Treasury bond

912810TC2 · 2% due November 15, 2041

Original term
20-Year
Maturity
Nov 15, 2041
Coupon
2.000%
Pays
Semi-Annual
Dated
Nov 15, 2021
First coupon
May 15, 2022
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$68.49bn
Held stripped
$14.7m
Share stripped
0.02%

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, September 30, 2026

Yield to maturity
5.601%
Modified duration
11.986 yr
DV01
0.0771
Convexity
1.71
Dirty price
64.349

Where its rate sensitivity sits

<.01
0.01
0.03
0.06
0.13
0.24
0.39
0.74
10.43
0.25
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 12.272 years against a modified duration of 11.986.

Against the fitted curve

Priced 0.3 bp rich to the curve on that day, 2.65 cents per 100 of face.

That is -2.15 standard deviations from its own typical residual.

Yield to maturity, 1,211 observations

1%2%3%4%5%6%Nov 30, 2021Sep 30, 2026Nov 30, 2021Yield to maturity1.846%Dec 8, 2021Yield to maturity1.926%Dec 16, 2021Yield to maturity1.907%Dec 27, 2021Yield to maturity1.922%Jan 4, 2022Yield to maturity2.100%Jan 12, 2022Yield to maturity2.136%Jan 21, 2022Yield to maturity2.132%Jan 31, 2022Yield to maturity2.178%Feb 8, 2022Yield to maturity2.313%Feb 16, 2022Yield to maturity2.403%Feb 25, 2022Yield to maturity2.394%Mar 7, 2022Yield to maturity2.309%Mar 15, 2022Yield to maturity2.591%Mar 23, 2022Yield to maturity2.661%Mar 31, 2022Yield to maturity2.607%Apr 8, 2022Yield to maturity2.971%Apr 19, 2022Yield to maturity3.221%Apr 27, 2022Yield to maturity3.119%May 5, 2022Yield to maturity3.386%May 13, 2022Yield to maturity3.355%May 23, 2022Yield to maturity3.309%Jun 1, 2022Yield to maturity3.350%Jun 9, 2022Yield to maturity3.445%Jun 17, 2022Yield to maturity3.596%Jun 28, 2022Yield to maturity3.611%Jul 7, 2022Yield to maturity3.508%Jul 15, 2022Yield to maturity3.393%Jul 25, 2022Yield to maturity3.336%Aug 2, 2022Yield to maturity3.270%Aug 10, 2022Yield to maturity3.331%Aug 18, 2022Yield to maturity3.418%Aug 26, 2022Yield to maturity3.517%Sep 6, 2022Yield to maturity3.823%Sep 14, 2022Yield to maturity3.830%Sep 22, 2022Yield to maturity4.033%Sep 30, 2022Yield to maturity4.188%Oct 11, 2022Yield to maturity4.309%Oct 19, 2022Yield to maturity4.475%Oct 27, 2022Yield to maturity4.419%Nov 4, 2022Yield to maturity4.593%Nov 15, 2022Yield to maturity4.297%Nov 23, 2022Yield to maturity4.082%Dec 2, 2022Yield to maturity3.889%Dec 12, 2022Yield to maturity3.933%Dec 20, 2022Yield to maturity4.019%Dec 29, 2022Yield to maturity4.161%Jan 9, 2023Yield to maturity3.880%Jan 18, 2023Yield to maturity3.700%Jan 26, 2023Yield to maturity3.798%Feb 3, 2023Yield to maturity3.825%Feb 13, 2023Yield to