Treasury bill

912797VV6

Original term
26-Week
Maturity
Feb 4, 2027
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$85.26bn
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
4.229%
Modified duration
0.287 yr
DV01
0.0028
Convexity
0.00165
Dirty price
98.787

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 0.287 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 1.4 bp cheap to the curve on that day, 0.39 cents per 100 of face.

That is 0.20 standard deviations from its own typical residual.

Yield to maturity, 52 observations

3.8%3.9%4.0%4.1%4.2%4.3%Aug 6, 2026Oct 20, 2026Aug 6, 2026Yield to maturity3.959%Aug 7, 2026Yield to maturity3.927%Aug 10, 2026Yield to maturity3.947%Aug 11, 2026Yield to maturity3.936%Aug 12, 2026Yield to maturity3.915%Aug 13, 2026Yield to maturity3.883%Aug 14, 2026Yield to maturity3.892%Aug 17, 2026Yield to maturity3.902%Aug 18, 2026Yield to maturity3.891%Aug 19, 2026Yield to maturity3.891%Aug 20, 2026Yield to maturity3.880%Aug 21, 2026Yield to maturity3.910%Aug 24, 2026Yield to maturity3.910%Aug 25, 2026Yield to maturity3.899%Aug 26, 2026Yield to maturity3.888%Aug 27, 2026Yield to maturity3.887%Aug 28, 2026Yield to maturity3.939%Aug 31, 2026Yield to maturity3.959%Sep 1, 2026Yield to maturity3.969%Sep 2, 2026Yield to maturity3.969%Sep 3, 2026Yield to maturity3.926%Sep 4, 2026Yield to maturity3.946%Sep 8, 2026Yield to maturity3.966%Sep 9, 2026Yield to maturity3.976%Sep 10, 2026Yield to maturity4.018%Sep 11, 2026Yield to maturity4.079%Sep 14, 2026Yield to maturity4.089%Sep 15, 2026Yield to maturity4.110%Sep 16, 2026Yield to maturity4.151%Sep 17, 2026Yield to maturity4.151%Sep 18, 2026Yield to maturity4.160%Sep 21, 2026Yield to maturity4.190%Sep 22, 2026Yield to maturity4.200%Sep 23, 2026Yield to maturity4.210%Sep 24, 2026Yield to maturity4.252%Sep 25, 2026Yield to maturity4.261%Sep 28, 2026Yield to maturity4.281%Sep 29, 2026Yield to maturity4.249%Sep 30, 2026Yield to maturity4.217%Oct 1, 2026Yield to maturity4.175%Oct 2, 2026Yield to maturity4.163%Oct 5, 2026Yield to maturity4.173%Oct 6, 2026Yield to maturity4.173%Oct 7, 2026Yield to maturity4.183%Oct 8, 2026Yield to maturity4.193%Oct 9, 2026Yield to maturity4.201%Oct 13, 2026Yield to maturity4.211%Oct 14, 2026Yield to maturity4.242%Oct 15, 2026Yield to maturity4.231%Oct 16, 2026Yield to maturity4.219%Oct 19, 2026Yield to maturity4.239%Oct 20, 2026Yield to maturity4.229%

Price history

52 trading days to Oct 20, 2026

98.098.298.498.698.8Aug 6, 2026Oct 20, 2026Aug 6, 2026Close98.074Aug 7, 2026Close98.121Aug 10, 2026Close98.122Aug 11, 2026Close98.137Aug 12, 2026Close98.158Aug 13, 2026Close98.183Aug 14, 2026Close98.209Aug 17, 2026Close98.215Aug 18, 2026Close98.230Aug 19, 2026Close98.241Aug 20, 2026Close98.256Aug 21, 2026Close98.273Aug 24, 2026Close98.284Aug 25, 2026Close98.299Aug 26, 2026Close98.314Aug 27, 2026Close98.324Aug 28, 2026Close98.334Aug 31, 2026Close98.336Sep 1, 2026Close98.342Sep 2, 2026Close98.353Sep 3, 2026Close98.381Sep 4, 2026Close98.415Sep 8, 2026Close98.417Sep 9, 2026Close98.424Sep 10, 2026Close98.418Sep 11, 2026Close98.427Sep 14, 2026Close98.434Sep 15, 2026Close98.437Sep 16, 2026Close98.433Sep 17, 2026Close98.444Sep 18, 2026Close98.474Sep 21, 2026Close98.474Sep 22, 2026Close98.481Sep 23, 2026Close98.489Sep 24, 2026Close98.486Sep 25, 2026Close98.516Sep 28, 2026Close98.521Sep 29, 2026Close98.543Sep 30, 2026Close98.565Oct 1, 2026Close98.590Oct 2, 2026Close98.627Oct 5, 2026Close98.635Oct 6, 2026Close98.647Oct 7, 2026Close98.655Oct 8, 2026Close98.663Oct 9, 2026Close98.705Oct 13, 2026Close98.713Oct 14, 2026Close98.715Oct 15, 2026Close98.730Oct 16, 2026Close98.767Oct 19, 2026Close98.772Oct 20, 2026Close98.787
The most recent 20 trading days of prices for 912797VV6.
DateBidOfferClose
Oct 20, 202698.78098.77898.787
Oct 19, 202698.76398.76198.772
Oct 16, 202698.73498.73398.767
Oct 15, 202698.72198.71898.730
Oct 14, 202698.70298.69798.715
Oct 13, 202698.70898.70598.713
Oct 9, 202698.66398.65998.705
Oct 8, 202698.65598.65198.663
Oct 7, 202698.64798.64398.655
Oct 6, 202698.64098.63998.647
Oct 5, 202698.62798.62498.635
Oct 2, 202698.60198.59798.627
Oct 1, 202698.57498.56998.590
Sep 30, 202698.55998.55498.565
Sep 29, 202698.52398.52198.543
Sep 28, 202698.51198.50998.521
Sep 25, 202698.48698.48298.516
Sep 24, 202698.48298.47898.486
Sep 23, 202698.47698.47098.489
Sep 22, 202698.47898.47498.481

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.

Auction

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 912797VV6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 3, 2026Aug 6, 2026New issue$79.0bn$85.3bn2.98x–

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.