Treasury bond

912810QW1 · 3% due May 15, 2042

Original term
30-Year
Maturity
May 15, 2042
Coupon
3.000%
Pays
Semi-Annual
Dated
May 15, 2012
First coupon
Nov 15, 2012
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$43.92bn
Held stripped
$1.06bn
Share stripped
2.41%

Stripped par is held as separate interest and principal components rather than as whole securities. The Safe Rate indices deliberately do not deduct it, and the whole-market figure is published so that decision can be argued with. 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
5.408%
Modified duration
11.461 yr
DV01
0.0873
Convexity
1.64
Dirty price
76.171

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
0.17
0.31
0.50
0.96
8.66
1.01
3M
6M
1Y
2Y
3Y
5Y
7Y
10Y
15Y
20Y
25Y
30Y
Sensitivity to a one basis point move at each point on the curve, in years. Concentrated in 10 of twelve buckets, summing to 11.711 years against a modified duration of 11.461.

Against the fitted curve

Priced 0.9 bp cheap to the curve on that day, 8.23 cents per 100 of face.

That is -1.16 standard deviations from its own typical residual.

Yield to maturity, 3,608 observations

1%2%3%4%5%6%May 15, 2012Oct 20, 2026May 15, 2012Yield to maturity2.914%Jun 7, 2012Yield to maturity2.752%Jun 29, 2012Yield to maturity2.759%Jul 24, 2012Yield to maturity2.472%Aug 15, 2012Yield to maturity2.887%Sep 7, 2012Yield to maturity2.796%Oct 1, 2012Yield to maturity2.794%Oct 24, 2012Yield to maturity2.913%Nov 19, 2012Yield to maturity2.735%Dec 12, 2012Yield to maturity2.869%Jan 7, 2013Yield to maturity3.075%Jan 30, 2013Yield to maturity3.163%Feb 22, 2013Yield to maturity3.143%Mar 18, 2013Yield to maturity3.166%Apr 10, 2013Yield to maturity3.002%May 2, 2013Yield to maturity2.816%May 24, 2013Yield to maturity3.155%Jun 18, 2013Yield to maturity3.333%Jul 11, 2013Yield to maturity3.623%Aug 2, 2013Yield to maturity3.677%Aug 26, 2013Yield to maturity3.788%Sep 18, 2013Yield to maturity3.763%Oct 10, 2013Yield to maturity3.762%Nov 4, 2013Yield to maturity3.706%Nov 27, 2013Yield to maturity3.818%Dec 20, 2013Yield to maturity3.831%Jan 15, 2014Yield to maturity3.808%Feb 7, 2014Yield to maturity3.675%Mar 4, 2014Yield to maturity3.636%Mar 26, 2014Yield to maturity3.549%Apr 17, 2014Yield to maturity3.504%May 12, 2014Yield to maturity3.462%Jun 4, 2014Yield to maturity3.424%Jun 26, 2014Yield to maturity3.321%Jul 21, 2014Yield to maturity3.243%Aug 12, 2014Yield to maturity3.258%Sep 4, 2014Yield to maturity3.186%Sep 29, 2014Yield to maturity3.162%Oct 22, 2014Yield to maturity2.988%Nov 14, 2014Yield to maturity3.034%Dec 10, 2014Yield to maturity2.813%Jan 5, 2015Yield to maturity2.579%Jan 28, 2015Yield to maturity2.275%Feb 20, 2015Yield to maturity2.713%Mar 16, 2015Yield to maturity2.662%Apr 7, 2015Yield to maturity2.508%Apr 29, 2015Yield to maturity2.747%May 21, 2015Yield to maturity2.985%Jun 15, 2015Yield to maturity3.098%Jul 8, 2015Yield to maturity2.995%Jul 30, 2015Yield to maturity2.944%Aug 21, 2015Yield to maturity2.724%Sep 15, 2015Yield to maturity3.046%Oct 