Treasury bill · Matured

912797TG2

Original term
17-Week
Maturity
Apr 7, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Apr 6, 2026
Analyzed through
Apr 3, 2026

Still priced, no longer analyzed. Risk numbers below are as of Apr 3, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, April 3, 2026

Yield to maturity
3.691%
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 4 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, 80 observations

3.58%3.60%3.63%3.65%3.67%3.70%3.73%Dec 9, 2025Apr 3, 2026Dec 9, 2025Yield to maturity3.714%Dec 11, 2025Yield to maturity3.651%Dec 15, 2025Yield to maturity3.629%Dec 17, 2025Yield to maturity3.618%Dec 19, 2025Yield to maturity3.617%Dec 23, 2025Yield to maturity3.616%Dec 26, 2025Yield to maturity3.624%Dec 30, 2025Yield to maturity3.593%Jan 2, 2026Yield to maturity3.591%Jan 6, 2026Yield to maturity3.590%Jan 8, 2026Yield to maturity3.590%Jan 12, 2026Yield to maturity3.619%Jan 14, 2026Yield to maturity3.618%Jan 16, 2026Yield to maturity3.627%Jan 21, 2026Yield to maturity3.657%Jan 23, 2026Yield to maturity3.656%Jan 27, 2026Yield to maturity3.655%Jan 29, 2026Yield to maturity3.664%Feb 2, 2026Yield to maturity3.673%Feb 4, 2026Yield to maturity3.662%Feb 6, 2026Yield to maturity3.691%Feb 10, 2026Yield to maturity3.701%Feb 12, 2026Yield to maturity3.690%Feb 17, 2026Yield to maturity3.698%Feb 19, 2026Yield to maturity3.687%Feb 23, 2026Yield to maturity3.686%Feb 25, 2026Yield to maturity3.695%Feb 27, 2026Yield to maturity3.694%Mar 3, 2026Yield to maturity3.683%Mar 5, 2026Yield to maturity3.703%Mar 9, 2026Yield to maturity3.701%Mar 11, 2026Yield to maturity3.700%Mar 13, 2026Yield to maturity3.709%Mar 17, 2026Yield to maturity3.688%Mar 19, 2026Yield to maturity3.677%Mar 23, 2026Yield to maturity3.655%Mar 25, 2026Yield to maturity3.675%Mar 27, 2026Yield to maturity3.704%Mar 31, 2026Yield to maturity3.662%Apr 2, 2026Yield to maturity3.662%Apr 3, 2026Yield to maturity3.691%

Price history

81 trading days to Apr 6, 2026

98.7599.0099.2599.5099.75100.00Dec 9, 2025Apr 6, 2026Dec 9, 2025Close98.813Dec 11, 2025Close98.853Dec 15, 2025Close98.899Dec 17, 2025Close98.921Dec 19, 2025Close98.961Dec 23, 2025Close98.980Dec 26, 2025Close99.026Dec 30, 2025Close99.054Jan 2, 2026Close99.103Jan 6, 2026Close99.123Jan 8, 2026Close99.142Jan 12, 2026Close99.174Jan 14, 2026Close99.194Jan 16, 2026Close99.241Jan 21, 2026Close99.254Jan 23, 2026Close99.294Jan 27, 2026Close99.314Jan 29, 2026Close99.332Feb 2, 2026Close99.370Feb 4, 2026Close99.392Feb 6, 2026Close99.427Feb 10, 2026Close99.445Feb 12, 2026Close99.467Feb 17, 2026Close99.516Feb 19, 2026Close99.537Feb 23, 2026Close99.578Feb 25, 2026Close99.597Feb 27, 2026Close99.637Mar 3, 2026Close99.658Mar 5, 2026Close99.676Mar 9, 2026Close99.717Mar 11, 2026Close99.737Mar 13, 2026Close99.777Mar 17, 2026Close99.798Mar 19, 2026Close99.819Mar 23, 2026Close99.860Mar 25, 2026Close99.879Mar 27, 2026Close99.919Mar 31, 2026Close99.940Apr 2, 2026Close99.960Apr 6, 2026Close100.000
The most recent 20 trading days of prices for 912797TG2.
DateBidOfferClose
Apr 6, 2026–99.990100.000
Apr 3, 2026–99.96099.990
Apr 2, 2026–99.95099.960
Apr 1, 2026–99.94099.950
Mar 31, 202699.93099.93099.940
Mar 30, 202699.91999.91999.929
Mar 27, 202699.89099.88999.919
Mar 26, 202699.87999.87999.889
Mar 25, 202699.87099.87099.879
Mar 24, 202699.86099.86099.870
Mar 23, 202699.85199.85099.860
Mar 20, 202699.82099.82099.850
Mar 19, 202699.80999.80999.819
Mar 18, 202699.79999.79899.809
Mar 17, 202699.78999.78899.798
Mar 16, 202699.77899.77899.788
Mar 13, 202699.74799.74799.777
Mar 12, 202699.73799.73799.747
Mar 11, 202699.72799.72799.737
Mar 10, 202699.71799.71799.727

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 912797TG2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 3, 2025Dec 9, 2025New issue$69.0bn$69.2bn3.17x–
Feb 5, 2026Feb 10, 2026Reopening$95.0bn$95.3bn2.64x–
Mar 5, 2026Mar 10, 2026Reopening$105.0bn$105.3bn2.89x–

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.