Treasury bond

912810SL3 · 2% due February 15, 2050

Original term
30-Year
Maturity
Feb 15, 2050
Coupon
2.000%
Pays
Semi-Annual
Dated
Feb 15, 2020
First coupon
Aug 15, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$59.12bn
Held stripped
$10.41bn
Share stripped
17.61%

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
5.377%
Modified duration
16.170 yr
DV01
0.0905
Convexity
3.34
Dirty price
55.942

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
0.15
0.28
0.46
0.90
1.22
5.27
8.02
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 16.407 years against a modified duration of 16.170.

Against the fitted curve

Priced 2.1 bp rich to the curve on that day, 19.37 cents per 100 of face.

That is -0.43 standard deviations from its own typical residual.

Yield to maturity, 1,684 observations

0%1%2%3%4%5%6%Feb 18, 2020Nov 9, 2026Feb 18, 2020Yield to maturity2.003%Feb 28, 2020Yield to maturity1.651%Mar 11, 2020Yield to maturity1.300%Mar 23, 2020Yield to maturity1.329%Apr 2, 2020Yield to maturity1.256%Apr 15, 2020Yield to maturity1.267%Apr 27, 2020Yield to maturity1.251%May 7, 2020Yield to maturity1.311%May 19, 2020Yield to maturity1.419%Jun 1, 2020Yield to maturity1.446%Jun 11, 2020Yield to maturity1.392%Jun 23, 2020Yield to maturity1.479%Jul 6, 2020Yield to maturity1.434%Jul 16, 2020Yield to maturity1.295%Jul 28, 2020Yield to maturity1.210%Aug 7, 2020Yield to maturity1.220%Aug 19, 2020Yield to maturity1.405%Aug 31, 2020Yield to maturity1.479%Sep 11, 2020Yield to maturity1.407%Sep 23, 2020Yield to maturity1.410%Oct 5, 2020Yield to maturity1.561%Oct 16, 2020Yield to maturity1.508%Oct 28, 2020Yield to maturity1.548%Nov 9, 2020Yield to maturity1.713%Nov 20, 2020Yield to maturity1.515%Dec 3, 2020Yield to maturity1.652%Dec 15, 2020Yield to maturity1.638%Dec 28, 2020Yield to maturity1.650%Jan 8, 2021Yield to maturity1.855%Jan 21, 2021Yield to maturity1.853%Feb 2, 2021Yield to maturity1.855%Feb 12, 2021Yield to maturity1.996%Feb 25, 2021Yield to maturity2.326%Mar 9, 2021Yield to maturity2.255%Mar 19, 2021Yield to maturity2.453%Mar 31, 2021Yield to maturity2.412%Apr 12, 2021Yield to maturity2.340%Apr 22, 2021Yield to maturity2.239%May 4, 2021Yield to maturity2.267%May 14, 2021Yield to maturity2.369%May 26, 2021Yield to maturity2.283%Jun 8, 2021Yield to maturity2.223%Jun 18, 2021Yield to maturity2.029%Jun 30, 2021Yield to maturity2.077%Jul 13, 2021Yield to maturity2.045%Jul 23, 2021Yield to maturity1.937%Aug 4, 2021Yield to maturity1.842%Aug 16, 2021Yield to maturity1.924%Aug 26, 2021Yield to maturity1.941%Sep 8, 2021Yield to maturity1.954%Sep 20, 2021Yield to maturity1.845%Sep 30, 2021Yield to maturity2.079%Oct 13, 2021Yield to maturity2.045%Oct 25, 2021Yield to maturity2.091%Nov 4, 