Treasury bond

912810TH1 · 3.25% due May 15, 2042

Original term
20-Year
Maturity
May 15, 2042
Coupon
3.250%
Pays
Semi-Annual
Dated
May 15, 2022
First coupon
Nov 15, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$35.76bn
Held stripped
$124.2m
Share stripped
0.35%

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
5.204%
Modified duration
11.304 yr
DV01
0.0915
Convexity
1.6
Dirty price
80.956

Where its rate sensitivity sits

0.01
0.03
0.07
0.17
0.32
0.52
1.00
8.53
0.88
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 11.531 years against a modified duration of 11.304.

Against the fitted curve

Priced 1.2 bp cheap to the curve on that day, 11.12 cents per 100 of face.

That is -1.15 standard deviations from its own typical residual.

Yield to maturity, 1,111 observations

3.0%3.5%4.0%4.5%5.0%5.5%6.0%May 31, 2022Nov 9, 2026May 31, 2022Yield to maturity3.276%Jun 7, 2022Yield to maturity3.351%Jun 14, 2022Yield to maturity3.724%Jun 22, 2022Yield to maturity3.493%Jun 29, 2022Yield to maturity3.469%Jul 7, 2022Yield to maturity3.458%Jul 14, 2022Yield to maturity3.365%Jul 21, 2022Yield to maturity3.339%Jul 28, 2022Yield to maturity3.228%Aug 4, 2022Yield to maturity3.154%Aug 11, 2022Yield to maturity3.383%Aug 18, 2022Yield to maturity3.365%Aug 25, 2022Yield to maturity3.483%Sep 1, 2022Yield to maturity3.655%Sep 9, 2022Yield to maturity3.730%Sep 16, 2022Yield to maturity3.807%Sep 23, 2022Yield to maturity3.908%Sep 30, 2022Yield to maturity4.104%Oct 7, 2022Yield to maturity4.161%Oct 17, 2022Yield to maturity4.314%Oct 24, 2022Yield to maturity4.624%Oct 31, 2022Yield to maturity4.472%Nov 7, 2022Yield to maturity4.585%Nov 15, 2022Yield to maturity4.226%Nov 22, 2022Yield to maturity4.099%Nov 30, 2022Yield to maturity4.039%Dec 7, 2022Yield to maturity3.711%Dec 14, 2022Yield to maturity3.771%Dec 21, 2022Yield to maturity3.973%Dec 29, 2022Yield to maturity4.127%Jan 6, 2023Yield to maturity3.866%Jan 13, 2023Yield to maturity3.804%Jan 23, 2023Yield to maturity3.826%Jan 30, 2023Yield to maturity3.814%Feb 6, 2023Yield to maturity3.851%Feb 13, 2023Yield to maturity3.942%Feb 21, 2023Yield to maturity4.165%Feb 28, 2023Yield to maturity4.143%Mar 7, 2023Yield to maturity4.149%Mar 14, 2023Yield to maturity3.952%Mar 21, 2023Yield to maturity3.937%Mar 28, 2023Yield to maturity3.916%Apr 4, 2023Yield to maturity3.738%Apr 11, 2023Yield to maturity3.760%Apr 18, 2023Yield to maturity3.917%Apr 25, 2023Yield to maturity3.775%May 2, 2023Yield to maturity3.820%May 9, 2023Yield to maturity3.939%May 16, 2023Yield to maturity3.964%May 23, 2023Yield to maturity4.099%May 31, 2023Yield to maturity4.028%Jun 7, 2023Yield to maturity4.137%Jun 14, 2023Yield to maturity4.104%Jun 22, 2023Yield to maturity4.084%Jun 29, 2023Yield to maturity4.138%Jul 7, 2023Yield to maturity4.294%Jul 14, 2023Yield to maturity4.132%Jul 21, 2023Yield to maturity4.130%Jul 