Treasury bond

912810TN8 · 3.625% due February 15, 2053

Original term
30-Year
Maturity
Feb 15, 2053
Coupon
3.625%
Pays
Semi-Annual
Dated
Feb 15, 2023
First coupon
Aug 15, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$65.98bn
Held stripped
$20.05bn
Share stripped
30.38%

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
5.325%
Modified duration
15.104 yr
DV01
0.1162
Convexity
3.23
Dirty price
76.951

Where its rate sensitivity sits

0.01
0.01
0.04
0.09
0.20
0.37
0.61
1.18
1.61
1.60
7.38
2.17
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 15.261 years against a modified duration of 15.104.

Against the fitted curve

Priced 0.9 bp rich to the curve on that day, 10.03 cents per 100 of face.

That is -0.00 standard deviations from its own typical residual.

Yield to maturity, 934 observations

3.5%4.0%4.5%5.0%5.5%6.0%Feb 15, 2023Nov 9, 2026Feb 15, 2023Yield to maturity3.846%Feb 22, 2023Yield to maturity3.932%Feb 28, 2023Yield to maturity3.923%Mar 6, 2023Yield to maturity3.912%Mar 10, 2023Yield to maturity3.700%Mar 16, 2023Yield to maturity3.708%Mar 22, 2023Yield to maturity3.677%Mar 28, 2023Yield to maturity3.767%Apr 3, 2023Yield to maturity3.639%Apr 7, 2023Yield to maturity3.611%Apr 13, 2023Yield to maturity3.691%Apr 19, 2023Yield to maturity3.792%Apr 25, 2023Yield to maturity3.654%May 1, 2023Yield to maturity3.837%May 5, 2023Yield to maturity3.756%May 11, 2023Yield to maturity3.740%May 17, 2023Yield to maturity3.883%May 23, 2023Yield to maturity3.963%May 30, 2023Yield to maturity3.913%Jun 5, 2023Yield to maturity3.896%Jun 9, 2023Yield to maturity3.893%Jun 15, 2023Yield to maturity3.852%Jun 22, 2023Yield to maturity3.882%Jun 28, 2023Yield to maturity3.812%Jul 5, 2023Yield to maturity3.954%Jul 11, 2023Yield to maturity4.030%Jul 17, 2023Yield to maturity3.940%Jul 21, 2023Yield to maturity3.917%Jul 27, 2023Yield to maturity4.067%Aug 2, 2023Yield to maturity4.171%Aug 8, 2023Yield to maturity4.203%Aug 14, 2023Yield to maturity4.302%Aug 18, 2023Yield to maturity4.393%Aug 24, 2023Yield to maturity4.310%Aug 30, 2023Yield to maturity4.239%Sep 6, 2023Yield to maturity4.379%Sep 12, 2023Yield to maturity4.360%Sep 18, 2023Yield to maturity4.408%Sep 22, 2023Yield to maturity4.539%Sep 28, 2023Yield to maturity4.727%Oct 4, 2023Yield to maturity4.882%Oct 11, 2023Yield to maturity4.737%Oct 17, 2023Yield to maturity4.939%Oct 23, 2023Yield to maturity5.019%Oct 27, 2023Yield to maturity5.036%Nov 2, 2023Yield to maturity4.827%Nov 8, 2023Yield to maturity4.650%Nov 14, 2023Yield to maturity4.642%Nov 20, 2023Yield to maturity4.596%Nov 27, 2023Yield to maturity4.557%Dec 1, 2023Yield to maturity4.435%Dec 7, 2023Yield to maturity4.279%Dec 13, 2023Yield to maturity4.224%Dec 19, 2023Yield to maturity4.070%Dec 26, 2023Yield to maturity4.078%Jan 2, 2024Yield to maturity4.115%Jan 8, 2024Yield to maturity4.205%Jan 12, 2024Yield to maturity4.233%Jan 19, 2024Yield to maturity4.386%Jan 25, 2024Yield to maturity4.414%Jan 31, 2024Yield to maturity4.258%Feb 6, 2024Yield to