2021Yield to maturity1.964%Nov 17, 2021Yield to maturity2.006%Nov 30, 2021Yield to maturity1.789%Dec 10, 2021Yield to maturity1.892%Dec 22, 2021Yield to maturity1.874%Jan 4, 2022Yield to maturity2.093%Jan 14, 2022Yield to maturity2.137%Jan 27, 2022Yield to maturity2.105%Feb 8, 2022Yield to maturity2.265%Feb 18, 2022Yield to maturity2.282%Mar 3, 2022Yield to maturity2.286%Mar 15, 2022Yield to maturity2.528%Mar 25, 2022Yield to maturity2.639%Apr 6, 2022Yield to maturity2.674%Apr 19, 2022Yield to maturity3.059%Apr 29, 2022Yield to maturity3.012%May 11, 2022Yield to maturity3.129%May 23, 2022Yield to maturity3.157%Jun 3, 2022Yield to maturity3.204%Jun 15, 2022Yield to maturity3.476%Jun 28, 2022Yield to maturity3.372%Jul 11, 2022Yield to maturity3.254%Jul 21, 2022Yield to maturity3.153%Aug 2, 2022Yield to maturity3.075%Aug 12, 2022Yield to maturity3.204%Aug 24, 2022Yield to maturity3.411%Sep 6, 2022Yield to maturity3.569%Sep 16, 2022Yield to maturity3.608%Sep 28, 2022Yield to maturity3.777%Oct 11, 2022Yield to maturity4.004%Oct 21, 2022Yield to maturity4.406%Nov 2, 2022Yield to maturity4.223%Nov 15, 2022Yield to maturity4.101%Nov 28, 2022Yield to maturity3.862%Dec 8, 2022Yield to maturity3.542%Dec 20, 2022Yield to maturity3.836%Jan 3, 2023Yield to maturity3.975%Jan 13, 2023Yield to maturity3.694%Jan 26, 2023Yield to maturity3.684%Feb 7, 2023Yield to maturity3.771%Feb 17, 2023Yield to maturity3.938%Mar 2, 2023Yield to maturity4.079%Mar 14, 2023Yield to maturity3.813%Mar 24, 2023Yield to maturity3.694%Apr 5, 2023Yield to maturity3.618%Apr 17, 2023Yield to maturity3.860%Apr 27, 2023Yield to maturity3.811%May 9, 2023Yield to maturity3.903%May 19, 2023Yield to maturity4.019%Jun 1, 2023Yield to maturity3.904%Jun 13, 2023Yield to maturity4.008%Jun 26, 2023Yield to maturity3.886%Jul 7, 2023Yield to maturity4.115%Jul 19, 2023Yield to maturity3.911%Jul 31, 2023Yield to maturity4.088%Aug 10, 2023Yield to maturity4.325%Aug 22, 2023Yield to maturity4.501%Sep 1, 2023Yield to maturity4.372%Sep 14, 2023Yield to maturity4.480%Sep 26, 2023Yield to maturity4.798%Oct 6, 2023Yield to maturity5.039%Oct 19, 2023Yield to maturity5.208%Oct 31, 2023Yield to maturity5.127%Nov 10, 2023Yield to maturity4.847%Nov 22, 2023Yield to maturity4.669%Dec 5, 2023Yield to maturity4.424%Dec 15, 2023Yield to maturity4.125%Dec 28, 2023Yield to maturity4.104%Jan 10, 2024Yield to maturity4.333%Jan 23, 2024Yield to maturity4.505%Feb 2, 2024Yield to maturity4.343%Feb 14, 2024Yield to maturity4.559%Feb 27, 2024Yield to maturity4.553%Mar 8, 2024Yield to maturity4.373%Mar 20, 2024Yield to maturity4.546%Apr 2, 2024Yield to maturity4.597%Apr 12, 2024Yield to maturity4.698%Apr 24, 2024Yield to maturity4.857%May 6, 2024Yield to maturity4.723%May 16, 