Treasury bond

912810SJ8 · 2.25% due August 15, 2049

Original term
30-Year
Maturity
Aug 15, 2049
Coupon
2.250%
Pays
Semi-Annual
Dated
Aug 15, 2019
First coupon
Feb 15, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$60.56bn
Held stripped
$7.16bn
Share stripped
11.82%

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
5.374%
Modified duration
15.583 yr
DV01
0.0932
Convexity
3.13
Dirty price
59.782

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
0.16
0.30
0.49
0.94
1.29
6.16
6.37
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 15.807 years against a modified duration of 15.583.

Against the fitted curve

Priced 1.5 bp rich to the curve on that day, 14.43 cents per 100 of face.

That is -0.46 standard deviations from its own typical residual.

Yield to maturity, 1,809 observations

1%2%3%4%5%6%Aug 15, 2019Nov 9, 2026Aug 15, 2019Yield to maturity1.982%Aug 27, 2019Yield to maturity1.966%Sep 9, 2019Yield to maturity2.107%Sep 19, 2019Yield to maturity2.224%Oct 1, 2019Yield to maturity2.113%Oct 11, 2019Yield to maturity2.217%Oct 24, 2019Yield to maturity2.260%Nov 5, 2019Yield to maturity2.339%Nov 18, 2019Yield to maturity2.299%Nov 29, 2019Yield to maturity2.210%Dec 11, 2019Yield to maturity2.227%Dec 23, 2019Yield to maturity2.353%Jan 6, 2020Yield to maturity2.281%Jan 16, 2020Yield to maturity2.259%Jan 29, 2020Yield to maturity2.050%Feb 10, 2020Yield to maturity2.031%Feb 21, 2020Yield to maturity1.904%Mar 4, 2020Yield to maturity1.668%Mar 16, 2020Yield to maturity1.386%Mar 26, 2020Yield to maturity1.456%Apr 7, 2020Yield to maturity1.333%Apr 20, 2020Yield to maturity1.234%Apr 30, 2020Yield to maturity1.282%May 12, 2020Yield to maturity1.384%May 22, 2020Yield to maturity1.364%Jun 4, 2020Yield to maturity1.606%Jun 16, 2020Yield to maturity1.524%Jun 26, 2020Yield to maturity1.364%Jul 9, 2020Yield to maturity1.298%Jul 21, 2020Yield to maturity1.294%Jul 31, 2020Yield to maturity1.186%Aug 12, 2020Yield to maturity1.353%Aug 24, 2020Yield to maturity1.341%Sep 3, 2020Yield to maturity1.328%Sep 16, 2020Yield to maturity1.429%Sep 28, 2020Yield to maturity1.406%Oct 8, 2020Yield to maturity1.546%Oct 21, 2020Yield to maturity1.601%Nov 2, 2020Yield to maturity1.603%Nov 13, 2020Yield to maturity1.617%Nov 25, 2020Yield to maturity1.599%Dec 8, 2020Yield to maturity1.642%Dec 18, 2020Yield to maturity1.668%Dec 31, 2020Yield to maturity1.619%Jan 13, 2021Yield to maturity1.788%Jan 26, 2021Yield to maturity1.771%Feb 5, 2021Yield to maturity1.948%Feb 18, 2021Yield to maturity2.059%Mar 2, 2021Yield to maturity2.204%Mar 12, 2021Yield to maturity2.390%Mar 24, 2021Yield to maturity2.312%Apr 5, 2021Yield to maturity2.361%Apr 15, 2021Yield to maturity2.219%Apr 27, 2021Yield to maturity2.283%May 7, 2021Yield to maturity2.276%May 19, 2021Yield to maturity2.394%Jun 1, 2021Yield to maturity2.307%Jun 11, 2021Yield to maturity2.162%Jun 23, 2021Yield to maturity2.126%Jul 6, 2021Yield