The latest US Treasury 4-week bill auction cleared at 3.945%, slipping from the prior 4%. The move points to slightly lower short-term borrowing costs for the government over the coming month.<\/p>\n\n
The 0.055 percentage point decline suggests marginally firmer demand for very short-dated paper, with pricing adjusting lower as bidders accepted reduced yields.<\/p>\n\n
The result keeps front-end rates close to the 4% level, even as the auction set a new stop-out yield below the previous 4% reading.<\/p>\n\n\n\n