Treasury bill

912797VJ3

Original term
26-Week
Maturity
Dec 31, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$84.12bn
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, October 20, 2026

Yield to maturity
4.119%
Modified duration
0.193 yr
DV01
0.0019
Convexity
0.000745
Dirty price
99.205

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 0.193 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, 0.09 cents per 100 of face.

That is -2.25 standard deviations from its own typical residual.

Yield to maturity, 76 observations

3.8%3.9%4.0%4.1%4.2%4.3%Jul 2, 2026Oct 20, 2026Jul 2, 2026Yield to maturity3.937%Jul 6, 2026Yield to maturity3.947%Jul 7, 2026Yield to maturity3.957%Jul 8, 2026Yield to maturity3.957%Jul 9, 2026Yield to maturity3.925%Jul 10, 2026Yield to maturity3.966%Jul 13, 2026Yield to maturity3.986%Jul 14, 2026Yield to maturity3.923%Jul 15, 2026Yield to maturity3.891%Jul 16, 2026Yield to maturity3.911%Jul 17, 2026Yield to maturity3.921%Jul 20, 2026Yield to maturity3.941%Jul 21, 2026Yield to maturity3.972%Jul 22, 2026Yield to maturity3.993%Jul 23, 2026Yield to maturity4.024%Jul 24, 2026Yield to maturity4.033%Jul 27, 2026Yield to maturity4.033%Jul 28, 2026Yield to maturity4.011%Jul 29, 2026Yield to maturity3.937%Jul 30, 2026Yield to maturity3.926%Jul 31, 2026Yield to maturity3.946%Aug 3, 2026Yield to maturity3.946%Aug 4, 2026Yield to maturity3.914%Aug 5, 2026Yield to maturity3.914%Aug 6, 2026Yield to maturity3.924%Aug 7, 2026Yield to maturity3.891%Aug 10, 2026Yield to maturity3.911%Aug 11, 2026Yield to maturity3.911%Aug 12, 2026Yield to maturity3.879%Aug 13, 2026Yield to maturity3.868%Aug 14, 2026Yield to maturity3.867%Aug 17, 2026Yield to maturity3.877%Aug 18, 2026Yield to maturity3.877%Aug 19, 2026Yield to maturity3.866%Aug 20, 2026Yield to maturity3.855%Aug 21, 2026Yield to maturity3.875%Aug 24, 2026Yield to maturity3.864%Aug 25, 2026Yield to maturity3.863%Aug 26, 2026Yield to maturity3.853%Aug 27, 2026Yield to maturity3.852%Aug 28, 2026Yield to maturity3.903%Aug 31, 2026Yield to maturity3.913%Sep 1, 2026Yield to maturity3.933%Sep 2, 2026Yield to maturity3.943%Sep 3, 2026Yield to maturity3.912%Sep 4, 2026Yield to maturity3.931%Sep 8, 2026Yield to maturity3.941%Sep 9, 2026Yield to maturity3.951%Sep 10, 2026Yield to maturity4.013%Sep 11, 2026Yield to maturity4.063%Sep 14, 2026Yield to maturity4.084%Sep 15, 2026Yield to maturity4.083%Sep 16, 2026Yield to maturity4.124%Sep 17, 2026Yield to maturity4.093%Sep 18, 2026Yield to maturity4.112%Sep 21, 2026Yield to maturity4.132%Sep 22, 2026Yield to maturity4.121%Sep 23, 2026Yield to maturity4.152%Sep 24, 2026Yield to maturity4.193%Sep 25, 2026Yield to maturity4.212%Sep 28, 2026Yield to maturity4.201%Sep 29, 2026Yield to maturity4.180%Sep 30, 2026Yield to maturity4.128%Oct 1, 2026Yield to maturity4.097%Oct 2, 2026Yield to maturity4.105%Oct 5, 2026Yield to maturity4.126%Oct 6, 2026Yield to maturity4.115%Oct 7, 2026Yield to maturity4.125%Oct 8, 2026Yield to maturity4.135%Oct 9, 2026Yield to maturity4.143%Oct 13, 2026Yield to maturity4.143%Oct 14, 2026Yield to maturity4.173%Oct 15, 2026Yield to maturity4.162%Oct 16, 2026Yield to maturity4.151%Oct 19, 2026Yield to maturity4.150%Oct 20, 2026Yield to maturity4.119%