28, 2023Yield to maturity4.241%Aug 4, 2023Yield to maturity4.375%Aug 11, 2023Yield to maturity4.464%Aug 18, 2023Yield to maturity4.573%Aug 25, 2023Yield to maturity4.521%Sep 1, 2023Yield to maturity4.500%Sep 11, 2023Yield to maturity4.581%Sep 18, 2023Yield to maturity4.602%Sep 25, 2023Yield to maturity4.872%Oct 2, 2023Yield to maturity5.032%Oct 10, 2023Yield to maturity5.064%Oct 17, 2023Yield to maturity5.176%Oct 24, 2023Yield to maturity5.190%Oct 31, 2023Yield to maturity5.245%Nov 7, 2023Yield to maturity4.933%Nov 14, 2023Yield to maturity4.827%Nov 21, 2023Yield to maturity4.796%Nov 29, 2023Yield to maturity4.664%Dec 6, 2023Yield to maturity4.448%Dec 13, 2023Yield to maturity4.394%Dec 20, 2023Yield to maturity4.195%Dec 28, 2023Yield to maturity4.153%Jan 5, 2024Yield to maturity4.383%Jan 12, 2024Yield to maturity4.332%Jan 22, 2024Yield to maturity4.459%Jan 29, 2024Yield to maturity4.438%Feb 5, 2024Yield to maturity4.489%Feb 12, 2024Yield to maturity4.507%Feb 20, 2024Yield to maturity4.593%Feb 27, 2024Yield to maturity4.614%Mar 5, 2024Yield to maturity4.429%Mar 12, 2024Yield to maturity4.452%Mar 19, 2024Yield to maturity4.577%Mar 26, 2024Yield to maturity4.519%Apr 3, 2024Yield to maturity4.628%Apr 10, 2024Yield to maturity4.775%Apr 17, 2024Yield to maturity4.836%Apr 24, 2024Yield to maturity4.906%May 1, 2024Yield to maturity4.856%May 8, 2024Yield to maturity4.742%May 15, 2024Yield to maturity4.623%May 22, 2024Yield to maturity4.659%May 30, 2024Yield to maturity4.790%Jun 6, 2024Yield to maturity4.523%Jun 13, 2024Yield to maturity4.504%Jun 21, 2024Yield to maturity4.500%Jun 28, 2024Yield to maturity4.624%Jul 8, 2024Yield to maturity4.565%Jul 15, 2024Yield to maturity4.551%Jul 22, 2024Yield to maturity4.572%Jul 29, 2024Yield to maturity4.505%Aug 5, 2024Yield to maturity4.135%Aug 12, 2024Yield to maturity4.280%Aug 19, 2024Yield to maturity4.212%Aug 26, 2024Yield to maturity4.183%Sep 3, 2024Yield to maturity4.200%Sep 10, 2024Yield to maturity4.026%Sep 17, 2024Yield to maturity4.011%Sep 24, 2024Yield to maturity4.110%Oct 1, 2024Yield to maturity4.095%Oct 8, 2024Yield to maturity4.362%Oct 16, 2024Yield to maturity4.343%Oct 23, 2024Yield to maturity4.566%Oct 30, 2024Yield to maturity4.585%Nov 6, 2024Yield to maturity4.701%Nov 14, 2024Yield to maturity4.675%Nov 21, 2024Yield to maturity4.691%Nov 29, 2024Yield to maturity4.448%Dec 6, 2024Yield to maturity4.401%Dec 13, 2024Yield to maturity4.683%Dec 20, 2024Yield to maturity4.798%Dec 30, 2024Yield to maturity4.836%Jan 7, 2025Yield to maturity4.964%Jan 14, 2025Yield to maturity5.062%Jan 22, 2025Yield to maturity4.877%Jan 29, 2025Yield to maturity4.829%Feb 5, 2025Yield to maturity4.668%Feb 12, 2025Yield to maturity4.875%Feb 20, 2025Yield to maturity4.769%Feb 27, 2025Yield to maturity4.574%Mar 6, 2025Yield to maturity4.616%Mar 13, 2025Yield to maturity4.602%Mar 20, 2025Yield