Treasury bond

912810TR9 · 3.625% due May 15, 2053

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

Statement of October 31, 2026

Amount outstanding
$62.59bn
Held stripped
$18.98bn
Share stripped
30.32%

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
5.322%
Modified duration
14.994 yr
DV01
0.1166
Convexity
3.23
Dirty price
77.794

Where its rate sensitivity sits

0.01
0.04
0.09
0.20
0.37
0.60
1.17
1.59
1.58
6.93
2.57
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 11 of twelve buckets, summing to 15.147 years against a modified duration of 14.994.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 9.10 cents per 100 of face.

That is 0.02 standard deviations from its own typical residual.

Yield to maturity, 872 observations

3.5%4.0%4.5%5.0%5.5%6.0%May 15, 2023Nov 9, 2026May 15, 2023Yield to maturity3.838%May 19, 2023Yield to maturity3.950%May 25, 2023Yield to maturity4.005%Jun 1, 2023Yield to maturity3.835%Jun 7, 2023Yield to maturity3.945%Jun 13, 2023Yield to maturity3.941%Jun 20, 2023Yield to maturity3.824%Jun 26, 2023Yield to maturity3.824%Jun 30, 2023Yield to maturity3.846%Jul 7, 2023Yield to maturity4.043%Jul 13, 2023Yield to maturity3.899%Jul 19, 2023Yield to maturity3.842%Jul 25, 2023Yield to maturity3.949%Jul 31, 2023Yield to maturity4.019%Aug 4, 2023Yield to maturity4.202%Aug 10, 2023Yield to maturity4.250%Aug 16, 2023Yield to maturity4.378%Aug 22, 2023Yield to maturity4.416%Aug 28, 2023Yield to maturity4.285%Sep 1, 2023Yield to maturity4.295%Sep 8, 2023Yield to maturity4.334%Sep 14, 2023Yield to maturity4.396%Sep 20, 2023Yield to maturity4.399%Sep 26, 2023Yield to maturity4.702%Oct 2, 2023Yield to maturity4.804%Oct 6, 2023Yield to maturity4.942%Oct 13, 2023Yield to maturity4.780%Oct 19, 2023Yield to maturity5.098%Oct 25, 2023Yield to maturity5.089%Oct 31, 2023Yield to maturity5.033%Nov 6, 2023Yield to maturity4.841%Nov 10, 2023Yield to maturity4.752%Nov 16, 2023Yield to maturity4.649%Nov 22, 2023Yield to maturity4.570%Nov 29, 2023Yield to maturity4.460%Dec 5, 2023Yield to maturity4.327%Dec 11, 2023Yield to maturity4.348%Dec 15, 2023Yield to maturity4.028%Dec 21, 2023Yield to maturity4.053%Dec 28, 2023Yield to maturity4.003%Jan 4, 2024Yield to maturity4.158%Jan 10, 2024Yield to maturity4.228%Jan 17, 2024Yield to maturity4.332%Jan 23, 2024Yield to maturity4.399%Jan 29, 2024Yield to maturity4.333%Feb 2, 2024Yield to maturity4.243%Feb 8, 2024Yield to maturity4.387%Feb 14, 2024Yield to maturity4.474%Feb 21, 2024Yield to maturity4.515%Feb 27, 2024Yield to maturity4.468%Mar 4, 2024Yield to maturity4.378%Mar 8, 2024Yield to maturity4.279%Mar 14, 2024Yield to maturity4.463%Mar 20, 2024Yield to maturity4.471%Mar 26, 2024Yield to maturity4.419%Apr 2, 2024Yield to maturity4.524%Apr 8, 2024Yield to maturity4.565%Apr 12, 2024Yield