Treasury bond

912810RP5 · 3% due November 15, 2045

Original term
30-Year
Maturity
Nov 15, 2045
Coupon
3.000%
Pays
Semi-Annual
Dated
Nov 15, 2015
First coupon
May 15, 2016
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$41.79bn
Held stripped
$2.37bn
Share stripped
5.66%

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, November 9, 2026

Yield to maturity
5.329%
Modified duration
13.078 yr
DV01
0.0966
Convexity
2.21
Dirty price
73.834

Where its rate sensitivity sits

0.01
0.03
0.07
0.17
0.32
0.52
1.01
3.20
7.95
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 9 of twelve buckets, summing to 13.300 years against a modified duration of 13.078.

Against the fitted curve

Priced 0.9 bp cheap to the curve on that day, 8.93 cents per 100 of face.

That is -0.59 standard deviations from its own typical residual.

Yield to maturity, 2,746 observations

1%2%3%4%5%6%Nov 16, 2015Nov 9, 2026Nov 16, 2015Yield to maturity3.066%Dec 3, 2015Yield to maturity3.066%Dec 21, 2015Yield to maturity2.918%Jan 8, 2016Yield to maturity2.913%Jan 27, 2016Yield to maturity2.803%Feb 12, 2016Yield to maturity2.586%Mar 2, 2016Yield to maturity2.680%Mar 18, 2016Yield to maturity2.670%Apr 6, 2016Yield to maturity2.574%Apr 22, 2016Yield to maturity2.690%May 10, 2016Yield to maturity2.601%May 26, 2016Yield to maturity2.634%Jun 14, 2016Yield to maturity2.424%Jun 30, 2016Yield to maturity2.290%Jul 19, 2016Yield to maturity2.266%Aug 4, 2016Yield to maturity2.249%Aug 22, 2016Yield to maturity2.233%Sep 8, 2016Yield to maturity2.311%Sep 26, 2016Yield to maturity2.320%Oct 13, 2016Yield to maturity2.471%Oct 31, 2016Yield to maturity2.573%Nov 17, 2016Yield to maturity3.018%Dec 6, 2016Yield to maturity3.090%Dec 22, 2016Yield to maturity3.142%Jan 11, 2017Yield to maturity2.969%Jan 30, 2017Yield to maturity3.094%Feb 15, 2017Yield to maturity3.109%Mar 6, 2017Yield to maturity3.117%Mar 22, 2017Yield to maturity3.033%Apr 7, 2017Yield to maturity3.018%Apr 26, 2017Yield to maturity2.980%May 12, 2017Yield to maturity2.993%May 31, 2017Yield to maturity2.874%Jun 16, 2017Yield to maturity2.779%Jul 5, 2017Yield to maturity2.856%Jul 21, 2017Yield to maturity2.807%Aug 8, 2017Yield to maturity2.862%Aug 24, 2017Yield to maturity2.766%Sep 12, 2017Yield to maturity2.766%Sep 28, 2017Yield to maturity2.862%Oct 17, 2017Yield to maturity2.793%Nov 2, 2017Yield to maturity2.820%Nov 20, 2017Yield to maturity2.777%Dec 7, 2017Yield to maturity2.760%Dec 26, 2017Yield to maturity2.816%Jan 12, 2018Yield to maturity2.846%Jan 31, 2018Yield to maturity2.937%Feb 16, 2018Yield to maturity3.129%Mar 7, 2018Yield to maturity3.155%Mar 23, 2018Yield to maturity3.062%Apr 11, 2018Yield to maturity2.990%Apr 27, 2018Yield to maturity3.122%May 15, 2018Yield to maturity3.199%Jun 1, 2018Yield to maturity3.039%Jun 19, 2018Yield to maturity3.022%Jul 6, 2018Yield to maturity2.935%Jul 24, 2018Yield to maturity3.080%Aug 9, 2018Yield to maturity3.073%Aug 27, 2018Yield to maturity2.993%Sep 