maturity3.967%Feb 22, 2023Yield to maturity4.154%Mar 2, 2023Yield to maturity4.299%Mar 10, 2023Yield to maturity3.948%Mar 20, 2023Yield to maturity3.896%Mar 28, 2023Yield to maturity3.954%Apr 5, 2023Yield to maturity3.719%Apr 13, 2023Yield to maturity3.842%Apr 21, 2023Yield to maturity3.955%May 1, 2023Yield to maturity3.994%May 9, 2023Yield to maturity3.981%May 17, 2023Yield to maturity4.021%May 25, 2023Yield to maturity4.226%Jun 5, 2023Yield to maturity4.072%Jun 13, 2023Yield to maturity4.162%Jun 22, 2023Yield to maturity4.102%Jun 30, 2023Yield to maturity4.093%Jul 11, 2023Yield to maturity4.256%Jul 19, 2023Yield to maturity4.056%Jul 27, 2023Yield to maturity4.294%Aug 4, 2023Yield to maturity4.395%Aug 14, 2023Yield to maturity4.482%Aug 22, 2023Yield to maturity4.634%Aug 30, 2023Yield to maturity4.446%Sep 8, 2023Yield to maturity4.557%Sep 18, 2023Yield to maturity4.620%Sep 26, 2023Yield to maturity4.928%Oct 4, 2023Yield to maturity5.122%Oct 13, 2023Yield to maturity5.024%Oct 23, 2023Yield to maturity5.246%Oct 31, 2023Yield to maturity5.271%Nov 8, 2023Yield to maturity4.859%Nov 16, 2023Yield to maturity4.855%Nov 27, 2023Yield to maturity4.782%Dec 5, 2023Yield to maturity4.545%Dec 13, 2023Yield to maturity4.408%Dec 21, 2023Yield to maturity4.238%Jan 2, 2024Yield to maturity4.262%Jan 10, 2024Yield to maturity4.373%Jan 19, 2024Yield to maturity4.506%Jan 29, 2024Yield to maturity4.441%Feb 6, 2024Yield to maturity4.422%Feb 14, 2024Yield to maturity4.604%Feb 23, 2024Yield to maturity4.565%Mar 4, 2024Yield to maturity4.532%Mar 12, 2024Yield to maturity4.458%Mar 20, 2024Yield to maturity4.573%Mar 28, 2024Yield to maturity4.466%Apr 5, 2024Yield to maturity4.664%Apr 15, 2024Yield to maturity4.885%Apr 23, 2024Yield to maturity4.864%May 1, 2024Yield to maturity4.857%May 9, 2024Yield to maturity4.708%May 17, 2024Yield to maturity4.669%May 28, 2024Yield to maturity4.775%Jun 5, 2024Yield to maturity4.533%Jun 13, 2024Yield to maturity4.497%Jun 24, 2024Yield to maturity4.484%Jul 2, 2024Yield to maturity4.724%Jul 11, 2024Yield to maturity4.503%Jul 19, 2024Yield to maturity4.551%Jul 29, 2024Yield to maturity4.508%Aug 6, 2024Yield to maturity4.257%Aug 14, 2024Yield to maturity4.200%Aug 22, 2024Yield to maturity4.233%Aug 30, 2024Yield to maturity4.296%Sep 10, 2024Yield to maturity4.040%Sep 18, 2024Yield to maturity4.103%Sep 26, 2024Yield to maturity4.185%Oct 4, 2024Yield to maturity4.341%Oct 15, 2024Yield to maturity4.389%Oct 23, 2024Yield to maturity4.599%Oct 31, 2024Yield to maturity4.579%Nov 8, 2024Yield to maturity4.599%Nov 19, 2024Yield to maturity4.676%Nov 27, 2024Yield to maturity4.546%Dec 6, 2024Yield to maturity4.435%Dec 