maturity4.324%Feb 12, 2024Yield to maturity4.404%Feb 16, 2024Yield to maturity4.485%Feb 23, 2024Yield to maturity4.409%Feb 29, 2024Yield to maturity4.407%Mar 6, 2024Yield to maturity4.274%Mar 12, 2024Yield to maturity4.344%Mar 18, 2024Yield to maturity4.493%Mar 22, 2024Yield to maturity4.420%Mar 28, 2024Yield to maturity4.370%Apr 4, 2024Yield to maturity4.493%Apr 10, 2024Yield to maturity4.656%Apr 16, 2024Yield to maturity4.793%Apr 22, 2024Yield to maturity4.747%Apr 26, 2024Yield to maturity4.803%May 2, 2024Yield to maturity4.743%May 8, 2024Yield to maturity4.660%May 14, 2024Yield to maturity4.618%May 20, 2024Yield to maturity4.600%May 24, 2024Yield to maturity4.596%May 31, 2024Yield to maturity4.673%Jun 6, 2024Yield to maturity4.451%Jun 12, 2024Yield to maturity4.499%Jun 18, 2024Yield to maturity4.383%Jun 25, 2024Yield to maturity4.386%Jul 1, 2024Yield to maturity4.670%Jul 8, 2024Yield to maturity4.485%Jul 12, 2024Yield to maturity4.419%Jul 18, 2024Yield to maturity4.440%Jul 24, 2024Yield to maturity4.566%Jul 30, 2024Yield to maturity4.432%Aug 5, 2024Yield to maturity4.099%Aug 9, 2024Yield to maturity4.271%Aug 15, 2024Yield to maturity4.218%Aug 21, 2024Yield to maturity4.104%Aug 27, 2024Yield to maturity4.168%Sep 3, 2024Yield to maturity4.168%Sep 9, 2024Yield to maturity4.041%Sep 13, 2024Yield to maturity4.024%Sep 19, 2024Yield to maturity4.102%Sep 25, 2024Yield to maturity4.181%Oct 1, 2024Yield to maturity4.125%Oct 7, 2024Yield to maturity4.354%Oct 11, 2024Yield to maturity4.429%Oct 18, 2024Yield to maturity4.420%Oct 24, 2024Yield to maturity4.505%Oct 30, 2024Yield to maturity4.527%Nov 5, 2024Yield to maturity4.481%Nov 12, 2024Yield to maturity4.634%Nov 18, 2024Yield to maturity4.670%Nov 22, 2024Yield to maturity4.653%Nov 29, 2024Yield to maturity4.416%Dec 5, 2024Yield to maturity4.378%Dec 11, 2024Yield to maturity4.531%Dec 17, 2024Yield to maturity4.640%Dec 23, 2024Yield to maturity4.832%Dec 30, 2024Yield to maturity4.828%Jan 6, 2025Yield to maturity4.897%Jan 10, 2025Yield to maturity5.014%Jan 16, 2025Yield to maturity4.888%Jan 23, 2025Yield to maturity4.915%Jan 29, 2025Yield to maturity4.835%Feb 4, 2025Yield to maturity4.797%Feb 10, 2025Yield to maturity4.763%Feb 14, 2025Yield to maturity4.752%Feb 21, 2025Yield to maturity4.720%Feb 27, 2025Yield to maturity4.613%Mar 5, 2025Yield to maturity4.634%Mar 11, 2025Yield to maturity4.657%Mar 17, 2025Yield to maturity4.659%Mar 21, 2025Yield to maturity4.650%Mar 27, 2025Yield to maturity4.789%Apr 2, 2025Yield to maturity4.601%Apr 8, 2025Yield to maturity4.769%Apr 14, 2025Yield to maturity4.861%Apr 21, 2025Yield to maturity4.967%Apr 25, 2025Yield to maturity4.793%May 1, 2025Yield to maturity4.793%May 7, 2025Yield to maturity4.827%May 13, 2025Yield to maturity4.998%May 19, 2025Yield to maturity4.979%May 23, 2025Yield to maturity5.096%May 30, 2025Yield to maturity4.985%Jun 5, 2025Yield to maturity4.944%Jun 11, 2025Yield to maturity4.971%Jun 17, 2025Yield to maturity4.942%Jun 24, 2025Yield to maturity4.887%Jun 30, 