Treasury bond

912810TF5 · 2.375% due February 15, 2042

Original term
20-Year
Maturity
Feb 15, 2042
Coupon
2.375%
Pays
Semi-Annual
Dated
Feb 15, 2022
First coupon
Aug 15, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$55.11bn
Held stripped
$556.0m
Share stripped
1.01%

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
5.206%
Modified duration
11.911 yr
DV01
0.0846
Convexity
1.7
Dirty price
70.999

Where its rate sensitivity sits

<.01
0.01
0.03
0.06
0.14
0.26
0.43
0.84
9.87
0.52
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 12.168 years against a modified duration of 11.911.

Against the fitted curve

Priced 0.4 bp cheap to the curve on that day, 3.66 cents per 100 of face.

That is -1.47 standard deviations from its own typical residual.

Yield to maturity, 1,175 observations

2%3%4%5%6%Feb 28, 2022Nov 9, 2026Feb 28, 2022Yield to maturity2.244%Mar 7, 2022Yield to maturity2.291%Mar 14, 2022Yield to maturity2.568%Mar 21, 2022Yield to maturity2.674%Mar 28, 2022Yield to maturity2.725%Apr 4, 2022Yield to maturity2.647%Apr 11, 2022Yield to maturity3.023%Apr 19, 2022Yield to maturity3.199%Apr 26, 2022Yield to maturity3.047%May 3, 2022Yield to maturity3.221%May 10, 2022Yield to maturity3.325%May 17, 2022Yield to maturity3.381%May 24, 2022Yield to maturity3.193%Jun 1, 2022Yield to maturity3.339%Jun 8, 2022Yield to maturity3.434%Jun 15, 2022Yield to maturity3.675%Jun 23, 2022Yield to maturity3.489%Jun 30, 2022Yield to maturity3.417%Jul 8, 2022Yield to maturity3.563%Jul 15, 2022Yield to maturity3.376%Jul 22, 2022Yield to maturity3.271%Jul 29, 2022Yield to maturity3.241%Aug 5, 2022Yield to maturity3.313%Aug 12, 2022Yield to maturity3.379%Aug 19, 2022Yield to maturity3.504%Aug 26, 2022Yield to maturity3.502%Sep 2, 2022Yield to maturity3.682%Sep 12, 2022Yield to maturity3.836%Sep 19, 2022Yield to maturity3.863%Sep 26, 2022Yield to maturity4.091%Oct 3, 2022Yield to maturity4.078%Oct 11, 2022Yield to maturity4.273%Oct 18, 2022Yield to maturity4.340%Oct 25, 2022Yield to maturity4.523%Nov 1, 2022Yield to maturity4.439%Nov 8, 2022Yield to maturity4.541%Nov 16, 2022Yield to maturity4.120%Nov 23, 2022Yield to maturity4.060%Dec 1, 2022Yield to maturity3.920%Dec 8, 2022Yield to maturity3.794%Dec 15, 2022Yield to maturity3.756%Dec 22, 2022Yield to maturity3.978%Dec 30, 2022Yield to maturity4.179%Jan 9, 2023Yield to maturity3.863%Jan 17, 2023Yield to maturity3.840%Jan 24, 2023Yield to maturity3.770%Jan 31, 2023Yield to maturity3.819%Feb 7, 2023Yield to maturity3.913%Feb 14, 2023Yield to maturity3.982%Feb 22, 2023Yield to maturity4.144%Mar 1, 2023Yield to maturity4.222%Mar 8, 2023Yield to maturity4.156%Mar 15, 2023Yield to maturity3.868%Mar 22, 2023Yield to maturity3.883%Mar 29, 2023Yield to maturity3.949%Apr 5, 2023Yield to maturity3.702%Apr 12, 2023Yield to maturity3.788%Apr 19, 2023Yield to maturity3.945%Apr 26, 2023Yield to maturity3.840%May 3, 2023Yield to maturity3.823%May 10, 2023Yield to maturity3.916%May 17, 2023Yield to maturity4.013%May 24, 2023Yield