to maturity2.006%Jul 16, 2021Yield to maturity1.937%Jul 28, 2021Yield to maturity1.915%Aug 9, 2021Yield to maturity1.967%Aug 19, 2021Yield to maturity1.876%Aug 31, 2021Yield to maturity1.921%Sep 13, 2021Yield to maturity1.902%Sep 23, 2021Yield to maturity1.920%Oct 5, 2021Yield to maturity2.098%Oct 18, 2021Yield to maturity2.011%Oct 28, 2021Yield to maturity1.960%Nov 9, 2021Yield to maturity1.831%Nov 22, 2021Yield to maturity1.984%Dec 3, 2021Yield to maturity1.691%Dec 15, 2021Yield to maturity1.875%Dec 28, 2021Yield to maturity1.918%Jan 7, 2022Yield to maturity2.130%Jan 20, 2022Yield to maturity2.152%Feb 1, 2022Yield to maturity2.138%Feb 11, 2022Yield to maturity2.279%Feb 24, 2022Yield to maturity2.321%Mar 8, 2022Yield to maturity2.276%Mar 18, 2022Yield to maturity2.459%Mar 30, 2022Yield to maturity2.521%Apr 11, 2022Yield to maturity2.882%Apr 22, 2022Yield to maturity3.009%May 4, 2022Yield to maturity3.080%May 16, 2022Yield to maturity3.192%May 26, 2022Yield to maturity3.068%Jun 8, 2022Yield to maturity3.270%Jun 21, 2022Yield to maturity3.485%Jul 1, 2022Yield to maturity3.195%Jul 14, 2022Yield to maturity3.192%Jul 26, 2022Yield to maturity3.120%Aug 5, 2022Yield to maturity3.144%Aug 17, 2022Yield to maturity3.248%Aug 29, 2022Yield to maturity3.355%Sep 9, 2022Yield to maturity3.564%Sep 21, 2022Yield to maturity3.586%Oct 3, 2022Yield to maturity3.810%Oct 14, 2022Yield to maturity4.071%Oct 26, 2022Yield to maturity4.250%Nov 7, 2022Yield to maturity4.408%Nov 18, 2022Yield to maturity4.061%Dec 1, 2022Yield to maturity3.765%Dec 13, 2022Yield to maturity3.629%Dec 23, 2022Yield to maturity3.926%Jan 6, 2023Yield to maturity3.767%Jan 19, 2023Yield to maturity3.641%Jan 31, 2023Yield to maturity3.727%Feb 10, 2023Yield to maturity3.890%Feb 23, 2023Yield to maturity3.954%Mar 7, 2023Yield to maturity3.963%Mar 17, 2023Yield to maturity3.654%Mar 29, 2023Yield to maturity3.846%Apr 10, 2023Yield to maturity3.692%Apr 20, 2023Yield to maturity3.812%May 2, 2023Yield to maturity3.768%May 12, 2023Yield to maturity3.842%May 24, 2023Yield to maturity4.056%Jun 6, 2023Yield to maturity3.953%Jun 16, 2023Yield to maturity3.945%Jun 29, 2023Yield to maturity4.003%Jul 12, 2023Yield to maturity4.044%Jul 24, 2023Yield to maturity4.011%Aug 3, 2023Yield to maturity4.403%Aug 15, 2023Yield to maturity4.420%Aug 25, 2023Yield to maturity4.406%Sep 7, 2023Yield to maturity4.464%Sep 19, 2023Yield to maturity4.538%Sep 29, 2023Yield to maturity4.847%Oct 12, 2023Yield to maturity4.979%Oct 24, 2023Yield to maturity5.079%Nov 3, 2023Yield to maturity4.886%Nov 15, 2023Yield to maturity4.821%Nov 28, 2023Yield to maturity4.663%Dec 8, 2023Yield to maturity4.447%Dec 20, 2023Yield to maturity4.137%Jan 3, 2024Yield to maturity4.191%Jan 16, 2024Yield to maturity4.450%Jan 26, 2024Yield to maturity4.517%Feb 7, 2024Yield to maturity4.435%Feb 20, 2024Yield to maturity4.573%Mar 1, 2024Yield to maturity4.456%Mar 13, 