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
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$62.90bn
Held stripped
$20.7m
Share stripped
0.03%

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
5.203%
Modified duration
11.987 yr
DV01
0.0814
Convexity
1.7
Dirty price
67.879

Where its rate sensitivity sits

0.01
0.02
0.05
0.13
0.23
0.38
0.74
10.67
0.03
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 9 of twelve buckets, summing to 12.253 years against a modified duration of 11.987.

Against the fitted curve

Priced 0.7 bp cheap to the curve on that day, 5.39 cents per 100 of face.

That is -0.75 standard deviations from its own typical residual.

Yield to maturity, 1,236 observations

1%2%3%4%5%6%Nov 30, 2021Nov 9, 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 8, 2024Yield to maturity4.678%Apr 16, 2024Yield to maturity4.913%Apr 24, 2024Yield to maturity4.913%May 2, 2024Yield to maturity4.830%May 10, 2024Yield to maturity4.753%May 20, 2024Yield to maturity4.682%May 29, 2024Yield to maturity4.857%Jun 6, 2024Yield to maturity4.517%Jun 14, 2024Yield to maturity4.463%Jun 25, 2024Yield to maturity4.472%Jul 3, 2024Yield to maturity4.644%Jul 12, 2024Yield to maturity4.494%Jul 22, 2024Yield to maturity4.575%Jul 30, 2024Yield to maturity4.489%Aug 7, 2024Yield to maturity4.335%Aug 15, 2024Yield to maturity4.278%Aug 23, 2024Yield to maturity4.191%Sep 3, 2024Yield to maturity4.215%Sep 11, 2024Yield to maturity4.037%Sep 19, 2024Yield to maturity4.130%Sep 27, 2024Yield to maturity4.149%Oct 7, 2024Yield to maturity4.389%Oct 16, 2024Yield to maturity4.379%Oct 24, 2024Yield to maturity4.554%Nov 1, 2024Yield to maturity4.690%Nov 12, 2024Yield to maturity4.717%Nov 20, 2024Yield to maturity4.699%Nov 29, 2024Yield to maturity4.475%Dec 9, 2024Yield to maturity4.487%Dec 17, 2024Yield to maturity4.712%Dec 26, 2024Yield to maturity4.877%Jan 6, 2025Yield to maturity4.923%Jan 14, 2025Yield to maturity5.086%Jan 23, 2025Yield to maturity4.944%Jan 31, 2025Yield to maturity4.881%Feb 10, 2025Yield to maturity4.757%Feb 19, 2025Yield to maturity4.815%Feb 27, 2025Yield to maturity4.594%Mar 7, 2025Yield to maturity4.665%Mar 17, 2025Yield to maturity4.627%Mar 25, 2025Yield to maturity4.657%Apr 2, 2025Yield to maturity4.552%Apr 10, 2025Yield to maturity4.915%Apr 21, 2025Yield to maturity4.958%Apr 29, 2025Yield to maturity4.646%May 7, 2025Yield to maturity4.783%May 15, 2025Yield to maturity4.943%May 23, 2025Yield to maturity5.062%Jun 3, 2025Yield to maturity4.994%Jun 11, 2025Yield to maturity4.908%Jun 20, 2025Yield to maturity4.891%Jun 30, 2025Yield to maturity4.765%Jul 9, 2025Yield to maturity4.848%Jul 17, 2025Yield to maturity4.997%Jul 25, 2025Yield to maturity4.898%Aug 4, 2025Yield to maturity4.730%Aug 12, 2025Yield to maturity4.820%Aug 20, 2025Yield to maturity4.833%Aug 28, 2025Yield to maturity4.787%Sep 8, 2025Yield to maturity4.596%Sep 16, 2025Yield to maturity4.558%Sep 24, 2025Yield to maturity4.666%Oct 2, 2025Yield to maturity4.601%Oct 10, 2025Yield to maturity4.554%Oct 21, 2025Yield to maturity4.466%Oct 29, 2025Yield to maturity4.536%Nov 6, 2025Yield to maturity4.607%Nov 17, 2025Yield to maturity4.642%Nov 25, 2025Yield to maturity4.553%Dec 4, 2025Yield to maturity4.669%Dec 12, 2025Yield to maturity4.778%Dec 22, 2025Yield to maturity4.739%Dec 31, 2025Yield to maturity4.722%Jan 9, 2026Yield to maturity4.687%Jan 20, 2026Yield to maturity4.803%Jan 28, 2026Yield to maturity4.750%Feb 5, 2026Yield to maturity4.725%Feb 13, 2026Yield to maturity4.563%Feb 24, 2026Yield to maturity4.559%Mar 4, 2026Yield to maturity4.590%Mar 12, 2026Yield to maturity4.796%Mar 20, 2026Yield to maturity4.936%Mar 30, 2026Yield to maturity4.853%Apr 7, 2026Yield to maturity4.832%Apr 15, 2026Yield to maturity4.792%Apr 23, 2026Yield to maturity4.835%May 1, 2026Yield to maturity4.886%May 11, 2026Yield to maturity4.897%May 19, 2026Yield to maturity5.132%May 28, 2026Yield to maturity4.904%Jun 5, 2026Yield to maturity4.959%Jun 15, 2026Yield to maturity4.893%Jun 24, 2026Yield to maturity4.792%Jul 2, 2026Yield to maturity4.916%Jul 13, 2026Yield to maturity5.045%Jul 21, 2026Yield to maturity5.067%Jul 29, 2026Yield to maturity5.142%Aug 6, 2026Yield to maturity5.146%Aug 14, 2026Yield to maturity5.174%Aug 24, 2026Yield to maturity5.124%Sep 1, 2026Yield to maturity5.181%Sep 10, 2026Yield to maturity5.305%Sep 18, 2026Yield to maturity5.298%Sep 28, 2026Yield to maturity5.539%Oct 6, 2026Yield to maturity5.604%Oct 15, 2026Yield to maturity5.405%Oct 23, 2026Yield to maturity5.289%Nov 2, 2026Yield to maturity5.223%Nov 9, 2026Yield to maturity5.203%

