Treasury bond

912810TX6 · 4.25% due February 15, 2054

Original term
30-Year
Maturity
Feb 15, 2054
Coupon
4.250%
Pays
Semi-Annual
Dated
Feb 15, 2024
First coupon
Aug 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$71.20bn
Held stripped
$19.39bn
Share stripped
27.23%

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, November 9, 2026

Yield to maturity
5.310%
Modified duration
14.837 yr
DV01
0.1273
Convexity
3.2
Dirty price
85.817

Where its rate sensitivity sits

0.01
0.01
0.04
0.09
0.21
0.39
0.64
1.24
1.69
1.68
5.45
3.54
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 14.989 years against a modified duration of 14.837.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 1.97 cents per 100 of face.

That is 0.66 standard deviations from its own typical residual.

Yield to maturity, 683 observations

3.5%4.0%4.5%5.0%5.5%6.0%Feb 15, 2024Nov 9, 2026Feb 15, 2024Yield to maturity4.420%Feb 21, 2024Yield to maturity4.490%Feb 26, 2024Yield to maturity4.403%Feb 29, 2024Yield to maturity4.376%Mar 5, 2024Yield to maturity4.270%Mar 8, 2024Yield to maturity4.259%Mar 13, 2024Yield to maturity4.347%Mar 18, 2024Yield to maturity4.463%Mar 21, 2024Yield to maturity4.443%Mar 26, 2024Yield to maturity4.401%Apr 1, 2024Yield to maturity4.469%Apr 4, 2024Yield to maturity4.469%Apr 9, 2024Yield to maturity4.496%Apr 12, 2024Yield to maturity4.610%Apr 17, 2024Yield to maturity4.704%Apr 22, 2024Yield to maturity4.721%Apr 25, 2024Yield to maturity4.816%Apr 30, 2024Yield to maturity4.790%May 3, 2024Yield to maturity4.661%May 8, 2024Yield to maturity4.639%May 13, 2024Yield to maturity4.635%May 16, 2024Yield to maturity4.524%May 21, 2024Yield to maturity4.558%May 24, 2024Yield to maturity4.573%May 30, 2024Yield to maturity4.689%Jun 4, 2024Yield to maturity4.479%Jun 7, 2024Yield to maturity4.551%Jun 12, 2024Yield to maturity4.479%Jun 17, 2024Yield to maturity4.411%Jun 21, 2024Yield to maturity4.396%Jun 26, 2024Yield to maturity4.452%Jul 1, 2024Yield to maturity4.650%Jul 5, 2024Yield to maturity4.476%Jul 10, 2024Yield to maturity4.476%Jul 15, 2024Yield to maturity4.462%Jul 18, 2024Yield to maturity4.419%Jul 23, 2024Yield to maturity4.480%Jul 26, 2024Yield to maturity4.456%Jul 31, 2024Yield to maturity4.360%Aug 5, 2024Yield to maturity4.069%Aug 8, 2024Yield to maturity4.301%Aug 13, 2024Yield to maturity4.172%Aug 16, 2024Yield to maturity4.169%Aug 21, 2024Yield to maturity4.078%Aug 26, 2024Yield to maturity4.123%Aug 29, 2024Yield to maturity4.168%Sep 4, 2024Yield to maturity4.076%Sep 9, 2024Yield to maturity4.013%Sep 12, 2024Yield to maturity4.012%Sep 17, 2024Yield to maturity3.967%Sep 20, 2024Yield to maturity4.081%Sep 25, 2024Yield to maturity4.148%Sep 30, 2024Yield to maturity4.146%Oct 3, 2024Yield to maturity4.190%Oct 8, 2024Yield to maturity4.331%Oct 11, 2024Yield to maturity4.398%Oct 17, 2024Yield to maturity4.395%Oct 22, 2024Yield to maturity4.497%Oct 25, 2024Yield to maturity4.521%Oct 30, 2024Yield