Treasury bond

912810UE6 · 4.5% due November 15, 2054

Original term
30-Year
Maturity
Nov 15, 2054
Coupon
4.500%
Pays
Semi-Annual
Dated
Nov 15, 2024
First coupon
May 15, 2025
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$80.06bn
Held stripped
$14.50bn
Share stripped
18.11%

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, October 20, 2026

Yield to maturity
5.453%
Modified duration
14.544 yr
DV01
0.1284
Convexity
3.16
Dirty price
88.319

Where its rate sensitivity sits

<.01
0.01
0.04
0.09
0.22
0.40
0.64
1.24
1.69
1.68
4.17
4.57
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 12 of twelve buckets, summing to 14.752 years against a modified duration of 14.544.

Against the fitted curve

Priced 0.1 bp rich to the curve on that day, 1.03 cents per 100 of face.

That is 0.73 standard deviations from its own typical residual.

Yield to maturity, 482 observations

4.25%4.50%4.75%5.00%5.25%5.50%5.75%Nov 15, 2024Oct 20, 2026Nov 15, 2024Yield to maturity4.602%Nov 20, 2024Yield to maturity4.593%Nov 25, 2024Yield to maturity4.449%Nov 29, 2024Yield to maturity4.365%Dec 4, 2024Yield to maturity4.353%Dec 9, 2024Yield to maturity4.389%Dec 12, 2024Yield to maturity4.550%Dec 17, 2024Yield to maturity4.587%Dec 20, 2024Yield to maturity4.715%Dec 26, 2024Yield to maturity4.762%Dec 31, 2024Yield to maturity4.784%Jan 6, 2025Yield to maturity4.846%Jan 9, 2025Yield to maturity4.930%Jan 14, 2025Yield to maturity4.981%Jan 17, 2025Yield to maturity4.844%Jan 23, 2025Yield to maturity4.869%Jan 28, 2025Yield to maturity4.785%Jan 31, 2025Yield to maturity4.830%Feb 5, 2025Yield to maturity4.638%Feb 10, 2025Yield to maturity4.714%Feb 13, 2025Yield to maturity4.732%Feb 19, 2025Yield to maturity4.771%Feb 24, 2025Yield to maturity4.666%Feb 27, 2025Yield to maturity4.567%Mar 4, 2025Yield to maturity4.538%Mar 7, 2025Yield to maturity4.626%Mar 12, 2025Yield to maturity4.640%Mar 17, 2025Yield to maturity4.608%Mar 20, 2025Yield to maturity4.560%Mar 25, 2025Yield to maturity4.660%Mar 28, 2025Yield to maturity4.644%Apr 2, 2025Yield to maturity4.550%Apr 7, 2025Yield to maturity4.581%Apr 10, 2025Yield to maturity4.873%Apr 15, 2025Yield to maturity4.796%Apr 18, 2025Yield to maturity4.811%Apr 23, 2025Yield to maturity4.842%Apr 28, 2025Yield to maturity4.701%May 1, 2025Yield to maturity4.747%May 6, 2025Yield to maturity4.823%May 9, 2025Yield to maturity4.859%May 14, 2025Yield to maturity4.990%May 19, 2025Yield to maturity4.939%May 22, 2025Yield to maturity5.069%May 28, 2025Yield to maturity4.988%Jun 2, 2025Yield to maturity5.006%Jun 5, 2025Yield to maturity4.897%Jun 10, 2025Yield to maturity4.948%Jun 13, 2025Yield to maturity4.924%Jun 18, 2025Yield to maturity4.897%Jun 24, 2025Yield to maturity4.847%Jun 27, 2025Yield to maturity4.859%Jul 2, 2025Yield to maturity4.834%Jul 8, 2025Yield to maturity4.952%Jul 11, 2025Yield to maturity4.974%Jul 16, 2025Yield to maturity5.024%Jul 21, 2025Yield to maturity4.948%Jul 24, 2025Yield to maturity4.968%Jul 29, 2025Yield to maturity4.874%Aug 1, 2025Yield to maturity4.816%Aug 6, 2025Yield to maturity4.818%Aug 11, 2025Yield to maturity4.854%Aug 14, 2025Yield to maturity4.889%Aug 19, 2025Yield to maturity4.913%Aug 22, 2025Yield to maturity4.892%Aug 27, 2025Yield to maturity4.926%Sep 2, 2025Yield to maturity4.986%Sep 5, 