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. For an inflation-linked security the difference is mostly inflation rather than float: Treasury reports what a holder is owed today, which includes the uplift shown as the index ratio above, while the index keeps original par and carries the uplift in the price. The index figures are published per holding.
Inflation-linked measures, September 30, 2026
An inflation-linked security prices off a real curve, so its yield is a real yield, a return above inflation rather than in cash terms, and its principal is indexed. The figures below are in REAL terms unless labeled otherwise.
Real yield
3.379%
Index ratio
1.3541
Real duration
18.261 yr
DV01
0.1171
Convexity
3.75
Real clean price
64.000
Accrued (real)
0.128
Real dirty price
64.128
Indexed principal
135.411
Money clean price
86.663
The index ratio is a multiplier, not a percentage: 1.3541 means the principal is worth that many times its original face today. So the real clean price of 64.000 is not what a buyer pays , multiply by the ratio to get 86.663 per 100 of original face.
Against the fitted real curve
Priced 0.4 bp cheap to the real curve on that day, 4.18 cents per 100 of face.
That is -1.01 standard deviations from its own typical residual.
Real yield, 2,150 observations
Price history
2,150 trading days to Sep 30, 2026
The most recent 20 trading days of prices for 912810SB5.
Date
Bid
Offer
Close
Sep 30, 2026
64.188
64.125
64.000
Sep 29, 2026
64.234
64.188
64.438
Sep 28, 2026
64.594
64.531
64.594
Sep 25, 2026
65.125
65.063
65.281
Sep 24, 2026
65.859
65.781
65.500
Sep 23, 2026
66.781
66.719
66.469
Sep 22, 2026
67.750
67.688
67.719
Sep 21, 2026
67.781
67.719
67.969
Sep 18, 2026
67.281
67.219
67.094
Sep 17, 2026
67.563
67.500
67.719
Sep 16, 2026
67.703
67.625
67.188
Sep 15, 2026
67.375
67.313
67.313
Sep 14, 2026
67.750
67.688
67.594
Sep 11, 2026
67.844
67.781
67.438
Sep 10, 2026
68.031
67.969
67.625
Sep 9, 2026
68.422
68.344
68.531
Sep 8, 2026
68.969
68.906
68.813
Sep 4, 2026
68.781
68.719
68.781
Sep 3, 2026
69.063
69.000
68.750
Sep 2, 2026
68.563
68.500
68.500
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.
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.