2025Yield to maturity4.830%Jul 7, 2025Yield to maturity4.978%Jul 11, 2025Yield to maturity5.013%Jul 17, 2025Yield to maturity5.063%Jul 23, 2025Yield to maturity4.999%Jul 29, 2025Yield to maturity4.909%Aug 4, 2025Yield to maturity4.835%Aug 8, 2025Yield to maturity4.896%Aug 14, 2025Yield to maturity4.920%Aug 20, 2025Yield to maturity4.935%Aug 26, 2025Yield to maturity4.948%Sep 2, 2025Yield to maturity5.017%Sep 8, 2025Yield to maturity4.720%Sep 12, 2025Yield to maturity4.713%Sep 18, 2025Yield to maturity4.760%Sep 24, 2025Yield to maturity4.793%Sep 30, 2025Yield to maturity4.768%Oct 6, 2025Yield to maturity4.799%Oct 10, 2025Yield to maturity4.664%Oct 17, 2025Yield to maturity4.633%Oct 23, 2025Yield to maturity4.617%Oct 29, 2025Yield to maturity4.645%Nov 4, 2025Yield to maturity4.709%Nov 10, 2025Yield to maturity4.747%Nov 17, 2025Yield to maturity4.776%Nov 21, 2025Yield to maturity4.757%Nov 28, 2025Yield to maturity4.706%Dec 4, 2025Yield to maturity4.807%Dec 10, 2025Yield to maturity4.829%Dec 16, 2025Yield to maturity4.863%Dec 22, 2025Yield to maturity4.885%Dec 29, 2025Yield to maturity4.847%Jan 5, 2026Yield to maturity4.898%Jan 9, 2026Yield to maturity4.863%Jan 15, 2026Yield to maturity4.834%Jan 22, 2026Yield to maturity4.888%Jan 28, 2026Yield to maturity4.900%Feb 3, 2026Yield to maturity4.945%Feb 9, 2026Yield to maturity4.894%Feb 13, 2026Yield to maturity4.739%Feb 20, 2026Yield to maturity4.766%Feb 26, 2026Yield to maturity4.712%Mar 4, 2026Yield to maturity4.766%Mar 10, 2026Yield to maturity4.824%Mar 16, 2026Yield to maturity4.911%Mar 20, 2026Yield to maturity5.020%Mar 26, 2026Yield to maturity4.990%Apr 1, 2026Yield to maturity4.971%Apr 7, 2026Yield to maturity4.957%Apr 13, 2026Yield to maturity4.950%Apr 17, 2026Yield to maturity4.938%Apr 23, 2026Yield to maturity4.973%Apr 29, 2026Yield to maturity5.033%May 5, 2026Yield to maturity5.038%May 11, 2026Yield to maturity5.036%May 15, 2026Yield to maturity5.185%May 21, 2026Yield to maturity5.157%May 28, 2026Yield to maturity5.045%Jun 3, 2026Yield to maturity5.053%Jun 9, 2026Yield to maturity5.069%Jun 15, 2026Yield to maturity5.027%Jun 22, 2026Yield to maturity5.005%Jun 26, 2026Yield to maturity4.924%Jul 2, 2026Yield to maturity5.048%Jul 9, 2026Yield to maturity5.115%Jul 15, 2026Yield to maturity5.136%Jul 21, 2026Yield to maturity5.191%Jul 27, 2026Yield to maturity5.186%Jul 31, 2026Yield to maturity5.335%Aug 6, 2026Yield to maturity5.279%Aug 12, 2026Yield to maturity5.307%Aug 18, 2026Yield to maturity5.350%Aug 24, 2026Yield to maturity5.284%Aug 28, 2026Yield to maturity5.271%Sep 3, 2026Yield to maturity5.303%Sep 10, 2026Yield to maturity5.426%Sep 16, 2026Yield to maturity5.412%Sep 22, 2026Yield to maturity5.350%Sep 28, 2026Yield to maturity5.623%Oct 2, 2026Yield to maturity5.696%Oct 8, 2026Yield to maturity5.668%Oct 15, 2026Yield to maturity5.487%Oct 21, 2026Yield to maturity5.482%Oct 27, 2026Yield to maturity5.362%Nov 2, 2026Yield to maturity5.344%Nov 6, 2026Yield to maturity5.320%Nov 9, 2026Yield to maturity5.325%