2025Yield to maturity4.781%Sep 10, 2025Yield to maturity4.693%Sep 15, 2025Yield to maturity4.667%Sep 18, 2025Yield to maturity4.730%Sep 23, 2025Yield to maturity4.738%Sep 26, 2025Yield to maturity4.773%Oct 1, 2025Yield to maturity4.726%Oct 6, 2025Yield to maturity4.771%Oct 9, 2025Yield to maturity4.734%Oct 15, 2025Yield to maturity4.642%Oct 20, 2025Yield to maturity4.584%Oct 23, 2025Yield to maturity4.586%Oct 28, 2025Yield to maturity4.554%Oct 31, 2025Yield to maturity4.674%Nov 5, 2025Yield to maturity4.745%Nov 10, 2025Yield to maturity4.717%Nov 14, 2025Yield to maturity4.758%Nov 19, 2025Yield to maturity4.762%Nov 24, 2025Yield to maturity4.692%Nov 28, 2025Yield to maturity4.676%Dec 3, 2025Yield to maturity4.737%Dec 8, 2025Yield to maturity4.826%Dec 11, 2025Yield to maturity4.803%Dec 16, 2025Yield to maturity4.833%Dec 19, 2025Yield to maturity4.839%Dec 24, 2025Yield to maturity4.806%Dec 30, 2025Yield to maturity4.820%Jan 5, 2026Yield to maturity4.862%Jan 8, 2026Yield to maturity4.869%Jan 13, 2026Yield to maturity4.841%Jan 16, 2026Yield to maturity4.846%Jan 22, 2026Yield to maturity4.856%Jan 27, 2026Yield to maturity4.848%Jan 30, 2026Yield to maturity4.886%Feb 4, 2026Yield to maturity4.927%Feb 9, 2026Yield to maturity4.863%Feb 12, 2026Yield to maturity4.740%Feb 18, 2026Yield to maturity4.728%Feb 23, 2026Yield to maturity4.717%Feb 26, 2026Yield to maturity4.681%Mar 3, 2026Yield to maturity4.717%Mar 6, 2026Yield to maturity4.784%Mar 11, 2026Yield to maturity4.878%Mar 16, 2026Yield to maturity4.880%Mar 19, 2026Yield to maturity4.857%Mar 24, 2026Yield to maturity4.960%Mar 27, 2026Yield to maturity5.004%Apr 1, 2026Yield to maturity4.936%Apr 6, 2026Yield to maturity4.911%Apr 9, 2026Yield to maturity4.922%Apr 14, 2026Yield to maturity4.890%Apr 17, 2026Yield to maturity4.905%Apr 22, 2026Yield to maturity4.920%Apr 27, 2026Yield to maturity4.963%Apr 30, 2026Yield to maturity5.005%May 5, 2026Yield to maturity5.005%May 8, 2026Yield to maturity4.968%May 13, 2026Yield to maturity5.060%May 18, 2026Yield to maturity5.161%May 21, 2026Yield to maturity5.121%May 27, 2026Yield to maturity5.038%Jun 1, 2026Yield to maturity5.014%Jun 4, 2026Yield to maturity4.999%Jun 9, 2026Yield to maturity5.032%Jun 12, 2026Yield to maturity4.997%Jun 17, 2026Yield to maturity4.955%Jun 23, 2026Yield to maturity4.966%Jun 26, 2026Yield to maturity4.889%Jul 1, 2026Yield to maturity4.990%Jul 7, 2026Yield to maturity5.072%Jul 10, 2026Yield to maturity5.093%Jul 15, 2026Yield to maturity5.102%Jul 20, 2026Yield to maturity5.136%Jul 23, 2026Yield to maturity5.197%Jul 28, 2026Yield to maturity5.120%Jul 31, 2026Yield to maturity5.295%Aug 5, 2026Yield to maturity5.202%Aug 10, 2026Yield to maturity5.276%Aug 13, 2026Yield to maturity5.239%Aug 18, 2026Yield to maturity5.316%Aug 21, 2026Yield to maturity5.303%Aug 26, 2026Yield to maturity5.207%Aug 31, 2026Yield to maturity5.275%Sep 3, 2026Yield to maturity5.273%Sep 9, 2026Yield to maturity5.306%Sep 14, 2026Yield to maturity5.367%Sep 17, 2026Yield to maturity5.313%Sep 22, 2026Yield to maturity5.320%Sep 25, 2026Yield to maturity5.523%Sep 30, 2026Yield to maturity5.671%Oct 5, 2026Yield to maturity5.700%Oct 8, 2026Yield to maturity5.636%Oct 14, 2026Yield to maturity5.556%Oct 19, 2026Yield to maturity5.512%Oct 20, 2026Yield to maturity5.453%

