Treasury bond

912810TD0 · 2.25% due February 15, 2052

Original term
30-Year
Maturity
Feb 15, 2052
Coupon
2.250%
Pays
Semi-Annual
Dated
Feb 15, 2022
First coupon
Aug 15, 2022
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$85.02bn
Held stripped
$21.44bn
Share stripped
25.21%

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 10, 2026

Yield to maturity
5.456%
Modified duration
16.567 yr
DV01
0.0934
Convexity
363.360
Dirty price
56.353

Where its rate sensitivity sits

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 12 of twelve buckets, summing to 16.781 years against a modified duration of 16.567.

Against the fitted curve

Priced 1.9 bp rich to the curve on that day, 17.52 cents per 100 of face.

That is -0.06 standard deviations from its own typical residual.

Yield to maturity, 1,144 observations

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%Feb 15, 2022Sep 10, 2026Feb 15, 2022Yield to maturity2.367%Mar 24, 2022Yield to maturity2.511%May 2, 2022Yield to maturity3.059%Jun 8, 2022Yield to maturity3.200%Jul 18, 2022Yield to maturity3.151%Aug 23, 2022Yield to maturity3.307%Sep 29, 2022Yield to maturity3.739%Nov 7, 2022Yield to maturity4.349%Dec 15, 2022Yield to maturity3.534%Jan 25, 2023Yield to maturity3.649%Mar 3, 2023Yield to maturity3.897%Apr 10, 2023Yield to maturity3.648%May 16, 2023Yield to maturity3.900%Jun 23, 2023Yield to maturity3.839%Aug 1, 2023Yield to maturity4.116%Sep 7, 2023Yield to maturity4.382%Oct 16, 2023Yield to maturity4.898%Nov 21, 2023Yield to maturity4.619%Dec 29, 2023Yield to maturity4.086%Feb 7, 2024Yield to maturity4.375%Mar 15, 2024Yield to maturity4.487%Apr 22, 2024Yield to maturity4.759%May 29, 2024Yield to maturity4.773%Jul 8, 2024Yield to maturity4.509%Aug 13, 2024Yield to maturity4.242%Sep 19, 2024Yield to maturity4.141%Oct 28, 2024Yield to maturity4.601%Dec 5, 2024Yield to maturity4.416%Jan 14, 2025Yield to maturity5.054%Feb 21, 2025Yield to maturity4.754%Mar 31, 2025Yield to maturity4.685%May 6, 2025Yield to maturity4.914%Jun 12, 2025Yield to maturity4.936%Jul 22, 2025Yield to maturity4.991%Aug 27, 2025Yield to maturity5.004%Oct 3, 2025Yield to maturity4.794%Nov 12, 2025Yield to maturity4.752%Dec 19, 2025Yield to maturity4.925%Jan 29, 2026Yield to maturity4.938%Mar 9, 2026Yield to maturity4.814%Apr 14, 2026Yield to maturity4.965%May 20, 2026Yield to maturity5.209%Jun 29, 2026Yield to maturity4.953%Aug 5, 2026Yield to maturity5.277%Sep 10, 2026Yield to maturity5.456%

Price history

1,144 trading days to Sep 10, 2026

5060708090100110Feb 15, 2022Sep 10, 2026Feb 15, 2022Close97.500Mar 24, 2022Close94.531May 2, 2022Close84.250Jun 8, 2022Close81.875Jul 18, 2022Close82.750Aug 23, 2022Close80.188Sep 29, 2022Close73.594Nov 7, 2022Close65.438Dec 15, 2022Close76.750Jan 25, 2023Close75.063Mar 3, 2023Close71.563Apr 10, 2023Close75.188May 16, 2023Close71.625Jun 23, 2023Close72.531Aug 1, 2023Close68.844Sep 7, 2023Close65.531Oct 16, 2023Close59.656Nov 21, 2023Close62.844Dec 29, 2023Close69.469Feb 7, 2024Close65.875Mar 15, 2024Close64.594Apr 22, 2024Close61.531May 29, 2024Close61.438Jul 8, 2024Close64.531Aug 13, 2024Close67.844Sep 19, 2024Close69.188Oct 28, 2024Close63.656Dec 5, 2024Close65.906Jan 14, 2025Close58.875Feb 21, 2025Close62.156Mar 31, 2025Close63.000May 6, 2025Close60.563Jun 12, 2025Close60.406Jul 22, 2025Close59.906Aug 27, 2025Close59.844Oct 3, 2025Close62.156Nov 12, 2025Close62.688Dec 19, 2025Close60.906Jan 29, 2026Close60.844Mar 9, 2026Close62.250Apr 14, 2026Close60.719May 20, 2026Close58.313Jun 29, 2026Close61.000Aug 5, 2026Close57.813Sep 10, 2026Close56.188
The most recent 20 trading days of prices for 912810TD0.
DateBidOfferClose
Sep 10, 202656.46956.43856.188
Sep 9, 202656.85956.81357.063
Sep 8, 202657.37557.34457.281
Sep 4, 202657.39157.37557.344
Sep 3, 202657.45357.43857.281
Sep 2, 202657.07857.06357.063
Sep 1, 202657.32857.31357.094
Aug 31, 202657.15657.12557.281
Aug 28, 202657.93857.90657.594
Aug 27, 202657.96957.93857.813
Aug 26, 202657.96957.93857.938
Aug 25, 202657.98457.96958.031
Aug 24, 202657.62557.59457.469
Aug 21, 202657.09457.06357.000
Aug 20, 202657.21957.18857.375
Aug 19, 202657.62557.59457.688
Aug 18, 202656.64156.62556.750
Aug 17, 202656.79756.78156.531
Aug 14, 202656.96956.93857.031
Aug 13, 202657.46957.43857.469

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.

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 912810TD0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 10, 2022Feb 15, 2022New issue$23.0bn$36.9bn2.30x2.340%
Mar 10, 2022Mar 15, 2022Reopening$20.0bn$23.4bn2.46x2.375%
Apr 13, 2022Apr 18, 2022Reopening$20.0bn$24.8bn2.30x2.815%

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.