2024Yield to maturity4.463%Mar 25, 2024Yield to maturity4.532%Apr 5, 2024Yield to maturity4.642%Apr 17, 2024Yield to maturity4.804%Apr 29, 2024Yield to maturity4.844%May 9, 2024Yield to maturity4.704%May 21, 2024Yield to maturity4.656%Jun 3, 2024Yield to maturity4.653%Jun 13, 2024Yield to maturity4.508%Jun 26, 2024Yield to maturity4.559%Jul 9, 2024Yield to maturity4.606%Jul 19, 2024Yield to maturity4.575%Jul 31, 2024Yield to maturity4.476%Aug 12, 2024Yield to maturity4.339%Aug 22, 2024Yield to maturity4.291%Sep 4, 2024Yield to maturity4.205%Sep 16, 2024Yield to maturity4.076%Sep 26, 2024Yield to maturity4.263%Oct 8, 2024Yield to maturity4.468%Oct 21, 2024Yield to maturity4.625%Oct 31, 2024Yield to maturity4.610%Nov 13, 2024Yield to maturity4.798%Nov 25, 2024Yield to maturity4.617%Dec 6, 2024Yield to maturity4.493%Dec 18, 2024Yield to maturity4.808%Dec 31, 2024Yield to maturity4.935%Jan 13, 2025Yield to maturity5.100%Jan 24, 2025Yield to maturity4.983%Feb 5, 2025Yield to maturity4.766%Feb 18, 2025Yield to maturity4.904%Feb 28, 2025Yield to maturity4.658%Mar 12, 2025Yield to maturity4.775%Mar 24, 2025Yield to maturity4.795%Apr 3, 2025Yield to maturity4.631%Apr 15, 2025Yield to maturity4.936%Apr 28, 2025Yield to maturity4.829%May 8, 2025Yield to maturity4.978%May 20, 2025Yield to maturity5.101%Jun 2, 2025Yield to maturity5.123%Jun 12, 2025Yield to maturity4.973%Jun 25, 2025Yield to maturity4.955%Jul 8, 2025Yield to maturity5.056%Jul 18, 2025Yield to maturity5.106%Jul 30, 2025Yield to maturity5.003%Aug 11, 2025Yield to maturity4.944%Aug 21, 2025Yield to maturity5.023%Sep 3, 2025Yield to maturity4.989%Sep 15, 2025Yield to maturity4.750%Sep 25, 2025Yield to maturity4.840%Oct 7, 2025Yield to maturity4.810%Oct 20, 2025Yield to maturity4.658%Oct 30, 2025Yield to maturity4.735%Nov 12, 2025Yield to maturity4.755%Nov 24, 2025Yield to maturity4.770%Dec 5, 2025Yield to maturity4.888%Dec 17, 2025Yield to maturity4.927%Dec 30, 2025Yield to maturity4.899%Jan 12, 2026Yield to maturity4.923%Jan 23, 2026Yield to maturity4.914%Feb 4, 2026Yield to maturity4.999%Feb 17, 2026Yield to maturity4.764%Feb 27, 2026Yield to maturity4.714%Mar 11, 2026Yield to maturity4.958%Mar 23, 2026Yield to maturity5.044%Apr 2, 2026Yield to maturity4.990%Apr 14, 2026Yield to maturity4.962%Apr 24, 2026Yield to maturity5.002%May 6, 2026Yield to maturity5.036%May 18, 2026Yield to maturity5.245%May 29, 2026Yield to maturity5.089%Jun 10, 2026Yield to maturity5.139%Jun 23, 2026Yield to maturity5.047%Jul 6, 2026Yield to maturity5.091%Jul 16, 2026Yield to maturity5.196%Jul 28, 2026Yield to maturity5.205%Aug 7, 2026Yield to maturity5.303%Aug 19, 2026Yield to maturity5.289%Aug 31, 2026Yield to maturity5.342%Sep 11, 2026Yield to maturity5.460%Sep 23, 2026Yield to maturity5.511%Oct 5, 2026Yield to maturity5.769%Oct 16, 2026Yield to maturity5.535%Oct 28, 2026Yield to maturity5.486%Nov 9, 2026Yield to maturity5.374%

