Reopening
20-Year Treasury Bond auction result for April 19, 2023
The 20-Year Treasury Bond reopening held on April 19, 2023 recorded an official high rate of 3.920% and a bid-to-cover ratio of 2.66. Bid-to-cover increased from 2.53 at the preceding comparable auction.
High yield
3.920%
Bid-to-cover
2.66
Direct bidders
17.5%
Primary dealers
10.9%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 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% |
| 2022-04-20 | 19Y Bond · reopening | High yield: 3.095% | 2.80 | $16.0B | 13.4% | 66.7% | 7.7% |
| 2022-03-23 | 19Y Bond · reopening | High yield: 2.651% | 2.72 | $16.0B | 21.9% | 54.3% | 8.1% |
| 2022-02-16 | 20Y Bond | High yield: 2.396% | 2.44 | $19.0B | 17.9% | 53.7% | 13.7% |
| 2022-01-19 | 19Y Bond · reopening | High yield: 2.210% | 2.48 | $20.0B | 14.8% | 57.6% | 14.6% |
| 2021-12-21 | 19Y Bond · reopening | High yield: 1.942% | 2.59 | $20.0B | 18.3% | 57.1% | 12.6% |
| 2021-12-02 | 19Y Bond · reopening | High yield: 1.872% | 2.92 | $25.0M | 0.0% | 0.0% | 100.0% |
| 2021-11-17 | 20Y Bond | High yield: 2.065% | 2.34 | $23.0B | 17.9% | 55.6% | 18.9% |
| 2021-10-20 | 19Y Bond · reopening | High yield: 2.100% | 2.25 | $24.0B | 14.2% | 58.8% | 17.8% |
| 2021-09-21 | 19Y Bond · reopening | High yield: 1.795% | 2.36 | $24.0B | 16.9% | 57.3% | 15.1% |
| 2021-08-18 | 20Y Bond | High yield: 1.850% | 2.44 | $27.0B | 16.6% | 55.3% | 16.9% |