to maturity4.625%Apr 18, 2024Yield to maturity4.754%Apr 24, 2024Yield to maturity4.793%Apr 30, 2024Yield to maturity4.803%May 6, 2024Yield to maturity4.653%May 10, 2024Yield to maturity4.665%May 16, 2024Yield to maturity4.541%May 22, 2024Yield to maturity4.565%May 29, 2024Yield to maturity4.754%Jun 4, 2024Yield to maturity4.496%Jun 10, 2024Yield to maturity4.613%Jun 14, 2024Yield to maturity4.365%Jun 21, 2024Yield to maturity4.414%Jun 27, 2024Yield to maturity4.446%Jul 3, 2024Yield to maturity4.550%Jul 10, 2024Yield to maturity4.489%Jul 16, 2024Yield to maturity4.398%Jul 22, 2024Yield to maturity4.496%Jul 26, 2024Yield to maturity4.475%Aug 1, 2024Yield to maturity4.296%Aug 7, 2024Yield to maturity4.290%Aug 13, 2024Yield to maturity4.197%Aug 19, 2024Yield to maturity4.149%Aug 23, 2024Yield to maturity4.133%Aug 29, 2024Yield to maturity4.187%Sep 5, 2024Yield to maturity4.053%Sep 11, 2024Yield to maturity3.995%Sep 17, 2024Yield to maturity3.987%Sep 23, 2024Yield to maturity4.122%Sep 27, 2024Yield to maturity4.136%Oct 3, 2024Yield to maturity4.225%Oct 9, 2024Yield to maturity4.374%Oct 16, 2024Yield to maturity4.332%Oct 22, 2024Yield to maturity4.516%Oct 28, 2024Yield to maturity4.553%Nov 1, 2024Yield to maturity4.593%Nov 7, 2024Yield to maturity4.569%Nov 14, 2024Yield to maturity4.625%Nov 20, 2024Yield to maturity4.641%Nov 26, 2024Yield to maturity4.528%Dec 3, 2024Yield to maturity4.442%Dec 9, 2024Yield to maturity4.429%Dec 13, 2024Yield to maturity4.660%Dec 19, 2024Yield to maturity4.789%Dec 26, 2024Yield to maturity4.808%Jan 2, 2025Yield to maturity4.843%Jan 8, 2025Yield to maturity4.963%Jan 14, 2025Yield to maturity5.020%Jan 21, 2025Yield to maturity4.833%Jan 27, 2025Yield to maturity4.803%Jan 31, 2025Yield to maturity4.869%Feb 6, 2025Yield to maturity4.690%Feb 12, 2025Yield to maturity4.874%Feb 19, 2025Yield to maturity4.811%Feb 25, 2025Yield to maturity4.601%Mar 3, 2025Yield to maturity4.500%Mar 7, 2025Yield to maturity4.672%Mar 13, 2025Yield to maturity4.652%Mar 19, 2025Yield to maturity4.609%Mar 25, 2025Yield to maturity4.707%Mar 31, 2025Yield to maturity4.641%Apr 4, 2025Yield to maturity4.460%Apr 10, 2025Yield to maturity4.924%Apr 16, 2025Yield to maturity4.801%Apr 23, 2025Yield to maturity4.886%Apr 29, 2025Yield to maturity4.695%May 5, 2025Yield to maturity4.883%May 9, 2025Yield to maturity4.900%May 15, 2025Yield to maturity4.968%May 21, 2025Yield to maturity5.132%May 28, 2025Yield to maturity5.027%Jun 3, 2025Yield to maturity5.045%Jun 9, 2025Yield to maturity5.016%Jun 13, 2025Yield to maturity4.970%Jun 20, 2025Yield to maturity4.948%Jun 26, 2025Yield to maturity4.867%Jul 2, 2025Yield to maturity4.872%Jul 9, 2025Yield to maturity4.920%Jul 15, 2025Yield to maturity5.065%Jul 21, 2025Yield to maturity4.987%Jul 25, 2025Yield to maturity4.970%Jul 31, 