The Treasury Department announced the results of this month's auction of $16 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted well below average demand.
The twenty-year bond auction drew a high yield of 4.706 percent and a bid-to-cover ratio of 2.41.
Last month, the Treasury sold $13 billion worth of twenty-year bonds, drawing a high yield of 4.506 percent and a bid-to-cover ratio of 2.73.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous twenty-year bond auctions had an average bid-to-cover ratio of 2.65.
On Thursday, the Treasury is scheduled to announce the details of this month's auctions of two-year, five-year and seven-year notes.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.