13, 2018Yield to maturity3.106%Oct 1, 2018Yield to maturity3.236%Oct 18, 2018Yield to maturity3.355%Nov 5, 2018Yield to maturity3.435%Nov 23, 2018Yield to maturity3.306%Dec 12, 2018Yield to maturity3.147%Dec 31, 2018Yield to maturity3.008%Jan 17, 2019Yield to maturity3.065%Feb 5, 2019Yield to maturity3.022%Feb 22, 2019Yield to maturity3.005%Mar 12, 2019Yield to maturity2.983%Mar 28, 2019Yield to maturity2.788%Apr 15, 2019Yield to maturity2.940%May 2, 2019Yield to maturity2.920%May 20, 2019Yield to maturity2.812%Jun 6, 2019Yield to maturity2.603%Jun 24, 2019Yield to maturity2.529%Jul 11, 2019Yield to maturity2.617%Jul 29, 2019Yield to maturity2.566%Aug 14, 2019Yield to maturity2.004%Aug 30, 2019Yield to maturity1.940%Sep 18, 2019Yield to maturity2.227%Oct 4, 2019Yield to maturity1.985%Oct 23, 2019Yield to maturity2.234%Nov 8, 2019Yield to maturity2.418%Nov 27, 2019Yield to maturity2.186%Dec 16, 2019Yield to maturity2.298%Jan 3, 2020Yield to maturity2.251%Jan 22, 2020Yield to maturity2.222%Feb 7, 2020Yield to maturity2.051%Feb 26, 2020Yield to maturity1.821%Mar 13, 2020Yield to maturity1.587%Mar 31, 2020Yield to maturity1.346%Apr 17, 2020Yield to maturity1.242%May 5, 2020Yield to maturity1.302%May 21, 2020Yield to maturity1.347%Jun 9, 2020Yield to maturity1.545%Jun 25, 2020Yield to maturity1.382%Jul 14, 2020Yield to maturity1.265%Jul 30, 2020Yield to maturity1.150%Aug 17, 2020Yield to maturity1.376%Sep 2, 2020Yield to maturity1.313%Sep 21, 2020Yield to maturity1.352%Oct 7, 2020Yield to maturity1.513%Oct 26, 2020Yield to maturity1.493%Nov 12, 2020Yield to maturity1.529%Dec 1, 2020Yield to maturity1.562%Dec 17, 2020Yield to maturity1.574%Jan 6, 2021Yield to maturity1.698%Jan 25, 2021Yield to maturity1.696%Feb 10, 2021Yield to maturity1.829%Mar 1, 2021Yield to maturity2.183%Mar 17, 2021Yield to maturity2.382%Apr 2, 2021Yield to maturity2.323%Apr 20, 2021Yield to maturity2.218%May 6, 2021Yield to maturity2.199%May 24, 2021Yield to maturity2.273%Jun 10, 2021Yield to maturity2.112%Jun 28, 2021Yield to maturity2.080%Jul 15, 2021Yield to maturity1.895%Aug 2, 2021Yield to maturity1.825%Aug 18, 2021Yield to maturity1.866%Sep 3, 2021Yield to maturity1.903%Sep 22, 2021Yield to maturity1.806%Oct 8, 2021Yield to maturity2.143%Oct 27, 2021Yield to maturity1.938%Nov 15, 2021Yield to maturity2.036%Dec 2, 2021Yield to maturity1.815%Dec 20, 2021Yield to maturity1.892%Jan 6, 2022Yield to maturity2.123%Jan 25, 2022Yield to maturity2.176%Feb 10, 2022Yield to maturity2.394%Mar 1, 2022Yield to maturity2.239%Mar 17, 2022Yield to maturity2.636%Apr 4, 2022Yield to maturity2.649%Apr 21, 2022Yield to maturity3.134%May 9, 2022Yield to maturity3.430%May 25, 2022Yield to maturity3.200%Jun 13, 2022Yield to maturity3.698%Jun 30, 2022Yield to maturity3.412%Jul 19, 2022Yield to maturity3.459%Aug 4, 2022Yield to maturity3.238%Aug 22, 2022Yield to maturity3.565%Sep 8, 2022Yield to maturity3.768%Sep 26, 2022Yield to maturity4.044%Oct 13, 2022Yield to