Treasury bond

912810RU4 · 2.875% due November 15, 2046

Original term
30-Year
Maturity
Nov 15, 2046
Coupon
2.875%
Pays
Semi-Annual
Dated
Nov 15, 2016
First coupon
May 15, 2017
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$40.06bn
Held stripped
$2.40bn
Share stripped
5.98%

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
5.347%
Modified duration
13.604 yr
DV01
0.0969
Convexity
2.41
Dirty price
71.242

Where its rate sensitivity sits

0.01
0.03
0.07
0.17
0.32
0.52
1.01
1.38
10.28
0.03
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 13.822 years against a modified duration of 13.604.

Against the fitted curve

Priced 0.4 bp cheap to the curve on that day, 3.54 cents per 100 of face.

That is -0.13 standard deviations from its own typical residual.

Yield to maturity, 2,496 observations

1%2%3%4%5%6%Nov 15, 2016Nov 9, 2026Nov 15, 2016Yield to maturity2.965%Dec 1, 2016Yield to maturity3.100%Dec 16, 2016Yield to maturity3.189%Jan 4, 2017Yield to maturity3.049%Jan 20, 2017Yield to maturity3.053%Feb 6, 2017Yield to maturity3.051%Feb 22, 2017Yield to maturity3.045%Mar 9, 2017Yield to maturity3.187%Mar 24, 2017Yield to maturity3.009%Apr 10, 2017Yield to maturity2.997%Apr 26, 2017Yield to maturity2.980%May 11, 2017Yield to maturity3.036%May 26, 2017Yield to maturity2.924%Jun 13, 2017Yield to maturity2.872%Jun 28, 2017Yield to maturity2.781%Jul 14, 2017Yield to maturity2.918%Jul 31, 2017Yield to maturity2.899%Aug 15, 2017Yield to maturity2.842%Aug 30, 2017Yield to maturity2.748%Sep 15, 2017Yield to maturity2.770%Oct 2, 2017Yield to maturity2.872%Oct 18, 2017Yield to maturity2.850%Nov 2, 2017Yield to maturity2.829%Nov 17, 2017Yield to maturity2.782%Dec 5, 2017Yield to maturity2.735%Dec 20, 2017Yield to maturity2.883%Jan 8, 2018Yield to maturity2.818%Jan 24, 2018Yield to maturity2.930%Feb 8, 2018Yield to maturity3.138%Feb 26, 2018Yield to maturity3.161%Mar 13, 2018Yield to maturity3.103%Mar 28, 2018Yield to maturity3.014%Apr 13, 2018Yield to maturity3.029%Apr 30, 2018Yield to maturity3.112%May 15, 2018Yield to maturity3.204%May 31, 2018Yield to maturity3.000%Jun 15, 2018Yield to maturity3.048%Jul 2, 2018Yield to maturity2.993%Jul 18, 2018Yield to maturity2.993%Aug 2, 2018Yield to maturity3.124%Aug 17, 2018Yield to maturity3.029%Sep 4, 2018Yield to maturity3.068%Sep 19, 2018Yield to maturity3.230%Oct 4, 2018Yield to maturity3.351%Oct 22, 2018Yield to maturity3.385%Nov 6, 2018Yield to maturity3.433%Nov 23, 2018Yield to maturity3.309%Dec 11, 2018Yield to maturity3.135%Dec 27, 2018Yield to maturity3.054%Jan 14, 2019Yield to maturity3.063%Jan 30, 2019Yield to maturity3.056%Feb 14, 2019Yield to maturity3.000%Mar 4, 2019Yield to maturity3.087%Mar 19, 2019Yield to maturity3.015%Apr 3, 2019Yield to maturity2.920%Apr 18, 2019Yield to maturity2.951%May 6, 2019Yield to maturity2.901%May 21, 2019Yield to maturity2.836%Jun 6, 2019Yield to maturity2.614%Jun 21, 2019Yield to