7, 2015Yield to maturity2.867%Oct 30, 2015Yield to maturity2.881%Nov 24, 2015Yield to maturity2.966%Dec 17, 2015Yield to maturity2.883%Jan 12, 2016Yield to maturity2.827%Feb 4, 2016Yield to maturity2.628%Feb 29, 2016Yield to maturity2.527%Mar 22, 2016Yield to maturity2.646%Apr 14, 2016Yield to maturity2.531%May 6, 2016Yield to maturity2.537%May 31, 2016Yield to maturity2.561%Jun 22, 2016Yield to maturity2.407%Jul 15, 2016Yield to maturity2.213%Aug 8, 2016Yield to maturity2.218%Aug 30, 2016Yield to maturity2.176%Sep 22, 2016Yield to maturity2.287%Oct 17, 2016Yield to maturity2.461%Nov 8, 2016Yield to maturity2.567%Dec 2, 2016Yield to maturity3.050%Dec 27, 2016Yield to maturity3.140%Jan 20, 2017Yield to maturity3.028%Feb 13, 2017Yield to maturity3.012%Mar 8, 2017Yield to maturity3.133%Mar 30, 2017Yield to maturity3.016%Apr 24, 2017Yield to maturity2.903%May 16, 2017Yield to maturity2.964%Jun 8, 2017Yield to maturity2.811%Jun 30, 2017Yield to maturity2.802%Jul 25, 2017Yield to maturity2.864%Aug 16, 2017Yield to maturity2.755%Sep 8, 2017Yield to maturity2.610%Oct 2, 2017Yield to maturity2.818%Oct 25, 2017Yield to maturity2.891%Nov 16, 2017Yield to maturity2.767%Dec 11, 2017Yield to maturity2.729%Jan 4, 2018Yield to maturity2.747%Jan 29, 2018Yield to maturity2.903%Feb 21, 2018Yield to maturity3.188%Mar 15, 2018Yield to maturity3.018%Apr 9, 2018Yield to maturity2.976%May 1, 2018Yield to maturity3.100%May 23, 2018Yield to maturity3.149%Jun 15, 2018Yield to maturity3.031%Jul 10, 2018Yield to maturity2.954%Aug 1, 2018Yield to maturity3.118%Aug 23, 2018Yield to maturity2.954%Sep 17, 2018Yield to maturity3.122%Oct 10, 2018Yield to maturity3.387%Nov 1, 2018Yield to maturity3.369%Nov 27, 2018Yield to maturity3.308%Dec 20, 2018Yield to maturity3.004%Jan 15, 2019Yield to maturity3.049%Feb 7, 2019Yield to maturity2.959%Mar 4, 2019Yield to maturity3.060%Mar 26, 2019Yield to maturity2.802%Apr 17, 2019Yield to maturity2.936%May 10, 2019Yield to maturity2.824%Jun 4, 2019Yield to maturity2.543%Jun 26, 2019Yield to maturity2.494%Jul 19, 2019Yield to maturity2.495%Aug 12, 2019Yield to maturity2.051%Sep 4, 2019Yield to maturity1.896%Sep 26, 2019Yield to maturity2.084%Oct 21, 2019Yield to maturity2.225%Nov 13, 2019Yield to maturity2.325%Dec 6, 2019Yield to maturity2.248%Dec 31, 2019Yield to maturity2.349%Jan 24, 2020Yield to maturity2.111%Feb 18, 2020Yield to maturity1.951%Mar 11, 2020Yield to maturity1.329%Apr 2, 2020Yield to maturity1.163%Apr 27, 2020Yield to maturity1.180%May 19, 2020Yield to maturity1.298%Jun 11, 2020Yield to maturity1.266%Jul 6, 2020Yield to maturity1.290%Jul 28, 2020Yield to maturity1.071%Aug 19, 2020Yield to maturity1.243%Sep 11, 2020Yield to maturity1.225%Oct 5, 2020Yield to maturity1.364%Oct 28, 2020Yield to maturity1.348%Nov 20, 2020Yield to maturity1.329%Dec 15, 2020Yield to maturity1.446%Jan 8, 2021Yield to maturity1.668%Feb 2, 2021Yield to maturity1.679%Feb 25, 2021Yield to maturity2.202%Mar 19, 2021Yield to maturity2.348%Apr 12, 2021Yield to maturity2.224%May 