Treasury bond

912810TJ7 · 3% due August 15, 2052

Original term
30-Year
Maturity
Aug 15, 2052
Coupon
3.000%
Pays
Semi-Annual
Dated
Aug 15, 2022
First coupon
Feb 15, 2023
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$69.94bn
Held stripped
$12.79bn
Share stripped
18.28%

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
5.442%
Modified duration
15.681 yr
DV01
0.1043
Convexity
338.475
Dirty price
66.501

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 15.859 years against a modified duration of 15.681.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 8.70 cents per 100 of face.

That is 0.55 standard deviations from its own typical residual.

Yield to maturity, 1,020 observations

3.00%3.50%4.00%4.50%5.00%5.50%Aug 15, 2022Sep 10, 2026Aug 15, 2022Yield to maturity3.100%Sep 19, 2022Yield to maturity3.510%Oct 24, 2022Yield to maturity4.382%Nov 29, 2022Yield to maturity3.842%Jan 4, 2023Yield to maturity3.838%Feb 8, 2023Yield to maturity3.730%Mar 15, 2023Yield to maturity3.712%Apr 18, 2023Yield to maturity3.801%May 22, 2023Yield to maturity3.990%Jun 27, 2023Yield to maturity3.854%Aug 1, 2023Yield to maturity4.114%Sep 5, 2023Yield to maturity4.395%Oct 10, 2023Yield to maturity4.864%Nov 13, 2023Yield to maturity4.782%Dec 18, 2023Yield to maturity4.095%Jan 24, 2024Yield to maturity4.466%Feb 28, 2024Yield to maturity4.450%Apr 2, 2024Yield to maturity4.540%May 6, 2024Yield to maturity4.669%Jun 10, 2024Yield to maturity4.626%Jul 16, 2024Yield to maturity4.418%Aug 19, 2024Yield to maturity4.179%Sep 23, 2024Yield to maturity4.155%Oct 28, 2024Yield to maturity4.586%Dec 3, 2024Yield to maturity4.472%Jan 8, 2025Yield to maturity4.998%Feb 12, 2025Yield to maturity4.905%Mar 19, 2025Yield to maturity4.639%Apr 22, 2025Yield to maturity4.963%May 27, 2025Yield to maturity5.020%Jul 1, 2025Yield to maturity4.845%Aug 5, 2025Yield to maturity4.836%Sep 9, 2025Yield to maturity4.776%Oct 14, 2025Yield to maturity4.673%Nov 18, 2025Yield to maturity4.811%Dec 23, 2025Yield to maturity4.897%Jan 29, 2026Yield to maturity4.914%Mar 5, 2026Yield to maturity4.808%Apr 8, 2026Yield to maturity4.957%May 12, 2026Yield to maturity5.101%Jun 16, 2026Yield to maturity4.999%Jul 22, 2026Yield to maturity5.229%Aug 25, 2026Yield to maturity5.240%Sep 10, 2026Yield to maturity5.442%

Price history

1,020 trading days to Sep 10, 2026

65707580859095100Aug 15, 2022Sep 10, 2026Aug 15, 2022Close98.063Sep 19, 2022Close90.594Oct 24, 2022Close77.125Nov 29, 2022Close85.156Jan 4, 2023Close85.250Feb 8, 2023Close87.000Mar 15, 2023Close87.313Apr 18, 2023Close85.906May 22, 2023Close83.000Jun 27, 2023Close85.125Aug 1, 2023Close81.219Sep 5, 2023Close77.281Oct 10, 2023Close71.250Nov 13, 2023Close72.313Dec 18, 2023Close81.625Jan 24, 2024Close76.469Feb 28, 2024Close76.719Apr 2, 2024Close75.563May 6, 2024Close73.938Jun 10, 2024Close74.531Jul 16, 2024Close77.313Aug 19, 2024Close80.656Sep 23, 2024Close81.031Oct 28, 2024Close75.219Dec 3, 2024Close76.750Jan 8, 2025Close70.250Feb 12, 2025Close71.406Mar 19, 2025Close74.719Apr 22, 2025Close70.813May 27, 2025Close70.188Jul 1, 2025Close72.313Aug 5, 2025Close72.469Sep 9, 2025Close73.250Oct 14, 2025Close74.563Nov 18, 2025Close72.906Dec 23, 2025Close71.938Jan 29, 2026Close71.781Mar 5, 2026Close73.094Apr 8, 2026Close71.375May 12, 2026Close69.781Jun 16, 2026Close71.000Jul 22, 2026Close68.469Aug 25, 2026Close68.406Sep 10, 2026Close66.281
The most recent 20 trading days of prices for 912810TJ7.
DateBidOfferClose
Sep 10, 202666.59466.56366.281
Sep 9, 202667.06367.03167.250
Sep 8, 202667.65667.62567.531
Sep 4, 202667.65667.62567.625
Sep 3, 202667.75067.71967.563
Sep 2, 202667.32867.31367.313
Sep 1, 202667.60967.59467.313
Aug 31, 202667.43867.40667.531
Aug 28, 202668.28168.25067.906
Aug 27, 202668.34468.31368.188
Aug 26, 202668.34468.31368.281
Aug 25, 202668.34468.31368.406
Aug 24, 202667.93867.90667.781
Aug 21, 202667.37567.34467.250
Aug 20, 202667.53167.50067.719
Aug 19, 202667.96967.93868.063
Aug 18, 202666.87566.84467.000
Aug 17, 202667.04767.03166.750
Aug 14, 202667.26667.25067.344
Aug 13, 202667.81367.78167.813

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 912810TJ7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 11, 2022Aug 15, 2022New issue$21.0bn$34.3bn2.31x3.106%
Sep 13, 2022Sep 15, 2022Reopening$18.0bn$18.0bn2.42x3.511%
Oct 13, 2022Oct 17, 2022Reopening$18.0bn$18.0bn2.39x3.930%

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.