Bond Market Update

Updated: 20-May-26 11:30 ET

New Supply

Treasury Auction Preview

$16 bln 20-year Treasury bond auction (results at 13:00 ET):
- Prior auction results:
  - High yield: 4.883%
  - Bid-to-cover: 2.68
  - Indirect bid: 67.4%
  - Direct bid: 22.9%
- Average results of previous 12 auctions:
  - High yield: 4.803%
  - Bid-to-cover: 2.64
  - Indirect bid: 64.4%
  - Direct bid: 24.1%

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