Treasury bond

912810UA4 · 4.625% due May 15, 2054

Original term
30-Year
Maturity
May 15, 2054
Coupon
4.625%
Pays
Semi-Annual
Dated
May 15, 2024
First coupon
Nov 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$76.42bn
Held stripped
$16.81bn
Share stripped
22.00%

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
5.300%
Modified duration
14.449 yr
DV01
0.1337
Convexity
3.1
Dirty price
92.531

Where its rate sensitivity sits

0.01
0.04
0.09
0.21
0.39
0.64
1.25
1.71
1.70
4.87
3.67
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 14.588 years against a modified duration of 14.449.

Against the fitted curve

Priced 0.3 bp rich to the curve on that day, 3.45 cents per 100 of face.

That is 0.72 standard deviations from its own typical residual.

Yield to maturity, 621 observations

3.5%4.0%4.5%5.0%5.5%6.0%May 15, 2024Nov 9, 2026May 15, 2024Yield to maturity4.516%May 20, 2024Yield to maturity4.577%May 23, 2024Yield to maturity4.579%May 29, 2024Yield to maturity4.735%Jun 3, 2024Yield to maturity4.552%Jun 6, 2024Yield to maturity4.428%Jun 11, 2024Yield to maturity4.531%Jun 14, 2024Yield to maturity4.342%Jun 20, 2024Yield to maturity4.389%Jun 25, 2024Yield to maturity4.361%Jun 28, 2024Yield to maturity4.512%Jul 3, 2024Yield to maturity4.529%Jul 9, 2024Yield to maturity4.489%Jul 12, 2024Yield to maturity4.394%Jul 17, 2024Yield to maturity4.367%Jul 22, 2024Yield to maturity4.476%Jul 25, 2024Yield to maturity4.500%Jul 30, 2024Yield to maturity4.399%Aug 2, 2024Yield to maturity4.106%Aug 7, 2024Yield to maturity4.258%Aug 12, 2024Yield to maturity4.199%Aug 15, 2024Yield to maturity4.182%Aug 20, 2024Yield to maturity4.078%Aug 23, 2024Yield to maturity4.105%Aug 28, 2024Yield to maturity4.136%Sep 3, 2024Yield to maturity4.131%Sep 6, 2024Yield to maturity4.031%Sep 11, 2024Yield to maturity3.966%Sep 16, 2024Yield to maturity3.941%Sep 19, 2024Yield to maturity4.063%Sep 24, 2024Yield to maturity4.091%Sep 27, 2024Yield to maturity4.099%Oct 2, 2024Yield to maturity4.135%Oct 7, 2024Yield to maturity4.306%Oct 10, 2024Yield to maturity4.382%Oct 16, 2024Yield to maturity4.302%Oct 21, 2024Yield to maturity4.485%Oct 24, 2024Yield to maturity4.470%Oct 29, 2024Yield to maturity4.523%Nov 1, 2024Yield to maturity4.567%Nov 6, 2024Yield to maturity4.613%Nov 12, 2024Yield to maturity4.594%Nov 15, 2024Yield to maturity4.613%Nov 20, 2024Yield to maturity4.607%Nov 25, 2024Yield to maturity4.462%Nov 29, 2024Yield to maturity4.374%Dec 4, 2024Yield to maturity4.363%Dec 9, 2024Yield to maturity4.398%Dec 12, 2024Yield to maturity4.561%Dec 17, 2024Yield to maturity4.599%Dec 20, 2024Yield to maturity4.728%Dec 26, 2024Yield to maturity4.774%Dec 31, 2024Yield to maturity4.794%Jan 