4, 2021Yield to maturity2.142%May 26, 2021Yield to maturity2.167%Jun 18, 2021Yield to maturity1.957%Jul 13, 2021Yield to maturity1.958%Aug 4, 2021Yield to maturity1.738%Aug 26, 2021Yield to maturity1.848%Sep 20, 2021Yield to maturity1.761%Oct 13, 2021Yield to maturity1.971%Nov 4, 2021Yield to maturity1.945%Nov 30, 2021Yield to maturity1.826%Dec 22, 2021Yield to maturity1.856%Jan 14, 2022Yield to maturity2.160%Feb 8, 2022Yield to maturity2.298%Mar 3, 2022Yield to maturity2.335%Mar 25, 2022Yield to maturity2.762%Apr 19, 2022Yield to maturity3.210%May 11, 2022Yield to maturity3.278%Jun 3, 2022Yield to maturity3.361%Jun 28, 2022Yield to maturity3.584%Jul 21, 2022Yield to maturity3.356%Aug 12, 2022Yield to maturity3.361%Sep 6, 2022Yield to maturity3.774%Sep 28, 2022Yield to maturity4.035%Oct 21, 2022Yield to maturity4.612%Nov 15, 2022Yield to maturity4.246%Dec 8, 2022Yield to maturity3.769%Jan 3, 2023Yield to maturity4.104%Jan 26, 2023Yield to maturity3.778%Feb 17, 2023Yield to maturity4.058%Mar 14, 2023Yield to maturity3.932%Apr 5, 2023Yield to maturity3.685%Apr 27, 2023Yield to maturity3.891%May 19, 2023Yield to maturity4.092%Jun 13, 2023Yield to maturity4.144%Jul 7, 2023Yield to maturity4.290%Jul 31, 2023Yield to maturity4.241%Aug 22, 2023Yield to maturity4.640%Sep 14, 2023Yield to maturity4.606%Oct 6, 2023Yield to maturity5.181%Oct 31, 2023Yield to maturity5.248%Nov 22, 2023Yield to maturity4.778%Dec 15, 2023Yield to maturity4.211%Jan 10, 2024Yield to maturity4.358%Feb 2, 2024Yield to maturity4.347%Feb 27, 2024Yield to maturity4.618%Mar 20, 2024Yield to maturity4.569%Apr 11, 2024Yield to maturity4.802%May 3, 2024Yield to maturity4.771%May 28, 2024Yield to maturity4.775%Jun 20, 2024Yield to maturity4.501%Jul 15, 2024Yield to maturity4.551%Aug 6, 2024Yield to maturity4.248%Aug 28, 2024Yield to maturity4.210%Sep 20, 2024Yield to maturity4.091%Oct 15, 2024Yield to maturity4.338%Nov 6, 2024Yield to maturity4.707%Dec 2, 2024Yield to maturity4.456%Dec 24, 2024Yield to maturity4.843%Jan 17, 2025Yield to maturity4.921%Feb 11, 2025Yield to maturity4.779%Mar 6, 2025Yield to maturity4.622%Mar 28, 2025Yield to maturity4.626%Apr 21, 2025Yield to maturity4.949%May 13, 2025Yield to maturity4.977%Jun 5, 2025Yield to maturity4.883%Jun 30, 2025Yield to maturity4.747%Jul 23, 2025Yield to maturity4.909%Aug 14, 2025Yield to maturity4.813%Sep 8, 2025Yield to maturity4.603%Sep 30, 2025Yield to maturity4.645%Oct 23, 2025Yield to maturity4.496%Nov 17, 2025Yield to maturity4.646%Dec 10, 2025Yield to maturity4.694%Jan 5, 2026Yield to maturity4.718%Jan 28, 2026Yield to maturity4.739%Feb 20, 2026Yield to maturity4.585%Mar 16, 2026Yield to maturity4.759%Apr 7, 2026Yield to maturity4.826%Apr 29, 2026Yield to maturity4.900%May 21, 2026Yield to maturity5.031%Jun 15, 2026Yield to maturity4.895%Jul 9, 2026Yield to maturity4.987%Jul 31, 2026Yield to maturity5.214%Aug 24, 2026Yield to maturity5.131%Sep 16, 2026Yield to maturity5.322%Oct 8, 2026Yield to maturity5.577%Oct 20, 2026Yield to maturity5.408%

