Treasury bill

912797TV9

Original term
52-Week
Maturity
Feb 18, 2027
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$137.06bn
Held stripped
not strippable
Share stripped
–

This security cannot be stripped, so no stripped figure exists for it rather than one that is zero. Stripping separates a coupon security into its individual interest and principal payments, which needs more than one cashflow to separate. Market statistics.

Amount outstanding as reported by Treasury, in its Monthly Statement of the Public Debt. The Safe Rate indices weight on a different figure, float-adjusted original par, and the two are not comparable security by security. The index figures are published per holding.

Risk, September 30, 2026

Yield to maturity
4.224%
Modified duration
0.377 yr
DV01
0.0037
Convexity
0.00285
Dirty price
98.406

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 0.377 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 0.5 bp rich to the curve on that day, 0.18 cents per 100 of face.

That is 0.34 standard deviations from its own typical residual.

Yield to maturity, 156 observations

3.4%3.6%3.8%4.0%4.2%4.4%Feb 19, 2026Sep 30, 2026Feb 19, 2026Yield to maturity3.496%Feb 20, 2026Yield to maturity3.516%Feb 23, 2026Yield to maturity3.505%Feb 24, 2026Yield to maturity3.516%Feb 25, 2026Yield to maturity3.526%Feb 26, 2026Yield to maturity3.515%Feb 27, 2026Yield to maturity3.483%Mar 2, 2026Yield to maturity3.536%Mar 3, 2026Yield to maturity3.546%Mar 4, 2026Yield to maturity3.578%Mar 5, 2026Yield to maturity3.588%Mar 6, 2026Yield to maturity3.545%Mar 9, 2026Yield to maturity3.555%Mar 10, 2026Yield to maturity3.555%Mar 11, 2026Yield to maturity3.597%Mar 12, 2026Yield to maturity3.650%Mar 13, 2026Yield to maturity3.639%Mar 16, 2026Yield to maturity3.628%Mar 17, 2026Yield to maturity3.628%Mar 18, 2026Yield to maturity3.670%Mar 19, 2026Yield to maturity3.734%Mar 20, 2026Yield to maturity3.797%Mar 23, 2026Yield to maturity3.744%Mar 24, 2026Yield to maturity3.807%Mar 25, 2026Yield to maturity3.775%Mar 26, 2026Yield to maturity3.817%Mar 27, 2026Yield to maturity3.753%Mar 30, 2026Yield to maturity3.699%Mar 31, 2026Yield to maturity3.667%Apr 1, 2026Yield to maturity3.656%Apr 2, 2026Yield to maturity3.666%Apr 3, 2026Yield to maturity3.708%Apr 6, 2026Yield to maturity3.697%Apr 7, 2026Yield to maturity3.676%Apr 8, 2026Yield to maturity3.675%Apr 9, 2026Yield to maturity3.665%Apr 10, 2026Yield to maturity3.674%Apr 13, 2026Yield to maturity3.664%Apr 14, 2026Yield to maturity3.674%Apr 15, 2026Yield to maturity3.674%Apr 16, 2026Yield to maturity3.652%Apr 17, 2026Yield to maturity3.620%Apr 20, 2026Yield to maturity3.630%Apr 21, 2026Yield to maturity3.672%Apr 22, 2026Yield to maturity3.661%Apr 23, 2026Yield to maturity3.682%Apr 24, 2026Yield to maturity3.639%Apr 27, 2026Yield to maturity3.650%Apr 28, 2026Yield to maturity3.681%Apr 29, 2026Yield to maturity3.724%Apr 30, 2026Yield to maturity3.691%May 1, 2026Yield to maturity3.680%May 4, 2026Yield to maturity3.722%May 5, 2026Yield to maturity3.712%May 6, 2026Yield to maturity3.690%May 7, 2026Yield to maturity3.711%May 8, 2026Yield to maturity3.700%May 11, 2026Yield to maturity3.721%May 12, 2026Yield to maturity3.752%May 13, 2026Yield to maturity3.731%May 14, 2026Yield to maturity3.710%May 15, 