Treasury bond

912810SN9 · 1.25% due May 15, 2050

Original term
30-Year
Maturity
May 15, 2050
Coupon
1.250%
Pays
Semi-Annual
Dated
May 15, 2020
First coupon
Nov 15, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$73.57bn
Held stripped
$7.74bn
Share stripped
10.52%

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
5.363%
Modified duration
17.721 yr
DV01
0.0815
Convexity
3.83
Dirty price
46.014

Where its rate sensitivity sits

0.01
0.02
0.05
0.12
0.22
0.35
0.69
0.94
5.21
10.40
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 18.002 years against a modified duration of 17.721.

Against the fitted curve

Priced 6.3 bp rich to the curve on that day, 51.18 cents per 100 of face.

That is -1.01 standard deviations from its own typical residual.

Yield to maturity, 1,622 observations

1%2%3%4%5%6%May 15, 2020Nov 9, 2026May 15, 2020Yield to maturity1.322%May 27, 2020Yield to maturity1.435%Jun 5, 2020Yield to maturity1.679%Jun 16, 2020Yield to maturity1.536%Jun 25, 2020Yield to maturity1.425%Jul 7, 2020Yield to maturity1.377%Jul 16, 2020Yield to maturity1.307%Jul 27, 2020Yield to maturity1.254%Aug 5, 2020Yield to maturity1.221%Aug 14, 2020Yield to maturity1.447%Aug 25, 2020Yield to maturity1.394%Sep 3, 2020Yield to maturity1.346%Sep 15, 2020Yield to maturity1.430%Sep 24, 2020Yield to maturity1.406%Oct 5, 2020Yield to maturity1.579%Oct 15, 2020Yield to maturity1.520%Oct 26, 2020Yield to maturity1.597%Nov 4, 2020Yield to maturity1.553%Nov 16, 2020Yield to maturity1.667%Nov 25, 2020Yield to maturity1.633%Dec 7, 2020Yield to maturity1.699%Dec 16, 2020Yield to maturity1.670%Dec 28, 2020Yield to maturity1.674%Jan 7, 2021Yield to maturity1.857%Jan 19, 2021Yield to maturity1.849%Jan 28, 2021Yield to maturity1.820%Feb 8, 2021Yield to maturity1.964%Feb 18, 2021Yield to maturity2.094%Mar 1, 2021Yield to maturity2.248%Mar 10, 2021Yield to maturity2.264%Mar 19, 2021Yield to maturity2.469%Mar 30, 2021Yield to maturity2.404%Apr 8, 2021Yield to maturity2.336%Apr 19, 2021Yield to maturity2.313%Apr 28, 2021Yield to maturity2.310%May 7, 2021Yield to maturity2.296%May 18, 2021Yield to maturity2.401%May 27, 2021Yield to maturity2.323%Jun 8, 2021Yield to maturity2.240%Jun 17, 2021Yield to maturity2.139%Jun 28, 2021Yield to maturity2.135%Jul 8, 2021Yield to maturity1.945%Jul 19, 2021Yield to maturity1.843%Jul 28, 2021Yield to maturity1.938%Aug 6, 2021Yield to maturity1.971%Aug 17, 2021Yield to maturity1.945%Aug 26, 2021Yield to maturity1.958%Sep 7, 2021Yield to maturity2.006%Sep 16, 2021Yield to maturity1.903%Sep 27, 2021Yield to maturity2.011%Oct 6, 2021Yield to maturity2.094%Oct 18, 2021Yield to maturity2.028%Oct 27, 2021Yield to maturity1.962%Nov 5, 2021Yield to maturity1.892%Nov 17, 2021Yield to maturity2.020%Nov 29, 2021Yield to maturity1.897%Dec 8, 2021Yield to maturity1.904%Dec 17, 2021Yield to maturity1.858%Dec 29, 2021Yield to maturity1.992%Jan 7, 2022Yield to maturity2.143%Jan 19, 2022Yield to maturity2.168%Jan 28, 2022Yield to