US Treasury auctions 3-month and 6-month bills

The six-month clearing above the three-month rate keeps a modest upward slope at the front end of the curve, a structure that matters for anything priced off short-term government paper, including tokenized T-bill products that pass auction yields through to holders. Strong bid-to-cover on both lines suggests demand absorbed the supply without strain. Whether that appetite holds as the Treasury continues rolling short-dated issuance is the open question for cash-like RWA yields.