Treasury bond

912810RJ9 · 3% due November 15, 2044

Original term
30-Year
Maturity
Nov 15, 2044
Coupon
3.000%
Pays
Semi-Annual
Dated
Nov 15, 2014
First coupon
May 15, 2015
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$41.47bn
Held stripped
$3.53bn
Share stripped
8.51%

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
5.415%
Modified duration
12.759 yr
DV01
0.0935
Convexity
207.535
Dirty price
73.251

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 12.995 years against a modified duration of 12.759.

Against the fitted curve

Priced 2.2 bp cheap to the curve on that day, 20.75 cents per 100 of face.

That is -0.54 standard deviations from its own typical residual.

Yield to maturity, 2,956 observations

1%2%3%4%5%6%Nov 17, 2014Sep 10, 2026Nov 17, 2014Yield to maturity3.059%Feb 27, 2015Yield to maturity2.592%Jun 4, 2015Yield to maturity3.040%Sep 10, 2015Yield to maturity3.000%Dec 18, 2015Yield to maturity2.905%Mar 30, 2016Yield to maturity2.635%Jul 6, 2016Yield to maturity2.126%Oct 12, 2016Yield to maturity2.492%Jan 23, 2017Yield to maturity2.988%May 1, 2017Yield to maturity3.000%Aug 7, 2017Yield to maturity2.822%Nov 13, 2017Yield to maturity2.847%Feb 22, 2018Yield to maturity3.203%May 31, 2018Yield to maturity2.990%Sep 6, 2018Yield to maturity3.056%Dec 17, 2018Yield to maturity3.106%Mar 27, 2019Yield to maturity2.802%Jul 3, 2019Yield to maturity2.442%Oct 9, 2019Yield to maturity2.054%Jan 21, 2020Yield to maturity2.246%Apr 28, 2020Yield to maturity1.200%Aug 4, 2020Yield to maturity1.121%Nov 10, 2020Yield to maturity1.623%Feb 22, 2021Yield to maturity2.095%May 27, 2021Yield to maturity2.251%Sep 2, 2021Yield to maturity1.861%Dec 13, 2021Yield to maturity1.868%Mar 22, 2022Yield to maturity2.754%Jun 29, 2022Yield to maturity3.528%Oct 5, 2022Yield to maturity4.132%Jan 17, 2023Yield to maturity3.859%Apr 24, 2023Yield to maturity3.909%Aug 1, 2023Yield to maturity4.345%Nov 7, 2023Yield to maturity4.963%Feb 15, 2024Yield to maturity4.581%May 22, 2024Yield to maturity4.688%Aug 29, 2024Yield to maturity4.294%Dec 9, 2024Yield to maturity4.538%Mar 19, 2025Yield to maturity4.654%Jun 25, 2025Yield to maturity4.896%Oct 1, 2025Yield to maturity4.725%Jan 12, 2026Yield to maturity4.815%Apr 20, 2026Yield to maturity4.876%Jul 28, 2026Yield to maturity5.140%Sep 10, 2026Yield to maturity5.415%

Price history

2,956 trading days to Sep 10, 2026

6080100120140160Nov 17, 2014Sep 10, 2026Nov 17, 2014Close98.844Feb 27, 2015Close108.406Jun 4, 2015Close99.219Sep 10, 2015Close100.000Dec 18, 2015Close101.844Mar 30, 2016Close107.313Jul 6, 2016Close118.531Oct 12, 2016Close110.219Jan 23, 2017Close100.219May 1, 2017Close100.000Aug 7, 2017Close103.375Nov 13, 2017Close102.875Feb 22, 2018Close96.375May 31, 2018Close100.188Sep 6, 2018Close99.000Dec 17, 2018Close98.125Mar 27, 2019Close103.594Jul 3, 2019Close110.500Oct 9, 2019Close118.469Jan 21, 2020Close114.281Apr 28, 2020Close138.156Aug 4, 2020Close139.844Nov 10, 2020Close127.281Feb 22, 2021Close116.844May 27, 2021Close113.594Sep 2, 2021Close121.375Dec 13, 2021Close121.031Mar 22, 2022Close104.125Jun 29, 2022Close91.875Oct 5, 2022Close83.688Jan 17, 2023Close87.406Apr 24, 2023Close86.844Aug 1, 2023Close81.438Nov 7, 2023Close74.563Feb 15, 2024Close78.969May 22, 2024Close77.938Aug 29, 2024Close82.625Dec 9, 2024Close79.969Mar 19, 2025Close78.844Jun 25, 2025Close76.438Oct 1, 2025Close78.438Jan 12, 2026Close77.688Apr 20, 2026Close77.250Jul 28, 2026Close74.813Sep 10, 2026Close72.281
The most recent 20 trading days of prices for 912810RJ9.
DateBidOfferClose
Sep 10, 202672.68872.65672.281
Sep 9, 202673.14173.09473.344
Sep 8, 202673.71973.68873.531
Sep 4, 202673.75073.71973.656
Sep 3, 202673.84473.81373.656
Sep 2, 202673.40673.37573.406
Sep 1, 202673.68873.65673.375
Aug 31, 202673.56373.53173.656
Aug 28, 202674.28174.25073.938
Aug 27, 202674.40674.37574.188
Aug 26, 202674.37574.34474.313
Aug 25, 202674.43874.40674.469
Aug 24, 202674.06374.03173.875
Aug 21, 202673.56373.53173.469
Aug 20, 202673.71973.68873.875
Aug 19, 202674.12574.09474.219
Aug 18, 202673.12573.09473.219
Aug 17, 202673.25073.21972.969
Aug 14, 202673.43873.40673.469
Aug 13, 202673.92273.87573.938

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 912810RJ9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 13, 2014Nov 17, 2014New issue$16.0bn$16.0bn2.29x3.092%
Dec 11, 2014Dec 15, 2014Reopening$13.0bn$13.0bn2.76x2.848%
Jan 14, 2015Jan 15, 2015Reopening$13.0bn$13.0bn2.32x2.430%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.