Treasury bill · Matured

912797TD9

Original term
26-Week
Maturity
Jun 18, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Jun 17, 2026
Analyzed through
Jun 16, 2026

Still priced, no longer analyzed. Risk numbers below are as of Jun 16, 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 16, 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 0.00 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

3.55%3.58%3.60%3.63%3.65%3.67%3.70%3.73%Dec 18, 2025Jun 16, 2026Dec 18, 2025Yield to maturity3.591%Dec 23, 2025Yield to maturity3.610%Dec 29, 2025Yield to maturity3.608%Jan 2, 2026Yield to maturity3.606%Jan 7, 2026Yield to maturity3.574%Jan 12, 2026Yield to maturity3.614%Jan 15, 2026Yield to maturity3.623%Jan 21, 2026Yield to maturity3.631%Jan 26, 2026Yield to maturity3.640%Jan 29, 2026Yield to maturity3.649%Feb 3, 2026Yield to maturity3.668%Feb 6, 2026Yield to maturity3.677%Feb 11, 2026Yield to maturity3.665%Feb 17, 2026Yield to maturity3.674%Feb 20, 2026Yield to maturity3.672%Feb 25, 2026Yield to maturity3.671%Mar 2, 2026Yield to maturity3.679%Mar 5, 2026Yield to maturity3.668%Mar 10, 2026Yield to maturity3.666%Mar 13, 2026Yield to maturity3.685%Mar 18, 2026Yield to maturity3.704%Mar 23, 2026Yield to maturity3.702%Mar 26, 2026Yield to maturity3.701%Mar 31, 2026Yield to maturity3.679%Apr 3, 2026Yield to maturity3.697%Apr 8, 2026Yield to maturity3.686%Apr 13, 2026Yield to maturity3.664%Apr 16, 2026Yield to maturity3.683%Apr 21, 2026Yield to maturity3.661%Apr 24, 2026Yield to maturity3.669%Apr 29, 2026Yield to maturity3.658%May 4, 2026Yield to maturity3.676%May 7, 2026Yield to maturity3.655%May 12, 2026Yield to maturity3.673%May 15, 2026Yield to maturity3.651%May 20, 2026Yield to maturity3.619%May 26, 2026Yield to maturity3.658%May 29, 2026Yield to maturity3.687%Jun 3, 2026Yield to maturity3.675%Jun 8, 2026Yield to maturity3.653%Jun 11, 2026Yield to maturity3.662%Jun 16, 2026Yield to maturity3.630%

Price history

125 trading days to Jun 17, 2026

98.2598.5098.7599.0099.2599.5099.75100.00Dec 18, 2025Jun 17, 2026Dec 18, 2025Close98.250Dec 23, 2025Close98.289Dec 29, 2025Close98.347Jan 2, 2026Close98.406Jan 7, 2026Close98.448Jan 12, 2026Close98.479Jan 15, 2026Close98.504Jan 21, 2026Close98.559Jan 26, 2026Close98.604Jan 29, 2026Close98.629Feb 3, 2026Close98.671Feb 6, 2026Close98.717Feb 11, 2026Close98.751Feb 17, 2026Close98.807Feb 20, 2026Close98.856Feb 25, 2026Close98.886Mar 2, 2026Close98.933Mar 5, 2026Close98.966Mar 10, 2026Close99.016Mar 13, 2026Close99.060Mar 18, 2026Close99.085Mar 23, 2026Close99.135Mar 26, 2026Close99.165Mar 31, 2026Close99.220Apr 3, 2026Close99.266Apr 8, 2026Close99.298Apr 13, 2026Close99.352Apr 16, 2026Close99.378Apr 21, 2026Close99.432Apr 24, 2026Close99.480Apr 29, 2026Close99.511May 4, 2026Close99.559May 7, 2026Close99.591May 12, 2026Close99.639May 15, 2026Close99.691May 20, 2026Close99.723May 26, 2026Close99.780May 29, 2026Close99.829Jun 3, 2026Close99.859Jun 8, 2026Close99.910Jun 11, 2026Close99.940Jun 16, 2026Close99.990Jun 17, 2026Close100.000
The most recent 20 trading days of prices for 912797TD9.
DateBidOfferClose
Jun 17, 2026–99.990100.000
Jun 16, 2026–99.98099.990
Jun 15, 2026–99.97099.980
Jun 12, 2026–99.94099.970
Jun 11, 202699.93099.92999.940
Jun 10, 202699.92099.92099.929
Jun 9, 202699.91099.91099.920
Jun 8, 202699.90099.90099.910
Jun 5, 202699.87099.87099.901
Jun 4, 202699.86099.86099.870
Jun 3, 202699.84999.84999.859
Jun 2, 202699.84099.83999.849
Jun 1, 202699.82999.82999.839
May 29, 202699.79999.79899.829
May 28, 202699.78999.78999.798
May 27, 202699.78099.77999.789
May 26, 202699.77199.77099.780
May 22, 202699.73099.73099.769
May 21, 202699.72199.72099.730
May 20, 202699.71599.71499.723

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 912797TD9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 15, 2025Dec 18, 2025New issue$77.0bn$79.7bn2.84x–
Mar 16, 2026Mar 19, 2026Reopening$89.0bn$96.1bn2.94x–
May 5, 2026May 7, 2026Reopening$75.0bn$79.8bn3.07x–
May 21, 2026May 22, 2026Reopening$25.0bn$25.0bn4.60x–

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.