maturity2.098%Feb 8, 2022Yield to maturity2.273%Feb 17, 2022Yield to maturity2.356%Mar 1, 2022Yield to maturity2.161%Mar 10, 2022Yield to maturity2.440%Mar 21, 2022Yield to maturity2.606%Mar 30, 2022Yield to maturity2.534%Apr 8, 2022Yield to maturity2.809%Apr 20, 2022Yield to maturity2.941%Apr 29, 2022Yield to maturity3.003%May 10, 2022Yield to maturity3.185%May 19, 2022Yield to maturity3.143%May 31, 2022Yield to maturity3.171%Jun 9, 2022Yield to maturity3.264%Jun 21, 2022Yield to maturity3.477%Jun 30, 2022Yield to maturity3.211%Jul 12, 2022Yield to maturity3.210%Jul 21, 2022Yield to maturity3.157%Aug 1, 2022Yield to maturity3.007%Aug 10, 2022Yield to maturity3.129%Aug 19, 2022Yield to maturity3.337%Aug 30, 2022Yield to maturity3.332%Sep 9, 2022Yield to maturity3.574%Sep 20, 2022Yield to maturity3.680%Sep 29, 2022Yield to maturity3.789%Oct 11, 2022Yield to maturity3.993%Oct 20, 2022Yield to maturity4.302%Oct 31, 2022Yield to maturity4.287%Nov 9, 2022Yield to maturity4.360%Nov 21, 2022Yield to maturity4.038%Dec 1, 2022Yield to maturity3.734%Dec 12, 2022Yield to maturity3.643%Dec 21, 2022Yield to maturity3.824%Jan 3, 2023Yield to maturity3.955%Jan 12, 2023Yield to maturity3.624%Jan 24, 2023Yield to maturity3.656%Feb 2, 2023Yield to maturity3.583%Feb 13, 2023Yield to maturity3.801%Feb 23, 2023Yield to maturity3.904%Mar 6, 2023Yield to maturity3.933%Mar 15, 2023Yield to maturity3.722%Mar 24, 2023Yield to maturity3.684%Apr 4, 2023Yield to maturity3.643%Apr 13, 2023Yield to maturity3.733%Apr 24, 2023Yield to maturity3.767%May 3, 2023Yield to maturity3.732%May 12, 2023Yield to maturity3.831%May 23, 2023Yield to maturity4.011%Jun 2, 2023Yield to maturity3.939%Jun 13, 2023Yield to maturity3.990%Jun 23, 2023Yield to maturity3.864%Jul 5, 2023Yield to maturity3.990%Jul 14, 2023Yield to maturity3.979%Jul 25, 2023Yield to maturity3.989%Aug 3, 2023Yield to maturity4.358%Aug 14, 2023Yield to maturity4.337%Aug 23, 2023Yield to maturity4.334%Sep 1, 2023Yield to maturity4.346%Sep 13, 2023Yield to maturity4.393%Sep 22, 2023Yield to maturity4.595%Oct 3, 2023Yield to maturity5.024%Oct 13, 2023Yield to maturity4.858%Oct 24, 2023Yield to maturity5.020%Nov 2, 2023Yield to maturity4.890%Nov 13, 2023Yield to maturity4.842%Nov 22, 2023Yield to maturity4.644%Dec 4, 2023Yield to maturity4.520%Dec 13, 2023Yield to maturity4.285%Dec 22, 2023Yield to maturity4.162%Jan 4, 2024Yield to maturity4.237%Jan 16, 2024Yield to maturity4.423%Jan 25, 2024Yield to maturity4.496%Feb 5, 2024Yield to maturity4.453%Feb 14, 2024Yield to maturity4.539%Feb 26, 2024Yield to maturity4.489%Mar 6, 2024Yield to maturity4.333%Mar 15, 2024Yield to maturity4.517%Mar 26, 2024Yield to maturity4.479%Apr 5, 2024Yield to maturity4.605%Apr 16, 2024Yield to maturity4.828%Apr 25, 2024Yield to maturity4.868%May 6, 2024Yield to maturity4.694%May 15, 2024Yield to maturity4.584%May 24, 2024Yield to maturity4.635%Jun 5, 2024Yield to maturity4.511%Jun 14, 2024Yield to maturity4.421%Jun 26, 