to maturity4.148%Jun 1, 2023Yield to maturity4.018%Jun 8, 2023Yield to maturity4.081%Jun 15, 2023Yield to maturity4.057%Jun 23, 2023Yield to maturity4.043%Jun 30, 2023Yield to maturity4.089%Jul 10, 2023Yield to maturity4.279%Jul 17, 2023Yield to maturity4.137%Jul 24, 2023Yield to maturity4.147%Jul 31, 2023Yield to maturity4.252%Aug 7, 2023Yield to maturity4.448%Aug 14, 2023Yield to maturity4.483%Aug 21, 2023Yield to maturity4.665%Aug 28, 2023Yield to maturity4.510%Sep 5, 2023Yield to maturity4.595%Sep 12, 2023Yield to maturity4.578%Sep 19, 2023Yield to maturity4.657%Sep 26, 2023Yield to maturity4.923%Oct 3, 2023Yield to maturity5.192%Oct 11, 2023Yield to maturity4.970%Oct 18, 2023Yield to maturity5.269%Oct 25, 2023Yield to maturity5.327%Nov 1, 2023Yield to maturity5.167%Nov 8, 2023Yield to maturity4.858%Nov 15, 2023Yield to maturity4.912%Nov 22, 2023Yield to maturity4.798%Nov 30, 2023Yield to maturity4.780%Dec 7, 2023Yield to maturity4.483%Dec 14, 2023Yield to maturity4.258%Dec 21, 2023Yield to maturity4.239%Dec 29, 2023Yield to maturity4.215%Jan 8, 2024Yield to maturity4.352%Jan 16, 2024Yield to maturity4.454%Jan 23, 2024Yield to maturity4.519%Jan 30, 2024Yield to maturity4.424%Feb 6, 2024Yield to maturity4.422%Feb 13, 2024Yield to maturity4.630%Feb 21, 2024Yield to maturity4.651%Feb 28, 2024Yield to maturity4.584%Mar 6, 2024Yield to maturity4.396%Mar 13, 2024Yield to maturity4.489%Mar 20, 2024Yield to maturity4.581%Mar 27, 2024Yield to maturity4.480%Apr 4, 2024Yield to maturity4.594%Apr 11, 2024Yield to maturity4.802%Apr 18, 2024Yield to maturity4.886%Apr 25, 2024Yield to maturity4.954%May 2, 2024Yield to maturity4.835%May 9, 2024Yield to maturity4.714%May 16, 2024Yield to maturity4.633%May 23, 2024Yield to maturity4.702%May 31, 2024Yield to maturity4.756%Jun 7, 2024Yield to maturity4.659%Jun 14, 2024Yield to maturity4.470%Jun 24, 2024Yield to maturity4.494%Jul 1, 2024Yield to maturity4.784%Jul 9, 2024Yield to maturity4.620%Jul 16, 2024Yield to maturity4.484%Jul 23, 2024Yield to maturity4.573%Jul 30, 2024Yield to maturity4.491%Aug 6, 2024Yield to maturity4.262%Aug 13, 2024Yield to maturity4.245%Aug 20, 2024Yield to maturity4.191%Aug 27, 2024Yield to maturity4.228%Sep 4, 2024Yield to maturity4.150%Sep 11, 2024Yield to maturity4.043%Sep 18, 2024Yield to maturity4.106%Sep 25, 2024Yield to maturity4.193%Oct 2, 2024Yield to maturity4.188%Oct 9, 2024Yield to maturity4.423%Oct 17, 2024Yield to maturity4.462%Oct 24, 2024Yield to maturity4.558%Oct 31, 2024Yield to maturity4.585%Nov 7, 2024Yield to maturity4.641%Nov 15, 2024Yield to maturity4.718%Nov 22, 2024Yield to maturity4.707%Dec 2, 2024Yield to maturity4.471%Dec 9, 2024Yield to maturity4.485%Dec 16, 2024Yield to maturity4.704%Dec 23, 2024Yield to maturity4.887%Dec 31, 2024Yield to maturity4.873%Jan 8, 2025Yield to maturity4.990%Jan 15, 2025Yield to maturity4.961%Jan 23, 2025Yield to maturity4.944%Jan 30, 2025Yield to maturity4.812%Feb 6, 2025Yield to maturity4.696%Feb 13, 2025Yield to maturity4.790%Feb 21, 