US Treasury Set to Auction $153B of Debt Today

The US Treasury is set to sell $153 billion of government debt today, including $95 billion of 6-week bills and a closely watched $58 billion 3-year note auction.
Demand will be important for the broader market. Strong bidding could help ease upward pressure on Treasury yields and support stocks and crypto, while weak demand could push yields higher and weigh on risk assets.
With long-term borrowing costs already elevated, the auction provides another real-time test of investor appetite for US government debt.