The Treasury Department announced the results of this month's auction of $13 billion worth of twenty-year bonds on Wednesday, revealing the sale attracted slightly above average demand.
The twenty-year bond auction drew a high yield of 4.798 percent and a bid-to-cover ratio of 2.67.
Last month, the Treasury sold $16 billion worth of twenty-year bonds, drawing a high yield of 4.706 percent and a bid-to-cover ratio of 2.41.
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 2.62.
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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Market Analysis
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.