Treasury bond

912810TV0 · 4.75% due November 15, 2053

Original term
30-Year
Maturity
Nov 15, 2053
Coupon
4.750%
Pays
Semi-Annual
Dated
Nov 15, 2023
First coupon
May 15, 2024
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$66.44bn
Held stripped
$10.78bn
Share stripped
16.23%

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
5.405%
Modified duration
14.305 yr
DV01
0.1320
Convexity
302.147
Dirty price
92.255

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 14.433 years against a modified duration of 14.305.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 2.55 cents per 100 of face.

That is 0.84 standard deviations from its own typical residual.

Yield to maturity, 706 observations

3.75%4.00%4.25%4.50%4.75%5.00%5.25%5.50%Nov 15, 2023Sep 10, 2026Nov 15, 2023Yield to maturity4.678%Dec 11, 2023Yield to maturity4.328%Jan 5, 2024Yield to maturity4.208%Jan 31, 2024Yield to maturity4.225%Feb 26, 2024Yield to maturity4.403%Mar 20, 2024Yield to maturity4.448%Apr 12, 2024Yield to maturity4.606%May 7, 2024Yield to maturity4.606%May 31, 2024Yield to maturity4.648%Jun 26, 2024Yield to maturity4.447%Jul 22, 2024Yield to maturity4.476%Aug 14, 2024Yield to maturity4.119%Sep 9, 2024Yield to maturity4.007%Oct 2, 2024Yield to maturity4.139%Oct 28, 2024Yield to maturity4.530%Nov 21, 2024Yield to maturity4.638%Dec 17, 2024Yield to maturity4.606%Jan 13, 2025Yield to maturity4.990%Feb 6, 2025Yield to maturity4.668%Mar 4, 2025Yield to maturity4.557%Mar 27, 2025Yield to maturity4.760%Apr 21, 2025Yield to maturity4.937%May 14, 2025Yield to maturity5.007%Jun 9, 2025Yield to maturity4.990%Jul 3, 2025Yield to maturity4.885%Jul 29, 2025Yield to maturity4.881%Aug 21, 2025Yield to maturity4.937%Sep 16, 2025Yield to maturity4.654%Oct 9, 2025Yield to maturity4.734%Nov 4, 2025Yield to maturity4.677%Dec 1, 2025Yield to maturity4.756%Dec 24, 2025Yield to maturity4.807%Jan 21, 2026Yield to maturity4.884%Feb 13, 2026Yield to maturity4.705%Mar 11, 2026Yield to maturity4.876%Apr 3, 2026Yield to maturity4.939%Apr 28, 2026Yield to maturity4.961%May 21, 2026Yield to maturity5.130%Jun 16, 2026Yield to maturity4.955%Jul 13, 2026Yield to maturity5.139%Aug 5, 2026Yield to maturity5.214%Aug 28, 2026Yield to maturity5.251%Sep 10, 2026Yield to maturity5.405%

Price history

706 trading days to Sep 10, 2026

9095100105110115Nov 15, 2023Sep 10, 2026Nov 15, 2023Close101.156Dec 11, 2023Close107.031Jan 5, 2024Close109.156Jan 31, 2024Close108.844Feb 26, 2024Close105.719Mar 20, 2024Close104.938Apr 12, 2024Close102.313May 7, 2024Close102.313May 31, 2024Close101.625Jun 26, 2024Close104.938Jul 22, 2024Close104.438Aug 14, 2024Close110.656Sep 9, 2024Close112.719Oct 2, 2024Close110.281Oct 28, 2024Close103.531Nov 21, 2024Close101.781Dec 17, 2024Close102.281Jan 13, 2025Close96.344Feb 6, 2025Close101.281Mar 4, 2025Close103.063Mar 27, 2025Close99.844Apr 21, 2025Close97.156May 14, 2025Close96.125Jun 9, 2025Close96.375Jul 3, 2025Close97.938Jul 29, 2025Close98.000Aug 21, 2025Close97.156Sep 16, 2025Close101.500Oct 9, 2025Close100.250Nov 4, 2025Close101.125Dec 1, 2025Close99.906Dec 24, 2025Close99.125Jan 21, 2026Close97.969Feb 13, 2026Close100.688Mar 11, 2026Close98.094Apr 3, 2026Close97.156Apr 28, 2026Close96.844May 21, 2026Close94.438Jun 16, 2026Close96.938Jul 13, 2026Close94.313Aug 5, 2026Close93.281Aug 28, 2026Close92.781Sep 10, 2026Close90.719
The most recent 20 trading days of prices for 912810TV0.
DateBidOfferClose
Sep 10, 202691.07891.06390.719
Sep 9, 202691.70391.68891.906
Sep 8, 202692.43892.40692.281
Sep 4, 202692.48492.46992.406
Sep 3, 202692.60992.59492.375
Sep 2, 202692.04792.03192.063
Sep 1, 202692.42292.40692.063
Aug 31, 202692.20392.18892.344
Aug 28, 202693.26693.25092.781
Aug 27, 202693.35993.34493.156
Aug 26, 202693.32893.31393.313
Aug 25, 202693.35993.34493.469
Aug 24, 202692.85992.84492.656
Aug 21, 202692.14192.12592.000
Aug 20, 202692.35992.34492.594
Aug 19, 202692.95392.93893.063
Aug 18, 202691.57891.56391.750
Aug 17, 202691.79791.78191.438
Aug 14, 202692.07892.06392.188
Aug 13, 202692.76692.75092.781

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 912810TV0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 9, 2023Nov 15, 2023New issue$24.0bn$24.5bn2.24x4.769%
Dec 12, 2023Dec 15, 2023Reopening$21.0bn$21.0bn2.43x4.344%
Jan 11, 2024Jan 16, 2024Reopening$21.0bn$21.0bn2.37x4.229%

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.