Treasury bond

912810TG3 · 2.875% due May 15, 2052

Original term
30-Year
Maturity
May 15, 2052
Coupon
2.875%
Pays
Semi-Annual
Dated
May 15, 2022
First coupon
Nov 15, 2022
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$78.30bn
Held stripped
$12.38bn
Share stripped
15.81%

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
5.441%
Modified duration
15.592 yr
DV01
0.1024
Convexity
335.699
Dirty price
65.648

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 15.766 years against a modified duration of 15.592.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 13.97 cents per 100 of face.

That is -0.22 standard deviations from its own typical residual.

Yield to maturity, 1,082 observations

2.50%3.00%3.50%4.00%4.50%5.00%5.50%May 16, 2022Sep 10, 2026May 16, 2022Yield to maturity3.092%Jun 22, 2022Yield to maturity3.242%Jul 28, 2022Yield to maturity3.017%Sep 1, 2022Yield to maturity3.383%Oct 7, 2022Yield to maturity3.862%Nov 15, 2022Yield to maturity4.038%Dec 21, 2022Yield to maturity3.795%Jan 30, 2023Yield to maturity3.687%Mar 7, 2023Yield to maturity3.890%Apr 11, 2023Yield to maturity3.644%May 16, 2023Yield to maturity3.895%Jun 22, 2023Yield to maturity3.899%Jul 28, 2023Yield to maturity4.040%Sep 1, 2023Yield to maturity4.317%Oct 10, 2023Yield to maturity4.878%Nov 14, 2023Yield to maturity4.660%Dec 20, 2023Yield to maturity4.041%Jan 29, 2024Yield to maturity4.369%Mar 5, 2024Yield to maturity4.321%Apr 9, 2024Yield to maturity4.532%May 14, 2024Yield to maturity4.634%Jun 20, 2024Yield to maturity4.433%Jul 26, 2024Yield to maturity4.507%Aug 30, 2024Yield to maturity4.270%Oct 7, 2024Yield to maturity4.387%Nov 13, 2024Yield to maturity4.720%Dec 19, 2024Yield to maturity4.830%Jan 28, 2025Yield to maturity4.861%Mar 5, 2025Yield to maturity4.661%Apr 9, 2025Yield to maturity4.812%May 14, 2025Yield to maturity5.056%Jun 20, 2025Yield to maturity4.973%Jul 28, 2025Yield to maturity5.033%Sep 2, 2025Yield to maturity5.046%Oct 7, 2025Yield to maturity4.789%Nov 13, 2025Yield to maturity4.776%Dec 19, 2025Yield to maturity4.900%Jan 28, 2026Yield to maturity4.926%Mar 5, 2026Yield to maturity4.813%Apr 9, 2026Yield to maturity4.974%May 14, 2026Yield to maturity5.100%Jun 22, 2026Yield to maturity5.029%Jul 28, 2026Yield to maturity5.176%Sep 1, 2026Yield to maturity5.343%Sep 10, 2026Yield to maturity5.441%

Price history

1,082 trading days to Sep 10, 2026

60708090100May 16, 2022Sep 10, 2026May 16, 2022Close95.781Jun 22, 2022Close93.000Jul 28, 2022Close97.219Sep 1, 2022Close90.531Oct 7, 2022Close82.688Nov 15, 2022Close80.063Dec 21, 2022Close83.781Jan 30, 2023Close85.531Mar 7, 2023Close82.375Apr 11, 2023Close86.281May 16, 2023Close82.375Jun 22, 2023Close82.344Jul 28, 2023Close80.281Sep 1, 2023Close76.406Oct 10, 2023Close69.281Nov 14, 2023Close72.000Dec 20, 2023Close80.406Jan 29, 2024Close75.875Mar 5, 2024Close76.563Apr 9, 2024Close73.813May 14, 2024Close72.563Jun 20, 2024Close75.188Jul 26, 2024Close74.281Aug 30, 2024Close77.469Oct 7, 2024Close75.938Nov 13, 2024Close71.750Dec 19, 2024Close70.469Jan 28, 2025Close70.156Mar 5, 2025Close72.625Apr 9, 2025Close70.844May 14, 2025Close68.063Jun 20, 2025Close69.063Jul 28, 2025Close68.438Sep 2, 2025Close68.344Oct 7, 2025Close71.375Nov 13, 2025Close71.594Dec 19, 2025Close70.188Jan 28, 2026Close69.938Mar 5, 2026Close71.313Apr 9, 2026Close69.500May 14, 2026Close68.156Jun 22, 2026Close69.000Jul 28, 2026Close67.438Sep 1, 2026Close65.719Sep 10, 2026Close64.719
The most recent 20 trading days of prices for 912810TG3.
DateBidOfferClose
Sep 10, 202665.00064.96964.719
Sep 9, 202665.46965.43865.625
Sep 8, 202666.03166.00065.906
Sep 4, 202666.03166.00066.000
Sep 3, 202666.14166.12565.938
Sep 2, 202665.71965.68865.719
Sep 1, 202666.00065.96965.719
Aug 31, 202665.81365.78165.938
Aug 28, 202666.65666.62566.281
Aug 27, 202666.70366.68866.531
Aug 26, 202666.70366.68866.656
Aug 25, 202666.71966.68866.781
Aug 24, 202666.31366.28166.156
Aug 21, 202665.75065.71965.625
Aug 20, 202665.90665.87566.063
Aug 19, 202666.34466.31366.438
Aug 18, 202665.26665.25065.375
Aug 17, 202665.42265.40665.156
Aug 14, 202665.62565.59465.719
Aug 13, 202666.17266.15666.188

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 912810TG3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 12, 2022May 16, 2022New issue$22.0bn$37.4bn2.38x2.997%
Jun 9, 2022Jun 15, 2022Reopening$19.0bn$20.1bn2.35x3.185%
Jul 13, 2022Jul 15, 2022Reopening$19.0bn$21.4bn2.44x3.115%

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.