2024Yield to maturity4.612%May 29, 2024Yield to maturity4.820%Jun 10, 2024Yield to maturity4.683%Jun 21, 2024Yield to maturity4.492%Jul 3, 2024Yield to maturity4.627%Jul 16, 2024Yield to maturity4.485%Jul 26, 2024Yield to maturity4.561%Aug 7, 2024Yield to maturity4.385%Aug 19, 2024Yield to maturity4.263%Aug 29, 2024Yield to maturity4.299%Sep 11, 2024Yield to maturity4.095%Sep 23, 2024Yield to maturity4.216%Oct 3, 2024Yield to maturity4.322%Oct 16, 2024Yield to maturity4.433%Oct 28, 2024Yield to maturity4.651%Nov 7, 2024Yield to maturity4.668%Nov 20, 2024Yield to maturity4.744%Dec 3, 2024Yield to maturity4.549%Dec 13, 2024Yield to maturity4.761%Dec 26, 2024Yield to maturity4.906%Jan 8, 2025Yield to maturity5.050%Jan 21, 2025Yield to maturity4.915%Jan 31, 2025Yield to maturity4.952%Feb 12, 2025Yield to maturity4.951%Feb 25, 2025Yield to maturity4.682%Mar 7, 2025Yield to maturity4.762%Mar 19, 2025Yield to maturity4.690%Mar 31, 2025Yield to maturity4.722%Apr 10, 2025Yield to maturity5.021%Apr 23, 2025Yield to maturity4.974%May 5, 2025Yield to maturity4.964%May 15, 2025Yield to maturity5.052%May 28, 2025Yield to maturity5.103%Jun 9, 2025Yield to maturity5.090%Jun 20, 2025Yield to maturity5.023%Jul 2, 2025Yield to maturity4.941%Jul 15, 2025Yield to maturity5.129%Jul 25, 2025Yield to maturity5.032%Aug 6, 2025Yield to maturity4.912%Aug 18, 2025Yield to maturity5.044%Aug 28, 2025Yield to maturity4.980%Sep 10, 2025Yield to maturity4.780%Sep 22, 2025Yield to maturity4.861%Oct 2, 2025Yield to maturity4.788%Oct 15, 2025Yield to maturity4.724%Oct 27, 2025Yield to maturity4.662%Nov 6, 2025Yield to maturity4.783%Nov 19, 2025Yield to maturity4.853%Dec 2, 2025Yield to maturity4.841%Dec 12, 2025Yield to maturity4.965%Dec 24, 2025Yield to maturity4.905%Jan 7, 2026Yield to maturity4.921%Jan 20, 2026Yield to maturity5.012%Jan 30, 2026Yield to maturity4.971%Feb 11, 2026Yield to maturity4.908%Feb 24, 2026Yield to maturity4.791%Mar 6, 2026Yield to maturity4.874%Mar 18, 2026Yield to maturity4.992%Mar 30, 2026Yield to maturity5.027%Apr 9, 2026Yield to maturity5.007%Apr 21, 2026Yield to maturity4.997%May 1, 2026Yield to maturity5.077%May 13, 2026Yield to maturity5.148%May 26, 2026Yield to maturity5.139%Jun 5, 2026Yield to maturity5.122%Jun 17, 2026Yield to maturity5.047%Jun 30, 2026Yield to maturity5.025%Jul 13, 2026Yield to maturity5.211%Jul 23, 2026Yield to maturity5.288%Aug 4, 2026Yield to maturity5.298%Aug 14, 2026Yield to maturity5.370%Aug 26, 2026Yield to maturity5.281%Sep 8, 2026Yield to maturity5.352%Sep 18, 2026Yield to maturity5.439%Sep 30, 2026Yield to maturity5.738%Oct 13, 2026Yield to maturity5.672%Oct 23, 2026Yield to maturity5.439%Nov 4, 2026Yield to maturity5.393%Nov 9, 2026Yield to maturity5.377%

