bonds · official results
20-Year Treasury Bond auction results
The modern 20-year bond series resumed in 2020, so its usable history is shorter than several other nominal benchmarks and should be interpreted within that issuance regime.
62 complete comparable auctions stored · history threshold met
High yield
5.204%
Bid-to-cover
2.53
Offering amount
$16.0B
Indirect bidders
55.1%
The 20-Year Treasury Bond held on August 19, 2026 recorded an official high rate of 5.204% and a bid-to-cover ratio of 2.53. Bid-to-cover decreased from 2.64 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.34 to 2.86 · latest 2.53
Recent comparable auctions
The table is available in the server-rendered response as an accessible alternative to the chart.
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-08-19 | 20Y Bond | High yield: 5.204% | 2.53 | $16.0B | 21.5% | 55.1% | 10.9% |
| 2026-07-22 | 19Y Bond · reopening | High yield: 5.163% | 2.64 | $13.0B | 16.1% | 68.5% | 14.5% |
| 2026-06-16 | 19Y Bond · reopening | High yield: 4.927% | 2.75 | $13.0B | 19.8% | 71.2% | 8.4% |
| 2026-05-20 | 20Y Bond | High yield: 5.122% | 2.55 | $16.0B | 19.8% | 58.3% | 8.1% |
| 2026-04-22 | 19Y Bond · reopening | High yield: 4.883% | 2.68 | $13.0B | 20.2% | 59.6% | 8.6% |
| 2026-03-17 | 19Y Bond · reopening | High yield: 4.817% | 2.76 | $13.0B | 19.5% | 62.5% | 8.4% |
| 2026-02-18 | 20Y Bond | High yield: 4.664% | 2.36 | $16.0B | 24.2% | 49.1% | 15.7% |
| 2026-01-21 | 19Y Bond · reopening | High yield: 4.846% | 2.86 | $13.0B | 27.1% | 60.2% | 5.8% |
| 2025-12-17 | 19Y Bond · reopening | High yield: 4.798% | 2.67 | $13.0B | 20.0% | 58.7% | 11.3% |
| 2025-11-19 | 20Y Bond | High yield: 4.706% | 2.41 | $16.0B | 26.0% | 53.0% | 10.2% |
| 2025-10-22 | 19Y Bond · reopening | High yield: 4.506% | 2.73 | $13.0B | 24.8% | 59.9% | 9.4% |
| 2025-09-16 | 19Y Bond · reopening | High yield: 4.613% | 2.74 | $13.0B | 26.2% | 60.7% | 7.1% |
| 2025-08-20 | 20Y Bond | High yield: 4.876% | 2.54 | $16.0B | 23.4% | 53.6% | 11.4% |
| 2025-07-23 | 19Y Bond · reopening | High yield: 4.935% | 2.79 | $13.0B | 20.3% | 62.5% | 9.9% |
| 2025-06-16 | 19Y Bond · reopening | High yield: 4.942% | 2.68 | $13.0B | 18.0% | 60.3% | 12.1% |
| 2025-05-21 | 20Y Bond | High yield: 5.047% | 2.46 | $16.0B | 12.2% | 59.9% | 14.7% |
| 2025-04-16 | 19Y Bond · reopening | High yield: 4.810% | 2.63 | $13.0B | 11.4% | 65.6% | 15.8% |
| 2025-03-18 | 19Y Bond · reopening | High yield: 4.632% | 2.78 | $13.0B | 21.6% | 66.5% | 8.5% |
| 2025-02-19 | 20Y Bond | High yield: 4.830% | 2.43 | $16.0B | 17.6% | 56.8% | 15.8% |
| 2025-01-22 | 19Y Bond · reopening | High yield: 4.900% | 2.75 | $13.0B | 18.9% | 65.3% | 9.8% |
| 2024-12-17 | 19Y Bond · reopening | High yield: 4.686% | 2.50 | $13.0B | 19.8% | 61.0% | 17.6% |
| 2024-11-20 | 20Y Bond | High yield: 4.680% | 2.34 | $16.0B | 7.4% | 64.6% | 21.0% |