16, 2024Yield to maturity4.705%Dec 24, 2024Yield to maturity4.884%Jan 3, 2025Yield to maturity4.898%Jan 13, 2025Yield to maturity5.071%Jan 22, 2025Yield to maturity4.898%Jan 30, 2025Yield to maturity4.814%Feb 7, 2025Yield to maturity4.746%Feb 18, 2025Yield to maturity4.821%Feb 26, 2025Yield to maturity4.550%Mar 6, 2025Yield to maturity4.636%Mar 14, 2025Yield to maturity4.647%Mar 24, 2025Yield to maturity4.670%Apr 1, 2025Yield to maturity4.522%Apr 9, 2025Yield to maturity4.782%Apr 17, 2025Yield to maturity4.834%Apr 25, 2025Yield to maturity4.748%May 5, 2025Yield to maturity4.848%May 13, 2025Yield to maturity4.982%May 21, 2025Yield to maturity5.122%May 30, 2025Yield to maturity4.929%Jun 9, 2025Yield to maturity4.975%Jun 17, 2025Yield to maturity4.886%Jun 26, 2025Yield to maturity4.802%Jul 7, 2025Yield to maturity4.922%Jul 15, 2025Yield to maturity5.007%Jul 23, 2025Yield to maturity4.910%Jul 31, 2025Yield to maturity4.854%Aug 8, 2025Yield to maturity4.801%Aug 18, 2025Yield to maturity4.885%Aug 26, 2025Yield to maturity4.822%Sep 4, 2025Yield to maturity4.759%Sep 12, 2025Yield to maturity4.594%Sep 22, 2025Yield to maturity4.676%Sep 30, 2025Yield to maturity4.648%Oct 8, 2025Yield to maturity4.641%Oct 17, 2025Yield to maturity4.523%Oct 27, 2025Yield to maturity4.488%Nov 4, 2025Yield to maturity4.586%Nov 13, 2025Yield to maturity4.620%Nov 21, 2025Yield to maturity4.607%Dec 2, 2025Yield to maturity4.644%Dec 10, 2025Yield to maturity4.706%Dec 18, 2025Yield to maturity4.699%Dec 29, 2025Yield to maturity4.682%Jan 7, 2026Yield to maturity4.679%Jan 15, 2026Yield to maturity4.665%Jan 26, 2026Yield to maturity4.690%Feb 3, 2026Yield to maturity4.780%Feb 11, 2026Yield to maturity4.689%Feb 20, 2026Yield to maturity4.589%Mar 2, 2026Yield to maturity4.565%Mar 10, 2026Yield to maturity4.661%Mar 18, 2026Yield to maturity4.791%Mar 26, 2026Yield to maturity4.909%Apr 3, 2026Yield to maturity4.849%Apr 13, 2026Yield to maturity4.809%Apr 21, 2026Yield to maturity4.798%Apr 29, 2026Yield to maturity4.906%May 7, 2026Yield to maturity4.888%May 15, 2026Yield to maturity5.072%May 26, 2026Yield to maturity4.954%Jun 3, 2026Yield to maturity4.921%Jun 11, 2026Yield to maturity4.881%Jun 22, 2026Yield to maturity4.896%Jun 30, 2026Yield to maturity4.845%Jul 9, 2026Yield to maturity4.984%Jul 17, 2026Yield to maturity4.992%Jul 27, 2026Yield to maturity5.081%Aug 4, 2026Yield to maturity5.107%Aug 12, 2026Yield to maturity5.168%Aug 20, 2026Yield to maturity5.126%Aug 28, 2026Yield to maturity5.123%Sep 8, 2026Yield to maturity5.165%Sep 16, 2026Yield to maturity5.315%Sep 24, 2026Yield to maturity5.465%Sep 30, 2026Yield to maturity5.601%

