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30-Year Treasury Bond Auction: Results, Schedule & History

High yield
5.618%
Oct 8, 2026
Tail
+0.1bp
on the screws
Bid to cover
2.54
12m avg 2.42
Indirects
72.3%
12m avg 68.3%

Ask Helious about the 30-Year Treasury Bond auction

Tail, last 4 auctions. Below the line is a stop-through
Last result ·
5.618%
tail +0.1bp · b/c 2.54 · indirects 72.3% IN LINE 
{
  "tenor": "30-year-bond",
  "date": "2026-10-08",
  "offering_usd": 22000000000,
  "high_yield": 5.618,
  "tail_bps": 0.1,
  "bid_to_cover": 2.54,
  "indirect_pct": 72.3,
  "verdict": "IN LINE"
}

The 30-Year Treasury Bond auction on Oct 8, 2026 put $22B on offer and stopped at a high yield of 5.618%, right on the screws against the when-issued yield. The bid-to-cover was 2.54, against a twelve-month average of 2.42. Indirects took 72.3%, directs 20.9% and primary dealers 6.8%. That stop is 31.0bp above the Sep 10, 2026 auction, and the highest 30-year bond stop since August 2000. Helious captured the result live as it crossed and graded it IN LINE.

The long bond is where the market prices its view on long-run inflation, on whether the debt load is sustainable, and on term premium, the extra yield investors want for locking money up that long. Nothing on the curve is more exposed to fear about debt supply. Pensions and insurers do most of the buying. Afterwards, look at the direct and indirect take, which is the share of the sale that did not stay with the primary dealers. A high number means real money absorbed the duration. If it is low, the dealers got stuck with it. A bad 30s auction can reprice the whole curve.

NEXT AUCTION
Auctioned monthly: second week (typically thursday), closes refunding week; new issue feb/may/aug/nov, reopenings other months; results cross ~13:00 ET.
LATEST RESULT:
5.618%
high yield
$22B
on offer
2.54
bid-to-cover
+0.12 vs avg
72.3%
indirects
+4.01 vs avg
20.9%
directs
-0.37 vs avg
6.8%
dealer take
-3.64 vs avg
IN LINE
desk verdict
Full desk recap →
12-MONTH AVERAGES · 11 AUCTIONS
2.42
bid-to-cover
68.29%
indirects
21.27%
directs
10.44%
dealer take
Read a new result against these numbers. When cover, indirects and directs come in above the average, that is solid investor demand. An above-average dealer take means the street absorbed the balance. The shares are percentages of competitive accepted, so indirects, directs and dealers add up to 100.

Recent auction results

DATECUSIPISSUEOFFEREDHIGH YIELDTAILB/CINDIRECTSDIRECTSDEALERSDESK RECAP
912810UW6 Reopen $22B 5.618% +0.1bp 2.54 72.3% 20.9% 6.8% IN LINE →
912810UW6 Reopen $22B 5.308% -2.7bp 2.61 79.5% 18.3% 2.2% STRONG →
912810UW6 New $25B 5.216% +0.4bp 2.39 66.8% 21.6% 11.5% WEAK →
912810UU0 Reopen $22B 5.058% -0.3bp 2.44 77.7% 12.2% 10.1% IN LINE →
912810UU0 Reopen $22B 5.020% — 2.33 60.0% 25.3% 14.7% —
912810UU0 New $25B 5.046% — 2.30 66.6% 21.7% 11.7% —
912810UR7 Reopen $22B 4.876% — 2.39 64.1% 24.2% 11.6% —
912810UR7 Reopen $22B 4.871% — 2.45 63.4% 27.2% 9.4% —
912810UR7 New $25B 4.750% — 2.66 69.9% 24.2% 5.9% —
912810UP1 Reopen $22B 4.825% — 2.42 66.8% 21.3% 12.0% —
912810UP1 Reopen $22B 4.773% — 2.36 65.4% 23.5% 11.2% —
912810UP1 New $25B 4.694% — 2.29 71.0% 14.5% 14.5% —

The issue column says which kind of auction it was. A reopening re-auctions a security that already exists, under the same CUSIP, and that is the norm for coupons outside refunding months. "New" sets a fresh coupon. Offered is the amount the Treasury announced for sale at that auction. The tail is the high yield minus the when-issued yield at the bid deadline, in basis points. A positive number means the auction had to concede yield to clear, and a negative one means it stopped through. A dash in that column means no tail exists, or none was captured. Bills never have one, because they price off a discount rate and have no when-issued market. Rows before desk coverage began in July 2026 predate tail capture, and the official records publish no when-issued yield at all. The last column, the desk recap, is the desk's live verdict, posted the moment results cross.

The desk captures each result and backfills the rest from the full auction record · download a sample (CSV, recent auctions). The full history comes through the Helious API and MCP at api.helious.io/mcp, with depth set by plan. Read what a tail means · bid-to-cover explained · who indirect bidders are · who direct bidders are.

FAQ

What did the last 30-Year Treasury Bond auction come in at?

The 30-Year Treasury Bond auction on Oct 8, 2026 put $22B on offer and stopped at a high yield of 5.618%, right on the screws against the when-issued yield. The bid-to-cover was 2.54, against a twelve-month average of 2.42. Indirects took 72.3%, directs 20.9% and primary dealers 6.8%. That stop is 31.0bp above the Sep 10, 2026 auction, and the highest 30-year bond stop since August 2000. Helious captured the result live as it crossed and graded it IN LINE.

When is the next 30-Year Treasury Bond auction?

Treasury has not announced the next 30-Year Treasury Bond auction yet. It is auctioned monthly: second week (typically Thursday), closes refunding week; new issue Feb/May/Aug/Nov, reopenings other months. This page lists the date the moment it is announced, and the recap posts within seconds of the result.

How should a 30-Year Treasury Bond auction result be read?

Read it against the tenor's own twelve-month averages: a bid-to-cover of 2.42, indirects at 68.29%, directs at 21.27%, a dealer take of 10.44%. Cover and indirects above the average with a small dealer take mean real-money demand absorbed the paper. A negative tail means the auction stopped through the when-issued yield, which is strong. A positive tail means it had to concede yield to clear. Helious graded the latest one IN LINE.
Watch the next auction live →