to maturity4.499%Nov 4, 2024Yield to maturity4.503%Nov 7, 2024Yield to maturity4.547%Nov 13, 2024Yield to maturity4.653%Nov 18, 2024Yield to maturity4.632%Nov 21, 2024Yield to maturity4.636%Nov 26, 2024Yield to maturity4.501%Dec 2, 2024Yield to maturity4.375%Dec 5, 2024Yield to maturity4.345%Dec 10, 2024Yield to maturity4.424%Dec 13, 2024Yield to maturity4.635%Dec 18, 2024Yield to maturity4.668%Dec 23, 2024Yield to maturity4.796%Dec 27, 2024Yield to maturity4.835%Jan 2, 2025Yield to maturity4.809%Jan 7, 2025Yield to maturity4.927%Jan 10, 2025Yield to maturity4.987%Jan 15, 2025Yield to maturity4.898%Jan 21, 2025Yield to maturity4.814%Jan 24, 2025Yield to maturity4.868%Jan 29, 2025Yield to maturity4.810%Feb 3, 2025Yield to maturity4.789%Feb 6, 2025Yield to maturity4.669%Feb 11, 2025Yield to maturity4.770%Feb 14, 2025Yield to maturity4.726%Feb 20, 2025Yield to maturity4.772%Feb 25, 2025Yield to maturity4.581%Feb 28, 2025Yield to maturity4.543%Mar 5, 2025Yield to maturity4.604%Mar 10, 2025Yield to maturity4.577%Mar 13, 2025Yield to maturity4.628%Mar 18, 2025Yield to maturity4.610%Mar 21, 2025Yield to maturity4.622%Mar 26, 2025Yield to maturity4.722%Mar 31, 2025Yield to maturity4.620%Apr 3, 2025Yield to maturity4.519%Apr 8, 2025Yield to maturity4.743%Apr 11, 2025Yield to maturity4.886%Apr 16, 2025Yield to maturity4.780%Apr 22, 2025Yield to maturity4.919%Apr 25, 2025Yield to maturity4.772%Apr 30, 2025Yield to maturity4.695%May 5, 2025Yield to maturity4.860%May 8, 2025Yield to maturity4.873%May 13, 2025Yield to maturity4.977%May 16, 2025Yield to maturity4.931%May 21, 2025Yield to maturity5.114%May 27, 2025Yield to maturity4.978%May 30, 2025Yield to maturity4.962%Jun 4, 2025Yield to maturity4.927%Jun 9, 2025Yield to maturity4.994%Jun 12, 2025Yield to maturity4.876%Jun 17, 2025Yield to maturity4.923%Jun 23, 2025Yield to maturity4.908%Jun 26, 2025Yield to maturity4.849%Jul 1, 2025Yield to maturity4.808%Jul 7, 2025Yield to maturity4.957%Jul 10, 2025Yield to maturity4.895%Jul 15, 2025Yield to maturity5.045%Jul 18, 2025Yield to maturity5.027%Jul 23, 2025Yield to maturity4.975%Jul 28, 2025Yield to maturity4.989%Jul 31, 2025Yield to maturity4.911%Aug 5, 2025Yield to maturity4.798%Aug 8, 2025Yield to maturity4.879%Aug 13, 2025Yield to maturity4.850%Aug 18, 2025Yield to maturity4.963%Aug 21, 2025Yield to maturity4.947%Aug 26, 2025Yield to maturity4.928%Aug 29, 2025Yield to maturity4.939%Sep 4, 2025Yield to maturity4.879%Sep 9, 2025Yield to maturity4.730%Sep 12, 2025Yield to maturity4.692%Sep 17, 2025Yield to maturity4.671%Sep 22, 2025Yield to maturity4.782%Sep 25, 2025Yield to maturity4.767%Sep 30, 2025Yield to maturity4.750%Oct 3, 2025Yield to maturity4.731%Oct 8, 2025Yield to maturity4.741%Oct 14, 2025Yield to maturity4.634%Oct 17, 2025Yield to maturity4.613%Oct 22, 2025Yield to maturity4.556%Oct 27, 2025Yield to maturity4.585%Oct 30, 2025Yield to maturity4.668%Nov 4, 2025Yield to maturity4.689%Nov 7, 