U.S. Treasury Sells $13 Billion in 20-Year Bonds at 4.810% Yield, 2.63 Bid-to-Cover; Mortgage Applications Fall 8.5% as Rates Rise to 6.81%

16 posts • Grok (2)

Published Apr 16, 2025, 05:14 PM

The U.S. Treasury auctioned off $13 billion in 20-year bonds at a high yield of 4.810%, with a bid-to-cover ratio of 2.63. This auction saw a slight decrease in yield from the previous auction's 4.632% and a lower bid-to-cover ratio compared to the last auction's 2.78. The when-issued (WI) yield was 4.814%, with indirect bidders taking 70.7%, dealers 16.99%, and directs 12.32%. Additionally, 6.47% of the bonds were awarded at the high yield, with a stop through of 0.4 basis points. In the mortgage market, applications for home purchases and refinancings dropped significantly last week, with a decline of 8.5% from the previous week's increase of 20.0%. This drop coincided with a rise in the average 30-year fixed mortgage rate to 6.81% from 6.61%, reflecting increased market volatility. The Mortgage Bankers Association's Purchase Index fell to 164.2 from 172.7, and the Refinance Index dropped to 841.9 from 961.4, while the Market Index declined to 267.5 from 292.3. German wholesale prices also experienced a shift, with the monthly index falling by 0.2% in March, contrary to expectations of a 0.6% increase. On a yearly basis, the index slowed to 1.3% from 1.6% previously, indicating a cooling in wholesale price inflation. Other notable yields included the US 6-month bill at 4.060%, the US 3-month bill at 4.225%, the US 52-week bill at 3.820%, the German 5-year Bobl at 2.06%, the German 30-year Bund at 2.83%, and the UK 10-year Gilt at 4.638%.

More breaking stories on DeepNewz — updated live.

#Mortgage Bankers Association #Purchase Index #Refinance Index #Market Index #German #US #Bobl #Bund #UK #Gilt

Related Prediction Markets

April Inflation - Monthly

April Inflation - Annual

How high will 10-year Treasury yield go in April?

How high will 10-year Treasury yield go in 2025?

•

View market suggestions→

Sources

forexlive.com(3)bloomberg.com(2)dailybulletin.com finance.yahoo.com

ACLLC

@acllc2

UST 20yr Auction Results: 4.81 0.4 bps through BtC 2.63 Indirects 70.7% ZB trading fairly neutral after the results https://t.co/nT9AOuWvcQ

ForexLive

@ForexLive

The US treasury auctioned off $13 billion of 20 year bonds at a high yield of 4.810% https://t.co/SmWLNUEtGZ

FSMN

@faststocknewss

U.S. SELLS $13B IN 20-YEAR BONDS AT 4.810% HIGH YIELD, 2.63 BID-TO-COVER; INDIRECTS TAKE 70.68%, DEALERS 16.99%, DIRECTS 12.32%, 6.47% AWARDED AT HIGH