maturity2.582%Jul 9, 2019Yield to maturity2.531%Jul 24, 2019Yield to maturity2.566%Aug 8, 2019Yield to maturity2.224%Aug 23, 2019Yield to maturity2.009%Sep 10, 2019Yield to maturity2.177%Sep 25, 2019Yield to maturity2.168%Oct 10, 2019Yield to maturity2.140%Oct 28, 2019Yield to maturity2.332%Nov 13, 2019Yield to maturity2.354%Nov 29, 2019Yield to maturity2.199%Dec 16, 2019Yield to maturity2.301%Jan 2, 2020Yield to maturity2.327%Jan 17, 2020Yield to maturity2.297%Feb 4, 2020Yield to maturity2.087%Feb 20, 2020Yield to maturity1.972%Mar 6, 2020Yield to maturity1.276%Mar 23, 2020Yield to maturity1.352%Apr 7, 2020Yield to maturity1.297%Apr 23, 2020Yield to maturity1.175%May 8, 2020Yield to maturity1.379%May 26, 2020Yield to maturity1.395%Jun 10, 2020Yield to maturity1.493%Jun 25, 2020Yield to maturity1.390%Jul 13, 2020Yield to maturity1.299%Jul 28, 2020Yield to maturity1.188%Aug 12, 2020Yield to maturity1.330%Aug 27, 2020Yield to maturity1.462%Sep 14, 2020Yield to maturity1.362%Sep 29, 2020Yield to maturity1.356%Oct 15, 2020Yield to maturity1.445%Oct 30, 2020Yield to maturity1.570%Nov 17, 2020Yield to maturity1.528%Dec 3, 2020Yield to maturity1.593%Dec 18, 2020Yield to maturity1.616%Jan 6, 2021Yield to maturity1.725%Jan 22, 2021Yield to maturity1.775%Feb 8, 2021Yield to maturity1.889%Feb 24, 2021Yield to maturity2.187%Mar 11, 2021Yield to maturity2.249%Mar 26, 2021Yield to maturity2.345%Apr 12, 2021Yield to maturity2.311%Apr 27, 2021Yield to maturity2.264%May 12, 2021Yield to maturity2.384%May 27, 2021Yield to maturity2.274%Jun 14, 2021Yield to maturity2.173%Jun 29, 2021Yield to maturity2.090%Jul 15, 2021Yield to maturity1.907%Jul 30, 2021Yield to maturity1.872%Aug 16, 2021Yield to maturity1.888%Aug 31, 2021Yield to maturity1.894%Sep 16, 2021Yield to maturity1.859%Oct 1, 2021Yield to maturity2.031%Oct 19, 2021Yield to maturity2.087%Nov 3, 2021Yield to maturity2.010%Nov 19, 2021Yield to maturity1.936%Dec 7, 2021Yield to maturity1.843%Dec 22, 2021Yield to maturity1.889%Jan 7, 2022Yield to maturity2.156%Jan 25, 2022Yield to maturity2.174%Feb 9, 2022Yield to maturity2.325%Feb 25, 2022Yield to maturity2.413%Mar 14, 2022Yield to maturity2.587%Mar 29, 2022Yield to maturity2.658%Apr 13, 2022Yield to maturity2.961%Apr 29, 2022Yield to maturity3.139%May 16, 2022Yield to maturity3.319%Jun 1, 2022Yield to maturity3.326%Jun 16, 2022Yield to maturity3.596%Jul 5, 2022Yield to maturity3.307%Jul 20, 2022Yield to maturity3.439%Aug 4, 2022Yield to maturity3.224%Aug 19, 2022Yield to maturity3.523%Sep 6, 2022Yield to maturity3.783%Sep 21, 2022Yield to maturity3.776%Oct 6, 2022Yield to maturity4.091%Oct 24, 2022Yield to maturity4.652%Nov 8, 2022Yield to maturity4.524%Nov 25, 2022Yield to maturity4.035%Dec 12, 2022Yield to maturity3.834%Dec 28, 2022Yield to maturity4.182%Jan 13, 2023Yield to maturity3.799%Jan 31, 2023Yield to maturity3.802%Feb 15, 2023Yield to maturity4.001%Mar 3, 2023Yield to