Treasury bond

912810SH2 · 2.875% due May 15, 2049

Original term
30-Year
Maturity
May 15, 2049
Coupon
2.875%
Pays
Semi-Annual
Dated
May 15, 2019
First coupon
Nov 15, 2019
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$55.25bn
Held stripped
$14.78bn
Share stripped
26.76%

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
5.358%
Modified duration
14.547 yr
DV01
0.1006
Convexity
2.83
Dirty price
69.148

Where its rate sensitivity sits

0.01
0.03
0.08
0.18
0.33
0.54
1.04
1.42
6.07
5.04
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 14.736 years against a modified duration of 14.547.

Against the fitted curve

Priced 1.1 bp rich to the curve on that day, 10.94 cents per 100 of face.

That is -0.73 standard deviations from its own typical residual.

Yield to maturity, 1,873 observations

1%2%3%4%5%6%May 15, 2019Nov 9, 2026May 15, 2019Yield to maturity2.822%May 28, 2019Yield to maturity2.704%Jun 7, 2019Yield to maturity2.573%Jun 19, 2019Yield to maturity2.537%Jul 1, 2019Yield to maturity2.555%Jul 12, 2019Yield to maturity2.639%Jul 24, 2019Yield to maturity2.576%Aug 5, 2019Yield to maturity2.300%Aug 15, 2019Yield to maturity1.976%Aug 27, 2019Yield to maturity1.959%Sep 9, 2019Yield to maturity2.102%Sep 19, 2019Yield to maturity2.219%Oct 1, 2019Yield to maturity2.109%Oct 11, 2019Yield to maturity2.214%Oct 24, 2019Yield to maturity2.255%Nov 5, 2019Yield to maturity2.335%Nov 18, 2019Yield to maturity2.295%Nov 29, 2019Yield to maturity2.208%Dec 11, 2019Yield to maturity2.225%Dec 23, 2019Yield to maturity2.352%Jan 6, 2020Yield to maturity2.277%Jan 16, 2020Yield to maturity2.255%Jan 29, 2020Yield to maturity2.046%Feb 10, 2020Yield to maturity2.028%Feb 21, 2020Yield to maturity1.900%Mar 4, 2020Yield to maturity1.664%Mar 16, 2020Yield to maturity1.384%Mar 26, 2020Yield to maturity1.457%Apr 7, 2020Yield to maturity1.328%Apr 20, 2020Yield to maturity1.225%Apr 30, 2020Yield to maturity1.275%May 12, 2020Yield to maturity1.376%May 22, 2020Yield to maturity1.353%Jun 4, 2020Yield to maturity1.592%Jun 16, 2020Yield to maturity1.508%Jun 26, 2020Yield to maturity1.350%Jul 9, 2020Yield to maturity1.285%Jul 21, 2020Yield to maturity1.283%Jul 31, 2020Yield to maturity1.173%Aug 12, 2020Yield to maturity1.341%Aug 24, 2020Yield to maturity1.329%Sep 3, 2020Yield to maturity1.314%Sep 16, 2020Yield to maturity1.413%Sep 28, 2020Yield to maturity1.390%Oct 8, 2020Yield to maturity1.529%Oct 21, 2020Yield to maturity1.583%Nov 2, 2020Yield to maturity1.582%Nov 13, 2020Yield to maturity1.596%Nov 25, 2020Yield to maturity1.579%Dec 8, 2020Yield to maturity1.619%Dec 18, 2020Yield to maturity1.645%Dec 31, 2020Yield to maturity1.597%Jan 13, 2021Yield to maturity1.765%Jan 26, 2021Yield to maturity1.751%Feb 5, 2021Yield to maturity1.927%Feb 18, 2021Yield to maturity2.038%Mar 2, 2021Yield to maturity2.186%Mar 12, 2021Yield to maturity2.372%Mar 24, 2021Yield to maturity2.295%Apr 5, 2021Yield to maturity2.343%Apr 15, 2021Yield to maturity2.202%Apr 27, 2021Yield to maturity2.269%May 