The U.S. Treasury Department auctioned $16 billion in 20-year bonds, with the awarded yield reported at 4.664%.

The previous auction recorded a yield of 4.846%.

The bid-to-cover ratio for this auction was 2.36, compared to 2.86 in the prior sale.

Primary dealers were allotted 17.6% of the issuance, up from 6.2% previously.

Direct bidders received 27.2%, down from 29.1% in the last auction.

Indirect bidders were allotted 55.2%, a decrease from the previous 64.7%.

The issue date is March 2, 2026, with a maturity date of February 15, 2046.