Price history

1,809 trading days to Nov 9, 2026

406080100120140Aug 15, 2019Nov 9, 2026Aug 15, 2019Close106.031Aug 27, 2019Close106.406Sep 9, 2019Close103.156Sep 19, 2019Close100.563Oct 1, 2019Close103.031Oct 11, 2019Close100.719Oct 24, 2019Close99.781Nov 5, 2019Close98.094Nov 18, 2019Close98.938Nov 29, 2019Close100.875Dec 11, 2019Close100.500Dec 23, 2019Close97.813Jan 6, 2020Close99.344Jan 16, 2020Close99.813Jan 29, 2020Close104.406Feb 10, 2020Close104.844Feb 21, 2020Close107.781Mar 4, 2020Close113.500Mar 16, 2020Close120.813Mar 26, 2020Close118.938Apr 7, 2020Close122.219Apr 20, 2020Close124.938Apr 30, 2020Close123.563May 12, 2020Close120.781May 22, 2020Close121.281Jun 4, 2020Close114.969Jun 16, 2020Close117.031Jun 26, 2020Close121.250Jul 9, 2020Close123.000Jul 21, 2020Close123.094Jul 31, 2020Close126.063Aug 12, 2020Close121.469Aug 24, 2020Close121.750Sep 3, 2020Close122.094Sep 16, 2020Close119.375Sep 28, 2020Close119.969Oct 8, 2020Close116.344Oct 21, 2020Close114.938Nov 2, 2020Close114.875Nov 13, 2020Close114.500Nov 25, 2020Close114.938Dec 8, 2020Close113.875Dec 18, 2020Close113.219Dec 31, 2020Close114.406Jan 13, 2021Close110.313Jan 26, 2021Close110.688Feb 5, 2021Close106.594Feb 18, 2021Close104.094Mar 2, 2021Close100.969Mar 12, 2021Close97.125Mar 24, 2021Close98.719Apr 5, 2021Close97.719Apr 15, 2021Close100.656Apr 27, 2021Close99.313May 7, 2021Close99.469May 19, 2021Close97.063Jun 1, 2021Close98.813Jun 11, 2021Close101.844Jun 23, 2021Close102.625Jul 6, 2021Close105.219Jul 16, 2021Close106.750Jul 28, 2021Close107.250Aug 9, 2021Close106.063Aug 19, 2021Close108.125Aug 31, 2021Close107.094Sep 13, 2021Close107.500Sep 23, 2021Close107.094Oct 5, 2021Close103.188Oct 18, 2021Close105.063Oct 28, 2021Close106.188Nov 9, 2021Close109.094Nov 22, 2021Close105.656Dec 3, 2021Close112.313Dec 15, 2021Close108.063Dec 28, 2021Close107.094Jan 7, 2022Close102.500Jan 20, 2022Close102.031Feb 1, 2022Close102.313Feb 11, 2022Close99.406Feb 24, 2022Close98.563Mar 8, 2022Close99.469Mar 18, 2022Close95.844Mar 30, 2022Close94.656Apr 11, 2022Close88.094Apr 22, 2022Close85.938May 4, 2022Close84.750May 16, 2022Close82.938May 26, 2022Close84.969Jun 8, 2022Close81.719Jun 21, 2022Close78.438Jul 1, 2022Close82.938Jul 14, 2022Close83.000Jul 26, 2022Close84.188Aug 5, 2022Close83.813Aug 17, 2022Close82.156Aug 29, 2022Close80.500Sep 9, 2022Close77.375Sep 21, 2022Close77.063Oct 3, 2022Close73.906Oct 14, 2022Close70.438Oct 26, 2022Close68.188Nov 7, 2022Close66.281Nov 18, 2022Close70.625Dec 1, 2022Close74.625Dec 13, 2022Close76.563Dec 23, 2022Close72.469Jan 6, 2023Close74.656Jan 19, 2023Close76.438Jan 31, 2023Close75.250Feb 10, 2023Close73.031Feb 23, 2023Close72.188Mar 7, 2023Close72.094Mar 17, 2023Close76.344Mar 29, 2023Close73.688Apr 10, 2023Close75.844Apr 20, 2023Close74.188May 2, 2023Close74.813May 12, 2023Close73.813May 24, 2023Close71.000Jun 6, 2023Close72.375Jun 16, 2023Close72.500Jun 29, 2023Close71.750Jul 12, 2023Close71.250Jul 24, 2023Close71.688Aug 3, 2023Close66.844Aug 15, 2023Close66.656Aug 25, 2023Close66.844Sep 7, 2023Close66.188Sep 19, 2023Close65.344Sep 29, 2023Close61.938Oct 12, 2023Close60.563Oct 24, 2023Close59.563Nov 3, 2023Close61.594Nov 