Treasury bond

912810RD2 · 3.75% due November 15, 2043

Original term
30-Year
Maturity
Nov 15, 2043
Coupon
3.750%
Pays
Semi-Annual
Dated
Nov 15, 2013
First coupon
May 15, 2014
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$41.99bn
Held stripped
$2.36bn
Share stripped
5.61%

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
5.373%
Modified duration
11.784 yr
DV01
0.0980
Convexity
179.457
Dirty price
83.150

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 12.004 years against a modified duration of 11.784.

Against the fitted curve

Priced 2.9 bp cheap to the curve on that day, 28.48 cents per 100 of face.

That is -0.60 standard deviations from its own typical residual.

Yield to maturity, 3,205 observations

1%2%3%4%5%6%Nov 15, 2013Sep 10, 2026Nov 15, 2013Yield to maturity3.797%Mar 5, 2014Yield to maturity3.634%Jun 18, 2014Yield to maturity3.410%Oct 2, 2014Yield to maturity3.132%Jan 22, 2015Yield to maturity2.431%May 6, 2015Yield to maturity2.953%Aug 19, 2015Yield to maturity2.766%Dec 4, 2015Yield to maturity2.951%Mar 22, 2016Yield to maturity2.623%Jul 6, 2016Yield to maturity2.040%Oct 19, 2016Yield to maturity2.436%Feb 6, 2017Yield to maturity3.010%May 22, 2017Yield to maturity2.874%Sep 5, 2017Yield to maturity2.636%Dec 19, 2017Yield to maturity2.796%Apr 6, 2018Yield to maturity2.995%Jul 20, 2018Yield to maturity3.029%Nov 2, 2018Yield to maturity3.455%Feb 22, 2019Yield to maturity2.996%Jun 7, 2019Yield to maturity2.529%Sep 20, 2019Yield to maturity2.131%Jan 8, 2020Yield to maturity2.336%Apr 23, 2020Yield to maturity1.143%Aug 6, 2020Yield to maturity1.086%Nov 20, 2020Yield to maturity1.372%Mar 10, 2021Yield to maturity2.150%Jun 22, 2021Yield to maturity2.044%Oct 5, 2021Yield to maturity2.040%Jan 21, 2022Yield to maturity2.124%May 6, 2022Yield to maturity3.476%Aug 22, 2022Yield to maturity3.537%Dec 7, 2022Yield to maturity3.720%Mar 24, 2023Yield to maturity3.814%Jul 10, 2023Yield to maturity4.285%Oct 23, 2023Yield to maturity5.238%Feb 7, 2024Yield to maturity4.446%May 21, 2024Yield to maturity4.681%Sep 5, 2024Yield to maturity4.137%Dec 20, 2024Yield to maturity4.832%Apr 8, 2025Yield to maturity4.771%Jul 23, 2025Yield to maturity4.947%Nov 5, 2025Yield to maturity4.709%Feb 24, 2026Yield to maturity4.610%Jun 8, 2026Yield to maturity5.030%Sep 10, 2026Yield to maturity5.373%

Price history

3,205 trading days to Sep 10, 2026

80100120140160Nov 15, 2013Sep 10, 2026Nov 15, 2013Close99.156Mar 5, 2014Close102.094Jun 18, 2014Close106.281Oct 2, 2014Close111.750Jan 22, 2015Close127.219May 6, 2015Close115.281Aug 19, 2015Close119.188Dec 4, 2015Close115.125Mar 22, 2016Close122.063Jul 6, 2016Close135.719Oct 19, 2016Close125.938Feb 6, 2017Close113.531May 22, 2017Close116.156Sep 5, 2017Close120.969Dec 19, 2017Close117.500Apr 6, 2018Close113.438Jul 20, 2018Close112.688Nov 2, 2018Close104.906Feb 22, 2019Close113.094Jun 7, 2019Close122.156Sep 20, 2019Close130.438Jan 8, 2020Close125.750Apr 23, 2020Close153.719Aug 6, 2020Close154.656Nov 20, 2020Close146.719Mar 10, 2021Close128.594Jun 22, 2021Close130.531Oct 5, 2021Close130.313Jan 21, 2022Close128.250May 6, 2022Close104.125Aug 22, 2022Close103.156Dec 7, 2022Close100.438Mar 24, 2023Close99.094Jul 10, 2023Close92.781Oct 23, 2023Close81.656Feb 7, 2024Close90.906May 21, 2024Close88.188Sep 5, 2024Close94.906Dec 20, 2024Close86.688Apr 8, 2025Close87.500Jul 23, 2025Close85.688Nov 5, 2025Close88.438Feb 24, 2026Close89.656Jun 8, 2026Close85.250Sep 10, 2026Close81.938
The most recent 20 trading days of prices for 912810RD2.
DateBidOfferClose
Sep 10, 202682.37582.34481.938
Sep 9, 202682.87582.81383.094
Sep 8, 202683.50083.46983.313
Sep 4, 202683.51683.46983.438
Sep 3, 202683.62583.59483.438
Sep 2, 202683.15683.12583.188
Sep 1, 202683.50083.46983.156
Aug 31, 202683.37583.34483.469
Aug 28, 202684.09484.06383.750
Aug 27, 202684.25084.21984.063
Aug 26, 202684.21984.18884.156
Aug 25, 202684.31384.28184.344
Aug 24, 202683.89183.84483.719
Aug 21, 202683.37583.34483.250
Aug 20, 202683.56383.53183.719
Aug 19, 202683.98483.93884.094
Aug 18, 202682.96982.93883.063
Aug 17, 202683.09483.06382.813
Aug 14, 202683.28183.25083.313
Aug 13, 202683.79783.75083.813

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 912810RD2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 14, 2013Nov 15, 2013New issue$16.0bn$16.0bn2.16x3.810%
Dec 12, 2013Dec 16, 2013Reopening$13.0bn$13.0bn2.35x3.900%
Jan 9, 2014Jan 15, 2014Reopening$13.0bn$13.0bn2.57x3.899%

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.