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FX/Bonds

US sells USD 16bln of 20-year bonds; Tail 0.5bps

StockNow breaking-news AI analysis

The 20-year bond auction showed resilient but slightly weaker demand at a high 5.204% yield, as the Treasury doubled buybacks to stabilize a market pressured by high supply.

News detail

High Yield: 5.204% (prev. 5.163%, six-auction avg. 4.929%); WI 5.199% Tail: 0.5bps (prev. 0.5bps, six-auction avg. -0.0bps) Bid-to-Cover: 2.53x (prev. 2.64x, six-auction avg. 2.62x) Dealers: 12.5% (prev. 14.7%, six-auction avg. 11.5%) Directs: 24.6% (prev. 16.2%, six-auction avg. 21.8%) Indirects: 62.9% (prev. 69.1%, six-auction avg. 66.7%)

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