Treasury bill · Matured

912797RF6

Original term
52-Week
Maturity
Jul 9, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Jul 8, 2026
Analyzed through
Jul 7, 2026

Still priced, no longer analyzed. Risk numbers below are as of Jul 7, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, July 7, 2026

Yield to maturity
3.630%
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

3.4%3.6%3.8%4.0%4.2%Jul 10, 2025Jul 7, 2026Jul 10, 2025Yield to maturity4.075%Jul 18, 2025Yield to maturity4.082%Jul 28, 2025Yield to maturity4.101%Aug 5, 2025Yield to maturity3.916%Aug 13, 2025Yield to maturity3.882%Aug 21, 2025Yield to maturity3.986%Aug 29, 2025Yield to maturity3.887%Sep 9, 2025Yield to maturity3.704%Sep 17, 2025Yield to maturity3.649%Sep 25, 2025Yield to maturity3.732%Oct 3, 2025Yield to maturity3.667%Oct 14, 2025Yield to maturity3.633%Oct 22, 2025Yield to maturity3.579%Oct 30, 2025Yield to maturity3.704%Nov 7, 2025Yield to maturity3.618%Nov 18, 2025Yield to maturity3.648%Nov 26, 2025Yield to maturity3.626%Dec 5, 2025Yield to maturity3.604%Dec 15, 2025Yield to maturity3.551%Dec 23, 2025Yield to maturity3.487%Jan 2, 2026Yield to maturity3.571%Jan 12, 2026Yield to maturity3.611%Jan 21, 2026Yield to maturity3.628%Jan 29, 2026Yield to maturity3.647%Feb 6, 2026Yield to maturity3.632%Feb 17, 2026Yield to maturity3.650%Feb 25, 2026Yield to maturity3.668%Mar 5, 2026Yield to maturity3.675%Mar 13, 2026Yield to maturity3.692%Mar 23, 2026Yield to maturity3.710%Mar 31, 2026Yield to maturity3.686%Apr 8, 2026Yield to maturity3.694%Apr 16, 2026Yield to maturity3.701%Apr 24, 2026Yield to maturity3.667%May 4, 2026Yield to maturity3.674%May 12, 2026Yield to maturity3.671%May 20, 2026Yield to maturity3.617%May 29, 2026Yield to maturity3.695%Jun 8, 2026Yield to maturity3.671%Jun 16, 2026Yield to maturity3.648%Jun 25, 2026Yield to maturity3.624%Jul 6, 2026Yield to maturity3.641%Jul 7, 2026Yield to maturity3.630%

Price history

249 trading days to Jul 8, 2026

96979899100Jul 10, 2025Jul 8, 2026Jul 10, 2025Close96.067Jul 18, 2025Close96.166Jul 28, 2025Close96.234Aug 5, 2025Close96.480Aug 13, 2025Close96.591Aug 21, 2025Close96.585Aug 29, 2025Close96.779Sep 9, 2025Close97.005Sep 17, 2025Close97.125Sep 25, 2025Close97.140Oct 3, 2025Close97.286Oct 14, 2025Close97.397Oct 22, 2025Close97.511Oct 30, 2025Close97.504Nov 7, 2025Close97.657Nov 18, 2025Close97.725Nov 26, 2025Close97.826Dec 5, 2025Close97.935Dec 15, 2025Close98.041Dec 23, 2025Close98.150Jan 2, 2026Close98.222Jan 12, 2026Close98.279Jan 21, 2026Close98.357Jan 29, 2026Close98.427Feb 6, 2026Close98.529Feb 17, 2026Close98.610Feb 25, 2026Close98.681Mar 5, 2026Close98.757Mar 13, 2026Close98.850Mar 23, 2026Close98.924Mar 31, 2026Close99.010Apr 8, 2026Close99.087Apr 16, 2026Close99.165Apr 24, 2026Close99.272May 4, 2026Close99.350May 12, 2026Close99.430May 20, 2026Close99.517May 29, 2026Close99.617Jun 8, 2026Close99.699Jun 16, 2026Close99.781Jun 25, 2026Close99.871Jul 6, 2026Close99.980Jul 8, 2026Close100.000
The most recent 20 trading days of prices for 912797RF6.
DateBidOfferClose
Jul 8, 2026–99.990100.000
Jul 7, 2026–99.98099.990
Jul 6, 2026–99.97099.980
Jul 2, 202699.93199.93199.970
Jul 1, 202699.92199.92099.931
Jun 30, 202699.91099.90999.919
Jun 29, 202699.89999.89999.909
Jun 26, 202699.87199.87199.900
Jun 25, 202699.86299.86299.871
Jun 24, 202699.85399.85399.862
Jun 23, 202699.84399.84299.852
Jun 22, 202699.83299.83199.841
Jun 18, 202699.79199.79199.831
Jun 17, 202699.78299.78199.791
Jun 16, 202699.77199.77099.781
Jun 15, 202699.76099.76099.770
Jun 12, 202699.73099.73099.759
Jun 11, 202699.72099.71999.730
Jun 10, 202699.71099.70999.719
Jun 9, 202699.70099.69999.709

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 912797RF6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 8, 2025Jul 10, 2025New issue$50.0bn$52.9bn3.23x–
Jan 5, 2026Jan 8, 2026Reopening$77.0bn$81.0bn3.28x–
Apr 6, 2026Apr 9, 2026Reopening$89.0bn$95.5bn2.58x–
May 26, 2026May 28, 2026Reopening$85.0bn$88.3bn2.71x–

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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Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

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.