Treasury bill · Matured

912797RG4

Original term
52-Week
Maturity
Aug 6, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Aug 5, 2026
Analyzed through
Aug 4, 2026

Still priced, no longer analyzed. Risk numbers below are as of Aug 4, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, August 4, 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 0.00 cents per 100 of face cheap 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%3.5%3.6%3.7%3.8%3.9%4.0%Aug 7, 2025Aug 4, 2026Aug 7, 2025Yield to maturity3.924%Aug 15, 2025Yield to maturity3.932%Aug 25, 2025Yield to maturity3.897%Sep 3, 2025Yield to maturity3.788%Sep 11, 2025Yield to maturity3.679%Sep 19, 2025Yield to maturity3.655%Sep 29, 2025Yield to maturity3.706%Oct 7, 2025Yield to maturity3.662%Oct 16, 2025Yield to maturity3.596%Oct 24, 2025Yield to maturity3.615%Nov 3, 2025Yield to maturity3.719%Nov 12, 2025Yield to maturity3.664%Nov 20, 2025Yield to maturity3.674%Dec 1, 2025Yield to maturity3.650%Dec 9, 2025Yield to maturity3.649%Dec 17, 2025Yield to maturity3.532%Dec 26, 2025Yield to maturity3.531%Jan 6, 2026Yield to maturity3.541%Jan 14, 2026Yield to maturity3.550%Jan 23, 2026Yield to maturity3.602%Feb 2, 2026Yield to maturity3.644%Feb 10, 2026Yield to maturity3.600%Feb 19, 2026Yield to maturity3.628%Feb 27, 2026Yield to maturity3.625%Mar 9, 2026Yield to maturity3.653%Mar 17, 2026Yield to maturity3.660%Mar 25, 2026Yield to maturity3.710%Apr 2, 2026Yield to maturity3.675%Apr 10, 2026Yield to maturity3.672%Apr 20, 2026Yield to maturity3.669%Apr 28, 2026Yield to maturity3.676%May 6, 2026Yield to maturity3.694%May 14, 2026Yield to maturity3.681%May 22, 2026Yield to maturity3.666%Jun 2, 2026Yield to maturity3.694%Jun 10, 2026Yield to maturity3.691%Jun 18, 2026Yield to maturity3.697%Jun 29, 2026Yield to maturity3.684%Jul 8, 2026Yield to maturity3.630%Jul 16, 2026Yield to maturity3.678%Jul 24, 2026Yield to maturity3.664%Aug 3, 2026Yield to maturity3.651%Aug 4, 2026Yield to maturity3.650%

Price history

249 trading days to Aug 5, 2026

96979899100Aug 7, 2025Aug 5, 2026Aug 7, 2025Close96.209Aug 15, 2025Close96.303Aug 25, 2025Close96.416Sep 3, 2025Close96.603Sep 11, 2025Close96.775Sep 19, 2025Close96.891Sep 29, 2025Close96.926Oct 7, 2025Close97.039Oct 16, 2025Close97.176Oct 24, 2025Close97.256Nov 3, 2025Close97.258Nov 12, 2025Close97.384Nov 20, 2025Close97.456Dec 1, 2025Close97.578Dec 9, 2025Close97.656Dec 17, 2025Close97.805Dec 26, 2025Close97.910Jan 6, 2026Close97.990Jan 14, 2026Close98.060Jan 23, 2026Close98.139Feb 2, 2026Close98.196Feb 10, 2026Close98.294Feb 19, 2026Close98.367Feb 27, 2026Close98.465Mar 9, 2026Close98.531Mar 17, 2026Close98.606Mar 25, 2026Close98.666Apr 2, 2026Close98.757Apr 10, 2026Close98.856Apr 20, 2026Close98.936Apr 28, 2026Close99.013May 6, 2026Close99.087May 14, 2026Close99.170May 22, 2026Close99.282Jun 2, 2026Close99.356Jun 10, 2026Close99.437Jun 18, 2026Close99.546Jun 29, 2026Close99.628Jul 8, 2026Close99.722Jul 16, 2026Close99.799Jul 24, 2026Close99.900Aug 3, 2026Close99.980Aug 5, 2026Close100.000
The most recent 20 trading days of prices for 912797RG4.
DateBidOfferClose
Aug 5, 2026–99.990100.000
Aug 4, 2026–99.98099.990
Aug 3, 2026–99.97099.980
Jul 31, 2026–99.94099.970
Jul 30, 202699.93099.93099.940
Jul 29, 202699.91999.91999.929
Jul 28, 202699.91099.90999.920
Jul 27, 202699.90099.89999.909
Jul 24, 202699.87199.87099.900
Jul 23, 202699.86099.86099.870
Jul 22, 202699.85099.85099.860
Jul 21, 202699.84099.83999.850
Jul 20, 202699.83199.83099.840
Jul 17, 202699.80099.79999.830
Jul 16, 202699.78999.78999.799
Jul 15, 202699.77999.77999.789
Jul 14, 202699.77099.76999.779
Jul 13, 202699.76199.76099.770
Jul 10, 202699.73299.73199.761
Jul 9, 202699.72299.72299.731

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 912797RG4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 5, 2025Aug 7, 2025New issue$50.0bn$52.8bn2.85x–
Feb 2, 2026Feb 5, 2026Reopening$77.0bn$80.5bn3.08x–
May 4, 2026May 7, 2026Reopening$89.0bn$94.6bn2.76x–
Jun 23, 2026Jun 25, 2026Reopening$65.0bn$69.5bn2.91x–

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.