Price history

1,211 trading days to Sep 30, 2026

60708090100110Nov 30, 2021Sep 30, 2026Nov 30, 2021Close102.563Dec 8, 2021Close101.219Dec 16, 2021Close101.531Dec 27, 2021Close101.281Jan 4, 2022Close98.375Jan 12, 2022Close97.813Jan 21, 2022Close97.875Jan 31, 2022Close97.156Feb 8, 2022Close95.063Feb 16, 2022Close93.688Feb 25, 2022Close93.844Mar 7, 2022Close95.125Mar 15, 2022Close90.938Mar 23, 2022Close89.938Mar 31, 2022Close90.719Apr 8, 2022Close85.656Apr 19, 2022Close82.375Apr 27, 2022Close83.719May 5, 2022Close80.313May 13, 2022Close80.719May 23, 2022Close81.313Jun 1, 2022Close80.813Jun 9, 2022Close79.656Jun 17, 2022Close77.844Jun 28, 2022Close77.688Jul 7, 2022Close78.938Jul 15, 2022Close80.375Jul 25, 2022Close81.094Aug 2, 2022Close81.938Aug 10, 2022Close81.188Aug 18, 2022Close80.125Aug 26, 2022Close78.938Sep 6, 2022Close75.375Sep 14, 2022Close75.313Sep 22, 2022Close73.063Sep 30, 2022Close71.406Oct 11, 2022Close70.156Oct 19, 2022Close68.469Oct 27, 2022Close69.063Nov 4, 2022Close67.344Nov 15, 2022Close70.375Nov 23, 2022Close72.688Dec 2, 2022Close74.844Dec 12, 2022Close74.375Dec 20, 2022Close73.438Dec 29, 2022Close71.938Jan 9, 2023Close75.031Jan 18, 2023Close77.094Jan 26, 2023Close76.000Feb 3, 2023Close75.719Feb 13, 2023Close74.156Feb 22, 2023Close72.156Mar 2, 2023Close70.656Mar 10, 2023Close74.438Mar 20, 2023Close75.031Mar 28, 2023Close74.406Apr 5, 2023Close77.063Apr 13, 2023Close75.688Apr 21, 2023Close74.469May 1, 2023Close74.063May 9, 2023Close74.219May 17, 2023Close73.813May 25, 2023Close71.656Jun 5, 2023Close73.313Jun 13, 2023Close72.375Jun 22, 2023Close73.031Jun 30, 2023Close73.156Jul 11, 2023Close71.469Jul 19, 2023Close73.594Jul 27, 2023Close71.125Aug 4, 2023Close70.125Aug 14, 2023Close69.281Aug 22, 2023Close67.813Aug 30, 2023Close69.688Sep 8, 2023Close68.625Sep 18, 2023Close68.031Sep 26, 2023Close65.156Oct 4, 2023Close63.438Oct 13, 2023Close64.344Oct 23, 2023Close62.406Oct 31, 2023Close62.219Nov 8, 2023Close65.938Nov 16, 2023Close66.000Nov 27, 2023Close66.719Dec 5, 2023Close69.000Dec 13, 2023Close70.375Dec 21, 2023Close72.125Jan 2, 2024Close71.906Jan 10, 2024Close70.813Jan 19, 2024Close69.531Jan 29, 2024Close70.188Feb 6, 2024Close70.406Feb 14, 2024Close68.656Feb 23, 2024Close69.063Mar 4, 2024Close69.406Mar 12, 2024Close70.156Mar 20, 2024Close69.063Mar 28, 2024Close70.125Apr 5, 2024Close68.250Apr 15, 2024Close66.219Apr 23, 2024Close66.438May 1, 2024Close66.531May 9, 2024Close67.938May 17, 2024Close68.344May 28, 2024Close67.375Jun 5, 2024Close69.688Jun 13, 2024Close70.063Jun 24, 2024Close70.219Jul 2, 2024Close67.969Jul 11, 2024Close70.094Jul 19, 2024Close69.656Jul 29, 2024Close70.094Aug 6, 2024Close72.594Aug 14, 2024Close73.188Aug 22, 2024Close72.875Aug 30, 2024Close72.281Sep 10, 2024Close74.906Sep 18, 2024Close74.281Sep 26, 2024Close73.469Oct 4, 2024Close71.938Oct 15, 2024Close71.500Oct 23, 2024Close69.500Oct 31, 2024Close69.719Nov 8, 2024Close69.563Nov 19, 