6, 2025Yield to maturity4.856%Jan 9, 2025Yield to maturity4.945%Jan 14, 2025Yield to maturity4.994%Jan 17, 2025Yield to maturity4.854%Jan 23, 2025Yield to maturity4.879%Jan 28, 2025Yield to maturity4.794%Jan 31, 2025Yield to maturity4.839%Feb 5, 2025Yield to maturity4.648%Feb 10, 2025Yield to maturity4.726%Feb 13, 2025Yield to maturity4.744%Feb 19, 2025Yield to maturity4.782%Feb 24, 2025Yield to maturity4.678%Feb 27, 2025Yield to maturity4.576%Mar 4, 2025Yield to maturity4.549%Mar 7, 2025Yield to maturity4.638%Mar 12, 2025Yield to maturity4.654%Mar 17, 2025Yield to maturity4.623%Mar 20, 2025Yield to maturity4.574%Mar 25, 2025Yield to maturity4.674%Mar 28, 2025Yield to maturity4.658%Apr 2, 2025Yield to maturity4.564%Apr 7, 2025Yield to maturity4.597%Apr 10, 2025Yield to maturity4.890%Apr 15, 2025Yield to maturity4.809%Apr 21, 2025Yield to maturity4.936%Apr 24, 2025Yield to maturity4.791%Apr 29, 2025Yield to maturity4.664%May 2, 2025Yield to maturity4.812%May 7, 2025Yield to maturity4.791%May 12, 2025Yield to maturity4.920%May 15, 2025Yield to maturity4.941%May 20, 2025Yield to maturity4.994%May 23, 2025Yield to maturity5.066%May 29, 2025Yield to maturity4.954%Jun 3, 2025Yield to maturity5.018%Jun 6, 2025Yield to maturity4.997%Jun 11, 2025Yield to maturity4.939%Jun 16, 2025Yield to maturity4.988%Jun 20, 2025Yield to maturity4.918%Jun 25, 2025Yield to maturity4.857%Jun 30, 2025Yield to maturity4.802%Jul 3, 2025Yield to maturity4.885%Jul 9, 2025Yield to maturity4.893%Jul 14, 2025Yield to maturity4.991%Jul 17, 2025Yield to maturity5.034%Jul 22, 2025Yield to maturity4.923%Jul 25, 2025Yield to maturity4.944%Jul 30, 2025Yield to maturity4.914%Aug 4, 2025Yield to maturity4.810%Aug 7, 2025Yield to maturity4.831%Aug 12, 2025Yield to maturity4.898%Aug 15, 2025Yield to maturity4.942%Aug 20, 2025Yield to maturity4.908%Aug 25, 2025Yield to maturity4.908%Aug 28, 2025Yield to maturity4.891%Sep 3, 2025Yield to maturity4.910%Sep 8, 2025Yield to maturity4.694%Sep 11, 2025Yield to maturity4.652%Sep 16, 2025Yield to maturity4.652%Sep 19, 2025Yield to maturity4.757%Sep 24, 2025Yield to maturity4.765%Sep 29, 2025Yield to maturity4.717%Oct 2, 2025Yield to maturity4.703%Oct 7, 2025Yield to maturity4.737%Oct 10, 2025Yield to maturity4.637%Oct 16, 2025Yield to maturity4.583%Oct 21, 2025Yield to maturity4.552%Oct 24, 2025Yield to maturity4.595%Oct 29, 2025Yield to maturity4.615%Nov 3, 2025Yield to maturity4.705%Nov 6, 2025Yield to maturity4.699%Nov 12, 2025Yield to maturity4.677%Nov 17, 2025Yield to maturity4.746%Nov 20, 2025Yield to maturity4.742%Nov 25, 2025Yield to maturity4.679%Dec 1, 2025Yield to maturity4.754%Dec 4, 2025Yield to maturity4.776%Dec 9, 2025Yield