US non-comp bids for three-month bills at $2258.5 mln

US non-comp bids for three-month bills at $2258.5 mln

On July 14, 2025, the U.S. Treasury Department reported the results of non-competitive bids on 3-Month Bills, with a significant amount of $2,372.58 million accepted. The security, with a maturity date of October 16, 2025, received bids totaling $2,672.58 million, out of which $2,372.58 million were accepted. This leaves an approximate remaining competitive bid amount of $79,327.417.500 million [1].

The Federal Reserve's System Open Market Account (SOMA) also participated in the bidding, tendering $3,344.64 million. This indicates a strong demand for the 3-Month Bills, with the bids primarily coming from institutional investors. The high demand suggests a robust appetite for short-term U.S. government securities, reflecting investor confidence in the U.S. economy [1].

Separately, the engineering, procurement, and construction (EPC) company Savy Infra and Logistics has seen its initial public offering (IPO) receive a strong response. The IPO, which opened on July 21, 2025, was fully subscribed within a few hours, receiving bids for 5.28 million equity shares compared to the issue size of 4.17 million shares. The issue was booked around 1.27 times as of 1 PM on the first day of the offering, driven primarily by qualified institutional buyers (QIBs) who subscribed to the allotted quota by 2.3 times [2].

The company's shares were trading at ₹135 on Monday, July 21, 2025, commanding a premium of ₹15 or 12.5% compared to the upper end of the price band of ₹114 to ₹120. The IPO will close for bidding on Wednesday, July 23, 2025, with shares likely to be listed on the NSE SME platform on Monday, July 28, 2025 [2].

References:
[1] Reuters. (2025, July 14). Non-competitive bids for U.S. 3-Month Bills. Retrieved from https://www.tradingview.com/news/reuters.com,2025-07-14:newsml_AQN2KMNVF:0-table-non-competitive-bids-for-u-s-3-month-bills/
[2] Business Standard. (2025, July 21). Savy Infra & Logistics IPO fully subscribed on day 1. Retrieved from https://www.business-standard.com/markets/news/savy-infra-ipo-fully-subscribed-on-day-1-qibs-lead-demand-gmp-at-12-125072100543_1.html