maturity4.098%Mar 20, 2023Yield to maturity3.833%Apr 4, 2023Yield to maturity3.752%Apr 19, 2023Yield to maturity3.944%May 4, 2023Yield to maturity3.854%May 19, 2023Yield to maturity4.113%Jun 6, 2023Yield to maturity4.044%Jun 22, 2023Yield to maturity4.062%Jul 10, 2023Yield to maturity4.251%Jul 25, 2023Yield to maturity4.155%Aug 9, 2023Yield to maturity4.359%Aug 24, 2023Yield to maturity4.519%Sep 11, 2023Yield to maturity4.579%Sep 26, 2023Yield to maturity4.917%Oct 12, 2023Yield to maturity5.095%Oct 27, 2023Yield to maturity5.250%Nov 13, 2023Yield to maturity4.991%Nov 29, 2023Yield to maturity4.665%Dec 14, 2023Yield to maturity4.259%Jan 2, 2024Yield to maturity4.288%Jan 18, 2024Yield to maturity4.557%Feb 2, 2024Yield to maturity4.388%Feb 20, 2024Yield to maturity4.612%Mar 6, 2024Yield to maturity4.413%Mar 21, 2024Yield to maturity4.601%Apr 8, 2024Yield to maturity4.692%Apr 23, 2024Yield to maturity4.872%May 8, 2024Yield to maturity4.771%May 23, 2024Yield to maturity4.721%Jun 10, 2024Yield to maturity4.729%Jun 26, 2024Yield to maturity4.604%Jul 12, 2024Yield to maturity4.545%Jul 29, 2024Yield to maturity4.563%Aug 13, 2024Yield to maturity4.320%Aug 28, 2024Yield to maturity4.286%Sep 13, 2024Yield to maturity4.112%Sep 30, 2024Yield to maturity4.265%Oct 16, 2024Yield to maturity4.437%Oct 31, 2024Yield to maturity4.634%Nov 18, 2024Yield to maturity4.777%Dec 4, 2024Yield to maturity4.531%Dec 19, 2024Yield to maturity4.910%Jan 7, 2025Yield to maturity5.039%Jan 23, 2025Yield to maturity4.995%Feb 7, 2025Yield to maturity4.811%Feb 25, 2025Yield to maturity4.676%Mar 12, 2025Yield to maturity4.759%Mar 27, 2025Yield to maturity4.833%Apr 11, 2025Yield to maturity5.001%Apr 29, 2025Yield to maturity4.754%May 14, 2025Yield to maturity5.087%May 30, 2025Yield to maturity5.031%Jun 16, 2025Yield to maturity5.063%Jul 2, 2025Yield to maturity4.913%Jul 18, 2025Yield to maturity5.076%Aug 4, 2025Yield to maturity4.855%Aug 19, 2025Yield to maturity4.966%Sep 4, 2025Yield to maturity4.907%Sep 19, 2025Yield to maturity4.798%Oct 6, 2025Yield to maturity4.806%Oct 22, 2025Yield to maturity4.582%Nov 6, 2025Yield to maturity4.729%Nov 24, 2025Yield to maturity4.715%Dec 10, 2025Yield to maturity4.832%Dec 26, 2025Yield to maturity4.856%Jan 13, 2026Yield to maturity4.853%Jan 29, 2026Yield to maturity4.882%Feb 13, 2026Yield to maturity4.715%Mar 3, 2026Yield to maturity4.724%Mar 18, 2026Yield to maturity4.935%Apr 2, 2026Yield to maturity4.953%Apr 17, 2026Yield to maturity4.927%May 4, 2026Yield to maturity5.083%May 19, 2026Yield to maturity5.253%Jun 4, 2026Yield to maturity5.044%Jun 22, 2026Yield to maturity5.023%Jul 8, 2026Yield to maturity5.133%Jul 23, 2026Yield to maturity5.264%Aug 7, 2026Yield to maturity5.265%Aug 24, 2026Yield to maturity5.278%Sep 9, 2026Yield to maturity5.339%Sep 24, 2026Yield to maturity5.579%Oct 9, 2026Yield to maturity5.696%Oct 27, 2026Yield to maturity5.393%Nov 9, 2026Yield to maturity5.347%

