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Forex & Trading·May 20, 2026

US sells $16 billion of 20 year bonds at a high yield of 5.122%

High yield 5.122% WI level at the time of the auction 5.122% Tail 0.0 basis points Bid to cover 2.55X Directs 22.94% Indirects 67.67% Dealers 9.39% The dealer takedown was less than the 6-month average of 11.1%. The Bid to cover was a little lower than the average at 2.62x but the international demand saved the day with 67.67% vs 6-month average at 63.5%. AUCTION GRADE C+ This article was written by Greg Michalowski at investinglive.com.

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US sells $16 billion of 20 year bonds at a high yield of 5.122%
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3-point summary · 1 min

High yield 5.122% WI level at the time of the auction 5.122% Tail 0.0 basis points Bid to cover 2.55X Directs 22.94% Indirects 67.67% Dealers 9.39% The dealer takedown was less than the 6-month average of 11.1%. The Bid to cover was a little lower than the average at 2.62x but the international demand saved the day with 67.67% vs 6-month average at 63.5%. AUCTION GRADE C+ This article was written by Greg Michalowski at investinglive.com.

  • High yield 5.122% WI level at the time of the auction 5.122% Tail 0.0 basis points Bid to cover 2.55X Directs 22.94% Indirects 67.67% Dealers 9.39% The dealer takedown was less than the 6-month average of 11.1%.
  • The Bid to cover was a little lower than the average at 2.62x but the international demand saved the day with 67.67% vs 6-month average at 63.5%.
  • AUCTION GRADE C+ This article was written by Greg Michalowski at investinglive.com.
$16 billion5.122%22.94%67.67%9.39%11.1%

High yield 5.122% WI level at the time of the auction 5.122% Tail 0.0 basis points Bid to cover 2.55X Directs 22.94% Indirects 67.67% Dealers 9.39% The dealer takedown was less than the 6-month average of 11.1%. The Bid to cover was a little lower than the average at 2.62x but the international demand saved the day with 67.67% vs 6-month average at 63.5%. AUCTION GRADE C+ This article was written by Greg Michalowski at investinglive.com.

Integrity note  ·  The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Forexlive.

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