An independent publication
Vol. I, No. 6 Afternoon Edition
A civic journal of money and credit
Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.
Treasury data
The latest auction of this security in the snapshot was the 20-Year Treasury bond on Aug 19, 2026, with a high yield of 5.204% and a bid-to-cover ratio of 2.530, according to the Treasury’s Fiscal Data auction file.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions · Published · Updated
Recent results of the 20-Year Treasury bond auctions, copied from Fiscal Data, with what changed from the auction before.
One point per auction, percent, as Treasury published it. This is the highest yield accepted. Auctions of other terms are in the table.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | High yield |
|---|---|
| Aug 19, 2026 | 5.204% |
| May 20, 2026 | 5.122% |
| Feb 18, 2026 | 4.664% |
| Nov 19, 2025 | 4.706% |
| Aug 20, 2025 | 4.876% |
| May 21, 2025 | 5.047% |
| Feb 19, 2025 | 4.830% |
| Nov 20, 2024 | 4.680% |
| Aug 21, 2024 | 4.160% |
| May 22, 2024 | 4.635% |
| Feb 21, 2024 | 4.595% |
| Nov 20, 2023 | 4.780% |
One point per auction. The ratio is the figure Treasury published, shown to three decimal places. A higher ratio means more bids were received for each dollar sold.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | Bid-to-cover |
|---|---|
| Aug 19, 2026 | 2.530 |
| May 20, 2026 | 2.550 |
| Feb 18, 2026 | 2.360 |
| Nov 19, 2025 | 2.410 |
| Aug 20, 2025 | 2.540 |
| May 21, 2025 | 2.460 |
| Feb 19, 2025 | 2.430 |
| Nov 20, 2024 | 2.340 |
| Aug 21, 2024 | 2.540 |
| May 22, 2024 | 2.510 |
| Feb 21, 2024 | 2.390 |
| Nov 20, 2023 | 2.580 |
The latest high yield at 20-Year Treasury bond auctions print is 5.204% on Aug 19, 2026, higher than the auction before it, 5.122% on May 20, 2026.
The latest bid-to-cover at 20-Year Treasury bond auctions print is 2.530 on Aug 19, 2026, lower than the auction before it, 2.550 on May 20, 2026.
As of Aug 19, 2026 · Compared with the stored auctions of this exact term. A reopening carries a different term label and is not counted · U.S. Department of the Treasury · Fiscal Data, Treasury securities auctions · Retrieved
| Auction date | CUSIP | Offering amount | High rate or yield | Average median yield | Bid-to-cover | Interest rate |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | 912810UX4 | $16,000,000,000 | 5.204% | 5.147% | 2.530 | 5.125% |
| May 20, 2026 | 912810UV8 | $16,000,000,000 | 5.122% | 5.068% | 2.550 | 5.000% |
| Feb 18, 2026 | 912810UT3 | $16,000,000,000 | 4.664% | 4.595% | 2.360 | 4.625% |
| Nov 19, 2025 | 912810UQ9 | $16,000,000,000 | 4.706% | 4.650% | 2.410 | 4.625% |
| Aug 20, 2025 | 912810UN6 | $16,000,000,000 | 4.876% | 4.820% | 2.540 | 4.875% |
| May 21, 2025 | 912810UL0 | $16,000,000,000 | 5.047% | 4.974% | 2.460 | 5.000% |
| Feb 19, 2025 | 912810UJ5 | $16,000,000,000 | 4.830% | 4.769% | 2.430 | 4.750% |
| Nov 20, 2024 | 912810UF3 | $16,000,000,000 | 4.680% | 4.600% | 2.340 | 4.625% |
| Aug 21, 2024 | 912810UD8 | $16,000,000,000 | 4.160% | 4.095% | 2.540 | 4.125% |
| May 22, 2024 | 912810UB2 | $16,000,000,000 | 4.635% | 4.580% | 2.510 | 4.625% |
| Feb 21, 2024 | 912810TZ1 | $16,000,000,000 | 4.595% | 4.510% | 2.390 | 4.500% |
| Nov 20, 2023 | 912810TW8 | $16,000,000,000 | 4.780% | 4.730% | 2.580 | 4.750% |
| Aug 23, 2023 | 912810TU2 | $16,000,000,000 | 4.499% | 4.427% | 2.560 | 4.375% |
| May 17, 2023 | 912810TS7 | $15,000,000,000 | 3.954% | 3.875% | 2.560 | 3.875% |
| Feb 15, 2023 | 912810TQ1 | $15,000,000,000 | 3.977% | 3.900% | 2.540 | 3.875% |
| Nov 16, 2022 | 912810TM0 | $15,000,000,000 | 4.072% | 4.010% | 2.640 | 4.000% |
| Aug 17, 2022 | 912810TK4 | $15,000,000,000 | 3.380% | 3.280% | 2.300 | 3.375% |
| May 18, 2022 | 912810TH1 | $17,000,000,000 | 3.290% | 3.215% | 2.500 | 3.250% |
| Feb 16, 2022 | 912810TF5 | $19,000,000,000 | 2.396% | 2.330% | 2.440 | 2.375% |
| Nov 17, 2021 | 912810TC2 | $23,000,000,000 | 2.065% | 1.989% | 2.340 | 2.000% |
The Treasury borrows by selling bills, notes, and bonds at auction on a published schedule. Investors bid, the Treasury accepts bids from the lowest rate upward until it has raised the amount offered, and the results are published as soon as the auction closes.
Other Treasury bond terms: 30-Year Treasury Bond. All Treasury bond auctions.
The latest auction of this security in the snapshot was the 20-Year Treasury bond on Aug 19, 2026, with a high yield of 5.204% and a bid-to-cover ratio of 2.530, according to the Treasury’s Fiscal Data auction file.
The results in the Treasury’s Fiscal Data auction file, for bills, notes, and bonds. Treasury also auctions inflation-protected securities and floating rate notes; this page lists only what its snapshot holds.
The Treasury sometimes sells more of an existing security, called a reopening, and labels it with the time left until it matures. The table shows the term exactly as the feed labels it.