2025Yield to maturity4.719%Nov 13, 2025Yield to maturity4.727%Nov 18, 2025Yield to maturity4.766%Nov 21, 2025Yield to maturity4.736%Nov 26, 2025Yield to maturity4.664%Dec 2, 2025Yield to maturity4.762%Dec 5, 2025Yield to maturity4.814%Dec 10, 2025Yield to maturity4.810%Dec 15, 2025Yield to maturity4.873%Dec 18, 2025Yield to maturity4.823%Dec 23, 2025Yield to maturity4.852%Dec 29, 2025Yield to maturity4.826%Jan 2, 2026Yield to maturity4.887%Jan 7, 2026Yield to maturity4.841%Jan 12, 2026Yield to maturity4.859%Jan 15, 2026Yield to maturity4.813%Jan 21, 2026Yield to maturity4.897%Jan 26, 2026Yield to maturity4.822%Jan 29, 2026Yield to maturity4.873%Feb 3, 2026Yield to maturity4.924%Feb 6, 2026Yield to maturity4.878%Feb 11, 2026Yield to maturity4.840%Feb 17, 2026Yield to maturity4.707%Feb 20, 2026Yield to maturity4.747%Feb 25, 2026Yield to maturity4.717%Mar 2, 2026Yield to maturity4.722%Mar 5, 2026Yield to maturity4.769%Mar 10, 2026Yield to maturity4.804%Mar 13, 2026Yield to maturity4.936%Mar 18, 2026Yield to maturity4.910%Mar 23, 2026Yield to maturity4.952%Mar 26, 2026Yield to maturity4.970%Mar 31, 2026Yield to maturity4.914%Apr 3, 2026Yield to maturity4.948%Apr 8, 2026Yield to maturity4.919%Apr 13, 2026Yield to maturity4.928%Apr 16, 2026Yield to maturity4.960%Apr 21, 2026Yield to maturity4.922%Apr 24, 2026Yield to maturity4.938%Apr 29, 2026Yield to maturity5.012%May 4, 2026Yield to maturity5.054%May 7, 2026Yield to maturity5.008%May 12, 2026Yield to maturity5.061%May 15, 2026Yield to maturity5.164%May 20, 2026Yield to maturity5.150%May 26, 2026Yield to maturity5.069%May 29, 2026Yield to maturity5.025%Jun 3, 2026Yield to maturity5.028%Jun 8, 2026Yield to maturity5.069%Jun 11, 2026Yield to maturity4.987%Jun 16, 2026Yield to maturity4.960%Jun 22, 2026Yield to maturity4.985%Jun 25, 2026Yield to maturity4.897%Jun 30, 2026Yield to maturity4.953%Jul 6, 2026Yield to maturity5.027%Jul 9, 2026Yield to maturity5.094%Jul 14, 2026Yield to maturity5.122%Jul 17, 2026Yield to maturity5.104%Jul 22, 2026Yield to maturity5.194%Jul 27, 2026Yield to maturity5.165%Jul 30, 2026Yield to maturity5.252%Aug 4, 2026Yield to maturity5.230%Aug 7, 2026Yield to maturity5.235%Aug 12, 2026Yield to maturity5.289%Aug 17, 2026Yield to maturity5.353%Aug 20, 2026Yield to maturity5.270%Aug 25, 2026Yield to maturity5.207%Aug 28, 2026Yield to maturity5.253%Sep 2, 2026Yield to maturity5.307%Sep 8, 2026Yield to maturity5.292%Sep 11, 2026Yield to maturity5.394%Sep 16, 2026Yield to maturity5.394%Sep 21, 2026Yield to maturity5.330%Sep 24, 2026Yield to maturity5.516%Sep 29, 2026Yield to maturity5.641%Oct 2, 2026Yield to maturity5.681%Oct 7, 2026Yield to maturity5.710%Oct 13, 2026Yield to maturity5.605%Oct 16, 2026Yield to maturity5.466%Oct 21, 2026Yield to maturity5.464%Oct 26, 2026Yield to maturity5.351%Oct 29, 2026Yield to maturity5.361%Nov 3, 2026Yield to maturity5.364%Nov 6, 2026Yield to maturity5.305%Nov 9, 2026Yield to maturity5.310%