Price history

76 trading days to Oct 20, 2026

98.098.298.498.698.899.099.299.4Jul 2, 2026Oct 20, 2026Jul 2, 2026Close98.116Jul 6, 2026Close98.122Jul 7, 2026Close98.128Jul 8, 2026Close98.138Jul 9, 2026Close98.163Jul 10, 2026Close98.176Jul 13, 2026Close98.177Jul 14, 2026Close98.216Jul 15, 2026Close98.241Jul 16, 2026Close98.242Jul 17, 2026Close98.269Jul 20, 2026Close98.270Jul 21, 2026Close98.267Jul 22, 2026Close98.269Jul 23, 2026Close98.267Jul 24, 2026Close98.295Jul 27, 2026Close98.306Jul 28, 2026Close98.325Jul 29, 2026Close98.366Jul 30, 2026Close98.381Jul 31, 2026Close98.404Aug 3, 2026Close98.415Aug 4, 2026Close98.438Aug 5, 2026Close98.448Aug 6, 2026Close98.455Aug 7, 2026Close98.499Aug 10, 2026Close98.501Aug 11, 2026Close98.512Aug 12, 2026Close98.534Aug 13, 2026Close98.548Aug 14, 2026Close98.580Aug 17, 2026Close98.586Aug 18, 2026Close98.597Aug 19, 2026Close98.611Aug 20, 2026Close98.625Aug 21, 2026Close98.649Aug 24, 2026Close98.663Aug 25, 2026Close98.674Aug 26, 2026Close98.688Aug 27, 2026Close98.698Aug 28, 2026Close98.712Aug 31, 2026Close98.719Sep 1, 2026Close98.723Sep 2, 2026Close98.731Sep 3, 2026Close98.751Sep 4, 2026Close98.787Sep 8, 2026Close98.795Sep 9, 2026Close98.802Sep 10, 2026Close98.794Sep 11, 2026Close98.812Sep 14, 2026Close98.817Sep 15, 2026Close98.828Sep 16, 2026Close98.828Sep 17, 2026Close98.847Sep 18, 2026Close98.875Sep 21, 2026Close98.881Sep 22, 2026Close98.894Sep 23, 2026Close98.897Sep 24, 2026Close98.898Sep 25, 2026Close98.927Sep 28, 2026Close98.941Sep 29, 2026Close98.957Sep 30, 2026Close98.981Oct 1, 2026Close99.000Oct 2, 2026Close99.031Oct 5, 2026Close99.037Oct 6, 2026Close99.051Oct 7, 2026Close99.060Oct 8, 2026Close99.069Oct 9, 2026Close99.111Oct 13, 2026Close99.123Oct 14, 2026Close99.127Oct 15, 2026Close99.141Oct 16, 2026Close99.177Oct 19, 2026Close99.188Oct 20, 2026Close99.205
The most recent 20 trading days of prices for 912797VJ3.
DateBidOfferClose
Oct 20, 202699.19399.19299.205
Oct 19, 202699.17799.17599.188
Oct 16, 202699.14799.14599.177
Oct 15, 202699.13399.13299.141
Oct 14, 202699.11699.11499.127
Oct 13, 202699.11399.11199.123
Oct 9, 202699.07099.06999.111
Oct 8, 202699.05899.05799.069
Oct 7, 202699.05099.04899.060
Oct 6, 202699.04199.04099.051
Oct 5, 202699.03099.02899.037
Oct 2, 202699.00199.00099.031
Oct 1, 202698.98898.98699.000
Sep 30, 202698.96998.96898.981
Sep 29, 202698.94598.94198.957
Sep 28, 202698.92698.92498.941
Sep 25, 202698.89198.89098.927
Sep 24, 202698.89598.89298.898
Sep 23, 202698.88998.88698.897
Sep 22, 202698.88898.88698.894

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 912797VJ3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 29, 2026Jul 2, 2026New issue$79.0bn$84.1bn2.58x–
Sep 28, 2026Oct 1, 2026Reopening$95.0bn$104.1bn2.99x–

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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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.