Treasury bill · Matured

912797TN7

Original term
26-Week
Maturity
Jul 16, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Jul 15, 2026
Analyzed through
Jul 14, 2026

Still priced, no longer analyzed. Risk numbers below are as of Jul 14, 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 14, 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 0.02 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

3.58%3.60%3.63%3.65%3.67%3.70%3.73%Jan 15, 2026Jul 14, 2026Jan 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 maturity3.647%Feb 6, 2026Yield to maturity3.635%Feb 11, 2026Yield to maturity3.634%Feb 17, 2026Yield to maturity3.642%Feb 20, 2026Yield to maturity3.651%Feb 25, 2026Yield to maturity3.650%Mar 2, 2026Yield to maturity3.658%Mar 5, 2026Yield to maturity3.668%Mar 10, 2026Yield to maturity3.676%Mar 13, 2026Yield to maturity3.674%Mar 18, 2026Yield to maturity3.684%Mar 23, 2026Yield to maturity3.723%Mar 26, 2026Yield to maturity3.712%Mar 31, 2026Yield to maturity3.679%Apr 3, 2026Yield to maturity3.687%Apr 8, 2026Yield to maturity3.655%Apr 13, 2026Yield to maturity3.684%Apr 16, 2026Yield to maturity3.704%Apr 21, 2026Yield to maturity3.681%Apr 24, 2026Yield to maturity3.679%Apr 29, 2026Yield to maturity3.678%May 4, 2026Yield to maturity3.676%May 7, 2026Yield to maturity3.665%May 12, 2026Yield to maturity3.674%May 15, 2026Yield to maturity3.661%May 20, 2026Yield to maturity3.609%May 26, 2026Yield to maturity3.668%May 29, 2026Yield to maturity3.687%Jun 3, 2026Yield to maturity3.686%Jun 8, 2026Yield to maturity3.674%Jun 11, 2026Yield to maturity3.662%Jun 16, 2026Yield to maturity3.630%Jun 22, 2026Yield to maturity3.618%Jun 25, 2026Yield to maturity3.627%Jun 30, 2026Yield to maturity3.666%Jul 6, 2026Yield to maturity3.592%Jul 9, 2026Yield to maturity3.612%Jul 14, 2026Yield to maturity3.630%

Price history

125 trading days to Jul 15, 2026

98.0098.5099.0099.50100.00Jan 15, 2026Jul 15, 2026Jan 15, 2026Close98.235Jan 21, 2026Close98.289Jan 26, 2026Close98.333Jan 29, 2026Close98.358Feb 3, 2026Close98.407Feb 6, 2026Close98.461Feb 11, 2026Close98.490Feb 17, 2026Close98.545Feb 20, 2026Close98.590Feb 25, 2026Close98.619Mar 2, 2026Close98.665Mar 5, 2026Close98.691Mar 10, 2026Close98.737Mar 13, 2026Close98.787Mar 18, 2026Close98.813Mar 23, 2026Close98.850Mar 26, 2026Close98.884Mar 31, 2026Close98.943Apr 3, 2026Close98.990Apr 8, 2026Close99.028Apr 13, 2026Close99.070Apr 16, 2026Close99.095Apr 21, 2026Close99.150Apr 24, 2026Close99.200Apr 29, 2026Close99.230May 4, 2026Close99.280May 7, 2026Close99.312May 12, 2026Close99.360May 15, 2026Close99.412May 20, 2026Close99.449May 26, 2026Close99.500May 29, 2026Close99.547Jun 3, 2026Close99.578Jun 8, 2026Close99.629Jun 11, 2026Close99.660Jun 16, 2026Close99.712Jun 22, 2026Close99.773Jun 25, 2026Close99.802Jun 30, 2026Close99.850Jul 6, 2026Close99.912Jul 9, 2026Close99.941Jul 14, 2026Close99.990Jul 15, 2026Close100.000
The most recent 20 trading days of prices for 912797TN7.
DateBidOfferClose
Jul 15, 2026–99.990100.000
Jul 14, 2026–99.98099.990
Jul 13, 2026–99.97099.980
Jul 10, 2026–99.94199.970
Jul 9, 202699.93199.93199.941
Jul 8, 202699.92199.92199.931
Jul 7, 202699.91199.91199.921
Jul 6, 202699.90299.90299.912
Jul 2, 202699.86399.86299.901
Jul 1, 202699.85199.85199.862
Jun 30, 202699.84099.83999.850
Jun 29, 202699.82999.82999.838
Jun 26, 202699.80299.80299.830
Jun 25, 202699.79399.79299.802
Jun 24, 202699.78399.78299.793
Jun 23, 202699.77499.77399.782
Jun 22, 202699.76399.76399.773
Jun 18, 202699.72399.72299.763
Jun 17, 202699.71299.71299.721
Jun 16, 202699.70199.70099.712

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 912797TN7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 12, 2026Jan 15, 2026New issue$77.0bn$79.5bn3.17x–
Apr 13, 2026Apr 16, 2026Reopening$89.0bn$92.5bn2.77x–
Jun 2, 2026Jun 4, 2026Reopening$75.0bn$79.7bn3.28x–

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.