2025Yield to maturity4.708%Feb 28, 2025Yield to maturity4.555%Mar 7, 2025Yield to maturity4.666%Mar 14, 2025Yield to maturity4.649%Mar 21, 2025Yield to maturity4.600%Mar 28, 2025Yield to maturity4.634%Apr 4, 2025Yield to maturity4.407%Apr 11, 2025Yield to maturity4.926%Apr 21, 2025Yield to maturity4.956%Apr 28, 2025Yield to maturity4.707%May 5, 2025Yield to maturity4.849%May 12, 2025Yield to maturity4.929%May 19, 2025Yield to maturity4.958%May 27, 2025Yield to maturity4.968%Jun 3, 2025Yield to maturity4.998%Jun 10, 2025Yield to maturity4.952%Jun 17, 2025Yield to maturity4.887%Jun 25, 2025Yield to maturity4.822%Jul 2, 2025Yield to maturity4.824%Jul 10, 2025Yield to maturity4.850%Jul 17, 2025Yield to maturity5.006%Jul 24, 2025Yield to maturity4.933%Jul 31, 2025Yield to maturity4.857%Aug 7, 2025Yield to maturity4.766%Aug 14, 2025Yield to maturity4.825%Aug 21, 2025Yield to maturity4.875%Aug 28, 2025Yield to maturity4.799%Sep 5, 2025Yield to maturity4.676%Sep 12, 2025Yield to maturity4.606%Sep 19, 2025Yield to maturity4.664%Sep 26, 2025Yield to maturity4.695%Oct 3, 2025Yield to maturity4.635%Oct 10, 2025Yield to maturity4.556%Oct 20, 2025Yield to maturity4.503%Oct 27, 2025Yield to maturity4.495%Nov 3, 2025Yield to maturity4.617%Nov 10, 2025Yield to maturity4.633%Nov 18, 2025Yield to maturity4.655%Nov 25, 2025Yield to maturity4.558%Dec 3, 2025Yield to maturity4.633%Dec 10, 2025Yield to maturity4.708%Dec 17, 2025Yield to maturity4.737%Dec 24, 2025Yield to maturity4.713%Jan 2, 2026Yield to maturity4.743%Jan 9, 2026Yield to maturity4.692%Jan 16, 2026Yield to maturity4.718%Jan 26, 2026Yield to maturity4.693%Feb 2, 2026Yield to maturity4.790%Feb 9, 2026Yield to maturity4.728%Feb 17, 2026Yield to maturity4.558%Feb 24, 2026Yield to maturity4.560%Mar 3, 2026Yield to maturity4.578%Mar 10, 2026Yield to maturity4.667%Mar 17, 2026Yield to maturity4.753%Mar 24, 2026Yield to maturity4.913%Mar 31, 2026Yield to maturity4.812%Apr 7, 2026Yield to maturity4.835%Apr 14, 2026Yield to maturity4.773%Apr 21, 2026Yield to maturity4.799%Apr 28, 2026Yield to maturity4.853%May 5, 2026Yield to maturity4.911%May 12, 2026Yield to maturity4.948%May 19, 2026Yield to maturity5.136%May 27, 2026Yield to maturity4.936%Jun 3, 2026Yield to maturity4.928%Jun 10, 2026Yield to maturity4.980%Jun 17, 2026Yield to maturity4.891%Jun 25, 2026Yield to maturity4.797%Jul 2, 2026Yield to maturity4.926%Jul 10, 2026Yield to maturity5.010%Jul 17, 2026Yield to maturity4.998%Jul 24, 2026Yield to maturity5.127%Jul 31, 2026Yield to maturity5.228%Aug 7, 2026Yield to maturity5.132%Aug 14, 2026Yield to maturity5.175%Aug 21, 2026Yield to maturity5.178%Aug 28, 2026Yield to maturity5.133%Sep 4, 2026Yield to maturity5.166%Sep 14, 2026Yield to maturity5.305%Sep 21, 2026Yield to maturity5.256%Sep 28, 2026Yield to maturity5.547%Oct 5, 2026Yield to maturity5.647%Oct 13, 2026Yield to maturity5.538%Oct 20, 2026Yield to maturity5.403%Oct 27, 2026Yield to maturity5.267%Nov 3, 2026Yield to maturity5.266%Nov 9, 2026Yield to maturity5.206%

