Treasury bond

912810QX9 · 2.75% due August 15, 2042

Original term
30-Year
Maturity
Aug 15, 2042
Coupon
2.750%
Pays
Semi-Annual
Dated
Aug 15, 2012
First coupon
Feb 15, 2013
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$41.80bn
Held stripped
$1.44bn
Share stripped
3.44%

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, September 10, 2026

Yield to maturity
5.331%
Modified duration
12.017 yr
DV01
0.0874
Convexity
176.119
Dirty price
72.733

Where its rate sensitivity sits

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 12.266 years against a modified duration of 12.017.

Against the fitted curve

Priced 1.0 bp cheap to the curve on that day, 8.91 cents per 100 of face.

That is -1.55 standard deviations from its own typical residual.

Yield to maturity, 3,517 observations

1%2%3%4%5%6%Aug 15, 2012Sep 10, 2026Aug 15, 2012Yield to maturity2.904%Dec 12, 2012Yield to maturity2.890%Apr 10, 2013Yield to maturity3.019%Aug 2, 2013Yield to maturity3.694%Nov 27, 2013Yield to maturity3.839%Mar 26, 2014Yield to maturity3.566%Jul 21, 2014Yield to maturity3.259%Nov 14, 2014Yield to maturity3.052%Mar 16, 2015Yield to maturity2.671%Jul 8, 2015Yield to maturity3.013%Oct 30, 2015Yield to maturity2.910%Feb 29, 2016Yield to maturity2.559%Jun 22, 2016Yield to maturity2.429%Oct 17, 2016Yield to maturity2.477%Feb 13, 2017Yield to maturity3.027%Jun 8, 2017Yield to maturity2.823%Oct 2, 2017Yield to maturity2.829%Jan 29, 2018Yield to maturity2.913%May 23, 2018Yield to maturity3.152%Sep 17, 2018Yield to maturity3.127%Jan 15, 2019Yield to maturity3.060%May 10, 2019Yield to maturity2.837%Sep 4, 2019Yield to maturity1.908%Dec 31, 2019Yield to maturity2.360%Apr 27, 2020Yield to maturity1.205%Aug 19, 2020Yield to maturity1.260%Dec 15, 2020Yield to maturity1.460%Apr 12, 2021Yield to maturity2.243%Aug 4, 2021Yield to maturity1.753%Nov 30, 2021Yield to maturity1.846%Mar 25, 2022Yield to maturity2.786%Jul 21, 2022Yield to maturity3.394%Nov 15, 2022Yield to maturity4.276%Mar 14, 2023Yield to maturity3.957%Jul 7, 2023Yield to maturity4.301%Oct 31, 2023Yield to maturity5.252%Feb 27, 2024Yield to maturity4.617%Jun 20, 2024Yield to maturity4.513%Oct 15, 2024Yield to maturity4.362%Feb 11, 2025Yield to maturity4.800%Jun 5, 2025Yield to maturity4.899%Sep 30, 2025Yield to maturity4.667%Jan 28, 2026Yield to maturity4.767%May 21, 2026Yield to maturity5.053%Sep 10, 2026Yield to maturity5.331%

Price history

3,517 trading days to Sep 10, 2026

6080100120140Aug 15, 2012Sep 10, 2026Aug 15, 2012Close96.938Dec 12, 2012Close97.219Apr 10, 2013Close94.781Aug 2, 2013Close83.281Nov 27, 2013Close81.156Mar 26, 2014Close85.500Jul 21, 2014Close90.688Nov 14, 2014Close94.375Mar 16, 2015Close101.531Jul 8, 2015Close95.156Oct 30, 2015Close97.031Feb 29, 2016Close103.656Jun 22, 2016Close106.188Oct 17, 2016Close105.188Feb 13, 2017Close95.094Jun 8, 2017Close98.688Oct 2, 2017Close98.594Jan 29, 2018Close97.156May 23, 2018Close93.219Sep 17, 2018Close93.688Jan 15, 2019Close94.813May 10, 2019Close98.531Sep 4, 2019Close115.594Dec 31, 2019Close106.813Apr 27, 2020Close130.125Aug 19, 2020Close128.531Dec 15, 2020Close123.875Apr 12, 2021Close108.563Aug 4, 2021Close117.469Nov 30, 2021Close115.500Mar 25, 2022Close99.438Jul 21, 2022Close90.688Nov 15, 2022Close79.781Mar 14, 2023Close83.750Jul 7, 2023Close79.938Oct 31, 2023Close70.344Feb 27, 2024Close76.969Jun 20, 2024Close78.313Oct 15, 2024Close80.156Feb 11, 2025Close75.906Jun 5, 2025Close75.219Sep 30, 2025Close77.781Jan 28, 2026Close77.094May 21, 2026Close74.688Sep 10, 2026Close72.531
The most recent 20 trading days of prices for 912810QX9.
DateBidOfferClose
Sep 10, 202672.93872.87572.531
Sep 9, 202673.35973.28173.531
Sep 8, 202673.90673.84473.719
Sep 4, 202673.93873.87573.844
Sep 3, 202674.03173.96973.844
Sep 2, 202673.60973.56373.594
Sep 1, 202673.87573.81373.563
Aug 31, 202673.79773.75073.844
Aug 28, 202674.42274.34474.094
Aug 27, 202674.57874.53174.406
Aug 26, 202674.54774.50074.469
Aug 25, 202674.60974.56374.594
Aug 24, 202674.25074.18874.063
Aug 21, 202673.78173.71973.656
Aug 20, 202673.96973.90674.063
Aug 19, 202674.29774.21974.406
Aug 18, 202673.42273.37573.500
Aug 17, 202673.53173.46973.250
Aug 14, 202673.70373.65673.688
Aug 13, 202674.15674.09474.125

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 912810QX9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 9, 2012Aug 15, 2012New issue$16.0bn$16.0bn2.41x2.825%
Sep 13, 2012Sep 17, 2012Reopening$13.0bn$13.0bn2.68x2.896%
Oct 11, 2012Oct 15, 2012Reopening$13.0bn$13.0bn2.49x2.904%

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.