2025Yield to maturity4.929%Aug 6, 2025Yield to maturity4.848%Aug 12, 2025Yield to maturity4.925%Aug 18, 2025Yield to maturity4.984%Aug 22, 2025Yield to maturity4.924%Aug 28, 2025Yield to maturity4.919%Sep 4, 2025Yield to maturity4.900%Sep 10, 2025Yield to maturity4.721%Sep 16, 2025Yield to maturity4.683%Sep 22, 2025Yield to maturity4.801%Sep 26, 2025Yield to maturity4.807%Oct 2, 2025Yield to maturity4.732%Oct 8, 2025Yield to maturity4.763%Oct 15, 2025Yield to maturity4.668%Oct 21, 2025Yield to maturity4.580%Oct 27, 2025Yield to maturity4.608%Oct 31, 2025Yield to maturity4.709%Nov 6, 2025Yield to maturity4.727%Nov 13, 2025Yield to maturity4.749%Nov 19, 2025Yield to maturity4.796%Nov 25, 2025Yield to maturity4.712%Dec 2, 2025Yield to maturity4.783%Dec 8, 2025Yield to maturity4.859%Dec 12, 2025Yield to maturity4.905%Dec 18, 2025Yield to maturity4.843%Dec 24, 2025Yield to maturity4.839%Dec 31, 2025Yield to maturity4.889%Jan 7, 2026Yield to maturity4.866%Jan 13, 2026Yield to maturity4.873%Jan 20, 2026Yield to maturity4.956%Jan 26, 2026Yield to maturity4.843%Jan 30, 2026Yield to maturity4.916%Feb 5, 2026Yield to maturity4.899%Feb 11, 2026Yield to maturity4.861%Feb 18, 2026Yield to maturity4.757%Feb 24, 2026Yield to maturity4.741%Mar 2, 2026Yield to maturity4.744%Mar 6, 2026Yield to maturity4.815%Mar 12, 2026Yield to maturity4.933%Mar 18, 2026Yield to maturity4.931%Mar 24, 2026Yield to maturity4.996%Mar 30, 2026Yield to maturity4.964%Apr 3, 2026Yield to maturity4.969%Apr 9, 2026Yield to maturity4.950%Apr 15, 2026Yield to maturity4.943%Apr 21, 2026Yield to maturity4.941%Apr 27, 2026Yield to maturity4.993%May 1, 2026Yield to maturity5.024%May 7, 2026Yield to maturity5.027%May 13, 2026Yield to maturity5.095%May 19, 2026Yield to maturity5.240%May 26, 2026Yield to maturity5.091%Jun 1, 2026Yield to maturity5.049%Jun 5, 2026Yield to maturity5.069%Jun 11, 2026Yield to maturity5.007%Jun 17, 2026Yield to maturity4.987%Jun 24, 2026Yield to maturity4.914%Jun 30, 2026Yield to maturity4.971%Jul 7, 2026Yield to maturity5.107%Jul 13, 2026Yield to maturity5.159%Jul 17, 2026Yield to maturity5.123%Jul 23, 2026Yield to maturity5.230%Jul 29, 2026Yield to maturity5.264%Aug 4, 2026Yield to maturity5.249%Aug 10, 2026Yield to maturity5.310%Aug 14, 2026Yield to maturity5.319%Aug 20, 2026Yield to maturity5.287%Aug 26, 2026Yield to maturity5.233%Sep 1, 2026Yield to maturity5.323%Sep 8, 2026Yield to maturity5.308%Sep 14, 2026Yield to maturity5.397%Sep 18, 2026Yield to maturity5.392%Sep 24, 2026Yield to maturity5.531%Sep 30, 2026Yield to maturity5.700%Oct 6, 2026Yield to maturity5.700%Oct 13, 2026Yield to maturity5.621%Oct 19, 2026Yield to maturity5.536%Oct 23, 2026Yield to maturity5.383%Oct 29, 2026Yield to maturity5.378%Nov 4, 2026Yield to maturity5.338%Nov 9, 2026Yield to maturity5.322%