Price history

934 trading days to Nov 9, 2026

707580859095100105Feb 15, 2023Nov 9, 2026Feb 15, 2023Close96.094Feb 22, 2023Close94.625Feb 28, 2023Close94.781Mar 6, 2023Close94.969Mar 10, 2023Close98.656Mar 16, 2023Close98.500Mar 22, 2023Close99.063Mar 28, 2023Close97.469Apr 3, 2023Close99.750Apr 7, 2023Close100.250Apr 13, 2023Close98.813Apr 19, 2023Close97.031Apr 25, 2023Close99.469May 1, 2023Close96.250May 5, 2023Close97.656May 11, 2023Close97.938May 17, 2023Close95.469May 23, 2023Close94.125May 30, 2023Close94.969Jun 5, 2023Close95.250Jun 9, 2023Close95.313Jun 15, 2023Close96.000Jun 22, 2023Close95.500Jun 28, 2023Close96.688Jul 5, 2023Close94.281Jul 11, 2023Close93.031Jul 17, 2023Close94.531Jul 21, 2023Close94.906Jul 27, 2023Close92.438Aug 2, 2023Close90.781Aug 8, 2023Close90.281Aug 14, 2023Close88.750Aug 18, 2023Close87.375Aug 24, 2023Close88.625Aug 30, 2023Close89.719Sep 6, 2023Close87.594Sep 12, 2023Close87.875Sep 18, 2023Close87.156Sep 22, 2023Close85.250Sep 28, 2023Close82.594Oct 4, 2023Close80.500Oct 11, 2023Close82.469Oct 17, 2023Close79.750Oct 23, 2023Close78.719Oct 27, 2023Close78.500Nov 2, 2023Close81.250Nov 8, 2023Close83.688Nov 14, 2023Close83.813Nov 20, 2023Close84.469Nov 27, 2023Close85.031Dec 1, 2023Close86.813Dec 7, 2023Close89.156Dec 13, 2023Close90.000Dec 19, 2023Close92.438Dec 26, 2023Close92.313Jan 2, 2024Close91.719Jan 8, 2024Close90.313Jan 12, 2024Close89.875Jan 19, 2024Close87.563Jan 25, 2024Close87.156Jan 31, 2024Close89.500Feb 6, 2024Close88.500Feb 12, 2024Close87.313Feb 16, 2024Close86.125Feb 23, 2024Close87.250Feb 29, 2024Close87.281Mar 6, 2024Close89.281Mar 12, 2024Close88.219Mar 18, 2024Close86.031Mar 22, 2024Close87.094Mar 28, 2024Close87.844Apr 4, 2024Close86.031Apr 10, 2024Close83.719Apr 16, 2024Close81.844Apr 22, 2024Close82.469Apr 26, 2024Close81.719May 2, 2024Close82.531May 8, 2024Close83.688May 14, 2024Close84.281May 20, 2024Close84.531May 24, 2024Close84.594May 31, 2024Close83.531Jun 6, 2024Close86.688Jun 12, 2024Close86.000Jun 18, 2024Close87.688Jun 25, 2024Close87.656Jul 1, 2024Close83.594Jul 8, 2024Close86.219Jul 12, 2024Close87.188Jul 18, 2024Close86.875Jul 24, 2024Close85.063Jul 30, 2024Close87.000Aug 5, 2024Close92.063Aug 9, 2024Close89.406Aug 15, 2024Close90.219Aug 21, 2024Close92.000Aug 27, 2024Close91.000Sep 3, 2024Close91.000Sep 9, 2024Close93.000Sep 13, 2024Close93.281Sep 19, 2024Close92.031Sep 25, 2024Close90.813Oct 1, 2024Close91.688Oct 7, 2024Close88.188Oct 11, 2024Close87.094Oct 18, 2024Close87.219Oct 24, 2024Close86.000Oct 30, 2024Close85.688Nov 5, 2024Close86.344Nov 12, 2024Close84.188Nov 18, 2024Close83.688Nov 22, 2024Close83.938Nov 29, 2024Close87.313Dec 5, 2024Close87.875Dec 11, 2024Close85.656Dec 17, 2024Close84.125Dec 23, 2024Close81.531Dec 30, 2024Close81.594Jan 6, 2025Close80.688Jan 10, 2025Close79.188Jan 16, 2025Close80.813Jan 23, 2025Close80.469Jan 29, 2025Close81.531Feb 4, 2025Close82.031Feb 10, 2025Close82.500Feb 14, 2025Close82.656Feb 21, 2025Close83.094Feb 27, 2025Close84.563Mar 5, 2025Close84.281Mar 11, 2025Close83.969Mar 17, 2025Close83.938Mar 21, 2025Close84.063Mar 27, 2025Close82.188Apr 2, 2025Close84.750Apr 8, 2025Close82.469Apr 14, 2025Close81.250Apr 21, 2025Close79.875Apr 25, 2025Close82.156May 