to maturity4.820%Dec 12, 2025Yield to maturity4.872%Dec 17, 2025Yield to maturity4.843%Dec 22, 2025Yield to maturity4.851%Dec 26, 2025Yield to maturity4.828%Dec 31, 2025Yield to maturity4.857%Jan 6, 2026Yield to maturity4.874%Jan 9, 2026Yield to maturity4.828%Jan 14, 2026Yield to maturity4.801%Jan 20, 2026Yield to maturity4.925%Jan 23, 2026Yield to maturity4.837%Jan 28, 2026Yield to maturity4.868%Feb 2, 2026Yield to maturity4.917%Feb 5, 2026Yield to maturity4.866%Feb 10, 2026Yield to maturity4.793%Feb 13, 2026Yield to maturity4.707%Feb 19, 2026Yield to maturity4.717%Feb 24, 2026Yield to maturity4.709%Feb 27, 2026Yield to maturity4.647%Mar 4, 2026Yield to maturity4.736%Mar 9, 2026Yield to maturity4.742%Mar 12, 2026Yield to maturity4.900%Mar 17, 2026Yield to maturity4.867%Mar 20, 2026Yield to maturity4.986%Mar 25, 2026Yield to maturity4.920%Mar 30, 2026Yield to maturity4.933%Apr 2, 2026Yield to maturity4.907%Apr 7, 2026Yield to maturity4.926%Apr 10, 2026Yield to maturity4.931%Apr 15, 2026Yield to maturity4.912%Apr 20, 2026Yield to maturity4.899%Apr 23, 2026Yield to maturity4.942%Apr 28, 2026Yield to maturity4.963%May 1, 2026Yield to maturity4.991%May 6, 2026Yield to maturity4.961%May 11, 2026Yield to maturity5.005%May 14, 2026Yield to maturity5.044%May 19, 2026Yield to maturity5.205%May 22, 2026Yield to maturity5.095%May 28, 2026Yield to maturity5.009%Jun 2, 2026Yield to maturity4.992%Jun 5, 2026Yield to maturity5.036%Jun 10, 2026Yield to maturity5.055%Jun 15, 2026Yield to maturity4.994%Jun 18, 2026Yield to maturity4.929%Jun 24, 2026Yield to maturity4.885%Jun 29, 2026Yield to maturity4.885%Jul 2, 2026Yield to maturity5.012%Jul 8, 2026Yield to maturity5.091%Jul 13, 2026Yield to maturity5.129%Jul 16, 2026Yield to maturity5.120%Jul 21, 2026Yield to maturity5.159%Jul 24, 2026Yield to maturity5.188%Jul 29, 2026Yield to maturity5.234%Aug 3, 2026Yield to maturity5.262%Aug 6, 2026Yield to maturity5.246%Aug 11, 2026Yield to maturity5.271%Aug 14, 2026Yield to maturity5.288%Aug 19, 2026Yield to maturity5.221%Aug 24, 2026Yield to maturity5.255%Aug 27, 2026Yield to maturity5.216%Sep 1, 2026Yield to maturity5.297%Sep 4, 2026Yield to maturity5.272%Sep 10, 2026Yield to maturity5.397%Sep 15, 2026Yield to maturity5.397%Sep 18, 2026Yield to maturity5.366%Sep 23, 2026Yield to maturity5.433%Sep 28, 2026Yield to maturity5.595%Oct 1, 2026Yield to maturity5.647%Oct 6, 2026Yield to maturity5.680%Oct 9, 2026Yield to maturity5.640%Oct 15, 2026Yield to maturity5.465%Oct 20, 2026Yield to maturity5.456%Oct 23, 2026Yield to maturity5.361%Oct 28, 2026Yield to maturity5.406%Nov 2, 2026Yield to maturity5.316%Nov 5, 2026Yield to maturity5.284%Nov 9, 2026Yield to maturity5.300%