2024Yield to maturity4.517%Jul 8, 2024Yield to maturity4.536%Jul 17, 2024Yield to maturity4.460%Jul 26, 2024Yield to maturity4.548%Aug 6, 2024Yield to maturity4.289%Aug 15, 2024Yield to maturity4.298%Aug 26, 2024Yield to maturity4.230%Sep 5, 2024Yield to maturity4.131%Sep 16, 2024Yield to maturity4.043%Sep 25, 2024Yield to maturity4.249%Oct 4, 2024Yield to maturity4.390%Oct 16, 2024Yield to maturity4.414%Oct 25, 2024Yield to maturity4.612%Nov 5, 2024Yield to maturity4.538%Nov 15, 2024Yield to maturity4.729%Nov 26, 2024Yield to maturity4.601%Dec 6, 2024Yield to maturity4.447%Dec 17, 2024Yield to maturity4.692%Dec 27, 2024Yield to maturity4.914%Jan 8, 2025Yield to maturity5.019%Jan 17, 2025Yield to maturity4.928%Jan 29, 2025Yield to maturity4.879%Feb 7, 2025Yield to maturity4.781%Feb 19, 2025Yield to maturity4.859%Feb 28, 2025Yield to maturity4.623%Mar 11, 2025Yield to maturity4.711%Mar 20, 2025Yield to maturity4.652%Mar 31, 2025Yield to maturity4.688%Apr 9, 2025Yield to maturity4.837%Apr 21, 2025Yield to maturity5.021%Apr 30, 2025Yield to maturity4.766%May 9, 2025Yield to maturity4.947%May 20, 2025Yield to maturity5.070%May 30, 2025Yield to maturity5.028%Jun 10, 2025Yield to maturity5.035%Jun 20, 2025Yield to maturity4.996%Jul 1, 2025Yield to maturity4.867%Jul 11, 2025Yield to maturity5.053%Jul 22, 2025Yield to maturity4.992%Jul 31, 2025Yield to maturity4.963%Aug 11, 2025Yield to maturity4.922%Aug 20, 2025Yield to maturity4.970%Aug 29, 2025Yield to maturity4.999%Sep 10, 2025Yield to maturity4.761%Sep 19, 2025Yield to maturity4.822%Sep 30, 2025Yield to maturity4.801%Oct 9, 2025Yield to maturity4.794%Oct 21, 2025Yield to maturity4.613%Oct 30, 2025Yield to maturity4.724%Nov 10, 2025Yield to maturity4.788%Nov 20, 2025Yield to maturity4.818%Dec 2, 2025Yield to maturity4.828%Dec 11, 2025Yield to maturity4.883%Dec 22, 2025Yield to maturity4.938%Jan 2, 2026Yield to maturity4.971%Jan 13, 2026Yield to maturity4.925%Jan 23, 2026Yield to maturity4.922%Feb 3, 2026Yield to maturity4.999%Feb 12, 2026Yield to maturity4.822%Feb 24, 2026Yield to maturity4.802%Mar 5, 2026Yield to maturity4.856%Mar 16, 2026Yield to maturity4.981%Mar 25, 2026Yield to maturity5.023%Apr 3, 2026Yield to maturity5.041%Apr 14, 2026Yield to maturity4.991%Apr 23, 2026Yield to maturity5.041%May 4, 2026Yield to maturity5.142%May 13, 2026Yield to maturity5.164%May 22, 2026Yield to maturity5.190%Jun 3, 2026Yield to maturity5.117%Jun 12, 2026Yield to maturity5.095%Jun 24, 2026Yield to maturity4.981%Jul 6, 2026Yield to maturity5.110%Jul 15, 2026Yield to maturity5.198%Jul 24, 2026Yield to maturity5.284%Aug 4, 2026Yield to maturity5.306%Aug 13, 2026Yield to maturity5.332%Aug 24, 2026Yield to maturity5.329%Sep 2, 2026Yield to maturity5.374%Sep 14, 2026Yield to maturity5.441%Sep 23, 2026Yield to maturity5.492%Oct 2, 2026Yield to maturity5.710%Oct 14, 2026Yield to maturity5.612%Oct 23, 2026Yield to maturity5.430%Nov 3, 2026Yield to maturity5.414%Nov 9, 2026Yield to maturity5.363%