15, 2023Close62.313Nov 28, 2023Close64.063Dec 8, 2023Close66.563Dec 20, 2023Close70.344Jan 3, 2024Close69.688Jan 16, 2024Close66.594Jan 26, 2024Close65.844Feb 7, 2024Close66.813Feb 20, 2024Close65.250Mar 1, 2024Close66.625Mar 13, 2024Close66.563Mar 25, 2024Close65.781Apr 5, 2024Close64.563Apr 17, 2024Close62.813Apr 29, 2024Close62.406May 9, 2024Close63.938May 21, 2024Close64.500Jun 3, 2024Close64.563Jun 13, 2024Close66.219Jun 26, 2024Close65.656Jul 9, 2024Close65.156Jul 19, 2024Close65.531Jul 31, 2024Close66.688Aug 12, 2024Close68.313Aug 22, 2024Close68.906Sep 4, 2024Close69.969Sep 16, 2024Close71.594Sep 26, 2024Close69.313Oct 8, 2024Close66.906Oct 21, 2024Close65.156Oct 31, 2024Close65.344Nov 13, 2024Close63.313Nov 25, 2024Close65.313Dec 6, 2024Close66.750Dec 18, 2024Close63.281Dec 31, 2024Close61.969Jan 13, 2025Close60.313Jan 24, 2025Close61.531Feb 5, 2025Close63.844Feb 18, 2025Close62.406Feb 28, 2025Close65.063Mar 12, 2025Close63.813Mar 24, 2025Close63.625Apr 3, 2025Close65.438Apr 15, 2025Close62.188Apr 28, 2025Close63.344May 8, 2025Close61.813May 20, 2025Close60.594Jun 2, 2025Close60.406Jun 12, 2025Close61.938Jun 25, 2025Close62.156Jul 8, 2025Close61.156Jul 18, 2025Close60.688Jul 30, 2025Close61.750Aug 11, 2025Close62.375Aug 21, 2025Close61.594Sep 3, 2025Close61.969Sep 15, 2025Close64.500Sep 25, 2025Close63.563Oct 7, 2025Close63.906Oct 20, 2025Close65.563Oct 30, 2025Close64.750Nov 12, 2025Close64.563Nov 24, 2025Close64.438Dec 5, 2025Close63.219Dec 17, 2025Close62.844Dec 30, 2025Close63.156Jan 12, 2026Close62.938Jan 23, 2026Close63.063Feb 4, 2026Close62.219Feb 17, 2026Close64.688Feb 27, 2026Close65.250Mar 11, 2026Close62.719Mar 23, 2026Close61.875Apr 2, 2026Close62.438Apr 14, 2026Close62.750Apr 24, 2026Close62.375May 6, 2026Close62.063May 18, 2026Close60.031May 29, 2026Close61.594Jun 10, 2026Close61.125Jun 23, 2026Close62.063Jul 6, 2026Close61.656Jul 16, 2026Close60.656Jul 28, 2026Close60.594Aug 7, 2026Close59.688Aug 19, 2026Close59.844Aug 31, 2026Close59.375Sep 11, 2026Close58.313Sep 23, 2026Close57.875Oct 5, 2026Close55.625Oct 16, 2026Close57.719Oct 28, 2026Close58.188Nov 9, 2026Close59.250
The most recent 20 trading days of prices for 912810SJ8.
DateBidOfferClose
Nov 9, 202659.25059.29759.250
Nov 6, 202659.34459.37559.281
Nov 5, 202659.34459.39159.375
Nov 4, 202658.90658.93859.125
Nov 3, 202658.84458.89158.719
Nov 2, 202659.37559.42259.094
Oct 30, 202658.78158.81358.781
Oct 29, 202658.75058.78158.719
Oct 28, 202658.59458.64158.188
Oct 27, 202658.81358.85958.844
Oct 26, 202658.78158.82858.750
Oct 23, 202658.71958.76658.625
Oct 22, 202658.56358.60959.031
Oct 21, 202657.84457.87557.750
Oct 20, 202657.71957.75057.719
Oct 19, 202657.37557.42257.219
Oct 16, 202657.84457.87557.719
Oct 15, 202657.68857.73457.625
Oct 14, 202656.43856.46956.844
Oct 13, 202656.53156.56356.500

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 912810SJ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 8, 2019Aug 15, 2019New issue$19.0bn$31.4bn2.24x2.335%
Sep 12, 2019Sep 16, 2019Reopening$16.0bn$16.0bn2.22x2.270%
Oct 10, 2019Oct 15, 2019Reopening$16.0bn$16.0bn2.25x2.170%

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.