U.S. 8-Week Treasury Auction on July 16 Records 2.84x Bid-to-Cover Ratio, Down from 2.95

The U.S. 8-week Treasury bill auction held on July 16 received a bid-to-cover ratio of 2.84, down from the previous auction's 2.95. The bid-to-cover ratio measures the total bids received relative to the amount of securities offered, with higher ratios generally indicating stronger demand.
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