Bond Market Update

Updated: 22-Apr-26 11:31 ET

New Supply

Treasury Auction Preview

$13 bln 20-year Treasury bond reopening (results at 13:00 ET):
- Prior auction results:
  - High yield: 4.817%
  - Bid-to-cover: 2.76
  - Indirect bid: 69.2%
  - Direct bid: 21.6%
- Average results of previous 12 auctions:
  - High yield: 4.797%
  - Bid-to-cover: 2.64
  - Indirect bid: 64.7%
  - Direct bid: 23.2%

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