US 20-Year Auction High Yield Rises from Previous Month, Demand Higher

01:17 PM EDT, 10/21/2026 (MT Newswires) -- The US Treasury's 20-year auction hit a high yield of 5.469% on Wednesday, up from the 5.420% high in the previous auction. The bid to cover ratio for the auction was 2.73, above the 2.57 ratio in the previous auction. Dealers represented 55.45% of the bids, with direct bidders at 15.01% and indirect bidders at 29.54%. For takedown, dealers took 10.26%, with direct bidders at 31.59% and indirect bidders at 58.16%.