Treasury bill · Matured

912797TW7

Original term
26-Week
Maturity
Aug 13, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Aug 12, 2026
Analyzed through
Aug 11, 2026

Still priced, no longer analyzed. Risk numbers below are as of Aug 11, 2026, analytics stop about three months before maturity, because a security with one cashflow left does not have a meaningful yield curve exposure.

Risk, August 11, 2026

Yield to maturity
3.580%
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 0.03 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, 125 observations

3.58%3.60%3.63%3.65%3.67%3.70%3.73%Feb 12, 2026Aug 11, 2026Feb 12, 2026Yield to maturity3.612%Feb 18, 2026Yield to maturity3.621%Feb 23, 2026Yield to maturity3.640%Feb 26, 2026Yield to maturity3.639%Mar 3, 2026Yield to maturity3.647%Mar 6, 2026Yield to maturity3.635%Mar 11, 2026Yield to maturity3.655%Mar 16, 2026Yield to maturity3.674%Mar 19, 2026Yield to maturity3.704%Mar 24, 2026Yield to maturity3.723%Mar 27, 2026Yield to maturity3.721%Apr 1, 2026Yield to maturity3.689%Apr 6, 2026Yield to maturity3.697%Apr 9, 2026Yield to maturity3.675%Apr 14, 2026Yield to maturity3.705%Apr 17, 2026Yield to maturity3.672%Apr 22, 2026Yield to maturity3.681%Apr 27, 2026Yield to maturity3.679%Apr 30, 2026Yield to maturity3.678%May 5, 2026Yield to maturity3.676%May 8, 2026Yield to maturity3.685%May 13, 2026Yield to maturity3.694%May 18, 2026Yield to maturity3.661%May 21, 2026Yield to maturity3.650%May 27, 2026Yield to maturity3.658%Jun 1, 2026Yield to maturity3.697%Jun 4, 2026Yield to maturity3.696%Jun 9, 2026Yield to maturity3.684%Jun 12, 2026Yield to maturity3.682%Jun 17, 2026Yield to maturity3.691%Jun 23, 2026Yield to maturity3.699%Jun 26, 2026Yield to maturity3.707%Jul 1, 2026Yield to maturity3.686%Jul 7, 2026Yield to maturity3.663%Jul 10, 2026Yield to maturity3.651%Jul 15, 2026Yield to maturity3.681%Jul 20, 2026Yield to maturity3.679%Jul 23, 2026Yield to maturity3.688%Jul 28, 2026Yield to maturity3.676%Jul 31, 2026Yield to maturity3.664%Aug 5, 2026Yield to maturity3.612%Aug 10, 2026Yield to maturity3.590%Aug 11, 2026Yield to maturity3.580%

Price history

126 trading days to Aug 12, 2026

98.0098.5099.0099.50100.00Feb 12, 2026Aug 12, 2026Feb 12, 2026Close98.240Feb 18, 2026Close98.294Feb 23, 2026Close98.333Feb 26, 2026Close98.362Mar 3, 2026Close98.407Mar 6, 2026Close98.461Mar 11, 2026Close98.481Mar 16, 2026Close98.522Mar 19, 2026Close98.540Mar 24, 2026Close98.582Mar 27, 2026Close98.632Apr 1, 2026Close98.674Apr 6, 2026Close98.720Apr 9, 2026Close98.757Apr 14, 2026Close98.797Apr 17, 2026Close98.856Apr 22, 2026Close98.883Apr 27, 2026Close98.933Apr 30, 2026Close98.963May 5, 2026Close99.013May 8, 2026Close99.060May 13, 2026Close99.087May 18, 2026Close99.145May 21, 2026Close99.177May 27, 2026Close99.234Jun 1, 2026Close99.276Jun 4, 2026Close99.306Jun 9, 2026Close99.358Jun 12, 2026Close99.408Jun 17, 2026Close99.437Jun 23, 2026Close99.496Jun 26, 2026Close99.545Jul 1, 2026Close99.578Jul 7, 2026Close99.640Jul 10, 2026Close99.691Jul 15, 2026Close99.718Jul 20, 2026Close99.769Jul 23, 2026Close99.798Jul 28, 2026Close99.849Jul 31, 2026Close99.900Aug 5, 2026Close99.931Aug 10, 2026Close99.980Aug 12, 2026Close100.000
The most recent 20 trading days of prices for 912797TW7.
DateBidOfferClose
Aug 12, 2026–99.990100.000
Aug 11, 2026–99.98099.990
Aug 10, 2026–99.97099.980
Aug 7, 2026–99.94199.971
Aug 6, 202699.93199.93199.941
Aug 5, 202699.92199.92199.931
Aug 4, 202699.91199.91099.920
Aug 3, 202699.90099.90099.910
Jul 31, 202699.87099.87099.900
Jul 30, 202699.86099.86099.870
Jul 29, 202699.84999.84899.859
Jul 28, 202699.84099.84099.849
Jul 27, 202699.82999.82899.839
Jul 24, 202699.79999.79899.828
Jul 23, 202699.78899.78799.798
Jul 22, 202699.77999.77999.789
Jul 21, 202699.76999.76999.779
Jul 20, 202699.75999.75999.769
Jul 17, 202699.72999.72899.759
Jul 16, 202699.72099.71999.728

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 912797TW7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 9, 2026Feb 12, 2026New issue$77.0bn$81.5bn3.09x–
May 11, 2026May 14, 2026Reopening$89.0bn$94.6bn2.86x–
Jun 30, 2026Jul 2, 2026Reopening$80.0bn$85.2bn2.71x–

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.