Price history

1,622 trading days to Nov 9, 2026

405060708090100110May 15, 2020Nov 9, 2026May 15, 2020Close98.219May 27, 2020Close95.500Jun 5, 2020Close89.938Jun 16, 2020Close93.156Jun 25, 2020Close95.750Jul 7, 2020Close96.906Jul 16, 2020Close98.594Jul 27, 2020Close99.906Aug 5, 2020Close100.719Aug 14, 2020Close95.250Aug 25, 2020Close96.500Sep 3, 2020Close97.656Sep 15, 2020Close95.656Sep 24, 2020Close96.219Oct 5, 2020Close92.250Oct 15, 2020Close93.594Oct 26, 2020Close91.844Nov 4, 2020Close92.844Nov 16, 2020Close90.313Nov 25, 2020Close91.063Dec 7, 2020Close89.625Dec 16, 2020Close90.281Dec 28, 2020Close90.188Jan 7, 2021Close86.313Jan 19, 2021Close86.500Jan 28, 2021Close87.094Feb 8, 2021Close84.156Feb 18, 2021Close81.625Mar 1, 2021Close78.719Mar 10, 2021Close78.438Mar 19, 2021Close74.781Mar 30, 2021Close75.938Apr 8, 2021Close77.156Apr 19, 2021Close77.594Apr 28, 2021Close77.656May 7, 2021Close77.938May 18, 2021Close76.063May 27, 2021Close77.469Jun 8, 2021Close79.000Jun 17, 2021Close80.906Jun 28, 2021Close81.000Jul 8, 2021Close84.719Jul 19, 2021Close86.781Jul 28, 2021Close84.875Aug 6, 2021Close84.219Aug 17, 2021Close84.750Aug 26, 2021Close84.500Sep 7, 2021Close83.563Sep 16, 2021Close85.625Sep 27, 2021Close83.500Oct 6, 2021Close81.906Oct 18, 2021Close83.188Oct 27, 2021Close84.500Nov 5, 2021Close85.906Nov 17, 2021Close83.375Nov 29, 2021Close85.813Dec 8, 2021Close85.688Dec 17, 2021Close86.625Dec 29, 2021Close83.969Jan 7, 2022Close81.094Jan 19, 2022Close80.656Jan 28, 2022Close81.969Feb 8, 2022Close78.750Feb 17, 2022Close77.281Mar 1, 2022Close80.844Mar 10, 2022Close75.844Mar 21, 2022Close73.063Mar 30, 2022Close74.281Apr 8, 2022Close69.844Apr 20, 2022Close67.844Apr 29, 2022Close66.938May 10, 2022Close64.313May 19, 2022Close64.938May 31, 2022Close64.563Jun 9, 2022Close63.281Jun 21, 2022Close60.438Jun 30, 2022Close64.063Jul 12, 2022Close64.094Jul 21, 2022Close64.875Aug 1, 2022Close67.063Aug 10, 2022Close65.313Aug 19, 2022Close62.438Aug 30, 2022Close62.531Sep 9, 2022Close59.375Sep 20, 2022Close58.063Sep 29, 2022Close56.750Oct 11, 2022Close54.375Oct 20, 2022Close51.000Oct 31, 2022Close51.188Nov 9, 2022Close50.438Nov 21, 2022Close53.969Dec 1, 2022Close57.563Dec 12, 2022Close58.719Dec 21, 2022Close56.531Jan 3, 2023Close55.031Jan 12, 2023Close59.031Jan 24, 2023Close58.656Feb 2, 2023Close59.594Feb 13, 2023Close56.938Feb 23, 2023Close55.750Mar 6, 2023Close55.438Mar 15, 2023Close57.969Mar 24, 2023Close58.469Apr 4, 2023Close59.000Apr 13, 2023Close57.906Apr 24, 2023Close57.531May 3, 2023Close57.969May 12, 2023Close56.813May 23, 2023Close54.750Jun 2, 2023Close55.594Jun 13, 2023Close55.031Jun 23, 2023Close56.531Jul 5, 2023Close55.094Jul 14, 2023Close55.250Jul 25, 2023Close55.156Aug 3, 2023Close51.156Aug 14, 2023Close51.406Aug 23, 2023Close51.469Sep 1, 2023Close51.375Sep 13, 2023Close50.906Sep 22, 2023Close48.906Oct 3, 2023Close44.938Oct 13, 2023Close46.469Oct 24, 2023Close45.031Nov 2, 2023Close46.219Nov 13, 2023Close46.688Nov 22, 2023Close48.594Dec 4, 2023Close49.844Dec 13, 2023Close52.281Dec 22, 2023Close53.625Jan 4, 2024Close52.844Jan 16, 2024Close50.938Jan 25, 2024Close50.219Feb 5, 2024Close50.688Feb 14, 2024Close49.844Feb 26, 2024Close50.375Mar 6, 2024Close52.000Mar 15, 