Main PageMarch 12, 2026

U.S. Treasury sells $22 billion of 30 year bonds at a high yield of 4.871%

  • High-yield 4.871%
  • WI level at the time of the auction 4.878%
  • Tail -0.7 basis points versus 6 month average of +0.2 basis points
  • bid to cover 2.45X versus 6 month average of 2.39%
  • Dealer 9.45% versus 6 month average of 11.3%
  • Directs 27.2% versus 6 month average of 23.2%
  • Indirects 63.4% vs 6 month average of 65.4%

Auction Grade: B+

After to below average auctions, the 30 year bond auction was met with above average demand. The auction came in with a tail of -0.7 basis points and a bid to cover marginally above the six-month average. Domestic demand was stronger and average but international demand was marginally less than the average. Overall the dealers were saddled with less than the average which is good news.

This article was written by Greg Michalowski at investinglive.com.