U.S. 29-year 10-month bond high yield 5.618%
TLT•The U.S. Treasury’s Dutch auction of a 29-year 10-month bond had a high yield of 5.618%, with $22.0 billion accepted and a bid-to-cover ratio of 2.54.
1. Auction results
The U.S. Treasury said the auction had a median yield of 5.567% and a low yield of 5.000%. The price was 92.889131, and 26.77% of the amount accepted was at the high yield.
2. Bids and terms
Total public bids tendered were $55.9 billion, and total accepted was $22.0 billion. The bond is scheduled to be issued on Oct. 15, 2026, and mature on Aug. 15, 2056.
