Treasury bill

912797VZ7

Original term
17-Week
Maturity
Dec 1, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$175.78bn
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, November 9, 2026

Yield to maturity
3.943%
Modified duration
0.057 yr
DV01
0.0006
Convexity
0.0000659
Dirty price
99.774

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 0.057 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 0.01 cents per 100 of face cheap to the curve on that day.

Shown as a price rather than a yield. This bill is 22 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, 68 observations

3.75%3.80%3.85%3.90%3.95%4.00%4.05%4.10%Aug 4, 2026Nov 9, 2026Aug 4, 2026Yield to maturity3.870%Aug 5, 2026Yield to maturity3.870%Aug 6, 2026Yield to maturity3.869%Aug 7, 2026Yield to maturity3.837%Aug 10, 2026Yield to maturity3.847%Aug 11, 2026Yield to maturity3.847%Aug 12, 2026Yield to maturity3.836%Aug 13, 2026Yield to maturity3.815%Aug 14, 2026Yield to maturity3.824%Aug 17, 2026Yield to maturity3.823%Aug 18, 2026Yield to maturity3.813%Aug 19, 2026Yield to maturity3.812%Aug 20, 2026Yield to maturity3.812%Aug 21, 2026Yield to maturity3.811%Aug 24, 2026Yield to maturity3.810%Aug 25, 2026Yield to maturity3.789%Aug 26, 2026Yield to maturity3.799%Aug 27, 2026Yield to maturity3.799%Aug 28, 2026Yield to maturity3.839%Aug 31, 2026Yield to maturity3.818%Sep 1, 2026Yield to maturity3.828%Sep 2, 2026Yield to maturity3.827%Sep 3, 2026Yield to maturity3.796%Sep 4, 2026Yield to maturity3.815%Sep 8, 2026Yield to maturity3.825%Sep 9, 2026Yield to maturity3.855%Sep 10, 2026Yield to maturity3.907%Sep 11, 2026Yield to maturity3.978%Sep 14, 2026Yield to maturity3.998%Sep 15, 2026Yield to maturity3.997%Sep 16, 2026Yield to maturity4.007%Sep 17, 2026Yield to maturity3.986%Sep 18, 2026Yield to maturity4.005%Sep 21, 2026Yield to maturity4.005%Sep 22, 2026Yield to maturity4.015%Sep 23, 2026Yield to maturity4.045%Sep 24, 2026Yield to maturity4.065%Sep 25, 2026Yield to maturity4.074%Sep 28, 2026Yield to maturity4.094%Sep 29, 2026Yield to maturity4.073%Sep 30, 2026Yield to maturity4.083%Oct 1, 2026Yield to maturity4.052%Oct 2, 2026Yield to maturity4.030%Oct 5, 2026Yield to maturity4.050%Oct 6, 2026Yield to maturity4.050%Oct 7, 2026Yield to maturity4.060%Oct 8, 2026Yield to maturity4.049%Oct 9, 2026Yield to maturity4.037%Oct 13, 2026Yield to maturity4.036%Oct 14, 2026Yield to maturity4.046%Oct 15, 2026Yield to maturity4.046%Oct 16, 2026Yield to maturity4.044%Oct 19, 2026Yield to maturity4.034%Oct 20, 2026Yield to maturity4.043%Oct 21, 2026Yield to maturity4.033%Oct 22, 2026Yield to maturity4.022%Oct 23, 2026Yield to maturity4.000%Oct 26, 2026Yield to maturity4.010%Oct 27, 2026Yield to maturity3.999%Oct 28, 2026Yield to maturity3.999%Oct 29, 2026Yield to maturity3.968%Oct 30, 2026Yield to maturity3.967%Nov 2, 2026Yield to maturity3.966%Nov 3, 2026Yield to maturity3.945%Nov 4, 2026Yield to maturity3.914%Nov 5, 2026Yield to maturity3.914%Nov 6, 2026Yield to maturity3.913%Nov 9, 2026Yield to maturity3.943%

