Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.
20-year bond auction results
WASHINGTON, Aug. 19 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 20-year bond brought these results:
20-year bond
Yields
High 5.204%
Median 5.147%
Low 3.880%
Price/acceptances
Price 99.021288
Accepted at high 65.58%
Bid-to-cover ratio 2.53
Amounts tendered and accepted (dollars)
Competitive bids accepted 15,809,192,000
Noncompetitive bids accepted 190,844,500
Fed add-ons 2,056,891,600
Primary Dealer Tendered 21,768,000,000
Primary Dealer Accepted 1,974,395,000
Direct Bidder Tendered 5,982,000,000
Direct Bidder Accepted 3,886,857,900
Indirect Bidder Tendered 12,478,372,000
Indirect Bidder Accepted 9,947,939,100
Bond details
Issued date Aug. 31, 2026
Maturity date Aug. 15, 2046
CUSIP number 912810UX4
Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.
TLT•