7, 2021Yield to maturity2.260%May 19, 2021Yield to maturity2.375%Jun 1, 2021Yield to maturity2.288%Jun 11, 2021Yield to maturity2.145%Jun 23, 2021Yield to maturity2.110%Jul 6, 2021Yield to maturity1.992%Jul 16, 2021Yield to maturity1.922%Jul 28, 2021Yield to maturity1.899%Aug 9, 2021Yield to maturity1.952%Aug 19, 2021Yield to maturity1.859%Aug 31, 2021Yield to maturity1.905%Sep 13, 2021Yield to maturity1.887%Sep 23, 2021Yield to maturity1.908%Oct 5, 2021Yield to maturity2.086%Oct 18, 2021Yield to maturity2.002%Oct 28, 2021Yield to maturity1.952%Nov 9, 2021Yield to maturity1.823%Nov 22, 2021Yield to maturity1.973%Dec 3, 2021Yield to maturity1.682%Dec 15, 2021Yield to maturity1.865%Dec 28, 2021Yield to maturity1.909%Jan 7, 2022Yield to maturity2.121%Jan 20, 2022Yield to maturity2.146%Feb 1, 2022Yield to maturity2.135%Feb 11, 2022Yield to maturity2.275%Feb 24, 2022Yield to maturity2.315%Mar 8, 2022Yield to maturity2.266%Mar 18, 2022Yield to maturity2.451%Mar 30, 2022Yield to maturity2.514%Apr 11, 2022Yield to maturity2.882%Apr 22, 2022Yield to maturity3.006%May 4, 2022Yield to maturity3.089%May 16, 2022Yield to maturity3.196%May 26, 2022Yield to maturity3.068%Jun 8, 2022Yield to maturity3.270%Jun 21, 2022Yield to maturity3.487%Jul 1, 2022Yield to maturity3.199%Jul 14, 2022Yield to maturity3.197%Jul 26, 2022Yield to maturity3.124%Aug 5, 2022Yield to maturity3.146%Aug 17, 2022Yield to maturity3.255%Aug 29, 2022Yield to maturity3.365%Sep 9, 2022Yield to maturity3.575%Sep 21, 2022Yield to maturity3.597%Oct 3, 2022Yield to maturity3.825%Oct 14, 2022Yield to maturity4.091%Oct 26, 2022Yield to maturity4.261%Nov 7, 2022Yield to maturity4.418%Nov 18, 2022Yield to maturity4.069%Dec 1, 2022Yield to maturity3.777%Dec 13, 2022Yield to maturity3.637%Dec 23, 2022Yield to maturity3.927%Jan 6, 2023Yield to maturity3.770%Jan 19, 2023Yield to maturity3.643%Jan 31, 2023Yield to maturity3.728%Feb 10, 2023Yield to maturity3.893%Feb 23, 2023Yield to maturity3.968%Mar 7, 2023Yield to maturity3.984%Mar 17, 2023Yield to maturity3.663%Mar 29, 2023Yield to maturity3.854%Apr 10, 2023Yield to maturity3.703%Apr 20, 2023Yield to maturity3.819%May 2, 2023Yield to maturity3.771%May 12, 2023Yield to maturity3.842%May 24, 2023Yield to maturity4.064%Jun 6, 2023Yield to maturity3.963%Jun 16, 2023Yield to maturity3.957%Jun 29, 2023Yield to maturity4.020%Jul 12, 2023Yield to maturity4.061%Jul 24, 2023Yield to maturity4.031%Aug 3, 2023Yield to maturity4.419%Aug 15, 2023Yield to maturity4.440%Aug 25, 2023Yield to maturity4.429%Sep 7, 2023Yield to maturity4.485%Sep 19, 2023Yield to maturity4.558%Sep 29, 2023Yield to maturity4.870%Oct 12, 2023Yield to maturity5.003%Oct 24, 2023Yield to maturity5.104%Nov 3, 2023Yield to maturity4.908%Nov 15, 2023Yield to maturity4.844%Nov 28, 2023Yield to maturity4.685%Dec 8, 2023Yield to maturity4.470%Dec 20, 2023Yield to maturity4.155%Jan 3, 2024Yield to maturity4.210%Jan 16, 2024Yield to maturity4.462%Jan 26, 2024Yield to maturity4.526%Feb 7, 2024Yield to