Bond Market Update

Updated: 23-Jul-25 11:26 ET
New Supply

Treasury Auction Preview

  • $13 bln 20-year Treasury bond reopening (results at 13:00 ET)
    • Prior auction results:
      • High yield: 4.942%
      • Bid-to-cover: 2.68
      • Indirect bid: 66.7%
      • Direct bid: 19.9%
    • Average results of previous 12 auctions:
      • High yield: 4.649%
      • Bid-to-cover: 2.57
      • Indirect bid: 68.4%
      • Direct bid: 17.0%
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