Treasury bill · Matured

912797SV0

Original term
26-Week
Maturity
May 21, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
May 20, 2026
Analyzed through
May 19, 2026

Still priced, no longer analyzed. Risk numbers below are as of May 19, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, May 19, 2026

Yield to maturity
3.539%
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, 124 observations

3.50%3.55%3.60%3.65%3.70%3.75%3.80%3.85%Nov 20, 2025May 19, 2026Nov 20, 2025Yield to maturity3.822%Nov 25, 2025Yield to maturity3.778%Dec 1, 2025Yield to maturity3.766%Dec 4, 2025Yield to maturity3.702%Dec 9, 2025Yield to maturity3.710%Dec 12, 2025Yield to maturity3.593%Dec 17, 2025Yield to maturity3.592%Dec 22, 2025Yield to maturity3.611%Dec 26, 2025Yield to maturity3.588%Dec 31, 2025Yield to maturity3.608%Jan 6, 2026Yield to maturity3.595%Jan 9, 2026Yield to maturity3.604%Jan 14, 2026Yield to maturity3.645%Jan 20, 2026Yield to maturity3.642%Jan 23, 2026Yield to maturity3.661%Jan 28, 2026Yield to maturity3.660%Feb 2, 2026Yield to maturity3.658%Feb 5, 2026Yield to maturity3.647%Feb 10, 2026Yield to maturity3.676%Feb 13, 2026Yield to maturity3.674%Feb 19, 2026Yield to maturity3.693%Feb 24, 2026Yield to maturity3.671%Feb 27, 2026Yield to maturity3.669%Mar 4, 2026Yield to maturity3.678%Mar 9, 2026Yield to maturity3.666%Mar 12, 2026Yield to maturity3.675%Mar 17, 2026Yield to maturity3.674%Mar 20, 2026Yield to maturity3.702%Mar 25, 2026Yield to maturity3.691%Mar 30, 2026Yield to maturity3.689%Apr 2, 2026Yield to maturity3.698%Apr 7, 2026Yield to maturity3.676%Apr 10, 2026Yield to maturity3.664%Apr 15, 2026Yield to maturity3.683%Apr 20, 2026Yield to maturity3.661%Apr 23, 2026Yield to maturity3.639%Apr 28, 2026Yield to maturity3.638%May 1, 2026Yield to maturity3.646%May 6, 2026Yield to maturity3.614%May 11, 2026Yield to maturity3.623%May 14, 2026Yield to maturity3.612%May 19, 2026Yield to maturity3.539%

Price history

125 trading days to May 20, 2026

98.0098.5099.0099.50100.00Nov 20, 2025May 20, 2026Nov 20, 2025Close98.140Nov 25, 2025Close98.211Dec 1, 2025Close98.276Dec 4, 2025Close98.335Dec 9, 2025Close98.380Dec 12, 2025Close98.478Dec 17, 2025Close98.507Dec 22, 2025Close98.547Dec 26, 2025Close98.614Dec 31, 2025Close98.645Jan 6, 2026Close98.697Jan 9, 2026Close98.742Jan 14, 2026Close98.757Jan 20, 2026Close98.817Jan 23, 2026Close98.860Jan 28, 2026Close98.889Feb 2, 2026Close98.939Feb 5, 2026Close98.972Feb 10, 2026Close99.013Feb 13, 2026Close99.073Feb 19, 2026Close99.097Feb 24, 2026Close99.152Feb 27, 2026Close99.202Mar 4, 2026Close99.230Mar 9, 2026Close99.282Mar 12, 2026Close99.310Mar 17, 2026Close99.360Mar 20, 2026Close99.405Mar 25, 2026Close99.437Mar 30, 2026Close99.487Apr 2, 2026Close99.516Apr 7, 2026Close99.569Apr 10, 2026Close99.620Apr 15, 2026Close99.648Apr 20, 2026Close99.700Apr 23, 2026Close99.731Apr 28, 2026Close99.781May 1, 2026Close99.830May 6, 2026Close99.862May 11, 2026Close99.911May 14, 2026Close99.941May 19, 2026Close99.990May 20, 2026Close100.000
The most recent 20 trading days of prices for 912797SV0.
DateBidOfferClose
May 20, 2026–99.990100.000
May 19, 2026–99.98199.990
May 18, 2026–99.97199.980
May 15, 2026–99.94199.970
May 14, 202699.93199.93199.941
May 13, 202699.92199.92099.930
May 12, 202699.91199.91099.921
May 11, 202699.90199.90199.911
May 8, 202699.87199.87199.901
May 7, 202699.86299.86199.871
May 6, 202699.85299.85199.862
May 5, 202699.84399.84299.852
May 4, 202699.83199.83099.841
May 1, 202699.80199.80199.830
Apr 30, 202699.79199.79199.801
Apr 29, 202699.78199.78199.791
Apr 28, 202699.77199.77199.781
Apr 27, 202699.76199.76199.771
Apr 24, 202699.73199.73199.761
Apr 23, 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.

3 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 912797SV0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 17, 2025Nov 20, 2025New issue$77.0bn$80.7bn2.80x–
Feb 17, 2026Feb 19, 2026Reopening$89.0bn$93.1bn2.71x–
Apr 7, 2026Apr 9, 2026Reopening$70.0bn$75.1bn3.57x–

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.