Treasury bills climb as traders head back to Congress to pass debt deal

Soon-to-maturity Treasury bills rose as trading resumed after the Memorial Day holiday, following a tentative deal on the debt ceiling that eased worries about a US default.

The so-called selling rates on securities due June 6, the day after the U.S. could run out of cash, were indicated 18 basis points lower at around 5.11% in Europe on Tuesday, according to data compiled by Bloomberg. The corresponding interest rate on debt maturing on 15 June was indicated down by 42 basis points. The bills are traditionally traded in small volumes before the US session.