Treasury bill

912797WE3

Original term
17-Week
Maturity
Dec 8, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$75.35bn
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
4.047%
Modified duration
0.131 yr
DV01
0.0013
Convexity
0.000342
Dirty price
99.471

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 0.131 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 0.4 bp rich to the curve on that day, 0.06 cents per 100 of face.

That is -0.10 standard deviations from its own typical residual.

Yield to maturity, 49 observations

3.80%3.85%3.90%3.95%4.00%4.05%4.10%Aug 11, 2026Oct 20, 2026Aug 11, 2026Yield to maturity3.860%Aug 12, 2026Yield to maturity3.839%Aug 13, 2026Yield to maturity3.838%Aug 14, 2026Yield to maturity3.827%Aug 17, 2026Yield to maturity3.837%Aug 18, 2026Yield to maturity3.826%Aug 19, 2026Yield to maturity3.825%Aug 20, 2026Yield to maturity3.815%Aug 21, 2026Yield to maturity3.834%Aug 24, 2026Yield to maturity3.823%Aug 25, 2026Yield to maturity3.823%Aug 26, 2026Yield to maturity3.812%Aug 27, 2026Yield to maturity3.801%Aug 28, 2026Yield to maturity3.862%Aug 31, 2026Yield to maturity3.852%Sep 1, 2026Yield to maturity3.862%Sep 2, 2026Yield to maturity3.872%Sep 3, 2026Yield to maturity3.830%Sep 4, 2026Yield to maturity3.859%Sep 8, 2026Yield to maturity3.879%Sep 9, 2026Yield to maturity3.889%Sep 10, 2026Yield to maturity3.930%Sep 11, 2026Yield to maturity3.991%Sep 14, 2026Yield to maturity4.011%Sep 15, 2026Yield to maturity4.021%Sep 16, 2026Yield to maturity4.052%Sep 17, 2026Yield to maturity4.030%Sep 18, 2026Yield to maturity4.039%Sep 21, 2026Yield to maturity4.039%Sep 22, 2026Yield to maturity4.018%Sep 23, 2026Yield to maturity4.059%Sep 24, 2026Yield to maturity4.079%Sep 25, 2026Yield to maturity4.078%Sep 28, 2026Yield to maturity4.087%Sep 29, 2026Yield to maturity4.066%Sep 30, 2026Yield to maturity4.066%Oct 1, 2026Yield to maturity4.045%Oct 2, 2026Yield to maturity4.033%Oct 5, 2026Yield to maturity4.033%Oct 6, 2026Yield to maturity4.043%Oct 7, 2026Yield to maturity4.042%Oct 8, 2026Yield to maturity4.042%Oct 9, 2026Yield to maturity4.050%Oct 13, 2026Yield to maturity4.050%Oct 14, 2026Yield to maturity4.060%Oct 15, 2026Yield to maturity4.059%Oct 16, 2026Yield to maturity4.047%Oct 19, 2026Yield to maturity4.047%Oct 20, 2026Yield to maturity4.047%

Price history

49 trading days to Oct 20, 2026

98.698.899.099.299.499.6Aug 11, 2026Oct 20, 2026Aug 11, 2026Close98.768Aug 12, 2026Close98.784Aug 13, 2026Close98.795Aug 14, 2026Close98.829Aug 17, 2026Close98.836Aug 18, 2026Close98.850Aug 19, 2026Close98.860Aug 20, 2026Close98.874Aug 21, 2026Close98.899Aug 24, 2026Close98.912Aug 25, 2026Close98.922Aug 26, 2026Close98.936Aug 27, 2026Close98.949Aug 28, 2026Close98.963Aug 31, 2026Close98.976Sep 1, 2026Close98.984Sep 2, 2026Close98.992Sep 3, 2026Close99.013Sep 4, 2026Close99.047Sep 8, 2026Close99.052Sep 9, 2026Close99.061Sep 10, 2026Close99.061Sep 11, 2026Close99.079Sep 14, 2026Close99.085Sep 15, 2026Close99.094Sep 16, 2026Close99.098Sep 17, 2026Close99.114Sep 18, 2026Close99.144Sep 21, 2026Close99.155Sep 22, 2026Close99.170Sep 23, 2026Close99.173Sep 24, 2026Close99.180Sep 25, 2026Close99.213Sep 28, 2026Close99.222Sep 29, 2026Close99.237Sep 30, 2026Close99.248Oct 1, 2026Close99.263Oct 2, 2026Close99.298Oct 5, 2026Close99.309Oct 6, 2026Close99.318Oct 7, 2026Close99.329Oct 8, 2026Close99.340Oct 9, 2026Close99.382Oct 13, 2026Close99.393Oct 14, 2026Close99.403Oct 15, 2026Close99.414Oct 16, 2026Close99.449Oct 19, 2026Close99.460Oct 20, 2026Close99.471
The most recent 20 trading days of prices for 912797WE3.
DateBidOfferClose
Oct 20, 202699.46199.46099.471
Oct 19, 202699.44999.44999.460
Oct 16, 202699.41699.41699.449
Oct 15, 202699.40499.40399.414
Oct 14, 202699.38899.38799.403
Oct 13, 202699.38299.38199.393
Oct 9, 202699.33899.33799.382
Oct 8, 202699.32799.32699.340
Oct 7, 202699.31999.31899.329
Oct 6, 202699.31199.30999.318
Oct 5, 202699.30099.30099.309
Oct 2, 202699.26599.26399.298
Oct 1, 202699.25399.25099.263
Sep 30, 202699.24399.24199.248
Sep 29, 202699.22699.22499.237
Sep 28, 202699.21199.20999.222
Sep 25, 202699.18199.17899.213
Sep 24, 202699.17499.17199.180
Sep 23, 202699.16699.16499.173
Sep 22, 202699.15999.15799.170

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 912797WE3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 5, 2026Aug 11, 2026New issue$72.0bn$75.4bn3.19x–
Oct 8, 2026Oct 13, 2026Reopening$105.0bn$113.9bn2.77x–

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.