Price history

3,608 trading days to Oct 20, 2026

708090100110120130140May 15, 2012Oct 20, 2026May 15, 2012Close101.719Jun 7, 2012Close105.031Jun 29, 2012Close104.875Jul 24, 2012Close111.094Aug 15, 2012Close102.250Sep 7, 2012Close104.094Oct 1, 2012Close104.125Oct 24, 2012Close101.719Nov 19, 2012Close105.344Dec 12, 2012Close102.594Jan 7, 2013Close98.563Jan 30, 2013Close96.906Feb 22, 2013Close97.281Mar 18, 2013Close96.844Apr 10, 2013Close99.969May 2, 2013Close103.625May 24, 2013Close97.063Jun 18, 2013Close93.844Jul 11, 2013Close88.906Aug 2, 2013Close88.031Aug 26, 2013Close86.281Sep 18, 2013Close86.688Oct 10, 2013Close86.719Nov 4, 2013Close87.625Nov 27, 2013Close85.875Dec 20, 2013Close85.688Jan 15, 2014Close86.063Feb 7, 2014Close88.188Mar 4, 2014Close88.844Mar 26, 2014Close90.281Apr 17, 2014Close91.031May 12, 2014Close91.750Jun 4, 2014Close92.406Jun 26, 2014Close94.188Jul 21, 2014Close95.563Aug 12, 2014Close95.313Sep 4, 2014Close96.594Sep 29, 2014Close97.031Oct 22, 2014Close100.219Nov 14, 2014Close99.375Dec 10, 2014Close103.563Jan 5, 2015Close108.219Jan 28, 2015Close114.688Feb 20, 2015Close105.500Mar 16, 2015Close106.500Apr 7, 2015Close109.625Apr 29, 2015Close104.813May 21, 2015Close100.281Jun 15, 2015Close98.219Jul 8, 2015Close100.094Jul 30, 2015Close101.031Aug 21, 2015Close105.219Sep 15, 2015Close99.156Oct 7, 2015Close102.469Oct 30, 2015Close102.188Nov 24, 2015Close100.625Dec 17, 2015Close102.156Jan 12, 2016Close103.188Feb 4, 2016Close107.031Feb 29, 2016Close109.031Mar 22, 2016Close106.656Apr 14, 2016Close108.906May 6, 2016Close108.781May 31, 2016Close108.281Jun 22, 2016Close111.375Jul 15, 2016Close115.406Aug 8, 2016Close115.281Aug 30, 2016Close116.156Sep 22, 2016Close113.781Oct 17, 2016Close110.188Nov 8, 2016Close108.063Dec 2, 2016Close99.125Dec 27, 2016Close97.563Jan 20, 2017Close99.500Feb 13, 2017Close99.781Mar 8, 2017Close97.688Mar 30, 2017Close99.719Apr 24, 2017Close101.719May 16, 2017Close100.625Jun 8, 2017Close103.375Jun 30, 2017Close103.531Jul 25, 2017Close102.406Aug 16, 2017Close104.375Sep 8, 2017Close107.063Oct 2, 2017Close103.219Oct 25, 2017Close101.906Nov 16, 2017Close104.125Dec 11, 2017Close104.813Jan 4, 2018Close104.469Jan 29, 2018Close101.688Feb 21, 2018Close96.844Mar 15, 2018Close99.688Apr 9, 2018Close100.406May 1, 2018Close98.313May 23, 2018Close97.500Jun 15, 2018Close99.469Jul 10, 2018Close100.781Aug 1, 2018Close98.031Aug 23, 2018Close100.781Sep 17, 2018Close97.969Oct 10, 2018Close93.750Nov 1, 2018Close94.031Nov 27, 2018Close95.000Dec 20, 2018Close99.938Jan 15, 2019Close99.188Feb 7, 2019Close100.688Mar 4, 2019Close99.000Mar 26, 2019Close103.344Apr 17, 2019Close101.063May 10, 2019Close102.969Jun 4, 2019Close107.906Jun 26, 2019Close108.781Jul 19, 2019Close108.750Aug 12, 2019Close117.188Sep 4, 2019Close120.281Sep 26, 2019Close116.469Oct 21, 2019Close113.688Nov 13, 2019Close111.781Dec 6, 2019Close113.188Dec 31, 2019Close111.281Jan 24, 2020Close115.750Feb 18, 2020Close118.844Mar 11, 2020Close132.000Apr 2, 2020Close135.719Apr 27, 2020Close135.250May 19, 2020Close132.469Jun 11, 2020Close133.094Jul 6, 2020Close132.469Jul 28, 2020Close137.406Aug 19, 2020Close133.375Sep 11, 2020Close133.688Oct 5, 2020Close130.531Oct 28, 2020Close130.813Nov 20, 2020Close131.125Dec 