maturity4.447%Feb 20, 2024Yield to maturity4.587%Mar 1, 2024Yield to maturity4.470%Mar 13, 2024Yield to maturity4.473%Mar 25, 2024Yield to maturity4.545%Apr 5, 2024Yield to maturity4.657%Apr 17, 2024Yield to maturity4.820%Apr 29, 2024Yield to maturity4.859%May 9, 2024Yield to maturity4.719%May 21, 2024Yield to maturity4.668%Jun 3, 2024Yield to maturity4.662%Jun 13, 2024Yield to maturity4.517%Jun 26, 2024Yield to maturity4.572%Jul 9, 2024Yield to maturity4.617%Jul 19, 2024Yield to maturity4.582%Jul 31, 2024Yield to maturity4.482%Aug 12, 2024Yield to maturity4.342%Aug 22, 2024Yield to maturity4.295%Sep 4, 2024Yield to maturity4.207%Sep 16, 2024Yield to maturity4.073%Sep 26, 2024Yield to maturity4.262%Oct 8, 2024Yield to maturity4.470%Oct 21, 2024Yield to maturity4.627%Oct 31, 2024Yield to maturity4.613%Nov 13, 2024Yield to maturity4.800%Nov 25, 2024Yield to maturity4.622%Dec 6, 2024Yield to maturity4.495%Dec 18, 2024Yield to maturity4.810%Dec 31, 2024Yield to maturity4.936%Jan 13, 2025Yield to maturity5.102%Jan 24, 2025Yield to maturity4.982%Feb 5, 2025Yield to maturity4.766%Feb 18, 2025Yield to maturity4.904%Feb 28, 2025Yield to maturity4.658%Mar 12, 2025Yield to maturity4.774%Mar 24, 2025Yield to maturity4.792%Apr 3, 2025Yield to maturity4.625%Apr 15, 2025Yield to maturity4.930%Apr 28, 2025Yield to maturity4.821%May 8, 2025Yield to maturity4.967%May 20, 2025Yield to maturity5.095%Jun 2, 2025Yield to maturity5.111%Jun 12, 2025Yield to maturity4.964%Jun 25, 2025Yield to maturity4.946%Jul 8, 2025Yield to maturity5.045%Jul 18, 2025Yield to maturity5.096%Jul 30, 2025Yield to maturity4.994%Aug 11, 2025Yield to maturity4.934%Aug 21, 2025Yield to maturity5.009%Sep 3, 2025Yield to maturity4.971%Sep 15, 2025Yield to maturity4.736%Sep 25, 2025Yield to maturity4.827%Oct 7, 2025Yield to maturity4.796%Oct 20, 2025Yield to maturity4.644%Oct 30, 2025Yield to maturity4.723%Nov 12, 2025Yield to maturity4.741%Nov 24, 2025Yield to maturity4.754%Dec 5, 2025Yield to maturity4.869%Dec 17, 2025Yield to maturity4.906%Dec 30, 2025Yield to maturity4.880%Jan 12, 2026Yield to maturity4.902%Jan 23, 2026Yield to maturity4.896%Feb 4, 2026Yield to maturity4.976%Feb 17, 2026Yield to maturity4.745%Feb 27, 2026Yield to maturity4.692%Mar 11, 2026Yield to maturity4.937%Mar 23, 2026Yield to maturity5.022%Apr 2, 2026Yield to maturity4.972%Apr 14, 2026Yield to maturity4.943%Apr 24, 2026Yield to maturity4.982%May 6, 2026Yield to maturity5.018%May 18, 2026Yield to maturity5.229%May 29, 2026Yield to maturity5.072%Jun 10, 2026Yield to maturity5.123%Jun 23, 2026Yield to maturity5.035%Jul 6, 2026Yield to maturity5.075%Jul 16, 2026Yield to maturity5.177%Jul 28, 2026Yield to maturity5.191%Aug 7, 2026Yield to maturity5.287%Aug 19, 2026Yield to maturity5.274%Aug 31, 2026Yield to maturity5.325%Sep 11, 2026Yield to maturity5.446%Sep 23, 2026Yield to maturity5.502%Oct 5, 2026Yield to maturity5.760%Oct 16, 2026Yield to maturity5.524%Oct 28, 2026Yield to maturity5.475%Nov 9, 2026Yield to maturity5.358%