Price history

683 trading days to Nov 9, 2026

7580859095100105110Feb 15, 2024Nov 9, 2026Feb 15, 2024Close97.188Feb 21, 2024Close96.063Feb 26, 2024Close97.469Feb 29, 2024Close97.906Mar 5, 2024Close99.656Mar 8, 2024Close99.844Mar 13, 2024Close98.375Mar 18, 2024Close96.500Mar 21, 2024Close96.813Mar 26, 2024Close97.500Apr 1, 2024Close96.406Apr 4, 2024Close96.406Apr 9, 2024Close95.969Apr 12, 2024Close94.188Apr 17, 2024Close92.750Apr 22, 2024Close92.500Apr 25, 2024Close91.094Apr 30, 2024Close91.469May 3, 2024Close93.406May 8, 2024Close93.750May 13, 2024Close93.813May 16, 2024Close95.531May 21, 2024Close95.000May 24, 2024Close94.781May 30, 2024Close93.000Jun 4, 2024Close96.250Jun 7, 2024Close95.125Jun 12, 2024Close96.250Jun 17, 2024Close97.344Jun 21, 2024Close97.594Jun 26, 2024Close96.688Jul 1, 2024Close93.594Jul 5, 2024Close96.313Jul 10, 2024Close96.313Jul 15, 2024Close96.531Jul 18, 2024Close97.219Jul 23, 2024Close96.250Jul 26, 2024Close96.625Jul 31, 2024Close98.188Aug 5, 2024Close103.094Aug 8, 2024Close99.156Aug 13, 2024Close101.313Aug 16, 2024Close101.375Aug 21, 2024Close102.938Aug 26, 2024Close102.156Aug 29, 2024Close101.375Sep 4, 2024Close102.969Sep 9, 2024Close104.063Sep 12, 2024Close104.094Sep 17, 2024Close104.875Sep 20, 2024Close102.875Sep 25, 2024Close101.719Sep 30, 2024Close101.750Oct 3, 2024Close101.000Oct 8, 2024Close98.656Oct 11, 2024Close97.563Oct 17, 2024Close97.625Oct 22, 2024Close96.000Oct 25, 2024Close95.625Oct 30, 2024Close95.969Nov 4, 2024Close95.906Nov 7, 2024Close95.219Nov 13, 2024Close93.594Nov 18, 2024Close93.906Nov 21, 2024Close93.844Nov 26, 2024Close95.938Dec 2, 2024Close97.938Dec 5, 2024Close98.438Dec 10, 2024Close97.156Dec 13, 2024Close93.875Dec 18, 2024Close93.375Dec 23, 2024Close91.469Dec 27, 2024Close90.906Jan 2, 2025Close91.281Jan 7, 2025Close89.594Jan 10, 2025Close88.750Jan 15, 2025Close90.000Jan 21, 2025Close91.219Jan 24, 2025Close90.438Jan 29, 2025Close91.281Feb 3, 2025Close91.594Feb 6, 2025Close93.375Feb 11, 2025Close91.875Feb 14, 2025Close92.531Feb 20, 2025Close91.844Feb 25, 2025Close94.719Feb 28, 2025Close95.313Mar 5, 2025Close94.375Mar 10, 2025Close94.781Mar 13, 2025Close94.000Mar 18, 2025Close94.281Mar 21, 2025Close94.094Mar 26, 2025Close92.594Mar 31, 2025Close94.125Apr 3, 2025Close95.688Apr 8, 2025Close92.281Apr 11, 2025Close90.219Apr 16, 2025Close91.750Apr 22, 2025Close89.750Apr 25, 2025Close91.875Apr 30, 2025Close93.000May 5, 2025Close90.594May 8, 2025Close90.406May 13, 2025Close88.938May 16, 2025Close89.594May 21, 2025Close87.063May 27, 2025Close88.938May 30, 2025Close89.156Jun 4, 2025Close89.656Jun 9, 2025Close88.719Jun 12, 2025Close90.375Jun 17, 2025Close89.719Jun 23, 2025Close89.938Jun 26, 2025Close90.781Jul 1, 2025Close91.375Jul 7, 2025Close89.250Jul 10, 2025Close90.125Jul 15, 2025Close88.031Jul 18, 2025Close88.281Jul 23, 2025Close89.000Jul 28, 2025Close88.813Jul 31, 2025Close89.906Aug 5, 2025Close91.531Aug 8, 2025Close90.375Aug 13, 2025Close90.781Aug 18, 2025Close89.188Aug 21, 2025Close89.406Aug 26, 2025Close89.688Aug 29, 2025Close89.531Sep 4, 2025Close90.375Sep 9, 2025Close92.531Sep 12, 2025Close93.094Sep 17, 2025Close93.406Sep 22, 2025Close91.781Sep 25, 2025Close92.000Sep 