Price history

482 trading days to Oct 20, 2026

80859095100105Nov 15, 2024Oct 20, 2026Nov 15, 2024Close98.344Nov 20, 2024Close98.500Nov 25, 2024Close100.844Nov 29, 2024Close102.250Dec 4, 2024Close102.438Dec 9, 2024Close101.844Dec 12, 2024Close99.188Dec 17, 2024Close98.594Dec 20, 2024Close96.563Dec 26, 2024Close95.844Dec 31, 2024Close95.500Jan 6, 2025Close94.563Jan 9, 2025Close93.313Jan 14, 2025Close92.563Jan 17, 2025Close94.594Jan 23, 2025Close94.219Jan 28, 2025Close95.500Jan 31, 2025Close94.813Feb 5, 2025Close97.781Feb 10, 2025Close96.594Feb 13, 2025Close96.313Feb 19, 2025Close95.719Feb 24, 2025Close97.344Feb 27, 2025Close98.906Mar 4, 2025Close99.375Mar 7, 2025Close97.969Mar 12, 2025Close97.750Mar 17, 2025Close98.250Mar 20, 2025Close99.031Mar 25, 2025Close97.438Mar 28, 2025Close97.688Apr 2, 2025Close99.188Apr 7, 2025Close98.688Apr 10, 2025Close94.188Apr 15, 2025Close95.344Apr 18, 2025Close95.125Apr 23, 2025Close94.656Apr 28, 2025Close96.813May 1, 2025Close96.094May 6, 2025Close94.938May 9, 2025Close94.406May 14, 2025Close92.469May 19, 2025Close93.219May 22, 2025Close91.344May 28, 2025Close92.500Jun 2, 2025Close92.250Jun 5, 2025Close93.844Jun 10, 2025Close93.094Jun 13, 2025Close93.438Jun 18, 2025Close93.844Jun 24, 2025Close94.594Jun 27, 2025Close94.406Jul 2, 2025Close94.781Jul 8, 2025Close93.031Jul 11, 2025Close92.719Jul 16, 2025Close92.000Jul 21, 2025Close93.094Jul 24, 2025Close92.813Jul 29, 2025Close94.188Aug 1, 2025Close95.063Aug 6, 2025Close95.031Aug 11, 2025Close94.500Aug 14, 2025Close93.969Aug 19, 2025Close93.625Aug 22, 2025Close93.938Aug 27, 2025Close93.438Sep 2, 2025Close92.563Sep 5, 2025Close95.594Sep 10, 2025Close96.938Sep 15, 2025Close97.344Sep 18, 2025Close96.375Sep 23, 2025Close96.250Sep 26, 2025Close95.719Oct 1, 2025Close96.438Oct 6, 2025Close95.750Oct 9, 2025Close96.313Oct 15, 2025Close97.750Oct 20, 2025Close98.656Oct 23, 2025Close98.625Oct 28, 2025Close99.125Oct 31, 2025Close97.250Nov 5, 2025Close96.156Nov 10, 2025Close96.594Nov 14, 2025Close95.969Nov 19, 2025Close95.906Nov 24, 2025Close96.969Nov 28, 2025Close97.219Dec 3, 2025Close96.281Dec 8, 2025Close94.938Dec 11, 2025Close95.281Dec 16, 2025Close94.844Dec 19, 2025Close94.750Dec 24, 2025Close95.250Dec 30, 2025Close95.031Jan 5, 2026Close94.406Jan 8, 2026Close94.313Jan 13, 2026Close94.719Jan 16, 2026Close94.656Jan 22, 2026Close94.500Jan 27, 2026Close94.625Jan 30, 2026Close94.063Feb 4, 