Price history

621 trading days to Nov 9, 2026

859095100105110115May 15, 2024Nov 9, 2026May 15, 2024Close101.781May 20, 2024Close100.781May 23, 2024Close100.750May 29, 2024Close98.250Jun 3, 2024Close101.188Jun 6, 2024Close103.250Jun 11, 2024Close101.531Jun 14, 2024Close104.719Jun 20, 2024Close103.906Jun 25, 2024Close104.375Jun 28, 2024Close101.844Jul 3, 2024Close101.563Jul 9, 2024Close102.219Jul 12, 2024Close103.813Jul 17, 2024Close104.281Jul 22, 2024Close102.438Jul 25, 2024Close102.031Jul 30, 2024Close103.719Aug 2, 2024Close108.875Aug 7, 2024Close106.156Aug 12, 2024Close107.188Aug 15, 2024Close107.500Aug 20, 2024Close109.375Aug 23, 2024Close108.875Aug 28, 2024Close108.313Sep 3, 2024Close108.406Sep 6, 2024Close110.219Sep 11, 2024Close111.438Sep 16, 2024Close111.906Sep 19, 2024Close109.625Sep 24, 2024Close109.125Sep 27, 2024Close108.969Oct 2, 2024Close108.313Oct 7, 2024Close105.313Oct 10, 2024Close104.000Oct 16, 2024Close105.375Oct 21, 2024Close102.281Oct 24, 2024Close102.531Oct 29, 2024Close101.656Nov 1, 2024Close100.938Nov 6, 2024Close100.188Nov 12, 2024Close100.500Nov 15, 2024Close100.188Nov 20, 2024Close100.281Nov 25, 2024Close102.656Nov 29, 2024Close104.125Dec 4, 2024Close104.313Dec 9, 2024Close103.719Dec 12, 2024Close101.031Dec 17, 2024Close100.406Dec 20, 2024Close98.375Dec 26, 2024Close97.656Dec 31, 2024Close97.344Jan 6, 2025Close96.406Jan 9, 2025Close95.063Jan 14, 2025Close94.344Jan 17, 2025Close96.438Jan 23, 2025Close96.063Jan 28, 2025Close97.344Jan 31, 2025Close96.656Feb 5, 2025Close99.625Feb 10, 2025Close98.406Feb 13, 2025Close98.125Feb 19, 2025Close97.531Feb 24, 2025Close99.156Feb 27, 2025Close100.781Mar 4, 2025Close101.219Mar 7, 2025Close99.781Mar 12, 2025Close99.531Mar 17, 2025Close100.031Mar 20, 2025Close100.813Mar 25, 2025Close99.219Mar 28, 2025Close99.469Apr 2, 2025Close100.969Apr 7, 2025Close100.438Apr 10, 2025Close95.906Apr 15, 2025Close97.125Apr 21, 2025Close95.219Apr 24, 2025Close97.406Apr 29, 2025Close99.375May 2, 2025Close97.094May 7, 2025Close97.406May 12, 2025Close95.469May 15, 2025Close95.156May 20, 2025Close94.375May 23, 2025Close93.344May 29, 2025Close94.969Jun 3, 2025Close94.031Jun 6, 2025Close94.344Jun 11, 2025Close95.188Jun 16, 2025Close94.469Jun 20, 2025Close95.500Jun 25, 2025Close96.406Jun 30, 2025Close97.250Jul 3, 2025Close96.000Jul 9, 2025Close95.875Jul 14, 2025Close94.438Jul 17, 2025Close93.813Jul 22, 2025Close95.438Jul 25, 2025Close95.125Jul 30, 2025Close95.563Aug 4, 2025Close97.125Aug 7, 2025Close96.813Aug 12, 2025Close95.813Aug 15, 2025Close95.156Aug 20, 2025Close95.656Aug 25, 2025Close95.656Aug 28, 2025Close95.906Sep 3, 2025Close95.625Sep 8, 2025Close98.906Sep 11, 2025Close99.563Sep 16, 2025Close99.563Sep 19, 2025Close97.938Sep 24, 2025Close97.813Sep 29, 2025Close98.563Oct 2, 2025Close98.781Oct 7, 2025Close98.250Oct 10, 2025Close99.813Oct 16, 2025Close100.656Oct 21, 2025Close101.156Oct 24, 2025Close100.469Oct 29, 2025Close100.156Nov 3, 2025Close98.750Nov 6, 