Price history

1,873 trading days to Nov 9, 2026

6080100120140160May 15, 2019Nov 9, 2026May 15, 2019Close101.063May 28, 2019Close103.500Jun 7, 2019Close106.281Jun 19, 2019Close107.063Jul 1, 2019Close106.656Jul 12, 2019Close104.844Jul 24, 2019Close106.188Aug 5, 2019Close112.344Aug 15, 2019Close120.156Aug 27, 2019Close120.563Sep 9, 2019Close117.000Sep 19, 2019Close114.188Oct 1, 2019Close116.813Oct 11, 2019Close114.281Oct 24, 2019Close113.313Nov 5, 2019Close111.469Nov 18, 2019Close112.375Nov 29, 2019Close114.375Dec 11, 2019Close113.969Dec 23, 2019Close111.063Jan 6, 2020Close112.750Jan 16, 2020Close113.250Jan 29, 2020Close118.188Feb 10, 2020Close118.625Feb 21, 2020Close121.781Mar 4, 2020Close127.906Mar 16, 2020Close135.688Mar 26, 2020Close133.563Apr 7, 2020Close137.250Apr 20, 2020Close140.250Apr 30, 2020Close138.719May 12, 2020Close135.750May 22, 2020Close136.375Jun 4, 2020Close129.656Jun 16, 2020Close131.938Jun 26, 2020Close136.375Jul 9, 2020Close138.219Jul 21, 2020Close138.250Jul 31, 2020Close141.469Aug 12, 2020Close136.500Aug 24, 2020Close136.813Sep 3, 2020Close137.219Sep 16, 2020Close134.344Sep 28, 2020Close134.969Oct 8, 2020Close131.094Oct 21, 2020Close129.594Nov 2, 2020Close129.594Nov 13, 2020Close129.188Nov 25, 2020Close129.625Dec 8, 2020Close128.531Dec 18, 2020Close127.813Dec 31, 2020Close129.063Jan 13, 2021Close124.656Jan 26, 2021Close125.000Feb 5, 2021Close120.594Feb 18, 2021Close117.906Mar 2, 2021Close114.438Mar 12, 2021Close110.281Mar 24, 2021Close111.969Apr 5, 2021Close110.906Apr 15, 2021Close114.031Apr 27, 2021Close112.531May 7, 2021Close112.719May 19, 2021Close110.188Jun 1, 2021Close112.063Jun 11, 2021Close115.281Jun 23, 2021Close116.063Jul 6, 2021Close118.813Jul 16, 2021Close120.469Jul 28, 2021Close121.000Aug 9, 2021Close119.719Aug 19, 2021Close121.938Aug 31, 2021Close120.813Sep 13, 2021Close121.219Sep 23, 2021Close120.688Oct 5, 2021Close116.500Oct 18, 2021Close118.438Oct 28, 2021Close119.594Nov 9, 2021Close122.688Nov 22, 2021Close119.063Dec 3, 2021Close126.125Dec 15, 2021Close121.594Dec 28, 2021Close120.531Jan 7, 2022Close115.594Jan 20, 2022Close115.000Feb 1, 2022Close115.250Feb 11, 2022Close112.125Feb 24, 2022Close111.250Mar 8, 2022Close112.313Mar 18, 2022Close108.375Mar 30, 2022Close107.063Apr 11, 2022Close99.875Apr 22, 2022Close97.594May 4, 2022Close96.094May 16, 2022Close94.219May 26, 2022Close96.469Jun 8, 2022Close92.969Jun 21, 2022Close89.375Jul 1, 2022Close94.188Jul 14, 2022Close94.219Jul 26, 2022Close95.500Aug 5, 2022Close95.125Aug 17, 2022Close93.250Aug 29, 2022Close91.406Sep 9, 2022Close88.031Sep 21, 2022Close87.688Oct 3, 2022Close84.219Oct 14, 2022Close80.406Oct 26, 2022Close78.094Nov 7, 2022Close76.031Nov 18, 2022Close80.750Dec 1, 2022Close85.000Dec 13, 2022Close87.125Dec 23, 2022Close82.813Jan 6, 2023Close85.125Jan 19, 2023Close87.063Jan 31, 2023Close85.781Feb 10, 2023Close83.344Feb 23, 2023Close82.281Mar 7, 2023Close82.063Mar 17, 2023Close86.813Mar 29, 2023Close83.969Apr 10, 2023Close86.219Apr 20, 2023Close84.500May 2, 2023Close85.219May 12, 2023Close84.188May 24, 2023Close81.031Jun 6, 2023Close82.469Jun 16, 2023Close82.563Jun 29, 2023Close81.688Jul 12, 2023Close81.125Jul 24, 2023Close81.563Aug 3, 2023Close76.375Aug 15, 2023Close76.125Aug 25, 2023Close76.281Sep 7, 2023Close75.594Sep 19, 