to maturity4.554%Mar 27, 2025Yield to maturity4.718%Apr 3, 2025Yield to maturity4.451%Apr 10, 2025Yield to maturity4.883%Apr 17, 2025Yield to maturity4.813%Apr 25, 2025Yield to maturity4.730%May 2, 2025Yield to maturity4.783%May 9, 2025Yield to maturity4.843%May 16, 2025Yield to maturity4.900%May 23, 2025Yield to maturity5.040%Jun 2, 2025Yield to maturity4.981%Jun 9, 2025Yield to maturity4.963%Jun 16, 2025Yield to maturity4.949%Jun 24, 2025Yield to maturity4.801%Jul 1, 2025Yield to maturity4.750%Jul 9, 2025Yield to maturity4.838%Jul 16, 2025Yield to maturity4.983%Jul 23, 2025Yield to maturity4.900%Jul 30, 2025Yield to maturity4.854%Aug 6, 2025Yield to maturity4.741%Aug 13, 2025Yield to maturity4.752%Aug 20, 2025Yield to maturity4.824%Aug 27, 2025Yield to maturity4.816%Sep 4, 2025Yield to maturity4.753%Sep 11, 2025Yield to maturity4.545%Sep 18, 2025Yield to maturity4.627%Sep 25, 2025Yield to maturity4.662%Oct 2, 2025Yield to maturity4.597%Oct 9, 2025Yield to maturity4.640%Oct 17, 2025Yield to maturity4.507%Oct 24, 2025Yield to maturity4.493%Oct 31, 2025Yield to maturity4.578%Nov 7, 2025Yield to maturity4.603%Nov 17, 2025Yield to maturity4.632%Nov 24, 2025Yield to maturity4.560%Dec 2, 2025Yield to maturity4.637%Dec 9, 2025Yield to maturity4.715%Dec 16, 2025Yield to maturity4.707%Dec 23, 2025Yield to maturity4.714%Dec 31, 2025Yield to maturity4.710%Jan 8, 2026Yield to maturity4.705%Jan 15, 2026Yield to maturity4.654%Jan 23, 2026Yield to maturity4.708%Jan 30, 2026Yield to maturity4.740%Feb 6, 2026Yield to maturity4.711%Feb 13, 2026Yield to maturity4.550%Feb 23, 2026Yield to maturity4.545%Mar 2, 2026Yield to maturity4.549%Mar 9, 2026Yield to maturity4.611%Mar 16, 2026Yield to maturity4.752%Mar 23, 2026Yield to maturity4.870%Mar 30, 2026Yield to maturity4.839%Apr 6, 2026Yield to maturity4.812%Apr 13, 2026Yield to maturity4.795%Apr 20, 2026Yield to maturity4.759%Apr 27, 2026Yield to maturity4.833%May 4, 2026Yield to maturity4.934%May 11, 2026Yield to maturity4.884%May 18, 2026Yield to maturity5.070%May 26, 2026Yield to maturity4.948%Jun 2, 2026Yield to maturity4.882%Jun 9, 2026Yield to maturity4.948%Jun 16, 2026Yield to maturity4.846%Jun 24, 2026Yield to maturity4.790%Jul 1, 2026Yield to maturity4.891%Jul 9, 2026Yield to maturity4.983%Jul 16, 2026Yield to maturity5.011%Jul 23, 2026Yield to maturity5.135%Jul 30, 2026Yield to maturity5.144%Aug 6, 2026Yield to maturity5.142%Aug 13, 2026Yield to maturity5.117%Aug 20, 2026Yield to maturity5.122%Aug 27, 2026Yield to maturity5.094%Sep 3, 2026Yield to maturity5.159%Sep 11, 2026Yield to maturity5.305%Sep 18, 2026Yield to maturity5.303%Sep 25, 2026Yield to maturity5.480%Oct 2, 2026Yield to maturity5.607%Oct 9, 2026Yield to maturity5.585%Oct 19, 2026Yield to maturity5.458%Oct 26, 2026Yield to maturity5.275%Nov 2, 2026Yield to maturity5.229%Nov 9, 2026Yield to maturity5.204%