Price history

1,175 trading days to Nov 9, 2026

60708090100110Feb 28, 2022Nov 9, 2026Feb 28, 2022Close102.094Mar 7, 2022Close101.344Mar 14, 2022Close97.000Mar 21, 2022Close95.406Mar 28, 2022Close94.656Apr 4, 2022Close95.813Apr 11, 2022Close90.375Apr 19, 2022Close87.969Apr 26, 2022Close90.063May 3, 2022Close87.688May 10, 2022Close86.313May 17, 2022Close85.594May 24, 2022Close88.094Jun 1, 2022Close86.156Jun 8, 2022Close84.938Jun 15, 2022Close81.906Jun 23, 2022Close84.250Jun 30, 2022Close85.188Jul 8, 2022Close83.344Jul 15, 2022Close85.750Jul 22, 2022Close87.125Jul 29, 2022Close87.531Aug 5, 2022Close86.594Aug 12, 2022Close85.750Aug 19, 2022Close84.156Aug 26, 2022Close84.188Sep 2, 2022Close81.969Sep 12, 2022Close80.125Sep 19, 2022Close79.813Sep 26, 2022Close77.188Oct 3, 2022Close77.344Oct 11, 2022Close75.188Oct 18, 2022Close74.469Oct 25, 2022Close72.531Nov 1, 2022Close73.438Nov 8, 2022Close72.375Nov 16, 2022Close76.969Nov 23, 2022Close77.656Dec 1, 2022Close79.281Dec 8, 2022Close80.781Dec 15, 2022Close81.250Dec 22, 2022Close78.656Dec 30, 2022Close76.406Jan 9, 2023Close80.031Jan 17, 2023Close80.313Jan 24, 2023Close81.156Jan 31, 2023Close80.594Feb 7, 2023Close79.500Feb 14, 2023Close78.719Feb 22, 2023Close76.906Mar 1, 2023Close76.063Mar 8, 2023Close76.813Mar 15, 2023Close80.094Mar 22, 2023Close79.938Mar 29, 2023Close79.188Apr 5, 2023Close82.094Apr 12, 2023Close81.094Apr 19, 2023Close79.281Apr 26, 2023Close80.500May 3, 2023Close80.719May 10, 2023Close79.656May 17, 2023Close78.563May 24, 2023Close77.063Jun 1, 2023Close78.531Jun 8, 2023Close77.844Jun 15, 2023Close78.125Jun 23, 2023Close78.313Jun 30, 2023Close77.813Jul 10, 2023Close75.750Jul 17, 2023Close77.313Jul 24, 2023Close77.219Jul 31, 2023Close76.094Aug 7, 2023Close74.031Aug 14, 2023Close73.688Aug 21, 2023Close71.844Aug 28, 2023Close73.438Sep 5, 2023Close72.594Sep 12, 2023Close72.781Sep 19, 2023Close72.000Sep 26, 2023Close69.406Oct 3, 2023Close66.906Oct 11, 2023Close69.000Oct 18, 2023Close66.250Oct 25, 2023Close65.750Nov 1, 2023Close67.219Nov 8, 2023Close70.156Nov 15, 2023Close69.656Nov 22, 2023Close70.781Nov 30, 2023Close70.969Dec 7, 2023Close73.969Dec 14, 2023Close76.344Dec 21, 2023Close76.563Dec 29, 2023Close76.844Jan 8, 2024Close75.406Jan 16, 2024Close74.375Jan 23, 2024Close73.719Jan 30, 2024Close74.719Feb 6, 2024Close74.750Feb 13, 2024Close72.656Feb 21, 2024Close72.469Feb 28, 2024Close73.156Mar 6, 2024Close75.094Mar 13, 2024Close74.156Mar 20, 2024Close73.250Mar 27, 2024Close74.281Apr 4, 2024Close73.156Apr 11, 2024Close71.125Apr 18, 2024Close70.344Apr 25, 2024Close69.719May 2, 2024Close70.875May 9, 2024Close72.063May 16, 2024Close72.875May 23, 2024Close72.219May 31, 2024Close71.719Jun 7, 2024Close72.688Jun 14, 2024Close74.594Jun 24, 2024Close74.375Jul 1, 2024Close71.531Jul 9, 2024Close73.156Jul 16, 2024Close74.531Jul 23, 2024Close73.656Jul 30, 2024Close74.500Aug 6, 2024Close76.875Aug 13, 2024Close77.063Aug 20, 2024Close77.656Aug 27, 2024Close77.281Sep 4, 2024Close78.125Sep 11, 2024Close79.281Sep 18, 2024Close78.625Sep 25, 2024Close77.719Oct 2, 2024Close77.781Oct 9, 2024Close75.375Oct 17, 2024Close75.000Oct 24, 2024Close74.063Oct 31, 2024Close73.813Nov 7, 2024Close73.281Nov 15, 2024Close72.563Nov 22, 2024Close72.688Dec 2, 2024Close75.031Dec 