Price history

2,496 trading days to Nov 9, 2026

6080100120140160Nov 15, 2016Nov 9, 2026Nov 15, 2016Close98.219Dec 1, 2016Close95.625Dec 16, 2016Close93.969Jan 4, 2017Close96.594Jan 20, 2017Close96.531Feb 6, 2017Close96.563Feb 22, 2017Close96.688Mar 9, 2017Close94.031Mar 24, 2017Close97.375Apr 10, 2017Close97.625Apr 26, 2017Close97.938May 11, 2017Close96.875May 26, 2017Close99.031Jun 13, 2017Close100.063Jun 28, 2017Close101.875Jul 14, 2017Close99.156Jul 31, 2017Close99.531Aug 15, 2017Close100.656Aug 30, 2017Close102.531Sep 15, 2017Close102.094Oct 2, 2017Close100.063Oct 18, 2017Close100.500Nov 2, 2017Close100.906Nov 17, 2017Close101.844Dec 5, 2017Close102.781Dec 20, 2017Close99.844Jan 8, 2018Close101.125Jan 24, 2018Close98.938Feb 8, 2018Close95.031Feb 26, 2018Close94.625Mar 13, 2018Close95.688Mar 28, 2018Close97.344Apr 13, 2018Close97.063Apr 30, 2018Close95.531May 15, 2018Close93.875May 31, 2018Close97.625Jun 15, 2018Close96.719Jul 2, 2018Close97.750Jul 18, 2018Close97.750Aug 2, 2018Close95.344Aug 17, 2018Close97.094Sep 4, 2018Close96.375Sep 19, 2018Close93.469Oct 4, 2018Close91.375Oct 22, 2018Close90.813Nov 6, 2018Close90.000Nov 23, 2018Close92.125Dec 11, 2018Close95.188Dec 27, 2018Close96.656Jan 14, 2019Close96.500Jan 30, 2019Close96.625Feb 14, 2019Close97.656Mar 4, 2019Close96.063Mar 19, 2019Close97.375Apr 3, 2019Close99.156Apr 18, 2019Close98.563May 6, 2019Close99.500May 21, 2019Close100.750Jun 6, 2019Close105.094Jun 21, 2019Close105.719Jul 9, 2019Close106.750Jul 24, 2019Close106.031Aug 8, 2019Close113.250Aug 23, 2019Close118.094Sep 10, 2019Close114.250Sep 25, 2019Close114.438Oct 10, 2019Close115.063Oct 28, 2019Close110.844Nov 13, 2019Close110.375Nov 29, 2019Close113.688Dec 16, 2019Close111.469Jan 2, 2020Close110.906Jan 17, 2020Close111.531Feb 4, 2020Close116.094Feb 20, 2020Close118.688Mar 6, 2020Close136.063Mar 23, 2020Close133.969Apr 7, 2020Close135.406Apr 23, 2020Close138.688May 8, 2020Close133.125May 26, 2020Close132.656Jun 10, 2020Close130.094Jun 25, 2020Close132.719Jul 13, 2020Close135.063Jul 28, 2020Close138.000Aug 12, 2020Close134.156Aug 27, 2020Close130.688Sep 14, 2020Close133.219Sep 29, 2020Close133.313Oct 15, 2020Close130.969Oct 30, 2020Close127.813Nov 17, 2020Close128.813Dec 3, 2020Close127.156Dec 18, 2020Close126.563Jan 6, 2021Close123.906Jan 22, 2021Close122.688Feb 8, 2021Close120.031Feb 24, 2021Close113.469Mar 11, 2021Close112.156Mar 26, 2021Close110.156Apr 12, 2021Close110.844Apr 27, 2021Close111.813May 12, 2021Close109.344May 27, 2021Close111.563Jun 14, 2021Close113.656Jun 29, 2021Close115.406Jul 15, 2021Close119.375Jul 30, 2021Close120.125Aug 16, 2021Close119.750Aug 31, 2021Close119.594Sep 16, 2021Close120.344Oct 1, 2021Close116.531Oct 19, 2021Close115.313Nov 3, 2021Close116.938Nov 19, 2021Close118.531Dec 7, 2021Close120.563Dec 22, 2021Close119.500Jan 7, 2022Close113.781Jan 25, 2022Close113.375Feb 9, 2022Close110.313Feb 25, 2022Close108.563Mar 14, 2022Close105.219Mar 29, 2022Close103.906Apr 13, 2022Close98.500Apr 29, 2022Close95.500May 16, 2022Close92.594Jun 1, 2022Close92.500Jun 16, 2022Close88.344Jul 5, 2022Close92.813Jul 20, 2022Close90.750Aug 4, 2022Close94.156Aug 19, 2022Close89.500Sep 6, 2022Close85.688Sep 