The United States conducted auctions for 3-month and 6-month bills, with high rates of 5.245% and 5.160% respectively. The 6-month bill auction saw a bid-to-cover ratio of 2.92, selling $76 billion and awarding 63.69% at high rates. The Federal Reserve bid $5.6 billion for 6-month bills. In a separate auction, the US sold $16 billion 20-year bonds at a high yield of 4.635%, with a bid-to-cover ratio of 2.51 and awarding 30.20% at high rates.