Price history

68 trading days to Nov 9, 2026

98.698.899.099.299.499.699.8Aug 4, 2026Nov 9, 2026Aug 4, 2026Close98.764Aug 5, 2026Close98.775Aug 6, 2026Close98.785Aug 7, 2026Close98.826Aug 10, 2026Close98.833Aug 11, 2026Close98.844Aug 12, 2026Close98.857Aug 13, 2026Close98.874Aug 14, 2026Close98.902Aug 17, 2026Close98.912Aug 18, 2026Close98.925Aug 19, 2026Close98.936Aug 20, 2026Close98.946Aug 21, 2026Close98.977Aug 24, 2026Close98.987Aug 25, 2026Close99.003Aug 26, 2026Close99.011Aug 27, 2026Close99.021Aug 28, 2026Close99.042Aug 31, 2026Close99.057Sep 1, 2026Close99.065Sep 2, 2026Close99.075Sep 3, 2026Close99.093Sep 4, 2026Close99.130Sep 8, 2026Close99.138Sep 9, 2026Close99.141Sep 10, 2026Close99.141Sep 11, 2026Close99.157Sep 14, 2026Close99.164Sep 15, 2026Close99.175Sep 16, 2026Close99.183Sep 17, 2026Close99.198Sep 18, 2026Close99.227Sep 21, 2026Close99.238Sep 22, 2026Close99.247Sep 23, 2026Close99.252Sep 24, 2026Close99.259Sep 25, 2026Close99.291Sep 28, 2026Close99.298Sep 29, 2026Close99.313Sep 30, 2026Close99.322Oct 1, 2026Close99.338Oct 2, 2026Close99.375Oct 5, 2026Close99.382Oct 6, 2026Close99.393Oct 7, 2026Close99.403Oct 8, 2026Close99.416Oct 9, 2026Close99.461Oct 13, 2026Close99.472Oct 14, 2026Close99.482Oct 15, 2026Close99.493Oct 16, 2026Close99.526Oct 19, 2026Close99.538Oct 20, 2026Close99.548Oct 21, 2026Close99.560Oct 22, 2026Close99.572Oct 23, 2026Close99.607Oct 26, 2026Close99.617Oct 27, 2026Close99.629Oct 28, 2026Close99.640Oct 29, 2026Close99.653Oct 30, 2026Close99.686Nov 2, 2026Close99.697Nov 3, 2026Close99.709Nov 4, 2026Close99.722Nov 5, 2026Close99.733Nov 6, 2026Close99.765Nov 9, 2026Close99.774
The most recent 20 trading days of prices for 912797VZ7.
DateBidOfferClose
Nov 9, 202699.76499.76599.774
Nov 6, 202699.73299.73399.765
Nov 5, 202699.72399.72399.733
Nov 4, 202699.71099.71099.722
Nov 3, 202699.69899.69999.709
Nov 2, 202699.68599.68599.697
Oct 30, 202699.65299.65399.686
Oct 29, 202699.64099.64199.653
Oct 28, 202699.62899.62999.640
Oct 27, 202699.61899.61999.629
Oct 26, 202699.60699.60699.617
Oct 23, 202699.57399.57499.607
Oct 22, 202699.56099.56199.572
Oct 21, 202699.54899.54899.560
Oct 20, 202699.53899.53999.548
Oct 19, 202699.52799.52899.538
Oct 16, 202699.49399.49499.526
Oct 15, 202699.48099.48299.493
Oct 14, 202699.46899.46999.482
Oct 13, 202699.46199.46299.472

Prices are per 100 of face, from Treasury's own end-of-day file. A dash means that side was not quoted that day, which is almost always the offer and almost always near maturity: a holder of a bill days from paying par has little reason to sell it.

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 912797VZ7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 29, 2026Aug 4, 2026New issue$72.0bn$75.9bn3.04x–
Oct 1, 2026Oct 6, 2026Reopening$95.0bn$99.8bn2.70x–
Oct 29, 2026Nov 3, 2026Reopening$115.0bn$120.9bn3.10x–

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.