2026Yield to maturity3.719%May 18, 2026Yield to maturity3.719%May 19, 2026Yield to maturity3.719%May 20, 2026Yield to maturity3.698%May 21, 2026Yield to maturity3.729%May 22, 2026Yield to maturity3.750%May 26, 2026Yield to maturity3.728%May 27, 2026Yield to maturity3.717%May 28, 2026Yield to maturity3.707%May 29, 2026Yield to maturity3.717%Jun 1, 2026Yield to maturity3.738%Jun 2, 2026Yield to maturity3.727%Jun 3, 2026Yield to maturity3.737%Jun 4, 2026Yield to maturity3.747%Jun 5, 2026Yield to maturity3.789%Jun 8, 2026Yield to maturity3.789%Jun 9, 2026Yield to maturity3.789%Jun 10, 2026Yield to maturity3.789%Jun 11, 2026Yield to maturity3.757%Jun 12, 2026Yield to maturity3.746%Jun 15, 2026Yield to maturity3.756%Jun 16, 2026Yield to maturity3.756%Jun 17, 2026Yield to maturity3.882%Jun 18, 2026Yield to maturity3.871%Jun 22, 2026Yield to maturity3.913%Jun 23, 2026Yield to maturity3.892%Jun 24, 2026Yield to maturity3.892%Jun 25, 2026Yield to maturity3.870%Jun 26, 2026Yield to maturity3.870%Jun 29, 2026Yield to maturity3.891%Jun 30, 2026Yield to maturity3.880%Jul 1, 2026Yield to maturity3.869%Jul 2, 2026Yield to maturity3.869%Jul 6, 2026Yield to maturity3.858%Jul 7, 2026Yield to maturity3.879%Jul 8, 2026Yield to maturity3.900%Jul 9, 2026Yield to maturity3.858%Jul 10, 2026Yield to maturity3.889%Jul 13, 2026Yield to maturity3.931%Jul 14, 2026Yield to maturity3.857%Jul 15, 2026Yield to maturity3.825%Jul 16, 2026Yield to maturity3.825%Jul 17, 2026Yield to maturity3.857%Jul 20, 2026Yield to maturity3.856%Jul 21, 2026Yield to maturity3.909%Jul 22, 2026Yield to maturity3.909%Jul 23, 2026Yield to maturity4.004%Jul 24, 2026Yield to maturity3.972%Jul 27, 2026Yield to maturity3.972%Jul 28, 2026Yield to maturity3.961%Jul 29, 2026Yield to maturity3.908%Jul 30, 2026Yield to maturity3.898%Jul 31, 2026Yield to maturity3.897%Aug 3, 2026Yield to maturity3.887%Aug 4, 2026Yield to maturity3.866%Aug 5, 2026Yield to maturity3.855%Aug 6, 2026Yield to maturity3.855%Aug 7, 2026Yield to maturity3.802%Aug 10, 2026Yield to maturity3.855%Aug 11, 2026Yield to maturity3.865%Aug 12, 2026Yield to maturity3.844%Aug 13, 2026Yield to maturity3.855%Aug 14, 2026Yield to maturity3.865%Aug 17, 2026Yield to maturity3.876%Aug 18, 2026Yield to maturity3.886%Aug 19, 2026Yield to maturity3.907%Aug 20, 2026Yield to maturity3.907%Aug 21, 2026Yield to maturity3.916%Aug 24, 2026Yield to maturity3.916%Aug 25, 2026Yield to maturity3.905%Aug 26, 2026Yield to maturity3.904%Aug 27, 2026Yield to maturity3.904%Aug 28, 2026Yield to maturity3.966%Aug 31, 2026Yield to maturity3.976%Sep 1, 2026Yield to maturity3.986%Sep 2, 2026Yield to maturity3.985%Sep 3, 2026Yield to maturity3.943%Sep 4, 2026Yield to maturity3.962%Sep 8, 2026Yield to maturity3.972%Sep 9, 2026Yield to maturity3.982%Sep 10, 2026Yield to maturity4.034%Sep 11, 2026Yield to maturity4.096%Sep 14, 2026Yield to maturity4.127%Sep 15, 2026Yield to maturity4.127%Sep 16, 2026Yield to maturity4.189%Sep 17, 2026Yield to maturity4.157%Sep 18, 2026Yield to maturity4.187%Sep 21, 2026Yield to maturity4.187%Sep 22, 2026Yield to maturity4.186%Sep 23, 2026Yield to maturity4.249%Sep 24, 2026Yield to maturity4.269%Sep 25, 2026Yield to maturity4.278%Sep 28, 2026Yield to maturity4.278%Sep 29, 2026Yield to maturity4.267%Sep 30, 2026Yield to maturity4.224%

