Treasury bill · Matured

912796JX8

Original term: 52-Week
Maturity: Jun 22, 2017
Coupon: –
Pays: None
Dated: –
First coupon: –
Priced through: Jun 21, 2017
Analyzed through: Jun 20, 2017

Still priced, no longer analyzed. Risk numbers below are as of Jun 20, 2017, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, June 20, 2017

Yield to maturity: 0.821%
Modified duration: 0.003 yr
DV01: 0.0000
Convexity: 0.000
Dirty price: 99.998

Where its rate sensitivity sits

All of it in one place. A bill pays a single cashflow at maturity, so its key rate profile is its modified duration of 0.003 years, sitting in the nearest bucket and nothing anywhere else. That is also why its duration equals its remaining term rather than being shorter: there are no coupons to pull the average payment date forward. A twelve-bucket chart of that would be eleven empty bars.

Against the money market curve

Priced 0.01 cents per 100 of face rich to the curve on that day.

Shown as a price rather than a yield. This bill is 2 days from redemption, and inside a month the difference between its price and the curve annualizes into a number that looks like an enormous mispricing rather than the fraction of a cent it is: worst case across eighteen years, 1,435 basis points on a residual of four cents. Its yield above is unaffected and stands: a bill quotes on an investment-rate basis, which is the market's own convention rather than an annualized stub.

Yield to maturity, 248 observations

Price history

249 trading days to Jun 21, 2017

The most recent 20 trading days of prices for 912796JX8.
Date	Bid	Offer	Close
Jun 21, 2017	–	99.998	100.000
Jun 20, 2017	–	99.995	99.998
Jun 19, 2017	–	99.993	99.995
Jun 16, 2017	–	99.986	99.993
Jun 15, 2017	99.985	99.984	99.986
Jun 14, 2017	99.982	99.982	99.984
Jun 13, 2017	99.980	99.980	99.982
Jun 12, 2017	99.980	99.979	99.982
Jun 9, 2017	99.973	99.973	99.980
Jun 8, 2017	99.973	99.973	99.975
Jun 7, 2017	99.970	99.970	99.972
Jun 6, 2017	99.968	99.968	99.970
Jun 5, 2017	99.966	99.966	99.968
Jun 2, 2017	99.961	99.961	99.966
Jun 1, 2017	99.959	99.959	99.961
May 31, 2017	99.956	99.956	99.957
May 30, 2017	99.955	99.955	99.956
May 26, 2017	99.947	99.947	99.954
May 25, 2017	99.942	99.942	99.948
May 24, 2017	99.940	99.940	99.942

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

4 auctions

A CUSIP can be auctioned more than once: Treasury reopens an existing security rather than issuing a new one, so the same bond is sold again at whatever yield the market then wants.

Auction history for 912796JX8.
Auction date	Issued	Type	Offered	Accepted	Bid to cover	High yield
Jun 21, 2016	Jun 23, 2016	New issue	$20.0bn	$20.0bn	3.71x	–
Dec 19, 2016	Dec 22, 2016	Reopening	$28.0bn	$28.0bn	3.35x	–
Mar 20, 2017	Mar 23, 2017	Reopening	$39.0bn	$39.0bn	3.08x	–
May 23, 2017	May 25, 2017	Reopening	$55.0bn	$55.0bn	2.85x	–

The curve this was priced against →