Treasury bill · Matured

912797QX8

Original term
52-Week
Maturity
Jun 11, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Jun 10, 2026
Analyzed through
Jun 9, 2026

Still priced, no longer analyzed. Risk numbers below are as of Jun 9, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, June 9, 2026

Yield to maturity
3.650%
Modified duration
0.003 yr
DV01
0.0000
Convexity
0.000
Dirty price
99.990

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

3.5%3.6%3.7%3.8%3.9%4.0%4.1%4.2%Jun 12, 2025Jun 9, 2026Jun 12, 2025Yield to maturity4.064%Jun 23, 2025Yield to maturity4.007%Jul 1, 2025Yield to maturity4.004%Jul 10, 2025Yield to maturity4.098%Jul 18, 2025Yield to maturity4.105%Jul 28, 2025Yield to maturity4.113%Aug 5, 2025Yield to maturity3.951%Aug 13, 2025Yield to maturity3.885%Aug 21, 2025Yield to maturity3.968%Aug 29, 2025Yield to maturity3.880%Sep 9, 2025Yield to maturity3.730%Sep 17, 2025Yield to maturity3.664%Sep 25, 2025Yield to maturity3.737%Oct 3, 2025Yield to maturity3.682%Oct 14, 2025Yield to maturity3.660%Oct 22, 2025Yield to maturity3.669%Oct 30, 2025Yield to maturity3.763%Nov 7, 2025Yield to maturity3.635%Nov 18, 2025Yield to maturity3.708%Nov 26, 2025Yield to maturity3.687%Dec 5, 2025Yield to maturity3.665%Dec 15, 2025Yield to maturity3.600%Dec 23, 2025Yield to maturity3.597%Jan 2, 2026Yield to maturity3.572%Jan 12, 2026Yield to maturity3.580%Jan 21, 2026Yield to maturity3.618%Jan 29, 2026Yield to maturity3.636%Feb 6, 2026Yield to maturity3.674%Feb 17, 2026Yield to maturity3.671%Feb 25, 2026Yield to maturity3.678%Mar 5, 2026Yield to maturity3.686%Mar 13, 2026Yield to maturity3.692%Mar 23, 2026Yield to maturity3.700%Mar 31, 2026Yield to maturity3.676%Apr 8, 2026Yield to maturity3.673%Apr 16, 2026Yield to maturity3.691%Apr 24, 2026Yield to maturity3.677%May 4, 2026Yield to maturity3.664%May 12, 2026Yield to maturity3.650%May 20, 2026Yield to maturity3.576%May 29, 2026Yield to maturity3.684%Jun 8, 2026Yield to maturity3.630%Jun 9, 2026Yield to maturity3.650%

Price history

249 trading days to Jun 10, 2026

96979899100Jun 12, 2025Jun 10, 2026Jun 12, 2025Close96.078Jun 23, 2025Close96.245Jul 1, 2025Close96.331Jul 10, 2025Close96.343Jul 18, 2025Close96.443Jul 28, 2025Close96.522Aug 5, 2025Close96.738Aug 13, 2025Close96.873Aug 21, 2025Close96.891Aug 29, 2025Close97.070Sep 9, 2025Close97.260Sep 17, 2025Close97.384Sep 25, 2025Close97.413Oct 3, 2025Close97.548Oct 14, 2025Close97.650Oct 22, 2025Close97.722Oct 30, 2025Close97.745Nov 7, 2025Close97.917Nov 18, 2025Close97.966Nov 26, 2025Close98.066Dec 5, 2025Close98.176Dec 15, 2025Close98.284Dec 23, 2025Close98.362Jan 2, 2026Close98.487Jan 12, 2026Close98.560Jan 21, 2026Close98.631Jan 29, 2026Close98.702Feb 6, 2026Close98.787Feb 17, 2026Close98.876Feb 25, 2026Close98.953Mar 5, 2026Close99.030Mar 13, 2026Close99.128Mar 23, 2026Close99.206Mar 31, 2026Close99.290Apr 8, 2026Close99.370Apr 16, 2026Close99.447Apr 24, 2026Close99.549May 4, 2026Close99.630May 12, 2026Close99.711May 20, 2026Close99.795May 29, 2026Close99.899Jun 8, 2026Close99.980Jun 10, 2026Close100.000
The most recent 20 trading days of prices for 912797QX8.
DateBidOfferClose
Jun 10, 2026–99.990100.000
Jun 9, 2026–99.98099.990
Jun 8, 2026–99.97099.980
Jun 5, 2026–99.94099.970
Jun 4, 202699.93099.93099.940
Jun 3, 202699.92099.92099.930
Jun 2, 202699.90999.90999.920
Jun 1, 202699.89999.89999.909
May 29, 202699.87099.86999.899
May 28, 202699.86099.86099.870
May 27, 202699.85099.85099.860
May 26, 202699.84199.84099.850
May 22, 202699.80299.80199.841
May 21, 202699.79399.79399.802
May 20, 202699.78599.78599.795
May 19, 202699.77599.77499.784
May 18, 202699.76399.76299.773
May 15, 202699.73299.73199.762
May 14, 202699.72299.72299.731
May 13, 202699.71199.71199.720

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 912797QX8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 10, 2025Jun 12, 2025New issue$48.0bn$49.6bn3.22x–
Dec 8, 2025Dec 11, 2025Reopening$77.0bn$80.3bn3.01x–
Mar 9, 2026Mar 12, 2026Reopening$89.0bn$94.1bn2.92x–
Apr 28, 2026Apr 30, 2026Reopening$70.0bn$74.9bn3.14x–

The curve this was priced against →

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

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Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.