Price history

872 trading days to Nov 9, 2026

707580859095100May 15, 2023Nov 9, 2026May 15, 2023Close96.219May 19, 2023Close94.313May 25, 2023Close93.406Jun 1, 2023Close96.281Jun 7, 2023Close94.406Jun 13, 2023Close94.469Jun 20, 2023Close96.469Jun 26, 2023Close96.469Jun 30, 2023Close96.094Jul 7, 2023Close92.781Jul 13, 2023Close95.188Jul 19, 2023Close96.156Jul 25, 2023Close94.344Jul 31, 2023Close93.188Aug 4, 2023Close90.250Aug 10, 2023Close89.500Aug 16, 2023Close87.531Aug 22, 2023Close86.969Aug 28, 2023Close88.969Sep 1, 2023Close88.813Sep 8, 2023Close88.219Sep 14, 2023Close87.281Sep 20, 2023Close87.250Sep 26, 2023Close82.875Oct 2, 2023Close81.469Oct 6, 2023Close79.625Oct 13, 2023Close81.813Oct 19, 2023Close77.625Oct 25, 2023Close77.750Oct 31, 2023Close78.469Nov 6, 2023Close81.000Nov 10, 2023Close82.219Nov 16, 2023Close83.656Nov 22, 2023Close84.781Nov 29, 2023Close86.375Dec 5, 2023Close88.375Dec 11, 2023Close88.063Dec 15, 2023Close93.094Dec 21, 2023Close92.688Dec 28, 2023Close93.500Jan 4, 2024Close91.000Jan 10, 2024Close89.906Jan 17, 2024Close88.313Jan 23, 2024Close87.313Jan 29, 2024Close88.313Feb 2, 2024Close89.688Feb 8, 2024Close87.500Feb 14, 2024Close86.219Feb 21, 2024Close85.625Feb 27, 2024Close86.313Mar 4, 2024Close87.656Mar 8, 2024Close89.156Mar 14, 2024Close86.406Mar 20, 2024Close86.281Mar 26, 2024Close87.063Apr 2, 2024Close85.531Apr 8, 2024Close84.938Apr 12, 2024Close84.094Apr 18, 2024Close82.313Apr 24, 2024Close81.781Apr 30, 2024Close81.656May 6, 2024Close83.719May 10, 2024Close83.563May 16, 2024Close85.313May 22, 2024Close84.969May 29, 2024Close82.344Jun 4, 2024Close85.969Jun 10, 2024Close84.313Jun 14, 2024Close87.906Jun 21, 2024Close87.188Jun 27, 2024Close86.719Jul 3, 2024Close85.219Jul 10, 2024Close86.094Jul 16, 2024Close87.438Jul 22, 2024Close86.000Jul 26, 2024Close86.313Aug 1, 2024Close88.969Aug 7, 2024Close89.063Aug 13, 2024Close90.500Aug 19, 2024Close91.250Aug 23, 2024Close91.500Aug 29, 2024Close90.656Sep 5, 2024Close92.781Sep 11, 2024Close93.719Sep 17, 2024Close93.844Sep 23, 2024Close91.688Sep 27, 2024Close91.469Oct 3, 2024Close90.094Oct 9, 2024Close87.844Oct 16, 2024Close88.469Oct 22, 2024Close85.781Oct 28, 2024Close85.250Nov 1, 2024Close84.688Nov 7, 2024Close85.031Nov 14, 2024Close84.250Nov 20, 2024Close84.031Nov 26, 2024Close85.625Dec 3, 2024Close86.875Dec 9, 2024Close87.063Dec 13, 2024Close83.781Dec 19, 2024Close82.031Dec 26, 2024Close81.781Jan 2, 2025Close81.313Jan 8, 2025Close79.750Jan 14, 2025Close79.031Jan 21, 2025Close81.469Jan 27, 2025Close81.875Jan 31, 2025Close81.000Feb 6, 2025Close83.406Feb 12, 2025Close80.938Feb 19, 2025Close81.781Feb 25, 2025Close84.656Mar 3, 2025Close86.094Mar 7, 2025Close83.688Mar 13, 2025Close83.969Mar 19, 2025Close84.563Mar 25, 2025Close83.219Mar 31, 2025Close84.125Apr 4, 2025Close86.688Apr 10, 2025Close80.344Apr 16, 2025Close81.969Apr 23, 2025Close80.844Apr 29, 2025Close83.406May 5, 2025Close80.906May 9, 2025Close80.688May 15, 2025Close79.813May 21, 2025Close77.750May 28, 2025Close79.063Jun 3, 2025Close78.844Jun 9, 2025Close79.219Jun 13, 