2024Close68.875Nov 27, 2024Close70.125Dec 6, 2024Close71.219Dec 16, 2024Close68.688Dec 24, 2024Close67.094Jan 3, 2025Close67.000Jan 13, 2025Close65.500Jan 22, 2025Close67.063Jan 30, 2025Close67.844Feb 7, 2025Close68.500Feb 18, 2025Close67.844Feb 26, 2025Close70.375Mar 6, 2025Close69.594Mar 14, 2025Close69.531Mar 24, 2025Close69.344Apr 1, 2025Close70.750Apr 9, 2025Close68.375Apr 17, 2025Close67.938Apr 25, 2025Close68.750May 5, 2025Close67.875May 13, 2025Close66.719May 21, 2025Close65.531May 30, 2025Close67.250Jun 9, 2025Close66.875Jun 17, 2025Close67.688Jun 26, 2025Close68.469Jul 7, 2025Close67.438Jul 15, 2025Close66.719Jul 23, 2025Close67.594Jul 31, 2025Close68.125Aug 8, 2025Close68.625Aug 18, 2025Close67.906Aug 26, 2025Close68.500Sep 4, 2025Close69.094Sep 12, 2025Close70.625Sep 22, 2025Close69.906Sep 30, 2025Close70.188Oct 8, 2025Close70.281Oct 17, 2025Close71.406Oct 27, 2025Close71.750Nov 4, 2025Close70.875Nov 13, 2025Close70.594Nov 21, 2025Close70.750Dec 2, 2025Close70.438Dec 10, 2025Close69.906Dec 18, 2025Close70.000Dec 29, 2025Close70.188Jan 7, 2026Close70.250Jan 15, 2026Close70.406Jan 26, 2026Close70.219Feb 3, 2026Close69.438Feb 11, 2026Close70.281Feb 20, 2026Close71.219Mar 2, 2026Close71.469Mar 10, 2026Close70.625Mar 18, 2026Close69.500Mar 26, 2026Close68.500Apr 3, 2026Close69.063Apr 13, 2026Close69.438Apr 21, 2026Close69.563Apr 29, 2026Close68.656May 7, 2026Close68.844May 15, 2026Close67.313May 26, 2026Close68.344Jun 3, 2026Close68.656Jun 11, 2026Close69.031Jun 22, 2026Close68.938Jun 30, 2026Close69.406Jul 9, 2026Close68.250Jul 17, 2026Close68.219Jul 27, 2026Close67.500Aug 4, 2026Close67.313Aug 12, 2026Close66.844Aug 20, 2026Close67.219Aug 28, 2026Close67.281Sep 8, 2026Close66.969Sep 16, 2026Close65.781Sep 24, 2026Close64.625Sep 30, 2026Close63.594
The most recent 20 trading days of prices for 912810TC2.
DateBidOfferClose
Sep 30, 202663.76663.68863.594
Sep 29, 202663.71963.65663.875
Sep 28, 202664.00063.90664.063
Sep 25, 202664.37564.28164.563
Sep 24, 202664.93864.87564.625
Sep 23, 202665.57865.53165.281
Sep 22, 202666.35966.31366.406
Sep 21, 202666.37566.31366.375
Sep 18, 202666.00065.93865.938
Sep 17, 202666.42266.37566.438
Sep 16, 202666.10966.06365.781
Sep 15, 202665.82865.78165.781
Sep 14, 202666.00065.93865.938
Sep 11, 202666.21966.15665.875
Sep 10, 202666.20366.15665.844
Sep 9, 202666.62566.56366.750
Sep 8, 202667.10967.06366.969
Sep 4, 202667.14167.09467.031
Sep 3, 202667.21967.18867.063
Sep 2, 202666.82866.78166.844

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.

4 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 912810TC2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 17, 2021Nov 30, 2021New issue$23.0bn$24.9bn2.34x2.065%
Dec 2, 2021Dec 6, 2021Reopening$0.0bn$0.0bn2.92x1.872%
Dec 21, 2021Dec 31, 2021Reopening$20.0bn$22.7bn2.59x1.942%
Jan 19, 2022Jan 31, 2022Reopening$20.0bn$23.0bn2.48x2.210%

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.