{"id":428620,"date":"2026-03-18T00:25:10","date_gmt":"2026-03-17T17:25:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/u-s-treasury-auctions-of-13-billion-of-20-year-notes-at-a-high-yield-of-4-817\/"},"modified":"2026-03-18T00:25:10","modified_gmt":"2026-03-17T17:25:10","slug":"u-s-treasury-auctions-of-13-billion-of-20-year-notes-at-a-high-yield-of-4-817","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/u-s-treasury-auctions-of-13-billion-of-20-year-notes-at-a-high-yield-of-4-817\/","title":{"rendered":"U.S. Treasury auctions of $13 billion of 20 year notes at a high yield of 4.817%"},"content":{"rendered":"<div>\n<ul>\n<li>High-yield 4.817% <\/li>\n<li>WI level at the time of the auction 4.824%<\/li>\n<li>Tail -0.7 bps versus 6 month average of 0.0 basis points<\/li>\n<li>2.76X versus 6 month average of 2.63X<\/li>\n<li>9.24% versus 6 month average of 10.9%<\/li>\n<li>Directs 21.58 vs 6 month average of 27.0%<\/li>\n<li>Indirects 69.18% vs 6 month average of 62.1%<\/li>\n<\/ul>\n<p>AUCTION GRADE: A-<\/p>\n<p>The international buyers were strong taking nearly 70% of the issue. The bid to cover was stronger than the average. The tail showed a willingness to pay up to get the issue. The domestic buyers were lower-than-expected as they were outbid by the international buyers. Overall a solid auction. <\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>High-yield 4.817% WI level at the time of the auction 4.824% Tail -0.7 bps versus 6 month average of 0.0 basis points 2.76X versus 6 month average of 2.63X 9.24% versus 6&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-428620","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=428620"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=428620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=428620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=428620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}