| 2024-10-23 | 19Y Bond · reopening | High yield: 4.590% | 2.59 | $13.0B | 17.3% | 66.4% | 14.2% |
| 2024-09-17 | 19Y Bond · reopening | High yield: 4.039% | 2.51 | $13.0B | 15.9% | 63.5% | 18.2% |
| 2024-08-21 | 20Y Bond | High yield: 4.160% | 2.54 | $16.0B | 17.8% | 65.4% | 9.0% |
| 2024-07-17 | 19Y Bond · reopening | High yield: 4.466% | 2.68 | $13.0B | 13.5% | 72.9% | 8.0% |
| 2024-06-18 | 19Y Bond · reopening | High yield: 4.452% | 2.74 | $13.0B | 15.7% | 75.0% | 5.6% |
| 2024-05-22 | 20Y Bond | High yield: 4.635% | 2.51 | $16.0B | 18.0% | 66.4% | 9.5% |
| 2024-04-17 | 19Y Bond · reopening | High yield: 4.818% | 2.82 | $13.0B | 16.0% | 73.9% | 9.0% |
| 2024-03-19 | 19Y Bond · reopening | High yield: 4.542% | 2.79 | $13.0B | 17.1% | 73.0% | 9.3% |
| 2024-02-21 | 20Y Bond | High yield: 4.595% | 2.39 | $16.0B | 18.7% | 56.1% | 20.1% |
| 2024-01-17 | 19Y Bond · reopening | High yield: 4.423% | 2.53 | $13.0B | 20.4% | 61.9% | 17.2% |
| 2023-12-20 | 19Y Bond · reopening | High yield: 4.213% | 2.55 | $13.0B | 20.6% | 65.9% | 12.8% |
| 2023-11-20 | 20Y Bond | High yield: 4.780% | 2.58 | $16.0B | 16.2% | 72.4% | 9.3% |
| 2023-10-18 | 19Y Bond · reopening | High yield: 5.245% | 2.59 | $13.0B | 15.1% | 72.4% | 11.9% |
| 2023-09-19 | 19Y Bond · reopening | High yield: 4.592% | 2.74 | $13.0B | 25.3% | 65.1% | 9.2% |
| 2023-08-23 | 20Y Bond | High yield: 4.499% | 2.56 | $16.0B | 18.2% | 61.6% | 10.2% |
| 2023-07-19 | 19Y Bond · reopening | High yield: 4.036% | 2.68 | $12.0B | 21.4% | 67.8% | 9.4% |
| 2023-06-21 | 19Y Bond · reopening | High yield: 4.010% | 2.87 | $12.0B | 17.6% | 74.4% | 7.8% |
| 2023-05-17 | 20Y Bond | High yield: 3.954% | 2.56 | $15.0B | 15.2% | 59.1% | 9.5% |
| 2023-04-19 | 19Y Bond · reopening | High yield: 3.920% | 2.66 | $12.0B | 17.5% | 62.4% | 10.9% |
| 2023-03-21 | 19Y Bond · reopening | High yield: 3.909% | 2.53 | $12.0B | 21.0% | 66.8% | 11.9% |
| 2023-02-15 | 20Y Bond | High yield: 3.977% | 2.54 | $15.0B | 14.6% | 61.2% | 5.5% |
| 2023-01-18 | 19Y Bond · reopening | High yield: 3.678% | 2.83 | $12.0B | 15.6% | 76.1% | 8.1% |
| 2022-12-21 | 19Y Bond · reopening | High yield: 3.935% | 2.68 | $12.0B | 18.9% | 71.9% | 8.6% |
| 2022-11-16 | 20Y Bond | High yield: 4.072% | 2.64 | $15.0B | 13.8% | 67.5% | 8.3% |
| 2022-10-19 | 19Y Bond · reopening | High yield: 4.395% | 2.50 | $12.0B | 19.8% | 63.5% | 16.4% |
| 2022-09-20 | 19Y Bond · reopening | High yield: 3.820% | 2.65 | $12.0B | 16.6% | 75.3% | 8.1% |
| 2022-08-17 | 20Y Bond | High yield: 3.380% | 2.30 | $15.0B | 16.2% | 59.2% | 13.0% |
| 2022-07-20 | 19Y Bond · reopening | High yield: 3.420% | 2.65 | $14.0B | 12.9% | 71.6% | 7.3% |
| 2022-06-22 | 19Y Bond · reopening | High yield: 3.488% | 2.60 | $14.0B | 18.8% | 62.6% | 11.5% |
| 2022-05-18 | 20Y Bond | High yield: 3.290% | 2.50 | $17.0B | 14.3% | 61.3% | 11.3% |