9, 2024Close74.906Dec 16, 2024Close72.781Dec 23, 2024Close71.063Dec 31, 2024Close71.219Jan 8, 2025Close70.156Jan 15, 2025Close70.438Jan 23, 2025Close70.625Jan 30, 2025Close71.875Feb 6, 2025Close73.000Feb 13, 2025Close72.125Feb 21, 2025Close72.938Feb 28, 2025Close74.438Mar 7, 2025Close73.375Mar 14, 2025Close73.563Mar 21, 2025Close74.063Mar 28, 2025Close73.750Apr 4, 2025Close76.000Apr 11, 2025Close71.031Apr 21, 2025Close70.781Apr 28, 2025Close73.125May 5, 2025Close71.813May 12, 2025Close71.094May 19, 2025Close70.844May 27, 2025Close70.781Jun 3, 2025Close70.531Jun 10, 2025Close70.969Jun 17, 2025Close71.594Jun 25, 2025Close72.219Jul 2, 2025Close72.219Jul 10, 2025Close72.000Jul 17, 2025Close70.594Jul 24, 2025Close71.281Jul 31, 2025Close72.000Aug 7, 2025Close72.875Aug 14, 2025Close72.344Aug 21, 2025Close71.906Aug 28, 2025Close72.625Sep 5, 2025Close73.813Sep 12, 2025Close74.500Sep 19, 2025Close73.969Sep 26, 2025Close73.688Oct 3, 2025Close74.281Oct 10, 2025Close75.063Oct 20, 2025Close75.594Oct 27, 2025Close75.688Nov 3, 2025Close74.531Nov 10, 2025Close74.406Nov 18, 2025Close74.219Nov 25, 2025Close75.156Dec 3, 2025Close74.469Dec 10, 2025Close73.781Dec 17, 2025Close73.531Dec 24, 2025Close73.781Jan 2, 2026Close73.531Jan 9, 2026Close74.031Jan 16, 2026Close73.813Jan 26, 2026Close74.063Feb 2, 2026Close73.188Feb 9, 2026Close73.781Feb 17, 2026Close75.406Feb 24, 2026Close75.406Mar 3, 2026Close75.250Mar 10, 2026Close74.438Mar 17, 2026Close73.656Mar 24, 2026Close72.219Mar 31, 2026Close73.156Apr 7, 2026Close72.969Apr 14, 2026Close73.563Apr 21, 2026Close73.344Apr 28, 2026Close72.875May 5, 2026Close72.375May 12, 2026Close72.063May 19, 2026Close70.438May 27, 2026Close72.219Jun 3, 2026Close72.313Jun 10, 2026Close71.875Jun 17, 2026Close72.688Jun 25, 2026Close73.563Jul 2, 2026Close72.438Jul 10, 2026Close71.719Jul 17, 2026Close71.844Jul 24, 2026Close70.750Jul 31, 2026Close69.906Aug 7, 2026Close70.750Aug 14, 2026Close70.406Aug 21, 2026Close70.406Aug 28, 2026Close70.813Sep 4, 2026Close70.563Sep 14, 2026Close69.406Sep 21, 2026Close69.844Sep 28, 2026Close67.469Oct 5, 2026Close66.688Oct 13, 2026Close67.594Oct 20, 2026Close68.719Oct 27, 2026Close69.875Nov 3, 2026Close69.906Nov 9, 2026Close70.438
The most recent 20 trading days of prices for 912810TF5.
DateBidOfferClose
Nov 9, 202670.46970.51670.438
Nov 6, 202670.50070.56370.500
Nov 5, 202670.59470.65670.625
Nov 4, 202670.09470.15670.344
Nov 3, 202670.00070.07869.906
Nov 2, 202670.46970.53170.219
Oct 30, 202669.93870.00069.969
Oct 29, 202669.81369.89169.813
Oct 28, 202669.59469.65669.281
Oct 27, 202669.84469.89169.875
Oct 26, 202669.78169.84469.781
Oct 23, 202669.71969.78169.625
Oct 22, 202669.56369.64170.031
Oct 21, 202668.81368.89168.750
Oct 20, 202668.71968.78168.719
Oct 19, 202668.40668.46968.281
Oct 16, 202668.87568.92268.750
Oct 15, 202668.65668.73468.656
Oct 14, 202667.46967.51667.875
Oct 13, 202667.56367.62567.594

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 912810TF5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 16, 2022Feb 28, 2022New issue$19.0bn$22.3bn2.44x2.396%
Mar 23, 2022Mar 31, 2022Reopening$16.0bn$19.0bn2.72x2.651%
Apr 20, 2022May 2, 2022Reopening$16.0bn$18.2bn2.80x3.095%

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.