---
title: "US sells $16 billion of 20 year bonds at a high yield of 5.122%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287099604.md"
description: "High yield 5.122%WI level at the time of the auction 5.122%Tail 0.0 basis pointsBid to cover 2.55XDirects 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+"
datetime: "2026-05-20T17:06:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287099604.md)
  - [en](https://longbridge.com/en/news/287099604.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287099604.md)
---

# 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+

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