Price history

1,684 trading days to Nov 9, 2026

406080100120140Feb 18, 2020Nov 9, 2026Feb 18, 2020Close99.938Feb 28, 2020Close108.219Mar 11, 2020Close117.313Mar 23, 2020Close116.500Apr 2, 2020Close118.469Apr 15, 2020Close118.156Apr 27, 2020Close118.594May 7, 2020Close116.938May 19, 2020Close114.063Jun 1, 2020Close113.344Jun 11, 2020Close114.750Jun 23, 2020Close112.469Jul 6, 2020Close113.625Jul 16, 2020Close117.281Jul 28, 2020Close119.563Aug 7, 2020Close119.281Aug 19, 2020Close114.313Aug 31, 2020Close112.406Sep 11, 2020Close114.250Sep 23, 2020Close114.156Oct 5, 2020Close110.313Oct 16, 2020Close111.625Oct 28, 2020Close110.625Nov 9, 2020Close106.594Nov 20, 2020Close111.406Dec 3, 2020Close108.031Dec 15, 2020Close108.375Dec 28, 2020Close108.063Jan 8, 2021Close103.250Jan 21, 2021Close103.281Feb 2, 2021Close103.250Feb 12, 2021Close100.094Feb 25, 2021Close93.156Mar 9, 2021Close94.594Mar 19, 2021Close90.656Mar 31, 2021Close91.469Apr 12, 2021Close92.906Apr 22, 2021Close94.938May 4, 2021Close94.375May 14, 2021Close92.344May 26, 2021Close94.063Jun 8, 2021Close95.281Jun 18, 2021Close99.375Jun 30, 2021Close98.344Jul 13, 2021Close99.031Jul 23, 2021Close101.375Aug 4, 2021Close103.500Aug 16, 2021Close101.656Aug 26, 2021Close101.281Sep 8, 2021Close101.000Sep 20, 2021Close103.406Sep 30, 2021Close98.313Oct 13, 2021Close99.031Oct 25, 2021Close98.063Nov 4, 2021Close100.781Nov 17, 2021Close99.875Nov 30, 2021Close104.656Dec 10, 2021Close102.344Dec 22, 2021Close102.750Jan 4, 2022Close98.031Jan 14, 2022Close97.125Jan 27, 2022Close97.781Feb 8, 2022Close94.531Feb 18, 2022Close94.188Mar 3, 2022Close94.125Mar 15, 2022Close89.469Mar 25, 2022Close87.438Apr 6, 2022Close86.813Apr 19, 2022Close80.250Apr 29, 2022Close81.031May 11, 2022Close79.156May 23, 2022Close78.719Jun 3, 2022Close78.000Jun 15, 2022Close73.906Jun 28, 2022Close75.469Jul 11, 2022Close77.281Jul 21, 2022Close78.875Aug 2, 2022Close80.125Aug 12, 2022Close78.094Aug 24, 2022Close74.969Sep 6, 2022Close72.688Sep 16, 2022Close72.156Sep 28, 2022Close69.844Oct 11, 2022Close66.875Oct 21, 2022Close62.000Nov 2, 2022Close64.188Nov 15, 2022Close65.719Nov 28, 2022Close68.813Dec 8, 2022Close73.219Dec 20, 2022Close69.188Jan 3, 2023Close67.406Jan 13, 2023Close71.156Jan 26, 2023Close71.313Feb 7, 2023Close70.156Feb 17, 2023Close67.969Mar 2, 2023Close66.188Mar 14, 2023Close69.656Mar 24, 2023Close71.281Apr 5, 2023Close72.344Apr 17, 2023Close69.094Apr 27, 2023Close69.750May 9, 2023Close68.563May 19, 2023Close67.094Jun 1, 2023Close68.594Jun 13, 2023Close67.281Jun 26, 2023Close68.875Jul 7, 2023Close66.000Jul 19, 2023Close68.594Jul 31, 2023Close66.375Aug 10, 2023Close63.531Aug 22, 2023Close61.531Sep 1, 2023Close63.031Sep 14, 2023Close61.813Sep 26, 2023Close58.375Oct 6, 2023Close55.938Oct 19, 2023Close54.313Oct 31, 2023Close55.125Nov 10, 2023Close57.969Nov 22, 2023Close59.875Dec 5, 2023Close62.625Dec 15, 2023Close66.188Dec 28, 2023Close66.469Jan 10, 2024Close63.750Jan 23, 2024Close61.813Feb 2, 2024Close63.688Feb 14, 2024Close61.250Feb 27, 2024Close61.344Mar 8, 2024Close63.406Mar 