Index rose 0.08% on September 30.
金色财经•2026/09/30 20:01

Bitcoin outperformed the S&P 500 and gold in September.
AiCoin•2026/09/30 19:21

Crypto prices
MoreBitcoin
BTC
$83,634.78
+0.05%
Ethereum
ETH
$2,676.4
-0.59%
Tether USDt
USDT
$0.9994
-0.02%
BNB
BNB
$765.13
+1.34%
XRP
XRP
$1.49
-0.48%
USDC
USDC
$1.0000
+0.00%
Solana
SOL
$117.68
-1.12%
TRON
TRX
$0.3379
+0.84%
Zcash
ZEC
$1,423.03
+2.10%
Hyperliquid
HYPE
$89.62
+4.65%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now