2026Close93.469Feb 9, 2026Close94.406Feb 12, 2026Close96.250Feb 18, 2026Close96.438Feb 23, 2026Close96.594Feb 26, 2026Close97.156Mar 3, 2026Close96.594Mar 6, 2026Close95.594Mar 11, 2026Close94.188Mar 16, 2026Close94.156Mar 19, 2026Close94.500Mar 24, 2026Close93.000Mar 27, 2026Close92.375Apr 1, 2026Close93.344Apr 6, 2026Close93.719Apr 9, 2026Close93.563Apr 14, 2026Close94.031Apr 17, 2026Close93.813Apr 22, 2026Close93.594Apr 27, 2026Close92.969Apr 30, 2026Close92.375May 5, 2026Close92.375May 8, 2026Close92.906May 13, 2026Close91.594May 18, 2026Close90.188May 21, 2026Close90.750May 27, 2026Close91.906Jun 1, 2026Close92.250Jun 4, 2026Close92.469Jun 9, 2026Close92.000Jun 12, 2026Close92.500Jun 17, 2026Close93.094Jun 23, 2026Close92.938Jun 26, 2026Close94.063Jul 1, 2026Close92.594Jul 7, 2026Close91.438Jul 10, 2026Close91.156Jul 15, 2026Close91.031Jul 20, 2026Close90.563Jul 23, 2026Close89.719Jul 28, 2026Close90.781Jul 31, 2026Close88.406Aug 5, 2026Close89.656Aug 10, 2026Close88.656Aug 13, 2026Close89.156Aug 18, 2026Close88.125Aug 21, 2026Close88.313Aug 26, 2026Close89.594Aug 31, 2026Close88.688Sep 3, 2026Close88.719Sep 9, 2026Close88.281Sep 14, 2026Close87.469Sep 17, 2026Close88.188Sep 22, 2026Close88.094Sep 25, 2026Close85.469Sep 30, 2026Close83.625Oct 5, 2026Close83.281Oct 8, 2026Close84.063Oct 14, 2026Close85.063Oct 19, 2026Close85.625Oct 20, 2026Close86.375
The most recent 20 trading days of prices for 912810UE6.
DateBidOfferClose
Oct 20, 202686.37586.34486.375
Oct 19, 202685.93885.90685.625
Oct 16, 202686.53186.50086.344
Oct 15, 202686.34486.31386.281
Oct 14, 202684.54784.53185.063
Oct 13, 202684.60984.59484.625
Oct 9, 202683.93883.90684.063
Oct 8, 202683.43883.40684.063
Oct 7, 202683.03183.00083.281
Oct 6, 202683.70383.68883.563
Oct 5, 202683.12583.09483.281
Oct 2, 202683.93883.90683.656
Oct 1, 202683.75083.71983.969
Sep 30, 202683.78183.75083.625
Sep 29, 202683.98483.96984.188
Sep 28, 202684.50084.46984.625
Sep 25, 202685.12585.09485.469
Sep 24, 202686.01686.00085.719
Sep 23, 202686.93886.90686.688
Sep 22, 202688.04788.03188.094

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 912810UE6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 6, 2024Nov 15, 2024New issue$25.0bn$31.1bn2.64x4.608%
Dec 12, 2024Dec 16, 2024Reopening$22.0bn$22.2bn2.39x4.535%
Jan 8, 2025Jan 15, 2025Reopening$22.0bn$26.8bn2.52x4.913%

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.