United States Treasury 6-Week Bill Auction
This event reports the results of a U.S. Treasury auction for very short-term government bills that mature in about six weeks. The most watched figure is usually the auction yield or rate at which the bills were sold.
Full explanation
Treasury bills are marketable U.S. government securities sold through public auction and issued at a discount to face value. The 6-week bill is a regular short-dated bill tenor, and auction results can include the high rate, investment rate, bid-to-cover ratio and bidder categories. It should not be merged with other bill tenors such as 4-week, 8-week, 13-week or 26-week auctions.
Why traders watch it
Short-bill auctions help traders gauge front-end Treasury demand, money-market conditions and expectations around near-term policy rates.
Stronger vs weaker outcomes
A higher-than-expected auction rate may suggest weaker demand or higher front-end yield pressure. A lower-than-expected rate or strong bid metrics may suggest firmer demand for short-term Treasuries.
Related indicators
ADP National Employment Report Preliminary Estimate / NER Pulse
ADP Weekly Employment Change is a high-frequency estimate of U.S. private-sector job growth. It gives an early read on whether private employers are adding or cutting jobs.
Advance Merchant Wholesale Inventories month-over-month change
U.S. Wholesale Inventories MoM measures the monthly change in goods held in stock by merchant wholesalers. It shows whether wholesalers are building or drawing down inventories.
American Petroleum Institute Weekly Statistical Bulletin Crude Oil Inventory Change
This is a weekly estimate of the change in U.S. crude oil inventories reported by the American Petroleum Institute. A positive number means stocks rose, while a negative number means stocks fell.
ANZ Business Outlook - Business Confidence
ANZ Business Confidence shows whether New Zealand firms are generally optimistic or pessimistic about business conditions. The headline figure is usually a net balance, meaning the share expecting improvement minus the share expecting deterioration.
Australia Financial Aggregates - private sector credit growth
Australia Private Sector Credit tracks growth in credit provided to households and businesses by domestic financial institutions. The MoM version compares with the previous month, while the YoY version compares with the same month a year earlier.
Australia Housing Credit Month-over-Month
Australia Housing Credit MoM measures the monthly change in outstanding credit used for housing. It shows whether housing-related borrowing is expanding or slowing from one month to the next.