Price history

1,111 trading days to Nov 9, 2026

7580859095100105May 31, 2022Nov 9, 2026May 31, 2022Close99.625Jun 7, 2022Close98.531Jun 14, 2022Close93.375Jun 22, 2022Close96.531Jun 29, 2022Close96.875Jul 7, 2022Close97.031Jul 14, 2022Close98.344Jul 21, 2022Close98.719Jul 28, 2022Close100.313Aug 4, 2022Close101.406Aug 11, 2022Close98.094Aug 18, 2022Close98.344Aug 25, 2022Close96.688Sep 1, 2022Close94.344Sep 9, 2022Close93.344Sep 16, 2022Close92.344Sep 23, 2022Close91.031Sep 30, 2022Close88.563Oct 7, 2022Close87.875Oct 17, 2022Close86.031Oct 24, 2022Close82.438Oct 31, 2022Close84.188Nov 7, 2022Close82.906Nov 15, 2022Close87.125Nov 22, 2022Close88.688Nov 30, 2022Close89.438Dec 7, 2022Close93.656Dec 14, 2022Close92.875Dec 21, 2022Close90.281Dec 29, 2022Close88.375Jan 6, 2023Close91.656Jan 13, 2023Close92.469Jan 23, 2023Close92.188Jan 30, 2023Close92.344Feb 6, 2023Close91.875Feb 13, 2023Close90.719Feb 21, 2023Close87.969Feb 28, 2023Close88.250Mar 7, 2023Close88.188Mar 14, 2023Close90.625Mar 21, 2023Close90.813Mar 28, 2023Close91.094Apr 4, 2023Close93.375Apr 11, 2023Close93.094Apr 18, 2023Close91.094Apr 25, 2023Close92.906May 2, 2023Close92.344May 9, 2023Close90.844May 16, 2023Close90.531May 23, 2023Close88.875May 31, 2023Close89.750Jun 7, 2023Close88.438Jun 14, 2023Close88.844Jun 22, 2023Close89.094Jun 29, 2023Close88.438Jul 7, 2023Close86.594Jul 14, 2023Close88.531Jul 21, 2023Close88.563Jul 28, 2023Close87.250Aug 4, 2023Close85.688Aug 11, 2023Close84.688Aug 18, 2023Close83.469Aug 25, 2023Close84.063Sep 1, 2023Close84.313Sep 11, 2023Close83.406Sep 18, 2023Close83.188Sep 25, 2023Close80.281Oct 2, 2023Close78.625Oct 10, 2023Close78.313Oct 17, 2023Close77.188Oct 24, 2023Close77.063Oct 31, 2023Close76.531Nov 7, 2023Close79.719Nov 14, 2023Close80.844Nov 21, 2023Close81.188Nov 29, 2023Close82.625Dec 6, 2023Close85.031Dec 13, 2023Close85.656Dec 20, 2023Close87.969Dec 28, 2023Close88.469Jan 5, 2024Close85.813Jan 12, 2024Close86.406Jan 22, 2024Close84.969Jan 29, 2024Close85.219Feb 5, 2024Close84.656Feb 12, 2024Close84.469Feb 20, 2024Close83.531Feb 27, 2024Close83.313Mar 5, 2024Close85.375Mar 12, 2024Close85.125Mar 19, 2024Close83.750Mar 26, 2024Close84.406Apr 3, 2024Close83.219Apr 10, 2024Close81.656Apr 17, 2024Close81.031Apr 24, 2024Close80.313May 1, 2024Close80.844May 8, 2024Close82.063May 15, 2024Close83.344May 22, 2024Close82.969May 30, 2024Close81.594Jun 6, 2024Close84.469Jun 13, 2024Close84.688Jun 21, 2024Close84.750Jun 28, 2024Close83.406Jul 8, 2024Close84.063Jul 15, 2024Close84.219Jul 22, 2024Close84.000Jul 29, 2024Close84.750Aug 5, 2024Close88.938Aug 12, 2024Close87.281Aug 19, 2024Close88.063Aug 26, 2024Close88.406Sep 3, 2024Close88.219Sep 10, 2024Close90.250Sep 17, 2024Close90.438Sep 24, 2024Close89.281Oct 1, 2024Close89.469Oct 8, 2024Close86.438Oct 16, 2024Close86.656Oct 23, 2024Close84.219Oct 30, 2024Close84.031Nov 6, 2024Close82.813Nov 14, 2024Close83.094Nov 21, 2024Close82.938Nov 29, 2024Close85.563Dec 6, 2024Close86.094Dec 13, 2024Close83.063Dec 20, 2024Close81.875Dec 30, 2024Close81.500Jan 7, 2025Close80.219Jan 14, 2025Close79.250Jan 