2024Close50.156Mar 26, 2024Close50.563Apr 5, 2024Close49.344Apr 16, 2024Close47.250Apr 25, 2024Close46.906May 6, 2024Close48.563May 15, 2024Close49.656May 24, 2024Close49.188Jun 5, 2024Close50.438Jun 14, 2024Close51.375Jun 26, 2024Close50.438Jul 8, 2024Close50.281Jul 17, 2024Close51.063Jul 26, 2024Close50.219Aug 6, 2024Close52.875Aug 15, 2024Close52.813Aug 26, 2024Close53.563Sep 5, 2024Close54.656Sep 16, 2024Close55.656Sep 25, 2024Close53.438Oct 4, 2024Close52.000Oct 16, 2024Close51.781Oct 25, 2024Close49.844Nov 5, 2024Close50.594Nov 15, 2024Close48.781Nov 26, 2024Close50.031Dec 6, 2024Close51.594Dec 17, 2024Close49.219Dec 27, 2024Close47.188Jan 8, 2025Close46.281Jan 17, 2025Close47.125Jan 29, 2025Close47.594Feb 7, 2025Close48.531Feb 19, 2025Close47.844Feb 28, 2025Close50.094Mar 11, 2025Close49.281Mar 20, 2025Close49.875Mar 31, 2025Close49.563Apr 9, 2025Close48.188Apr 21, 2025Close46.563Apr 30, 2025Close48.906May 9, 2025Close47.281May 20, 2025Close46.219May 30, 2025Close46.625Jun 10, 2025Close46.594Jun 20, 2025Close46.969Jul 1, 2025Close48.156Jul 11, 2025Close46.531Jul 22, 2025Close47.094Jul 31, 2025Close47.375Aug 11, 2025Close47.781Aug 20, 2025Close47.375Aug 29, 2025Close47.156Sep 10, 2025Close49.344Sep 19, 2025Close48.813Sep 30, 2025Close49.031Oct 9, 2025Close49.125Oct 21, 2025Close50.875Oct 30, 2025Close49.844Nov 10, 2025Close49.281Nov 20, 2025Close49.031Dec 2, 2025Close48.969Dec 11, 2025Close48.500Dec 22, 2025Close48.031Jan 2, 2026Close47.781Jan 13, 2026Close48.219Jan 23, 2026Close48.281Feb 3, 2026Close47.625Feb 12, 2026Close49.250Feb 24, 2026Close49.469Mar 5, 2026Close49.000Mar 16, 2026Close47.906Mar 25, 2026Close47.563Apr 3, 2026Close47.438Apr 14, 2026Close47.906Apr 23, 2026Close47.500May 4, 2026Close46.656May 13, 2026Close46.500May 22, 2026Close46.313Jun 3, 2026Close46.969Jun 12, 2026Close47.188Jun 24, 2026Close48.219Jul 6, 2026Close47.125Jul 15, 2026Close46.406Jul 24, 2026Close45.719Aug 4, 2026Close45.563Aug 13, 2026Close45.375Aug 24, 2026Close45.438Sep 2, 2026Close45.094Sep 14, 2026Close44.594Sep 23, 2026Close44.219Oct 2, 2026Close42.563Oct 14, 2026Close43.344Oct 23, 2026Close44.813Nov 3, 2026Close44.969Nov 9, 2026Close45.406
The most recent 20 trading days of prices for 912810SN9.
DateBidOfferClose
Nov 9, 202645.40645.45345.406
Nov 6, 202645.50045.53145.438
Nov 5, 202645.50045.54745.500
Nov 4, 202645.09445.12545.281
Nov 3, 202645.03145.09444.969
Nov 2, 202645.53145.56345.281
Oct 30, 202644.93844.98444.969
Oct 29, 202644.93844.98444.938
Oct 28, 202644.87544.90644.469
Oct 27, 202645.03145.07845.063
Oct 26, 202645.00045.04745.000
Oct 23, 202644.93845.00044.813
Oct 22, 202644.81344.87545.188
Oct 21, 202644.18844.23444.125
Oct 20, 202644.09444.14144.125
Oct 19, 202643.78143.82843.625
Oct 16, 202644.18844.23444.094
Oct 15, 202644.12544.17244.094
Oct 14, 202643.03143.07843.344
Oct 13, 202643.15643.18843.125

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 912810SN9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 13, 2020May 15, 2020New issue$22.0bn$33.6bn2.30x1.342%
Jun 11, 2020Jun 15, 2020Reopening$19.0bn$19.3bn2.30x1.450%
Jul 9, 2020Jul 15, 2020Reopening$19.0bn$20.7bn2.50x1.330%

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.