2025Close98.844Nov 12, 2025Close99.188Nov 17, 2025Close98.125Nov 20, 2025Close98.188Nov 25, 2025Close99.156Dec 1, 2025Close98.000Dec 4, 2025Close97.656Dec 9, 2025Close97.000Dec 12, 2025Close96.219Dec 17, 2025Close96.656Dec 22, 2025Close96.531Dec 26, 2025Close96.875Dec 31, 2025Close96.438Jan 6, 2026Close96.188Jan 9, 2026Close96.875Jan 14, 2026Close97.281Jan 20, 2026Close95.438Jan 23, 2026Close96.750Jan 28, 2026Close96.281Feb 2, 2026Close95.563Feb 5, 2026Close96.313Feb 10, 2026Close97.406Feb 13, 2026Close98.719Feb 19, 2026Close98.563Feb 24, 2026Close98.688Feb 27, 2026Close99.656Mar 4, 2026Close98.281Mar 9, 2026Close98.188Mar 12, 2026Close95.813Mar 17, 2026Close96.313Mar 20, 2026Close94.563Mar 25, 2026Close95.531Mar 30, 2026Close95.344Apr 2, 2026Close95.719Apr 7, 2026Close95.438Apr 10, 2026Close95.375Apr 15, 2026Close95.656Apr 20, 2026Close95.844Apr 23, 2026Close95.219Apr 28, 2026Close94.906May 1, 2026Close94.500May 6, 2026Close94.938May 11, 2026Close94.313May 14, 2026Close93.750May 19, 2026Close91.500May 22, 2026Close93.031May 28, 2026Close94.250Jun 2, 2026Close94.500Jun 5, 2026Close93.875Jun 10, 2026Close93.594Jun 15, 2026Close94.469Jun 18, 2026Close95.406Jun 24, 2026Close96.063Jun 29, 2026Close96.063Jul 2, 2026Close94.219Jul 8, 2026Close93.094Jul 13, 2026Close92.563Jul 16, 2026Close92.688Jul 21, 2026Close92.156Jul 24, 2026Close91.750Jul 29, 2026Close91.125Aug 3, 2026Close90.750Aug 6, 2026Close90.969Aug 11, 2026Close90.625Aug 14, 2026Close90.406Aug 19, 2026Close91.313Aug 24, 2026Close90.844Aug 27, 2026Close91.375Sep 1, 2026Close90.281Sep 4, 2026Close90.625Sep 10, 2026Close88.969Sep 15, 2026Close88.969Sep 18, 2026Close89.375Sep 23, 2026Close88.500Sep 28, 2026Close86.438Oct 1, 2026Close85.781Oct 6, 2026Close85.375Oct 9, 2026Close85.875Oct 15, 2026Close88.094Oct 20, 2026Close88.219Oct 23, 2026Close89.469Oct 28, 2026Close88.875Nov 2, 2026Close90.063Nov 5, 2026Close90.500Nov 9, 2026Close90.281
The most recent 20 trading days of prices for 912810UA4.
DateBidOfferClose
Nov 9, 202690.28190.31390.281
Nov 6, 202690.43890.45390.375
Nov 5, 202690.43890.46990.500
Nov 4, 202689.78189.79790.094
Nov 3, 202689.75089.76689.563
Nov 2, 202690.46990.48490.063
Oct 30, 202689.59489.62589.625
Oct 29, 202689.62589.65689.594
Oct 28, 202689.46989.50088.875
Oct 27, 202689.78189.79789.844
Oct 26, 202689.71989.75089.719
Oct 23, 202689.65689.67289.469
Oct 22, 202689.43889.46990.031
Oct 21, 202688.37588.40688.250
Oct 20, 202688.18888.20388.219
Oct 19, 202687.71987.75087.469
Oct 16, 202688.34488.35988.188
Oct 15, 202688.15688.18888.094
Oct 14, 202686.34486.37586.906
Oct 13, 202686.40686.42286.438

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 912810UA4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 9, 2024May 15, 2024New issue$25.0bn$28.1bn2.41x4.635%
Jun 13, 2024Jun 17, 2024Reopening$22.0bn$22.7bn2.49x4.403%
Jul 11, 2024Jul 15, 2024Reopening$22.0bn$25.6bn2.30x4.405%

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.