21, 2022Close85.813Oct 6, 2022Close81.469Oct 24, 2022Close74.438Nov 8, 2022Close76.000Nov 25, 2022Close82.281Dec 12, 2022Close85.063Dec 28, 2022Close80.375Jan 13, 2023Close85.594Jan 31, 2023Close85.563Feb 15, 2023Close82.844Mar 3, 2023Close81.563Mar 20, 2023Close85.188Apr 4, 2023Close86.344Apr 19, 2023Close83.688May 4, 2023Close84.938May 19, 2023Close81.469Jun 6, 2023Close82.406Jun 22, 2023Close82.188Jul 10, 2023Close79.750Jul 25, 2023Close81.000Aug 9, 2023Close78.438Aug 24, 2023Close76.500Sep 11, 2023Close75.813Sep 26, 2023Close71.969Oct 12, 2023Close70.063Oct 27, 2023Close68.469Nov 13, 2023Close71.250Nov 29, 2023Close74.938Dec 14, 2023Close79.875Jan 2, 2024Close79.531Jan 18, 2024Close76.281Feb 2, 2024Close78.344Feb 20, 2024Close75.688Mar 6, 2024Close78.094Mar 21, 2024Close75.875Apr 8, 2024Close74.844Apr 23, 2024Close72.844May 8, 2024Close74.000May 23, 2024Close74.594Jun 10, 2024Close74.531Jun 26, 2024Close76.000Jul 12, 2024Close76.719Jul 29, 2024Close76.531Aug 13, 2024Close79.469Aug 28, 2024Close79.906Sep 13, 2024Close82.125Sep 30, 2024Close80.219Oct 16, 2024Close78.156Oct 31, 2024Close75.875Nov 18, 2024Close74.281Dec 4, 2024Close77.125Dec 19, 2024Close72.875Jan 7, 2025Close71.531Jan 23, 2025Close72.031Feb 7, 2025Close74.063Feb 25, 2025Close75.594Mar 12, 2025Close74.688Mar 27, 2025Close73.906Apr 11, 2025Close72.125Apr 29, 2025Close74.844May 14, 2025Close71.281May 30, 2025Close71.906Jun 16, 2025Close71.594Jul 2, 2025Close73.219Jul 18, 2025Close71.531Aug 4, 2025Close73.906Aug 19, 2025Close72.750Sep 4, 2025Close73.406Sep 19, 2025Close74.625Oct 6, 2025Close74.563Oct 22, 2025Close77.094Nov 6, 2025Close75.469Nov 24, 2025Close75.656Dec 10, 2025Close74.406Dec 26, 2025Close74.188Jan 13, 2026Close74.250Jan 29, 2026Close73.969Feb 13, 2026Close75.813Mar 3, 2026Close75.750Mar 18, 2026Close73.500Apr 2, 2026Close73.344Apr 17, 2026Close73.656May 4, 2026Close72.063May 19, 2026Close70.375Jun 4, 2026Close72.531Jun 22, 2026Close72.781Jul 8, 2026Close71.688Jul 23, 2026Close70.406Aug 7, 2026Close70.438Aug 24, 2026Close70.344Sep 9, 2026Close69.781Sep 24, 2026Close67.531Oct 9, 2026Close66.500Oct 27, 2026Close69.375Nov 9, 2026Close69.844
The most recent 20 trading days of prices for 912810RU4.
DateBidOfferClose
Nov 9, 202669.84469.89169.844
Nov 6, 202669.93869.98469.906
Nov 5, 202670.03170.07870.031
Nov 4, 202669.53169.56369.750
Nov 3, 202669.46969.51669.344
Nov 2, 202670.00070.04769.719
Oct 30, 202669.37569.42269.438
Oct 29, 202669.31369.35969.281
Oct 28, 202669.12569.15668.688
Oct 27, 202669.34469.37569.375
Oct 26, 202669.28169.31369.250
Oct 23, 202669.18869.23469.125
Oct 22, 202669.03169.07869.531
Oct 21, 202668.25068.29768.156
Oct 20, 202668.12568.15668.125
Oct 19, 202667.75067.79767.594
Oct 16, 202668.28168.31368.125
Oct 15, 202668.09468.15668.031
Oct 14, 202666.78166.82867.219
Oct 13, 202666.90666.93866.906

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 912810RU4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 10, 2016Nov 15, 2016New issue$15.0bn$18.3bn2.11x2.902%
Dec 13, 2016Dec 15, 2016Reopening$12.0bn$12.0bn2.39x3.152%
Jan 12, 2017Jan 17, 2017Reopening$12.0bn$12.7bn2.32x2.914%

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.