maturity4.307%Oct 31, 2022Yield to maturity4.520%Nov 17, 2022Yield to maturity4.203%Dec 6, 2022Yield to maturity3.819%Dec 22, 2022Yield to maturity3.968%Jan 11, 2023Yield to maturity3.886%Jan 30, 2023Yield to maturity3.831%Feb 15, 2023Yield to maturity4.025%Mar 6, 2023Yield to maturity4.163%Mar 22, 2023Yield to maturity3.892%Apr 7, 2023Yield to maturity3.787%Apr 25, 2023Yield to maturity3.826%May 11, 2023Yield to maturity3.886%May 30, 2023Yield to maturity4.108%Jun 15, 2023Yield to maturity4.055%Jul 5, 2023Yield to maturity4.189%Jul 21, 2023Yield to maturity4.145%Aug 8, 2023Yield to maturity4.397%Aug 24, 2023Yield to maturity4.542%Sep 12, 2023Yield to maturity4.576%Sep 28, 2023Yield to maturity4.957%Oct 17, 2023Yield to maturity5.191%Nov 2, 2023Yield to maturity5.047%Nov 20, 2023Yield to maturity4.814%Dec 7, 2023Yield to maturity4.479%Dec 26, 2023Yield to maturity4.262%Jan 12, 2024Yield to maturity4.381%Jan 31, 2024Yield to maturity4.385%Feb 16, 2024Yield to maturity4.622%Mar 6, 2024Yield to maturity4.410%Mar 22, 2024Yield to maturity4.535%Apr 10, 2024Yield to maturity4.785%Apr 26, 2024Yield to maturity4.927%May 14, 2024Yield to maturity4.730%May 31, 2024Yield to maturity4.774%Jun 18, 2024Yield to maturity4.518%Jul 8, 2024Yield to maturity4.615%Jul 24, 2024Yield to maturity4.671%Aug 9, 2024Yield to maturity4.375%Aug 27, 2024Yield to maturity4.264%Sep 13, 2024Yield to maturity4.095%Oct 1, 2024Yield to maturity4.187%Oct 18, 2024Yield to maturity4.497%Nov 5, 2024Yield to maturity4.597%Nov 22, 2024Yield to maturity4.751%Dec 11, 2024Yield to maturity4.621%Dec 30, 2024Yield to maturity4.902%Jan 16, 2025Yield to maturity4.960%Feb 4, 2025Yield to maturity4.848%Feb 21, 2025Yield to maturity4.766%Mar 11, 2025Yield to maturity4.707%Mar 27, 2025Yield to maturity4.814%Apr 14, 2025Yield to maturity4.912%May 1, 2025Yield to maturity4.829%May 19, 2025Yield to maturity5.025%Jun 5, 2025Yield to maturity4.980%Jun 24, 2025Yield to maturity4.907%Jul 11, 2025Yield to maturity5.023%Jul 29, 2025Yield to maturity4.922%Aug 14, 2025Yield to maturity4.919%Sep 2, 2025Yield to maturity4.997%Sep 18, 2025Yield to maturity4.752%Oct 6, 2025Yield to maturity4.789%Oct 23, 2025Yield to maturity4.602%Nov 10, 2025Yield to maturity4.733%Nov 28, 2025Yield to maturity4.693%Dec 16, 2025Yield to maturity4.837%Jan 5, 2026Yield to maturity4.855%Jan 22, 2026Yield to maturity4.858%Feb 9, 2026Yield to maturity4.846%Feb 26, 2026Yield to maturity4.659%Mar 16, 2026Yield to maturity4.891%Apr 1, 2026Yield to maturity4.966%Apr 17, 2026Yield to maturity4.904%May 5, 2026Yield to maturity5.033%May 21, 2026Yield to maturity5.154%Jun 9, 2026Yield to maturity5.071%Jun 26, 2026Yield to maturity4.911%Jul 15, 2026Yield to maturity5.122%Jul 31, 2026Yield to maturity5.341%Aug 18, 2026Yield to maturity5.328%Sep 3, 2026Yield to maturity5.290%Sep 22, 2026Yield to maturity5.366%Oct 8, 2026Yield to maturity5.690%Oct 27, 2026Yield to maturity5.378%Nov 9, 2026Yield to maturity5.329%

