Treasury bond

912810RV2 · 3% due February 15, 2047

Original term
30-Year
Maturity
Feb 15, 2047
Coupon
3.000%
Pays
Semi-Annual
Dated
Feb 15, 2017
First coupon
Aug 15, 2017
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$33.91bn
Held stripped
$4.34bn
Share stripped
12.81%

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
5.444%
Modified duration
13.830 yr
DV01
0.0972
Convexity
247.564
Dirty price
70.314

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 11 of twelve buckets, summing to 14.046 years against a modified duration of 13.830.

Against the fitted curve

Priced 0.2 bp cheap to the curve on that day, 2.05 cents per 100 of face.

That is -0.55 standard deviations from its own typical residual.

Yield to maturity, 2,395 observations

1%2%3%4%5%6%Feb 15, 2017Sep 10, 2026Feb 15, 2017Yield to maturity3.092%May 5, 2017Yield to maturity2.989%Jul 25, 2017Yield to maturity2.913%Oct 12, 2017Yield to maturity2.851%Jan 2, 2018Yield to maturity2.806%Mar 22, 2018Yield to maturity3.060%Jun 11, 2018Yield to maturity3.096%Aug 28, 2018Yield to maturity3.030%Nov 16, 2018Yield to maturity3.333%Feb 8, 2019Yield to maturity2.957%Apr 30, 2019Yield to maturity2.917%Jul 18, 2019Yield to maturity2.542%Oct 4, 2019Yield to maturity1.990%Dec 26, 2019Yield to maturity2.319%Mar 17, 2020Yield to maturity1.660%Jun 4, 2020Yield to maturity1.573%Aug 21, 2020Yield to maturity1.304%Nov 10, 2020Yield to maturity1.658%Feb 2, 2021Yield to maturity1.796%Apr 21, 2021Yield to maturity2.222%Jul 9, 2021Yield to maturity1.967%Sep 27, 2021Yield to maturity1.974%Dec 16, 2021Yield to maturity1.898%Mar 8, 2022Yield to maturity2.342%May 25, 2022Yield to maturity3.165%Aug 15, 2022Yield to maturity3.367%Nov 2, 2022Yield to maturity4.419%Jan 25, 2023Yield to maturity3.771%Apr 13, 2023Yield to maturity3.835%Jul 3, 2023Yield to maturity4.069%Sep 20, 2023Yield to maturity4.607%Dec 8, 2023Yield to maturity4.537%Feb 29, 2024Yield to maturity4.555%May 16, 2024Yield to maturity4.659%Aug 6, 2024Yield to maturity4.339%Oct 24, 2024Yield to maturity4.617%Jan 15, 2025Yield to maturity5.009%Apr 4, 2025Yield to maturity4.535%Jun 24, 2025Yield to maturity4.932%Sep 11, 2025Yield to maturity4.693%Dec 2, 2025Yield to maturity4.788%Feb 23, 2026Yield to maturity4.718%May 11, 2026Yield to maturity5.041%Jul 30, 2026Yield to maturity5.283%Sep 10, 2026Yield to maturity5.444%

Price history

2,395 trading days to Sep 10, 2026

6080100120140160Feb 15, 2017Sep 10, 2026Feb 15, 2017Close98.219May 5, 2017Close100.219Jul 25, 2017Close101.719Oct 12, 2017Close102.938Jan 2, 2018Close103.844Mar 22, 2018Close98.844Jun 11, 2018Close98.188Aug 28, 2018Close99.438Nov 16, 2018Close93.938Feb 8, 2019Close100.813Apr 30, 2019Close101.563Jul 18, 2019Close109.031Oct 4, 2019Close121.219Dec 26, 2019Close113.656Mar 17, 2020Close129.000Jun 4, 2020Close131.000Aug 21, 2020Close137.875Nov 10, 2020Close128.469Feb 2, 2021Close124.938Apr 21, 2021Close115.219Jul 9, 2021Close120.688Sep 27, 2021Close120.406Dec 16, 2021Close121.969Mar 8, 2022Close112.375May 25, 2022Close97.188Aug 15, 2022Close93.906Nov 2, 2022Close79.000Jan 25, 2023Close87.875Apr 13, 2023Close87.031Jul 3, 2023Close83.875Sep 20, 2023Close77.125Dec 8, 2023Close78.094Feb 29, 2024Close78.000May 16, 2024Close76.875Aug 6, 2024Close80.875Oct 24, 2024Close77.625Jan 15, 2025Close73.344Apr 4, 2025Close78.844Jun 24, 2025Close74.469Sep 11, 2025Close77.281Dec 2, 2025Close76.344Feb 23, 2026Close77.281May 11, 2026Close73.906Jul 30, 2026Close71.594Sep 10, 2026Close70.094
The most recent 20 trading days of prices for 912810RV2.
DateBidOfferClose
Sep 10, 202670.43870.40670.094
Sep 9, 202670.93870.90671.125
Sep 8, 202671.50071.46971.344
Sep 4, 202671.50071.46971.438
Sep 3, 202671.62571.59471.438
Sep 2, 202671.18871.15671.188
Sep 1, 202671.48471.46971.188
Aug 31, 202671.34471.31371.438
Aug 28, 202672.06372.03171.750
Aug 27, 202672.15672.12572.031
Aug 26, 202672.15672.12572.125
Aug 25, 202672.21972.18872.250
Aug 24, 202671.84471.81371.688
Aug 21, 202671.34471.31371.219
Aug 20, 202671.50071.46971.656
Aug 19, 202671.87571.84472.000
Aug 18, 202670.87570.84470.969
Aug 17, 202671.00070.96970.750
Aug 14, 202671.20371.18871.250
Aug 13, 202671.71971.68871.719

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 912810RV2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 9, 2017Feb 15, 2017New issue$15.0bn$16.7bn2.25x3.005%
Mar 9, 2017Mar 15, 2017Reopening$12.0bn$12.0bn2.34x3.170%
Apr 12, 2017Apr 17, 2017Reopening$12.0bn$12.1bn2.23x2.938%

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.