2025Close79.813Jun 20, 2025Close80.094Jun 26, 2025Close81.156Jul 2, 2025Close81.094Jul 9, 2025Close80.469Jul 15, 2025Close78.625Jul 21, 2025Close79.625Jul 25, 2025Close79.844Jul 31, 2025Close80.375Aug 6, 2025Close81.438Aug 12, 2025Close80.438Aug 18, 2025Close79.688Aug 22, 2025Close80.469Aug 28, 2025Close80.531Sep 4, 2025Close80.781Sep 10, 2025Close83.156Sep 16, 2025Close83.688Sep 22, 2025Close82.094Sep 26, 2025Close82.031Oct 2, 2025Close83.031Oct 8, 2025Close82.625Oct 15, 2025Close83.906Oct 21, 2025Close85.125Oct 27, 2025Close84.750Oct 31, 2025Close83.375Nov 6, 2025Close83.125Nov 13, 2025Close82.844Nov 19, 2025Close82.219Nov 25, 2025Close83.344Dec 2, 2025Close82.406Dec 8, 2025Close81.406Dec 12, 2025Close80.813Dec 18, 2025Close81.625Dec 24, 2025Close81.688Dec 31, 2025Close81.031Jan 7, 2026Close81.344Jan 13, 2026Close81.250Jan 20, 2026Close80.188Jan 26, 2026Close81.656Jan 30, 2026Close80.719Feb 5, 2026Close80.938Feb 11, 2026Close81.438Feb 18, 2026Close82.813Feb 24, 2026Close83.031Mar 2, 2026Close83.000Mar 6, 2026Close82.063Mar 12, 2026Close80.531Mar 18, 2026Close80.563Mar 24, 2026Close79.750Mar 30, 2026Close80.156Apr 3, 2026Close80.094Apr 9, 2026Close80.344Apr 15, 2026Close80.438Apr 21, 2026Close80.469Apr 27, 2026Close79.813May 1, 2026Close79.438May 7, 2026Close79.406May 13, 2026Close78.563May 19, 2026Close76.813May 26, 2026Close78.625Jun 1, 2026Close79.156Jun 5, 2026Close78.906Jun 11, 2026Close79.688Jun 17, 2026Close79.938Jun 24, 2026Close80.875Jun 30, 2026Close80.156Jul 7, 2026Close78.469Jul 13, 2026Close77.844Jul 17, 2026Close78.281Jul 23, 2026Close77.000Jul 29, 2026Close76.594Aug 4, 2026Close76.781Aug 10, 2026Close76.063Aug 14, 2026Close75.969Aug 20, 2026Close76.344Aug 26, 2026Close77.000Sep 1, 2026Close75.938Sep 8, 2026Close76.125Sep 14, 2026Close75.094Sep 18, 2026Close75.156Sep 24, 2026Close73.594Sep 30, 2026Close71.750Oct 6, 2026Close71.750Oct 13, 2026Close72.625Oct 19, 2026Close73.563Oct 23, 2026Close75.313Oct 29, 2026Close75.375Nov 4, 2026Close75.844Nov 9, 2026Close76.031
The most recent 20 trading days of prices for 912810TR9.
DateBidOfferClose
Nov 9, 202676.03176.06376.031
Nov 6, 202676.15676.18876.094
Nov 5, 202676.15676.18876.188
Nov 4, 202675.56375.57875.844
Nov 3, 202675.53175.56375.375
Nov 2, 202676.15676.18875.813
Oct 30, 202675.37575.40675.406
Oct 29, 202675.40675.43875.375
Oct 28, 202675.28175.31374.719
Oct 27, 202675.56375.59475.594
Oct 26, 202675.53175.56375.500
Oct 23, 202675.46975.50075.313
Oct 22, 202675.28175.31375.813
Oct 21, 202674.34474.37574.250
Oct 20, 202674.21974.25074.219
Oct 19, 202673.81373.84473.563
Oct 16, 202674.34474.37574.219
Oct 15, 202674.21974.25074.156
Oct 14, 202672.59472.62573.094
Oct 13, 202672.62572.65672.625

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 912810TR9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 11, 2023May 15, 2023New issue$21.0bn$26.7bn2.43x3.741%
Jun 13, 2023Jun 15, 2023Reopening$18.0bn$18.0bn2.52x3.908%
Jul 13, 2023Jul 17, 2023Reopening$18.0bn$18.0bn2.43x3.910%

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.