Price history

2,746 trading days to Nov 9, 2026

6080100120140160Nov 16, 2015Nov 9, 2026Nov 16, 2015Close98.719Dec 3, 2015Close98.719Dec 21, 2015Close101.625Jan 8, 2016Close101.719Jan 27, 2016Close103.969Feb 12, 2016Close108.563Mar 2, 2016Close106.531Mar 18, 2016Close106.719Apr 6, 2016Close108.781Apr 22, 2016Close106.281May 10, 2016Close108.188May 26, 2016Close107.469Jun 14, 2016Close112.063Jun 30, 2016Close115.125Jul 19, 2016Close115.656Aug 4, 2016Close116.031Aug 22, 2016Close116.406Sep 8, 2016Close114.563Sep 26, 2016Close114.344Oct 13, 2016Close110.938Oct 31, 2016Close108.688Nov 17, 2016Close99.656Dec 6, 2016Close98.281Dec 22, 2016Close97.313Jan 11, 2017Close100.594Jan 30, 2017Close98.219Feb 15, 2017Close97.938Mar 6, 2017Close97.781Mar 22, 2017Close99.375Apr 7, 2017Close99.656Apr 26, 2017Close100.375May 12, 2017Close100.125May 31, 2017Close102.438Jun 16, 2017Close104.313Jul 5, 2017Close102.781Jul 21, 2017Close103.750Aug 8, 2017Close102.656Aug 24, 2017Close104.563Sep 12, 2017Close104.563Sep 28, 2017Close102.656Oct 17, 2017Close104.000Nov 2, 2017Close103.469Nov 20, 2017Close104.313Dec 7, 2017Close104.656Dec 26, 2017Close103.531Jan 12, 2018Close102.938Jan 31, 2018Close101.188Feb 16, 2018Close97.625Mar 7, 2018Close97.156Mar 23, 2018Close98.844Apr 11, 2018Close100.188Apr 27, 2018Close97.750May 15, 2018Close96.375Jun 1, 2018Close99.281Jun 19, 2018Close99.594Jul 6, 2018Close101.219Jul 24, 2018Close98.531Aug 9, 2018Close98.656Aug 27, 2018Close100.125Sep 13, 2018Close98.063Oct 1, 2018Close95.750Oct 18, 2018Close93.719Nov 5, 2018Close92.375Nov 23, 2018Close94.563Dec 12, 2018Close97.344Dec 31, 2018Close99.844Jan 17, 2019Close98.813Feb 5, 2019Close99.594Feb 22, 2019Close99.906Mar 12, 2019Close100.313Mar 28, 2019Close103.969Apr 15, 2019Close101.094May 2, 2019Close101.469May 20, 2019Close103.500Jun 6, 2019Close107.563Jun 24, 2019Close109.031Jul 11, 2019Close107.250Jul 29, 2019Close108.250Aug 14, 2019Close120.250Aug 30, 2019Close121.688Sep 18, 2019Close115.250Oct 4, 2019Close120.594Oct 23, 2019Close115.063Nov 8, 2019Close111.188Nov 27, 2019Close116.063Dec 16, 2019Close113.656Jan 3, 2020Close114.625Jan 22, 2020Close115.219Feb 7, 2020Close118.906Feb 26, 2020Close124.125Mar 13, 2020Close129.688Mar 31, 2020Close135.750Apr 17, 2020Close138.406May 5, 2020Close136.781May 21, 2020Close135.563Jun 9, 2020Close130.500Jun 25, 2020Close134.531Jul 14, 2020Close137.500Jul 30, 2020Close140.500Aug 17, 2020Close134.531Sep 2, 2020Close136.094Sep 21, 2020Close135.031Oct 7, 2020Close130.969Oct 26, 2020Close131.406Nov 12, 2020Close130.469Dec 1, 2020Close129.625Dec 17, 2020Close129.281Jan 6, 2021Close126.313Jan 25, 2021Close126.313Feb 10, 2021Close123.219Mar 1, 2021Close115.531Mar 17, 2021Close111.469Apr 2, 2021Close112.625Apr 20, 2021Close114.750May 6, 2021Close115.125May 24, 2021Close113.594Jun 10, 2021Close116.875Jun 28, 2021Close117.531Jul 15, 2021Close121.469Aug 2, 2021Close122.969Aug 18, 2021Close122.031Sep 3, 2021Close121.188Sep 22, 2021Close123.281Oct 8, 2021Close116.063Oct 27, 2021Close120.344Nov 15, 2021Close118.219Dec 2, 2021Close122.938Dec 20, 2021Close121.219Jan 6, 2022Close116.344Jan 25, 2022Close115.250Feb 10, 2022Close110.938Mar 1, 2022Close113.938Mar 17, 2022Close106.375Apr 4, 2022Close106.125Apr 21, 2022Close97.781May 9, 2022Close93.094May 25, 2022Close96.719Jun 13, 2022Close89.125Jun 30, 2022Close93.406Jul 