Treasury bill

912797VW4

Original term
17-Week
Maturity
Nov 10, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$76.46bn
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
4.002%
Modified duration
0.109 yr
DV01
0.0011
Convexity
0.000238
Dirty price
99.563

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 0.109 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 1.8 bp cheap to the curve on that day, 0.19 cents per 100 of face.

That is 1.28 standard deviations from its own typical residual.

Yield to maturity, 56 observations

3.70%3.75%3.80%3.85%3.90%3.95%4.00%4.05%Jul 14, 2026Sep 30, 2026Jul 14, 2026Yield to maturity3.849%Jul 15, 2026Yield to maturity3.818%Jul 16, 2026Yield to maturity3.828%Jul 17, 2026Yield to maturity3.837%Jul 20, 2026Yield to maturity3.847%Jul 21, 2026Yield to maturity3.867%Jul 22, 2026Yield to maturity3.888%Jul 23, 2026Yield to maturity3.939%Jul 24, 2026Yield to maturity3.927%Jul 27, 2026Yield to maturity3.927%Jul 28, 2026Yield to maturity3.896%Jul 29, 2026Yield to maturity3.823%Jul 30, 2026Yield to maturity3.801%Jul 31, 2026Yield to maturity3.800%Aug 3, 2026Yield to maturity3.800%Aug 4, 2026Yield to maturity3.789%Aug 5, 2026Yield to maturity3.799%Aug 6, 2026Yield to maturity3.788%Aug 7, 2026Yield to maturity3.777%Aug 10, 2026Yield to maturity3.797%Aug 11, 2026Yield to maturity3.797%Aug 12, 2026Yield to maturity3.786%Aug 13, 2026Yield to maturity3.786%Aug 14, 2026Yield to maturity3.784%Aug 17, 2026Yield to maturity3.784%Aug 18, 2026Yield to maturity3.773%Aug 19, 2026Yield to maturity3.773%Aug 20, 2026Yield to maturity3.762%Aug 21, 2026Yield to maturity3.761%Aug 24, 2026Yield to maturity3.771%Aug 25, 2026Yield to maturity3.771%Aug 26, 2026Yield to maturity3.760%Aug 27, 2026Yield to maturity3.749%Aug 28, 2026Yield to maturity3.800%Aug 31, 2026Yield to maturity3.809%Sep 1, 2026Yield to maturity3.819%Sep 2, 2026Yield to maturity3.819%Sep 3, 2026Yield to maturity3.808%Sep 4, 2026Yield to maturity3.817%Sep 8, 2026Yield to maturity3.806%Sep 9, 2026Yield to maturity3.826%Sep 10, 2026Yield to maturity3.888%Sep 11, 2026Yield to maturity3.948%Sep 14, 2026Yield to maturity3.958%Sep 15, 2026Yield to maturity3.957%Sep 16, 2026Yield to maturity3.957%Sep 17, 2026Yield to maturity3.956%Sep 18, 2026Yield to maturity3.965%Sep 21, 2026Yield to maturity3.955%Sep 22, 2026Yield to maturity3.965%Sep 23, 2026Yield to maturity3.995%Sep 24, 2026Yield to maturity3.994%Sep 25, 2026Yield to maturity4.014%Sep 28, 2026Yield to maturity4.034%Sep 29, 2026Yield to maturity4.033%Sep 30, 2026Yield to maturity4.002%

Price history

56 trading days to Sep 30, 2026

98.698.899.099.299.499.6Jul 14, 2026Sep 30, 2026Jul 14, 2026Close98.771Jul 15, 2026Close98.791Jul 16, 2026Close98.798Jul 17, 2026Close98.826Jul 20, 2026Close98.833Jul 21, 2026Close98.838Jul 22, 2026Close98.842Jul 23, 2026Close98.837Jul 24, 2026Close98.872Jul 27, 2026Close98.883Jul 28, 2026Close98.902Jul 29, 2026Close98.933Jul 30, 2026Close98.949Jul 31, 2026Close98.980Aug 3, 2026Close98.990Aug 4, 2026Close99.003Aug 5, 2026Close99.011Aug 6, 2026Close99.024Aug 7, 2026Close99.057Aug 10, 2026Close99.062Aug 11, 2026Close99.073Aug 12, 2026Close99.085Aug 13, 2026Close99.096Aug 14, 2026Close99.126Aug 17, 2026Close99.137Aug 18, 2026Close99.149Aug 19, 2026Close99.159Aug 20, 2026Close99.172Aug 21, 2026Close99.203Aug 24, 2026Close99.211Aug 25, 2026Close99.221Aug 26, 2026Close99.233Aug 27, 2026Close99.246Aug 28, 2026Close99.266Aug 31, 2026Close99.275Sep 1, 2026Close99.283Sep 2, 2026Close99.294Sep 3, 2026Close99.306Sep 4, 2026Close99.346Sep 8, 2026Close99.358Sep 9, 2026Close99.365Sep 10, 2026Close99.365Sep 11, 2026Close99.387Sep 14, 2026Close99.396Sep 15, 2026Close99.407Sep 16, 2026Close99.418Sep 17, 2026Close99.429Sep 18, 2026Close99.460Sep 21, 2026Close99.472Sep 22, 2026Close99.481Sep 23, 2026Close99.488Sep 24, 2026Close99.499Sep 25, 2026Close99.529Sep 28, 2026Close99.538Sep 29, 2026Close99.549Sep 30, 2026Close99.563
The most recent 20 trading days of prices for 912797VW4.
DateBidOfferClose
Sep 30, 202699.55499.55299.563
Sep 29, 202699.53999.53899.549
Sep 28, 202699.52999.52899.538
Sep 25, 202699.49799.49599.529
Sep 24, 202699.49099.48899.499
Sep 23, 202699.47999.47799.488
Sep 22, 202699.47199.47199.481
Sep 21, 202699.46299.46199.472
Sep 18, 202699.43099.42999.460
Sep 17, 202699.41999.41999.429
Sep 16, 202699.41099.40999.418
Sep 15, 202699.39799.39699.407
Sep 14, 202699.38699.38699.396
Sep 11, 202699.35799.35599.387
Sep 10, 202699.35899.35699.365
Sep 9, 202699.35699.35499.365
Sep 8, 202699.34799.34699.358
Sep 4, 202699.30599.30499.346
Sep 3, 202699.29499.29499.306
Sep 2, 202699.28399.28199.294

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 912797VW4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 8, 2026Jul 14, 2026New issue$72.0bn$76.5bn3.41x–
Sep 10, 2026Sep 15, 2026Reopening$85.0bn$91.7bn2.82x–

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.