Treasury Auctions · Inflation-Protected

30-Year TIPS Auctions

Every 30-year TIPS auction since October 2000: the real yield Treasury paid, how many bids came in, and who ended up holding the debt.

Latest 30-year TIPS Auction

Thursday, Aug 20, 2026

30-Year TIPSreopening

Strongdemand vs previous six 30-year TIPS auctions

2.973%

real yield · +50 bp vs prior auction · highest since October 2001

Size

$8B

29-Year 6-Month

Bid-to-cover

2.82×

+0.24 vs avg 2.58×

Indirect bidders

84.4%

+8.9 pts vs avg

Dealers took

2.1%

−3.6 pts vs avg

The Aug 20, 2026 30-year TIPS auction (a reopening) sold $8B at a real yield of 2.973%, the highest since October 2001. Bidders put in 2.82× the amount on offer, and primary dealers were left with 2.1% of the competitive award. Measured against the previous six 30-year TIPS auctions, demand grades strong.

Source: Treasury's official results announcement (PDF)

Highest on Record

3.953%

Oct 11, 2000

Lowest on Record

-0.292%

Aug 19, 2021

Last 12 Months

3 auctions

3 above their recent run, 0 below

Auctions Tracked

39 graded since 2011

Real yield at every auction

2Y10YAll

Bid-to-cover, last 24 auctions

Each dot is one auction, colored by its demand grade. The white tick is the average of the previous six auctions; the stem shows how far above or below it the auction landed.

Demand vs the series' previous six auctions:StrongSolidAverageSoftWeak

Who bought it

Share of each competitive award. When the blue band at the top grows, the dealers were left holding debt the rest of the market passed on.

■ indirect (incl. foreign central banks) · ■ direct · ■ primary dealers

Every 30-year TIPS auction

The 24 most recent 30-Year TIPS auctions
Date	Size	Yield	Chg	Cover	Indirect	Direct	Dealers	Demand	Official results
Aug 20, 2026	$8B r	2.973%	+50 bp	2.82×+0.24	84.4%+8.9 pts	13.4%	2.1%−3.6 pts	Strong	PDF
Feb 19, 2026	$9B	2.473%	−17.7 bp	2.75×+0.23	78.3%+3.1 pts	19.2%	2.5%−4.5 pts	Solid	PDF
Aug 21, 2025	$8B r	2.650%	+24.7 bp	2.78×+0.28	70.4%−5.8 pts	25.1%	4.5%−3.6 pts	Solid	PDF
Feb 20, 2025	$9B	2.403%	+34.8 bp	2.48×+0.03	77.5%+2.5 pts	15.3%	7.2%−3.0 pts	Average	PDF
Aug 22, 2024	$8B r	2.055%	−14.5 bp	2.61×+0.21	77.6%+3.0 pts	15.6%	6.9%−4.3 pts	Solid	PDF
Feb 22, 2024	$9B	2.200%	+23 bp	2.43×+0.04	73.4%−0.3 pts	17.6%	9.0%−3.6 pts	Average	PDF
Aug 24, 2023	$8B r	1.970%	+42 bp	2.42×+0.06	76.2%+3.5 pts	19.6%	4.3%−11.3 pts	Solid	PDF
Feb 16, 2023	$9B	1.550%	+63 bp	2.38×+0.02	76.0%+3.7 pts	14.1%	9.9%−6.5 pts	Solid	PDF
Aug 18, 2022	$8B r	0.920%	+72.5 bp	2.69×+0.33	76.9%+3.8 pts	12.0%	11.1%−5.2 pts	Strong	PDF
Feb 17, 2022	$9B	0.195%	+48.7 bp	2.17×−0.24	69.9%−5.3 pts	9.9%	20.3%+4.9 pts	Soft	PDF
Aug 19, 2021	$8B r	-0.292%	−25.2 bp	2.34×−0.07	74.9%−0.4 pts	12.4%	12.7%−4.5 pts	Average	PDF
Feb 18, 2021	$9B	-0.040%	+23.2 bp	2.31×−0.15	68.1%−9.2 pts	14.6%	17.2%+0.5 pts	Soft	PDF
Aug 20, 2020	$7B r	-0.272%	−53.3 bp	2.25×−0.22	70.4%−7.5 pts	7.5%	22.1%+5.3 pts	Weak	PDF
Feb 20, 2020	$8B	0.261%	−24 bp	2.40×−0.11	73.7%−4.6 pts	11.5%	14.8%−3.4 pts	Average	PDF
Aug 22, 2019	$7B r	0.501%	−59.2 bp	2.70×+0.17	81.6%+4.2 pts	7.7%	10.6%−8.4 pts	Strong	PDF
Feb 21, 2019	$8B	1.093%	−14.2 bp	2.46×−0.04	82.0%+6.6 pts	3.0%	15.0%−5.4 pts	Strong	PDF
Oct 18, 2018	$5B r	1.235%	+30.1 bp	2.32×−0.17	75.7%+1.4 pts	0.9%	23.3%+3.2 pts	Soft	PDF
Jun 21, 2018	$5B r	0.934%	−6.9 bp	2.62×+0.12	80.8%+7.1 pts	4.6%	14.6%−6.9 pts	Strong	PDF
Feb 15, 2018	$7B	1.003%	+9.5 bp	2.31×−0.16	73.6%+0.5 pts	3.8%	22.5%+0.2 pts	Soft	PDF
Oct 19, 2017	$5B r	0.908%	+2.8 bp	2.64×+0.18	76.4%+4.3 pts	0.5%	23.1%+1.1 pts	Solid	PDF
Jun 22, 2017	$5B r	0.880%	−4.3 bp	2.83×+0.43	76.1%+4.9 pts	8.4%	15.5%−8.1 pts	Strong	PDF
Feb 16, 2017	$7B	0.923%	+25.7 bp	2.25×−0.18	69.8%−1.3 pts	6.6%	23.6%−0.5 pts	Soft	PDF
Oct 20, 2016	$5B r	0.666%	−23.9 bp	2.28×−0.15	69.4%−0.9 pts	9.1%	21.6%−4.2 pts	Soft	PDF
Jun 22, 2016	$5B r	0.905%	−21.5 bp	2.69×+0.25	77.0%+9.6 pts	0.0%	23.0%−4.3 pts	Strong	PDF