22, 2025Close81.125Jan 29, 2025Close81.625Feb 5, 2025Close83.313Feb 12, 2025Close81.188Feb 20, 2025Close82.281Feb 27, 2025Close84.344Mar 6, 2025Close83.906Mar 13, 2025Close84.063Mar 20, 2025Close84.594Mar 27, 2025Close82.875Apr 3, 2025Close85.719Apr 10, 2025Close81.219Apr 17, 2025Close81.938Apr 25, 2025Close82.813May 2, 2025Close82.281May 9, 2025Close81.688May 16, 2025Close81.125May 23, 2025Close79.750Jun 2, 2025Close80.344Jun 9, 2025Close80.531Jun 16, 2025Close80.688Jun 24, 2025Close82.188Jul 1, 2025Close82.719Jul 9, 2025Close81.844Jul 16, 2025Close80.406Jul 23, 2025Close81.250Jul 30, 2025Close81.719Aug 6, 2025Close82.875Aug 13, 2025Close82.781Aug 20, 2025Close82.063Aug 27, 2025Close82.156Sep 4, 2025Close82.813Sep 11, 2025Close84.969Sep 18, 2025Close84.125Sep 25, 2025Close83.781Oct 2, 2025Close84.469Oct 9, 2025Close84.031Oct 17, 2025Close85.438Oct 24, 2025Close85.594Oct 31, 2025Close84.719Nov 7, 2025Close84.469Nov 17, 2025Close84.188Nov 24, 2025Close84.938Dec 2, 2025Close84.156Dec 9, 2025Close83.375Dec 16, 2025Close83.469Dec 23, 2025Close83.406Dec 31, 2025Close83.469Jan 8, 2026Close83.531Jan 15, 2026Close84.063Jan 23, 2026Close83.531Jan 30, 2026Close83.219Feb 6, 2026Close83.531Feb 13, 2026Close85.188Feb 23, 2026Close85.250Mar 2, 2026Close85.219Mar 9, 2026Close84.594Mar 16, 2026Close83.188Mar 23, 2026Close82.031Mar 30, 2026Close82.344Apr 6, 2026Close82.625Apr 13, 2026Close82.813Apr 20, 2026Close83.188Apr 27, 2026Close82.469May 4, 2026Close81.500May 11, 2026Close82.000May 18, 2026Close80.219May 26, 2026Close81.406Jun 2, 2026Close82.063Jun 9, 2026Close81.438Jun 16, 2026Close82.438Jun 24, 2026Close83.000Jul 1, 2026Close82.031Jul 9, 2026Close81.156Jul 16, 2026Close80.906Jul 23, 2026Close79.750Jul 30, 2026Close79.688Aug 6, 2026Close79.719Aug 13, 2026Close79.969Aug 20, 2026Close79.938Aug 27, 2026Close80.219Sep 3, 2026Close79.625Sep 11, 2026Close78.313Sep 18, 2026Close78.344Sep 25, 2026Close76.781Oct 2, 2026Close75.688Oct 9, 2026Close75.906Oct 19, 2026Close77.031Oct 26, 2026Close78.688Nov 2, 2026Close79.125Nov 9, 2026Close79.375
The most recent 20 trading days of prices for 912810TH1.
DateBidOfferClose
Nov 9, 202679.37579.42279.375
Nov 6, 202679.43879.50079.438
Nov 5, 202679.53179.59479.563
Nov 4, 202679.00079.06379.250
Nov 3, 202678.90678.96978.781
Nov 2, 202679.40679.46979.125
Oct 30, 202678.81378.87578.875
Oct 29, 202678.71978.78178.688
Oct 28, 202678.46978.51678.125
Oct 27, 202678.71978.78178.750
Oct 26, 202678.68878.73478.688
Oct 23, 202678.56378.62578.469
Oct 22, 202678.40678.46978.906
Oct 21, 202677.59477.65677.500
Oct 20, 202677.50077.56377.500
Oct 19, 202677.18877.25077.031
Oct 16, 202677.65677.71977.531
Oct 15, 202677.43877.51677.469
Oct 14, 202676.15676.20376.594
Oct 13, 202676.28176.32876.313

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 912810TH1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 18, 2022May 31, 2022New issue$17.0bn$19.6bn2.50x3.290%
Jun 22, 2022Jun 30, 2022Reopening$14.0bn$15.1bn2.60x3.488%
Jul 20, 2022Aug 1, 2022Reopening$14.0bn$15.2bn2.65x3.420%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.