1, 2025Close82.156May 7, 2025Close81.719May 13, 2025Close79.500May 19, 2025Close79.750May 23, 2025Close78.281May 30, 2025Close79.688Jun 5, 2025Close80.219Jun 11, 2025Close79.875Jun 17, 2025Close80.250Jun 24, 2025Close80.969Jun 30, 2025Close81.719Jul 7, 2025Close79.813Jul 11, 2025Close79.375Jul 17, 2025Close78.750Jul 23, 2025Close79.563Jul 29, 2025Close80.719Aug 4, 2025Close81.688Aug 8, 2025Close80.906Aug 14, 2025Close80.594Aug 20, 2025Close80.406Aug 26, 2025Close80.250Sep 2, 2025Close79.375Sep 8, 2025Close83.250Sep 12, 2025Close83.344Sep 18, 2025Close82.719Sep 24, 2025Close82.281Sep 30, 2025Close82.625Oct 6, 2025Close82.219Oct 10, 2025Close84.031Oct 17, 2025Close84.469Oct 23, 2025Close84.688Oct 29, 2025Close84.313Nov 4, 2025Close83.438Nov 10, 2025Close82.938Nov 17, 2025Close82.563Nov 21, 2025Close82.813Nov 28, 2025Close83.500Dec 4, 2025Close82.156Dec 10, 2025Close81.875Dec 16, 2025Close81.438Dec 22, 2025Close81.156Dec 29, 2025Close81.656Jan 5, 2026Close81.000Jan 9, 2026Close81.469Jan 15, 2026Close81.844Jan 22, 2026Close81.156Jan 28, 2026Close81.000Feb 3, 2026Close80.438Feb 9, 2026Close81.094Feb 13, 2026Close83.125Feb 20, 2026Close82.781Feb 26, 2026Close83.500Mar 4, 2026Close82.781Mar 10, 2026Close82.031Mar 16, 2026Close80.906Mar 20, 2026Close79.531Mar 26, 2026Close79.906Apr 1, 2026Close80.156Apr 7, 2026Close80.344Apr 13, 2026Close80.438Apr 17, 2026Close80.594Apr 23, 2026Close80.156Apr 29, 2026Close79.406May 5, 2026Close79.344May 11, 2026Close79.375May 15, 2026Close77.563May 21, 2026Close77.906May 28, 2026Close79.281Jun 3, 2026Close79.188Jun 9, 2026Close79.000Jun 15, 2026Close79.531Jun 22, 2026Close79.813Jun 26, 2026Close80.844Jul 2, 2026Close79.281Jul 9, 2026Close78.469Jul 15, 2026Close78.219Jul 21, 2026Close77.563Jul 27, 2026Close77.625Jul 31, 2026Close75.875Aug 6, 2026Close76.531Aug 12, 2026Close76.219Aug 18, 2026Close75.719Aug 24, 2026Close76.500Aug 28, 2026Close76.656Sep 3, 2026Close76.281Sep 10, 2026Close74.875Sep 16, 2026Close75.031Sep 22, 2026Close75.750Sep 28, 2026Close72.688Oct 2, 2026Close71.906Oct 8, 2026Close72.219Oct 15, 2026Close74.219Oct 21, 2026Close74.281Oct 27, 2026Close75.656Nov 2, 2026Close75.875Nov 6, 2026Close76.156Nov 9, 2026Close76.094
The most recent 20 trading days of prices for 912810TN8.
DateBidOfferClose
Nov 9, 202676.09476.12576.094
Nov 6, 202676.21976.23476.156
Nov 5, 202676.18876.23476.250
Nov 4, 202675.62575.65675.906
Nov 3, 202675.59475.62575.438
Nov 2, 202676.25076.26675.875
Oct 30, 202675.46975.48475.469
Oct 29, 202675.46975.50075.469
Oct 28, 202675.34475.37574.781
Oct 27, 202675.62575.65675.656
Oct 26, 202675.56375.60975.563
Oct 23, 202675.50075.53175.375
Oct 22, 202675.34475.37575.844
Oct 21, 202674.40674.43874.281
Oct 20, 202674.28174.31374.281
Oct 19, 202673.90673.92273.625
Oct 16, 202674.40674.43874.281
Oct 15, 202674.28174.31374.219
Oct 14, 202672.65672.68873.156
Oct 13, 202672.71972.73472.719

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 912810TN8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 9, 2023Feb 15, 2023New issue$21.0bn$29.2bn2.25x3.686%
Mar 9, 2023Mar 15, 2023Reopening$18.0bn$18.0bn2.35x3.877%
Apr 13, 2023Apr 17, 2023Reopening$18.0bn$19.2bn2.36x3.661%

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.