Show 20 earlier auctions, back to October 2000+

Earlier 30-Year TIPS auctions
Date	Size	Yield	Cover	Indirect	Dealers	Demand
Feb 18, 2016	$7B	1.120%	2.11×	70.3%	26.9%	Soft
Oct 22, 2015 r	$7B	1.200%	2.62×	69.8%	21.7%	Strong
Jun 18, 2015 r	$7B	1.142%	2.45×	70.8%	24.9%	Strong
Feb 19, 2015	$9B	0.842%	2.43×	69.0%	27.0%	Strong
Oct 23, 2014 r	$7B	0.985%	2.29×	64.5%	31.0%	Average
Jun 19, 2014 r	$7B	1.116%	2.76×	59.7%	32.1%	Strong
Feb 20, 2014	$9B	1.495%	2.34×	56.5%	38.5%	Average
Oct 24, 2013 r	$7B	1.330%	2.76×	45.0%	35.9%	Average
Jun 20, 2013 r	$7B	1.420%	2.48×	60.8%	38.9%	Average
Feb 21, 2013	$9B	0.639%	2.47×	54.5%	31.6%	Solid
Oct 18, 2012 r	$7B	0.479%	2.82×	49.1%	37.7%	Solid
Jun 21, 2012 r	$7B	0.520%	2.64×	34.3%	37.6%	Soft
Feb 16, 2012	$9B	0.770%	2.46×	40.6%	45.8%	Soft
Oct 20, 2011 r	$7B	0.999%	3.06×	43.2%	30.2%	Strong
Jun 23, 2011 r	$7B	1.744%	3.02×	23.3%	50.5%	Soft
Feb 17, 2011	$9B	2.190%	2.54×	55.2%	41.2%	—
Aug 23, 2010 r	$7B	1.768%	2.78×	38.9%	33.1%	—
Feb 22, 2010	$8B	2.229%	2.45×	42.4%	51.2%	—
Oct 10, 2001	$5B	3.465%	2.23×	—	—	—
Oct 11, 2000 r	$5B	3.953%	1.98×	—	—	—

Yield = stop-out (high) yield; a real yield for TIPS. Chg = versus the previous auction of the same security. Cover = bid-to-cover ratio. Indirect, direct and dealer shares are of the competitive award. Small figures under a measure compare it with the previous six auctions of the same security, colored when the move is big enough to count toward the grade: orange for stronger demand, bluefor weaker. r = reopening of an existing issue. PDF = Treasury's official results.

Frequently Asked Questions

What yield did the last 30-year TIPS auction clear at?

When is the next 30-year TIPS auction?

Treasury has not announced the next 30-year TIPS auction yet; it does so about a week ahead. Treasury held 3 of these auctions in the last twelve months: 1 new issue (February) and 2 reopenings of an existing one. This page lists it as soon as it is announced.

What is the highest yield at a 30-year TIPS auction since 2000?

3.953%, on Oct 11, 2000. The lowest was -0.292% on Aug 19, 2021. The record on this page starts with the October 2000 auction.

How often does Treasury auction the 30-year TIPS?

Treasury held 3 of these auctions in the last twelve months: 1 new issue (February) and 2 reopenings of an existing one. A reopening sells more of an existing security, with the same maturity date and coupon, instead of creating a new one.

Data: US Department of the Treasury (Fiscal Data and TreasuryDirect). Demand grades are TFTC's calculation; the method is on the Treasury auctions tracker. Full history as open JSON (CC BY 4.0). Not investment advice.