BlackRock, Inc. (BLK) |
Bid-to-cover ratio strong for 4-week T-bills despite high supply
For the August 19 auction, the U.S. Treasury auctioned one-month T-bills worth $50 billion—unchanged from last week. The high discount rate for the auction came in at 0.035%—down from 0.04% the previous week. Demand for the bills was stronger—the bid-to-cover ratio came in at 3.86x—compared to 3.73x last week.