Price history

1,236 trading days to Nov 9, 2026

60708090100110Nov 30, 2021Nov 9, 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 8, 2024Close68.125Apr 16, 2024Close65.969Apr 24, 2024Close66.000May 2, 2024Close66.781May 10, 2024Close67.531May 20, 2024Close68.219May 29, 2024Close66.625Jun 6, 2024Close69.844Jun 14, 2024Close70.406Jun 25, 2024Close70.344Jul 3, 2024Close68.719Jul 12, 2024Close70.188Jul 22, 2024Close69.438Jul 30, 2024Close70.281Aug 7, 2024Close71.813Aug 15, 2024Close72.406Aug 23, 2024Close73.313Sep 3, 2024Close73.094Sep 11, 2024Close74.938Sep 19, 2024Close74.000Sep 27, 2024Close73.844Oct 7, 2024Close71.469Oct 16, 2024Close71.594Oct 24, 2024Close69.938Nov 1, 2024Close68.688Nov 12, 2024Close68.469Nov 20, 2024Close68.656Nov 29, 2024Close70.813Dec 9, 2024Close70.719Dec 17, 2024Close68.625Dec 26, 2024Close67.156Jan 6, 2025Close66.781Jan 14, 2025Close65.375Jan 23, 2025Close66.656Jan 31, 2025Close67.250Feb 10, 2025Close68.406Feb 19, 2025Close67.906Feb 27, 2025Close69.969Mar 7, 2025Close69.344Mar 17, 2025Close69.719Mar 25, 2025Close69.469Apr 2, 2025Close70.469Apr 10, 2025Close67.188Apr 21, 2025Close66.844Apr 29, 2025Close69.688May 7, 2025Close68.469May 15, 2025Close67.063May 23, 2025Close66.063Jun 3, 2025Close66.688Jun 11, 2025Close67.469Jun 20, 2025Close67.656Jun 30, 2025Close68.813Jul 9, 2025Close68.094Jul 17, 2025Close66.813Jul 25, 2025Close67.719Aug 4, 2025Close69.250Aug 12, 2025Close68.469Aug 20, 2025Close68.375Aug 28, 2025Close68.813Sep 8, 2025Close70.594Sep 16, 2025Close70.969Sep 24, 2025Close70.000Oct 2, 2025Close70.625Oct 10, 2025Close71.094Oct 21, 2025Close71.938Oct 29, 2025Close71.313Nov 6, 2025Close70.688Nov 17, 2025Close70.406Nov 25, 2025Close71.250Dec 4, 2025Close70.219Dec 12, 2025Close69.281Dec 22, 2025Close69.656Dec 31, 2025Close69.844Jan 9, 2026Close70.188Jan 20, 2026Close69.188Jan 28, 2026Close69.688Feb 5, 2026Close69.938Feb 13, 2026Close71.438Feb 24, 2026Close71.500Mar 4, 2026Close71.250Mar 12, 2026Close69.438Mar 20, 2026Close68.250Mar 30, 2026Close69.000Apr 7, 2026Close69.219Apr 15, 2026Close69.594Apr 23, 2026Close69.250May 1, 2026Close68.844May 11, 2026Close68.781May 19, 2026Close66.813May 28, 2026Close68.781Jun 5, 2026Close68.344Jun 15, 2026Close68.938Jun 24, 2026Close69.844Jul 2, 2026Close68.813Jul 13, 2026Close67.750Jul 21, 2026Close67.594Jul 29, 2026Close67.000Aug 6, 2026Close67.000Aug 14, 2026Close66.813Aug 24, 2026Close67.250Sep 1, 2026Close66.813Sep 10, 2026Close65.844Sep 18, 2026Close65.938Sep 28, 2026Close64.063Oct 6, 2026Close63.594Oct 15, 2026Close65.188Oct 23, 2026Close66.156Nov 2, 2026Close66.719Nov 9, 2026Close66.906
The most recent 20 trading days of prices for 912810TC2.
DateBidOfferClose
Nov 9, 202666.90666.96966.906
Nov 6, 202666.96967.03166.969
Nov 5, 202667.06367.12567.094
Nov 4, 202666.59466.65666.813
Nov 3, 202666.50066.56366.375
Nov 2, 202666.96967.03166.719
Oct 30, 202666.43866.50066.469
Oct 29, 202666.31366.39166.313
Oct 28, 202666.12566.17265.813
Oct 27, 202666.34466.40666.375
Oct 26, 202666.28166.35966.281
Oct 23, 202666.21966.28166.156
Oct 22, 202666.06366.14166.531
Oct 21, 202665.34465.42265.281
Oct 20, 202665.25065.31365.281
Oct 19, 202664.93865.01664.813
Oct 16, 202665.40665.45365.281
Oct 15, 202665.21965.29765.188
Oct 14, 202664.03164.10964.469
Oct 13, 202664.15664.23464.219

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.

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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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.