Price history

156 trading days to Sep 30, 2026

96.5097.0097.5098.0098.50Feb 19, 2026Sep 30, 2026Feb 19, 2026Close96.612Feb 20, 2026Close96.620Feb 23, 2026Close96.639Feb 24, 2026Close96.639Feb 25, 2026Close96.638Feb 26, 2026Close96.658Feb 27, 2026Close96.715Mar 2, 2026Close96.676Mar 3, 2026Close96.675Mar 4, 2026Close96.656Mar 5, 2026Close96.655Mar 6, 2026Close96.723Mar 9, 2026Close96.722Mar 10, 2026Close96.732Mar 11, 2026Close96.703Mar 12, 2026Close96.665Mar 13, 2026Close96.704Mar 16, 2026Close96.723Mar 17, 2026Close96.733Mar 18, 2026Close96.705Mar 19, 2026Close96.659Mar 20, 2026Close96.634Mar 23, 2026Close96.690Mar 24, 2026Close96.645Mar 25, 2026Close96.683Mar 26, 2026Close96.656Mar 27, 2026Close96.741Mar 30, 2026Close96.796Mar 31, 2026Close96.833Apr 1, 2026Close96.852Apr 2, 2026Close96.852Apr 3, 2026Close96.847Apr 6, 2026Close96.865Apr 7, 2026Close96.893Apr 8, 2026Close96.903Apr 9, 2026Close96.921Apr 10, 2026Close96.942Apr 13, 2026Close96.960Apr 14, 2026Close96.962Apr 15, 2026Close96.971Apr 16, 2026Close96.998Apr 17, 2026Close97.053Apr 20, 2026Close97.054Apr 21, 2026Close97.030Apr 22, 2026Close97.049Apr 23, 2026Close97.042Apr 24, 2026Close97.104Apr 27, 2026Close97.106Apr 28, 2026Close97.091Apr 29, 2026Close97.068Apr 30, 2026Close97.103May 1, 2026Close97.140May 4, 2026Close97.118May 5, 2026Close97.136May 6, 2026Close97.162May 7, 2026Close97.156May 8, 2026Close97.194May 11, 2026Close97.188May 12, 2026Close97.174May 13, 2026Close97.200May 14, 2026Close97.225May 15, 2026Close97.248May 18, 2026Close97.258May 19, 2026Close97.268May 20, 2026Close97.293May 21, 2026Close97.280May 22, 2026Close97.305May 26, 2026Close97.330May 27, 2026Close97.347May 28, 2026Close97.365May 29, 2026Close97.387Jun 1, 2026Close97.383Jun 2, 2026Close97.400Jun 3, 2026Close97.403Jun 4, 2026Close97.406Jun 5, 2026Close97.407Jun 8, 2026Close97.418Jun 9, 2026Close97.428Jun 10, 2026Close97.438Jun 11, 2026Close97.469Jun 12, 2026Close97.506Jun 15, 2026Close97.509Jun 16, 2026Close97.519Jun 17, 2026Close97.448Jun 18, 2026Close97.496Jun 22, 2026Close97.480Jun 23, 2026Close97.504Jun 24, 2026Close97.514Jun 25, 2026Close97.538Jun 26, 2026Close97.569Jun 29, 2026Close97.566Jun 30, 2026Close97.583Jul 1, 2026Close97.600Jul 2, 2026Close97.642Jul 6, 2026Close97.658Jul 7, 2026Close97.656Jul 8, 2026Close97.654Jul 9, 2026Close97.689Jul 10, 