Treasury bond

912810QY7 · 2.75% due November 15, 2042

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

Statement of August 31, 2026

Amount outstanding
$41.94bn
Held stripped
$2.90bn
Share stripped
6.92%

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
5.345%
Modified duration
12.031 yr
DV01
0.0878
Convexity
178.654
Dirty price
73.014

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 12.278 years against a modified duration of 12.031.

Against the fitted curve

Priced 1.4 bp cheap to the curve on that day, 12.70 cents per 100 of face.

That is -1.25 standard deviations from its own typical residual.

Yield to maturity, 3,455 observations

1%2%3%4%5%6%Nov 15, 2012Sep 10, 2026Nov 15, 2012Yield to maturity2.716%Mar 13, 2013Yield to maturity3.234%Jul 5, 2013Yield to maturity3.691%Oct 28, 2013Yield to maturity3.646%Feb 24, 2014Yield to maturity3.726%Jun 17, 2014Yield to maturity3.441%Oct 9, 2014Yield to maturity3.070%Feb 6, 2015Yield to maturity2.516%Jun 1, 2015Yield to maturity2.974%Sep 22, 2015Yield to maturity2.959%Jan 19, 2016Yield to maturity2.796%May 11, 2016Yield to maturity2.531%Sep 1, 2016Yield to maturity2.196%Dec 28, 2016Yield to maturity3.101%Apr 24, 2017Yield to maturity2.923%Aug 15, 2017Yield to maturity2.802%Dec 7, 2017Yield to maturity2.736%Apr 4, 2018Yield to maturity3.012%Jul 26, 2018Yield to maturity3.101%Nov 19, 2018Yield to maturity3.316%Mar 18, 2019Yield to maturity2.981%Jul 10, 2019Yield to maturity2.520%Oct 31, 2019Yield to maturity2.144%Feb 27, 2020Yield to maturity1.754%Jun 19, 2020Yield to maturity1.358%Oct 13, 2020Yield to maturity1.343%Feb 8, 2021Yield to maturity1.797%Jun 1, 2021Yield to maturity2.236%Sep 22, 2021Yield to maturity1.778%Jan 18, 2022Yield to maturity2.248%May 11, 2022Yield to maturity3.309%Sep 2, 2022Yield to maturity3.688%Dec 29, 2022Yield to maturity4.170%Apr 24, 2023Yield to maturity3.899%Aug 16, 2023Yield to maturity4.583%Dec 8, 2023Yield to maturity4.548%Apr 3, 2024Yield to maturity4.647%Jul 26, 2024Yield to maturity4.552%Nov 19, 2024Yield to maturity4.688%Mar 17, 2025Yield to maturity4.647%Jul 9, 2025Yield to maturity4.881%Oct 30, 2025Yield to maturity4.618%Feb 26, 2026Yield to maturity4.562%Jun 18, 2026Yield to maturity4.879%Sep 10, 2026Yield to maturity5.345%

Price history

3,455 trading days to Sep 10, 2026

6080100120140Nov 15, 2012Sep 10, 2026Nov 15, 2012Close100.688Mar 13, 2013Close90.813Jul 5, 2013Close83.219Oct 28, 2013Close84.031Feb 24, 2014Close82.875Jun 17, 2014Close87.531Oct 9, 2014Close94.000Feb 6, 2015Close104.656Jun 1, 2015Close95.813Sep 22, 2015Close96.125Jan 19, 2016Close99.125May 11, 2016Close104.219Sep 1, 2016Close111.000Dec 28, 2016Close93.781Apr 24, 2017Close96.906Aug 15, 2017Close99.063Dec 7, 2017Close100.250Apr 4, 2018Close95.469Jul 26, 2018Close94.031Nov 19, 2018Close90.688Mar 18, 2019Close96.094Jul 10, 2019Close104.031Oct 31, 2019Close110.969Feb 27, 2020Close118.594Jun 19, 2020Close126.813Oct 13, 2020Close126.813Feb 8, 2021Close117.094Jun 1, 2021Close108.719Sep 22, 2021Close117.063Jan 18, 2022Close108.313May 11, 2022Close91.719Sep 2, 2022Close86.719Dec 29, 2022Close80.938Apr 24, 2023Close84.375Aug 16, 2023Close76.719Dec 8, 2023Close77.344Apr 3, 2024Close76.531Jul 26, 2024Close77.781Nov 19, 2024Close76.625Mar 17, 2025Close77.313Jul 9, 2025Close75.250Oct 30, 2025Close78.125Feb 26, 2026Close78.969Jun 18, 2026Close76.156Sep 10, 2026Close72.125
The most recent 20 trading days of prices for 912810QY7.
DateBidOfferClose
Sep 10, 202672.53172.46972.125
Sep 9, 202672.96972.90673.156
Sep 8, 202673.51673.46973.313
Sep 4, 202673.54773.50073.438
Sep 3, 202673.64173.59473.438
Sep 2, 202673.21973.15673.188
Sep 1, 202673.48473.43873.156
Aug 31, 202673.39173.34473.438
Aug 28, 202674.03173.96973.719
Aug 27, 202674.17274.12573.969
Aug 26, 202674.14174.09474.094
Aug 25, 202674.21974.15674.219
Aug 24, 202673.85973.81373.688
Aug 21, 202673.37573.31373.250
Aug 20, 202673.54773.50073.688
Aug 19, 202673.89173.84474.000
Aug 18, 202673.01672.96973.094
Aug 17, 202673.12573.06372.844
Aug 14, 202673.28173.21973.281
Aug 13, 202673.73473.68873.719

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 912810QY7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 8, 2012Nov 15, 2012New issue$16.0bn$16.0bn2.77x2.820%
Dec 13, 2012Dec 17, 2012Reopening$13.0bn$13.0bn2.50x2.917%
Jan 10, 2013Jan 15, 2013Reopening$13.0bn$13.0bn2.77x3.070%

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.