2023Close74.688Sep 29, 2023Close70.969Oct 12, 2023Close69.469Oct 24, 2023Close68.375Nov 3, 2023Close70.594Nov 15, 2023Close71.344Nov 28, 2023Close73.250Dec 8, 2023Close75.906Dec 20, 2023Close80.031Jan 3, 2024Close79.313Jan 16, 2024Close76.063Jan 26, 2024Close75.281Feb 7, 2024Close76.281Feb 20, 2024Close74.563Mar 1, 2024Close76.031Mar 13, 2024Close76.000Mar 25, 2024Close75.125Apr 5, 2024Close73.781Apr 17, 2024Close71.875Apr 29, 2024Close71.438May 9, 2024Close73.094May 21, 2024Close73.719Jun 3, 2024Close73.813Jun 13, 2024Close75.594Jun 26, 2024Close74.938Jul 9, 2024Close74.406Jul 19, 2024Close74.844Jul 31, 2024Close76.094Aug 12, 2024Close77.875Aug 22, 2024Close78.500Sep 4, 2024Close79.656Sep 16, 2024Close81.469Sep 26, 2024Close78.969Oct 8, 2024Close76.344Oct 21, 2024Close74.438Oct 31, 2024Close74.625Nov 13, 2024Close72.438Nov 25, 2024Close74.563Dec 6, 2024Close76.125Dec 18, 2024Close72.375Dec 31, 2024Close70.969Jan 13, 2025Close69.156Jan 24, 2025Close70.500Feb 5, 2025Close72.969Feb 18, 2025Close71.406Feb 28, 2025Close74.281Mar 12, 2025Close72.938Mar 24, 2025Close72.750Apr 3, 2025Close74.719Apr 15, 2025Close71.219Apr 28, 2025Close72.469May 8, 2025Close70.844May 20, 2025Close69.469Jun 2, 2025Close69.313Jun 12, 2025Close70.938Jun 25, 2025Close71.156Jul 8, 2025Close70.094Jul 18, 2025Close69.563Jul 30, 2025Close70.688Aug 11, 2025Close71.375Aug 21, 2025Close70.563Sep 3, 2025Close71.000Sep 15, 2025Close73.688Sep 25, 2025Close72.656Oct 7, 2025Close73.031Oct 20, 2025Close74.813Oct 30, 2025Close73.906Nov 12, 2025Close73.719Nov 24, 2025Close73.594Dec 5, 2025Close72.313Dec 17, 2025Close71.906Dec 30, 2025Close72.219Jan 12, 2026Close72.000Jan 23, 2026Close72.094Feb 4, 2026Close71.219Feb 17, 2026Close73.844Feb 27, 2026Close74.469Mar 11, 2026Close71.719Mar 23, 2026Close70.813Apr 2, 2026Close71.375Apr 14, 2026Close71.719Apr 24, 2026Close71.313May 6, 2026Close70.938May 18, 2026Close68.719May 29, 2026Close70.406Jun 10, 2026Close69.875Jun 23, 2026Close70.844Jul 6, 2026Close70.438Jul 16, 2026Close69.375Jul 28, 2026Close69.250Aug 7, 2026Close68.281Aug 19, 2026Close68.438Aug 31, 2026Close67.938Sep 11, 2026Close66.750Sep 23, 2026Close66.219Oct 5, 2026Close63.781Oct 16, 2026Close66.063Oct 28, 2026Close66.563Nov 9, 2026Close67.750
The most recent 20 trading days of prices for 912810SH2.
DateBidOfferClose
Nov 9, 202667.75067.78167.750
Nov 6, 202667.84467.87567.781
Nov 5, 202667.87567.92267.875
Nov 4, 202667.34467.39167.594
Nov 3, 202667.31367.35967.188
Nov 2, 202667.87567.92267.563
Oct 30, 202667.21967.25067.219
Oct 29, 202667.15667.20367.156
Oct 28, 202667.03167.06366.563
Oct 27, 202667.25067.29767.281
Oct 26, 202667.18867.23467.188
Oct 23, 202667.12567.17267.031
Oct 22, 202666.96967.01667.469
Oct 21, 202666.18866.21966.063
Oct 20, 202666.06366.09466.063
Oct 19, 202665.68865.71965.500
Oct 16, 202666.18866.21966.063
Oct 15, 202666.00066.06365.969
Oct 14, 202664.68864.71965.094
Oct 13, 202664.75064.79764.750

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 912810SH2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 9, 2019May 15, 2019New issue$19.0bn$25.5bn2.20x2.892%
Jun 13, 2019Jun 17, 2019Reopening$16.0bn$16.0bn2.32x2.607%
Jul 11, 2019Jul 15, 2019Reopening$16.0bn$16.1bn2.13x2.644%

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.