15, 2020Close128.531Jan 8, 2021Close123.844Feb 2, 2021Close123.563Feb 25, 2021Close113.469Mar 19, 2021Close110.813Apr 12, 2021Close113.000May 4, 2021Close114.469May 26, 2021Close113.969Jun 18, 2021Close117.813Jul 13, 2021Close117.750Aug 4, 2021Close121.938Aug 26, 2021Close119.750Sep 20, 2021Close121.375Oct 13, 2021Close117.344Nov 4, 2021Close117.781Nov 30, 2021Close119.969Dec 22, 2021Close119.344Jan 14, 2022Close113.750Feb 8, 2022Close111.313Mar 3, 2022Close110.656Mar 25, 2022Close103.656Apr 19, 2022Close96.906May 11, 2022Close95.938Jun 3, 2022Close94.781Jun 28, 2022Close91.750Jul 21, 2022Close94.875Aug 12, 2022Close94.813Sep 6, 2022Close89.313Sep 28, 2022Close86.063Oct 21, 2022Close79.375Nov 15, 2022Close83.594Dec 8, 2022Close89.469Jan 3, 2023Close85.344Jan 26, 2023Close89.406Feb 17, 2023Close85.969Mar 14, 2023Close87.531Apr 5, 2023Close90.656Apr 27, 2023Close88.094May 19, 2023Close85.688Jun 13, 2023Close85.094Jul 7, 2023Close83.438Jul 31, 2023Close84.031Aug 22, 2023Close79.625Sep 14, 2023Close80.031Oct 6, 2023Close74.156Oct 31, 2023Close73.563Nov 22, 2023Close78.344Dec 15, 2023Close84.594Jan 10, 2024Close82.969Feb 2, 2024Close83.125Feb 27, 2024Close80.219Mar 20, 2024Close80.781Apr 11, 2024Close78.375May 3, 2024Close78.750May 28, 2024Close78.750Jun 20, 2024Close81.688Jul 15, 2024Close81.188Aug 6, 2024Close84.531Aug 28, 2024Close85.000Sep 20, 2024Close86.375Oct 15, 2024Close83.656Nov 6, 2024Close79.781Dec 2, 2024Close82.469Dec 24, 2024Close78.500Jan 17, 2025Close77.781Feb 11, 2025Close79.250Mar 6, 2025Close80.906Mar 28, 2025Close80.906Apr 21, 2025Close77.719May 13, 2025Close77.500Jun 5, 2025Close78.469Jun 30, 2025Close79.875Jul 23, 2025Close78.313Aug 14, 2025Close79.313Sep 8, 2025Close81.469Sep 30, 2025Close81.094Oct 23, 2025Close82.656Nov 17, 2025Close81.188Dec 10, 2025Close80.750Jan 5, 2026Close80.563Jan 28, 2026Close80.406Feb 20, 2026Close82.000Mar 16, 2026Close80.313Apr 7, 2026Close79.719Apr 29, 2026Close79.063May 21, 2026Close77.875Jun 15, 2026Close79.219Jul 9, 2026Close78.406Jul 31, 2026Close76.375Aug 24, 2026Close77.188Sep 16, 2026Close75.531Oct 8, 2026Close73.375Oct 20, 2026Close74.875
The most recent 20 trading days of prices for 912810QW1.
DateBidOfferClose
Oct 20, 202674.92274.87574.875
Oct 19, 202674.59474.53174.406
Oct 16, 202675.06375.00074.906
Oct 15, 202674.87574.78174.781
Oct 14, 202673.62573.56374.000
Oct 13, 202673.75073.68873.750
Oct 9, 202673.29773.21973.344
Oct 8, 202672.93872.84473.375
Oct 7, 202672.73472.65672.813
Oct 6, 202673.20373.12573.063
Oct 5, 202672.76672.68872.781
Oct 2, 202673.34473.28173.094
Oct 1, 202673.20373.12573.375
Sep 30, 202673.26673.18873.063
Sep 29, 202673.23473.15673.406
Sep 28, 202673.54773.46973.625
Sep 25, 202673.93873.87574.188
Sep 24, 202674.57874.50074.250
Sep 23, 202675.29775.21974.938
Sep 22, 202676.15676.09476.156

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.

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 912810QW1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 10, 2012May 15, 2012New issue$16.0bn$17.0bn2.73x3.090%
Jun 14, 2012Jun 15, 2012Reopening$13.0bn$13.9bn2.40x2.720%
Jul 12, 2012Jul 16, 2012Reopening$13.0bn$13.0bn2.70x2.580%

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.