Markets · Low impact

$13 Billion 20-Year Treasury Bond Auction

Oct 21, 2026, 1:00 p.m. ET

The first long-dated auction after the 10-year yield fell from 5.33% to 5.10% in two days. Demand at the long end, measured by the bid-to-cover ratio and the tail against the when-issued yield, is a read on whether the mid-October bond rally has buyers behind it.