Treasury bill

912797VY0

Original term
17-Week
Maturity
Nov 24, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$76.31bn
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
4.060%
Modified duration
0.147 yr
DV01
0.0015
Convexity
0.000433
Dirty price
99.403

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 0.147 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 3.0 bp cheap to the curve on that day, 0.44 cents per 100 of face.

That is 1.55 standard deviations from its own typical residual.

Yield to maturity, 46 observations

3.7%3.8%3.9%4.0%4.1%4.2%Jul 28, 2026Sep 30, 2026Jul 28, 2026Yield to maturity3.953%Jul 29, 2026Yield to maturity3.870%Jul 30, 2026Yield to maturity3.859%Jul 31, 2026Yield to maturity3.868%Aug 3, 2026Yield to maturity3.878%Aug 4, 2026Yield to maturity3.857%Aug 5, 2026Yield to maturity3.846%Aug 6, 2026Yield to maturity3.856%Aug 7, 2026Yield to maturity3.824%Aug 10, 2026Yield to maturity3.834%Aug 11, 2026Yield to maturity3.823%Aug 12, 2026Yield to maturity3.812%Aug 13, 2026Yield to maturity3.812%Aug 14, 2026Yield to maturity3.811%Aug 17, 2026Yield to maturity3.810%Aug 18, 2026Yield to maturity3.810%Aug 19, 2026Yield to maturity3.809%Aug 20, 2026Yield to maturity3.799%Aug 21, 2026Yield to maturity3.808%Aug 24, 2026Yield to maturity3.807%Aug 25, 2026Yield to maturity3.786%Aug 26, 2026Yield to maturity3.776%Aug 27, 2026Yield to maturity3.765%Aug 28, 2026Yield to maturity3.826%Aug 31, 2026Yield to maturity3.825%Sep 1, 2026Yield to maturity3.825%Sep 2, 2026Yield to maturity3.825%Sep 3, 2026Yield to maturity3.804%Sep 4, 2026Yield to maturity3.823%Sep 8, 2026Yield to maturity3.832%Sep 9, 2026Yield to maturity3.842%Sep 10, 2026Yield to maturity3.904%Sep 11, 2026Yield to maturity3.975%Sep 14, 2026Yield to maturity3.995%Sep 15, 2026Yield to maturity3.994%Sep 16, 2026Yield to maturity4.004%Sep 17, 2026Yield to maturity3.993%Sep 18, 2026Yield to maturity4.002%Sep 21, 2026Yield to maturity4.002%Sep 22, 2026Yield to maturity4.001%Sep 23, 2026Yield to maturity4.022%Sep 24, 2026Yield to maturity4.072%Sep 25, 2026Yield to maturity4.102%Sep 28, 2026Yield to maturity4.101%Sep 29, 2026Yield to maturity4.080%Sep 30, 2026Yield to maturity4.060%

Price history

46 trading days to Sep 30, 2026

98.698.899.099.299.499.6Jul 28, 2026Sep 30, 2026Jul 28, 2026Close98.738Jul 29, 2026Close98.775Jul 30, 2026Close98.788Jul 31, 2026Close98.817Aug 3, 2026Close98.824Aug 4, 2026Close98.841Aug 5, 2026Close98.854Aug 6, 2026Close98.862Aug 7, 2026Close98.902Aug 10, 2026Close98.909Aug 11, 2026Close98.922Aug 12, 2026Close98.936Aug 13, 2026Close98.946Aug 14, 2026Close98.977Aug 17, 2026Close98.987Aug 18, 2026Close98.998Aug 19, 2026Close99.008Aug 20, 2026Close99.021Aug 21, 2026Close99.049Aug 24, 2026Close99.060Aug 25, 2026Close99.075Aug 26, 2026Close99.088Aug 27, 2026Close99.100Aug 28, 2026Close99.117Aug 31, 2026Close99.127Sep 1, 2026Close99.138Sep 2, 2026Close99.148Sep 3, 2026Close99.163Sep 4, 2026Close99.200Sep 8, 2026Close99.208Sep 9, 2026Close99.217Sep 10, 2026Close99.215Sep 11, 2026Close99.233Sep 14, 2026Close99.240Sep 15, 2026Close99.251Sep 16, 2026Close99.260Sep 17, 2026Close99.272Sep 18, 2026Close99.303Sep 21, 2026Close99.314Sep 22, 2026Close99.325Sep 23, 2026Close99.332Sep 24, 2026Close99.335Sep 25, 2026Close99.364Sep 28, 2026Close99.375Sep 29, 2026Close99.389Sep 30, 2026Close99.403
The most recent 20 trading days of prices for 912797VY0.
DateBidOfferClose
Sep 30, 202699.39399.39299.403
Sep 29, 202699.37799.37699.389
Sep 28, 202699.36399.36299.375
Sep 25, 202699.33199.33099.364
Sep 24, 202699.32799.32699.335
Sep 23, 202699.32399.32199.332
Sep 22, 202699.31599.31499.325
Sep 21, 202699.30499.30399.314
Sep 18, 202699.27199.27099.303
Sep 17, 202699.26299.26199.272
Sep 16, 202699.25799.25699.260
Sep 15, 202699.24199.24099.251
Sep 14, 202699.23299.23199.240
Sep 11, 202699.20999.20799.233
Sep 10, 202699.20799.20699.215
Sep 9, 202699.20899.20699.217
Sep 8, 202699.20299.20099.208
Sep 4, 202699.16199.15999.200
Sep 3, 202699.15399.15099.163
Sep 2, 202699.13999.13899.148

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 912797VY0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 22, 2026Jul 28, 2026New issue$72.0bn$76.3bn2.76x–
Sep 24, 2026Sep 29, 2026Reopening$85.0bn$92.0bn2.76x–

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.