30, 2025Close92.250Oct 3, 2025Close92.531Oct 8, 2025Close92.375Oct 14, 2025Close93.969Oct 17, 2025Close94.281Oct 22, 2025Close95.156Oct 27, 2025Close94.719Oct 30, 2025Close93.469Nov 4, 2025Close93.156Nov 7, 2025Close92.719Nov 13, 2025Close92.594Nov 18, 2025Close92.031Nov 21, 2025Close92.469Nov 26, 2025Close93.531Dec 2, 2025Close92.094Dec 5, 2025Close91.344Dec 10, 2025Close91.406Dec 15, 2025Close90.500Dec 18, 2025Close91.219Dec 23, 2025Close90.813Dec 29, 2025Close91.188Jan 2, 2026Close90.313Jan 7, 2026Close90.969Jan 12, 2026Close90.719Jan 15, 2026Close91.375Jan 21, 2026Close90.188Jan 26, 2026Close91.250Jan 29, 2026Close90.531Feb 3, 2026Close89.813Feb 6, 2026Close90.469Feb 11, 2026Close91.000Feb 17, 2026Close92.938Feb 20, 2026Close92.344Feb 25, 2026Close92.781Mar 2, 2026Close92.719Mar 5, 2026Close92.031Mar 10, 2026Close91.531Mar 13, 2026Close89.656Mar 18, 2026Close90.031Mar 23, 2026Close89.438Mar 26, 2026Close89.188Mar 31, 2026Close89.969Apr 3, 2026Close89.500Apr 8, 2026Close89.906Apr 13, 2026Close89.781Apr 16, 2026Close89.344Apr 21, 2026Close89.875Apr 24, 2026Close89.656Apr 29, 2026Close88.625May 4, 2026Close88.063May 7, 2026Close88.688May 12, 2026Close87.969May 15, 2026Close86.594May 20, 2026Close86.781May 26, 2026Close87.875May 29, 2026Close88.469Jun 3, 2026Close88.438Jun 8, 2026Close87.875Jun 11, 2026Close89.000Jun 16, 2026Close89.375Jun 22, 2026Close89.031Jun 25, 2026Close90.250Jun 30, 2026Close89.469Jul 6, 2026Close88.469Jul 9, 2026Close87.563Jul 14, 2026Close87.188Jul 17, 2026Close87.438Jul 22, 2026Close86.250Jul 27, 2026Close86.625Jul 30, 2026Close85.500Aug 4, 2026Close85.781Aug 7, 2026Close85.719Aug 12, 2026Close85.031Aug 17, 2026Close84.219Aug 20, 2026Close85.281Aug 25, 2026Close86.094Aug 28, 2026Close85.500Sep 2, 2026Close84.813Sep 8, 2026Close85.000Sep 11, 2026Close83.719Sep 16, 2026Close83.719Sep 21, 2026Close84.531Sep 24, 2026Close82.219Sep 29, 2026Close80.719Oct 2, 2026Close80.250Oct 7, 2026Close79.906Oct 13, 2026Close81.156Oct 16, 2026Close82.844Oct 21, 2026Close82.875Oct 26, 2026Close84.281Oct 29, 2026Close84.156Nov 3, 2026Close84.125Nov 6, 2026Close84.875Nov 9, 2026Close84.813
The most recent 20 trading days of prices for 912810TX6.
DateBidOfferClose
Nov 9, 202684.81384.84484.813
Nov 6, 202684.93884.96984.875
Nov 5, 202684.96985.00085.000
Nov 4, 202684.31384.34484.625
Nov 3, 202684.28184.31384.125
Nov 2, 202685.00085.01684.594
Oct 30, 202684.15684.17284.156
Oct 29, 202684.15684.18884.156
Oct 28, 202684.03184.06383.469
Oct 27, 202684.34484.35984.375
Oct 26, 202684.28184.31384.281
Oct 23, 202684.21984.23484.063
Oct 22, 202684.03184.06384.594
Oct 21, 202683.00083.03182.875
Oct 20, 202682.84482.85982.844
Oct 19, 202682.40682.43882.125
Oct 16, 202682.96983.00082.844
Oct 15, 202682.81382.84482.750
Oct 14, 202681.09481.10981.625
Oct 13, 202681.15681.17281.156

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 912810TX6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 8, 2024Feb 15, 2024New issue$25.0bn$26.8bn2.40x4.360%
Mar 13, 2024Mar 15, 2024Reopening$22.0bn$22.0bn2.47x4.331%
Apr 11, 2024Apr 15, 2024Reopening$22.0bn$22.4bn2.37x4.671%

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.