2026Close97.702Jul 13, 2026Close97.688Jul 14, 2026Close97.741Jul 15, 2026Close97.770Jul 16, 2026Close97.780Jul 17, 2026Close97.793Jul 20, 2026Close97.803Jul 21, 2026Close97.784Jul 22, 2026Close97.795Jul 23, 2026Close97.753Jul 24, 2026Close97.803Jul 27, 2026Close97.813Jul 28, 2026Close97.830Jul 29, 2026Close97.868Jul 30, 2026Close97.885Jul 31, 2026Close97.916Aug 3, 2026Close97.932Aug 4, 2026Close97.953Aug 5, 2026Close97.969Aug 6, 2026Close97.980Aug 7, 2026Close98.037Aug 10, 2026Close98.021Aug 11, 2026Close98.026Aug 12, 2026Close98.047Aug 13, 2026Close98.052Aug 14, 2026Close98.078Aug 17, 2026Close98.083Aug 18, 2026Close98.089Aug 19, 2026Close98.089Aug 20, 2026Close98.100Aug 21, 2026Close98.126Aug 24, 2026Close98.137Aug 25, 2026Close98.152Aug 26, 2026Close98.162Aug 27, 2026Close98.173Aug 28, 2026Close98.176Aug 31, 2026Close98.182Sep 1, 2026Close98.188Sep 2, 2026Close98.199Sep 3, 2026Close98.228Sep 4, 2026Close98.261Sep 8, 2026Close98.267Sep 9, 2026Close98.274Sep 10, 2026Close98.262Sep 11, 2026Close98.269Sep 14, 2026Close98.267Sep 15, 2026Close98.278Sep 16, 2026Close98.263Sep 17, 2026Close98.287Sep 18, 2026Close98.308Sep 21, 2026Close98.320Sep 22, 2026Close98.331Sep 23, 2026Close98.318Sep 24, 2026Close98.321Sep 25, 2026Close98.352Sep 28, 2026Close98.363Sep 29, 2026Close98.379Sep 30, 2026Close98.406
The most recent 20 trading days of prices for 912797TV9.
DateBidOfferClose
Sep 30, 202698.39698.39498.406
Sep 29, 202698.35998.35598.379
Sep 28, 202698.35498.35298.363
Sep 25, 202698.31798.31398.352
Sep 24, 202698.32698.32298.321
Sep 23, 202698.31798.31098.318
Sep 22, 202698.32098.31598.331
Sep 21, 202698.30898.30498.320
Sep 18, 202698.28598.27998.308
Sep 17, 202698.27898.27298.287
Sep 16, 202698.28298.27898.263
Sep 15, 202698.27198.26798.278
Sep 14, 202698.26098.25698.267
Sep 11, 202698.24798.24098.269
Sep 10, 202698.26098.25198.262
Sep 9, 202698.26798.26398.274
Sep 8, 202698.26498.26198.267
Sep 4, 202698.22198.21998.261
Sep 3, 202698.21798.21398.228
Sep 2, 202698.19098.18898.199

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.

2 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 912797TV9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 17, 2026Feb 19, 2026New issue$50.0bn$52.3bn2.96x–
Aug 17, 2026Aug 20, 2026Reopening$79.0bn$84.8bn2.97x–

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.