20, 2024Close61.469Apr 2, 2024Close60.938Apr 12, 2024Close59.875Apr 24, 2024Close58.219May 6, 2024Close59.656May 16, 2024Close60.875May 29, 2024Close58.688Jun 10, 2024Close60.156Jun 21, 2024Close62.281Jul 3, 2024Close60.813Jul 16, 2024Close62.406Jul 26, 2024Close61.594Aug 7, 2024Close63.594Aug 19, 2024Close65.031Aug 29, 2024Close64.625Sep 11, 2024Close67.094Sep 23, 2024Close65.656Oct 3, 2024Close64.438Oct 16, 2024Close63.188Oct 28, 2024Close60.813Nov 7, 2024Close60.656Nov 20, 2024Close59.875Dec 3, 2024Close62.000Dec 13, 2024Close59.750Dec 26, 2024Close58.281Jan 8, 2025Close56.875Jan 21, 2025Close58.250Jan 31, 2025Close57.906Feb 12, 2025Close57.938Feb 25, 2025Close60.750Mar 7, 2025Close59.938Mar 19, 2025Close60.719Mar 31, 2025Close60.406Apr 10, 2025Close57.375Apr 23, 2025Close57.875May 5, 2025Close58.000May 15, 2025Close57.156May 28, 2025Close56.688Jun 9, 2025Close56.844Jun 20, 2025Close57.531Jul 2, 2025Close58.375Jul 15, 2025Close56.563Jul 25, 2025Close57.531Aug 6, 2025Close58.750Aug 18, 2025Close57.469Aug 28, 2025Close58.125Sep 10, 2025Close60.188Sep 22, 2025Close59.375Oct 2, 2025Close60.156Oct 15, 2025Close60.844Oct 27, 2025Close61.531Nov 6, 2025Close60.281Nov 19, 2025Close59.594Dec 2, 2025Close59.750Dec 12, 2025Close58.531Dec 24, 2025Close59.156Jan 7, 2026Close59.031Jan 20, 2026Close58.156Jan 30, 2026Close58.594Feb 11, 2026Close59.250Feb 24, 2026Close60.469Mar 6, 2026Close59.656Mar 18, 2026Close58.500Mar 30, 2026Close58.188Apr 9, 2026Close58.406Apr 21, 2026Close58.531May 1, 2026Close57.781May 13, 2026Close57.125May 26, 2026Close57.250Jun 5, 2026Close57.438Jun 17, 2026Close58.188Jun 30, 2026Close58.438Jul 13, 2026Close56.688Jul 23, 2026Close56.000Aug 4, 2026Close55.938Aug 14, 2026Close55.313Aug 26, 2026Close56.156Sep 8, 2026Close55.531Sep 18, 2026Close54.781Sep 30, 2026Close52.219Oct 13, 2026Close52.813Oct 23, 2026Close54.875Nov 4, 2026Close55.313Nov 9, 2026Close55.469
The most recent 20 trading days of prices for 912810SL3.
DateBidOfferClose
Nov 9, 202655.46955.50055.469
Nov 6, 202655.56355.59455.500
Nov 5, 202655.56355.60955.594
Nov 4, 202655.12555.15655.313
Nov 3, 202655.09455.14154.969
Nov 2, 202655.59455.64155.313
Oct 30, 202655.00055.04755.031
Oct 29, 202655.00055.04755.000
Oct 28, 202654.87554.92254.469
Oct 27, 202655.09455.12555.125
Oct 26, 202655.03155.06355.031
Oct 23, 202655.00055.03154.875
Oct 22, 202654.84454.89155.250
Oct 21, 202654.12554.17254.031
Oct 20, 202654.00054.03154.031
Oct 19, 202653.65653.70353.500
Oct 16, 202654.12554.15654.000
Oct 15, 202654.00054.04753.938
Oct 14, 202652.75052.78153.156
Oct 13, 202652.84452.89152.813

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 912810SL3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 13, 2020Feb 18, 2020New issue$19.0bn$27.4bn2.43x2.061%
Mar 12, 2020Mar 16, 2020Reopening$16.0bn$16.0bn2.36x1.320%
Apr 8, 2020Apr 15, 2020Reopening$17.0bn$17.1bn2.35x1.325%

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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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.