19, 2022Close92.688Aug 4, 2022Close96.125Aug 22, 2022Close91.125Sep 8, 2022Close88.188Sep 26, 2022Close84.406Oct 13, 2022Close81.000Oct 31, 2022Close78.375Nov 17, 2022Close82.375Dec 6, 2022Close87.563Dec 22, 2022Close85.531Jan 11, 2023Close86.656Jan 30, 2023Close87.438Feb 15, 2023Close84.813Mar 6, 2023Close83.031Mar 22, 2023Close86.656Apr 7, 2023Close88.125Apr 25, 2023Close87.594May 11, 2023Close86.781May 30, 2023Close83.844Jun 15, 2023Close84.563Jul 5, 2023Close82.844Jul 21, 2023Close83.438Aug 8, 2023Close80.281Aug 24, 2023Close78.563Sep 12, 2023Close78.188Sep 28, 2023Close73.875Oct 17, 2023Close71.406Nov 2, 2023Close72.969Nov 20, 2023Close75.563Dec 7, 2023Close79.469Dec 26, 2023Close82.156Jan 12, 2024Close80.719Jan 31, 2024Close80.688Feb 16, 2024Close77.906Mar 6, 2024Close80.438Mar 22, 2024Close78.969Apr 10, 2024Close76.125Apr 26, 2024Close74.594May 14, 2024Close76.813May 31, 2024Close76.344Jun 18, 2024Close79.313Jul 8, 2024Close78.219Jul 24, 2024Close77.594Aug 9, 2024Close81.094Aug 27, 2024Close82.469Sep 13, 2024Close84.594Oct 1, 2024Close83.469Oct 18, 2024Close79.750Nov 5, 2024Close78.625Nov 22, 2024Close76.906Dec 11, 2024Close78.406Dec 30, 2024Close75.313Jan 16, 2025Close74.719Feb 4, 2025Close75.969Feb 21, 2025Close76.906Mar 11, 2025Close77.594Mar 27, 2025Close76.438Apr 14, 2025Close75.406May 1, 2025Close76.344May 19, 2025Close74.281Jun 5, 2025Close74.781Jun 24, 2025Close75.594Jul 11, 2025Close74.406Jul 29, 2025Close75.500Aug 14, 2025Close75.563Sep 2, 2025Close74.781Sep 18, 2025Close77.438Oct 6, 2025Close77.063Oct 23, 2025Close79.156Nov 10, 2025Close77.750Nov 28, 2025Close78.219Dec 16, 2025Close76.688Jan 5, 2026Close76.531Jan 22, 2026Close76.531Feb 9, 2026Close76.688Feb 26, 2026Close78.750Mar 16, 2026Close76.281Apr 1, 2026Close75.531Apr 17, 2026Close76.219May 5, 2026Close74.906May 21, 2026Close73.719Jun 9, 2026Close74.594Jun 26, 2026Close76.281Jul 15, 2026Close74.156Jul 31, 2026Close72.031Aug 18, 2026Close72.188Sep 3, 2026Close72.594Sep 22, 2026Close71.906Oct 8, 2026Close68.906Oct 27, 2026Close71.875Nov 9, 2026Close72.375
The most recent 20 trading days of prices for 912810RP5.
DateBidOfferClose
Nov 9, 202672.37572.42272.375
Nov 6, 202672.43872.48472.438
Nov 5, 202672.53172.57872.531
Nov 4, 202672.00072.04772.250
Nov 3, 202671.93871.98471.813
Nov 2, 202672.46972.53172.188
Oct 30, 202671.84471.89171.906
Oct 29, 202671.78171.84471.781
Oct 28, 202671.59471.64171.188
Oct 27, 202671.84471.89171.875
Oct 26, 202671.75071.79771.750
Oct 23, 202671.68871.73471.594
Oct 22, 202671.53171.57872.031
Oct 21, 202670.75070.78170.625
Oct 20, 202670.59470.62570.625
Oct 19, 202670.18870.25070.031
Oct 16, 202670.71970.76670.563
Oct 15, 202670.53170.57870.469
Oct 14, 202669.21969.25069.656
Oct 13, 202669.31369.34469.344

Prices are per 100 of face, from Treasury's own end-of-day file. A dash means that side was not quoted that day, which is almost always the offer and almost always near maturity: a holder of a bill days from paying par has little reason to sell it.

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 912810RP5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 12, 2015Nov 16, 2015New issue$16.0bn$16.1bn2.41x3.070%
Dec 10, 2015Dec 15, 2015Reopening$13.0bn$13.0bn2.42x2.978%
Jan 14, 2016Jan 15, 2016Reopening$13.0bn$13.0bn2.29x2.905%

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.