Treasury bill · Matured

912797UQ8

Original term
17-Week
Maturity
Jul 21, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Jul 20, 2026
Analyzed through
Jul 17, 2026

Still priced, no longer analyzed. Risk numbers below are as of Jul 17, 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 17, 2026

Yield to maturity
3.589%
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 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, 81 observations

3.58%3.60%3.63%3.65%3.67%3.70%3.73%3.75%Mar 24, 2026Jul 17, 2026Mar 24, 2026Yield to maturity3.735%Mar 26, 2026Yield to maturity3.724%Mar 30, 2026Yield to maturity3.712%Apr 1, 2026Yield to maturity3.691%Apr 3, 2026Yield to maturity3.699%Apr 7, 2026Yield to maturity3.699%Apr 9, 2026Yield to maturity3.688%Apr 13, 2026Yield to maturity3.696%Apr 15, 2026Yield to maturity3.706%Apr 17, 2026Yield to maturity3.684%Apr 21, 2026Yield to maturity3.683%Apr 23, 2026Yield to maturity3.682%Apr 27, 2026Yield to maturity3.671%Apr 29, 2026Yield to maturity3.680%May 1, 2026Yield to maturity3.668%May 5, 2026Yield to maturity3.678%May 7, 2026Yield to maturity3.667%May 11, 2026Yield to maturity3.665%May 13, 2026Yield to maturity3.665%May 15, 2026Yield to maturity3.663%May 19, 2026Yield to maturity3.632%May 21, 2026Yield to maturity3.641%May 26, 2026Yield to maturity3.670%May 28, 2026Yield to maturity3.680%Jun 1, 2026Yield to maturity3.699%Jun 3, 2026Yield to maturity3.688%Jun 5, 2026Yield to maturity3.686%Jun 9, 2026Yield to maturity3.685%Jun 11, 2026Yield to maturity3.664%Jun 15, 2026Yield to maturity3.673%Jun 17, 2026Yield to maturity3.652%Jun 22, 2026Yield to maturity3.630%Jun 24, 2026Yield to maturity3.619%Jun 26, 2026Yield to maturity3.648%Jun 30, 2026Yield to maturity3.668%Jul 2, 2026Yield to maturity3.635%Jul 7, 2026Yield to maturity3.604%Jul 9, 2026Yield to maturity3.593%Jul 13, 2026Yield to maturity3.632%Jul 15, 2026Yield to maturity3.632%Jul 17, 2026Yield to maturity3.589%

Price history

82 trading days to Jul 20, 2026

98.7599.0099.2599.5099.75100.00Mar 24, 2026Jul 20, 2026Mar 24, 2026Close98.807Mar 26, 2026Close98.830Mar 30, 2026Close98.874Apr 1, 2026Close98.900Apr 3, 2026Close98.937Apr 7, 2026Close98.957Apr 9, 2026Close98.980Apr 13, 2026Close99.017Apr 15, 2026Close99.035Apr 17, 2026Close99.080Apr 21, 2026Close99.100Apr 23, 2026Close99.120Apr 27, 2026Close99.162Apr 29, 2026Close99.180May 1, 2026Close99.222May 5, 2026Close99.240May 7, 2026Close99.262May 11, 2026Close99.302May 13, 2026Close99.322May 15, 2026Close99.362May 19, 2026Close99.387May 21, 2026Close99.405May 26, 2026Close99.450May 28, 2026Close99.469Jun 1, 2026Close99.506Jun 3, 2026Close99.527Jun 5, 2026Close99.568Jun 9, 2026Close99.588Jun 11, 2026Close99.610Jun 15, 2026Close99.649Jun 17, 2026Close99.671Jun 22, 2026Close99.722Jun 24, 2026Close99.743Jun 26, 2026Close99.781Jun 30, 2026Close99.799Jul 2, 2026Close99.851Jul 7, 2026Close99.872Jul 9, 2026Close99.892Jul 13, 2026Close99.930Jul 15, 2026Close99.950Jul 17, 2026Close99.990Jul 20, 2026Close100.000
The most recent 20 trading days of prices for 912797UQ8.
DateBidOfferClose
Jul 20, 2026–99.990100.000
Jul 17, 2026–99.96199.990
Jul 16, 2026–99.95099.960
Jul 15, 2026–99.94099.950
Jul 14, 202699.93199.93099.940
Jul 13, 202699.92199.92099.930
Jul 10, 202699.89299.89299.921
Jul 9, 202699.88299.88299.892
Jul 8, 202699.87299.87299.881
Jul 7, 202699.86399.86299.872
Jul 6, 202699.85299.85299.862
Jul 2, 202699.81199.81199.851
Jul 1, 202699.80199.80199.811
Jun 30, 202699.79099.78999.799
Jun 29, 202699.77999.77899.788
Jun 26, 202699.75199.75199.781
Jun 25, 202699.74399.74299.751
Jun 24, 202699.73399.73399.743
Jun 23, 202699.72499.72399.733
Jun 22, 202699.71199.71199.722

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 912797UQ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 18, 2026Mar 24, 2026New issue$69.0bn$69.5bn3.05x–
May 21, 2026May 26, 2026Reopening$95.0bn$98.7bn2.77x–
Jun 18, 2026Jun 23, 2026Reopening$70.0bn$74.3bn2.99x–

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.