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
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$80.06bn
Held stripped
$14.50bn
Share stripped
18.12%

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
5.297%
Modified duration
14.655 yr
DV01
0.1328
Convexity
3.2
Dirty price
90.626

Where its rate sensitivity sits

0.01
0.04
0.09
0.21
0.39
0.64
1.24
1.69
1.68
4.28
4.52
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 14.804 years against a modified duration of 14.655.

Against the fitted curve

Priced 0.1 bp rich to the curve on that day, 1.07 cents per 100 of face.

That is 0.65 standard deviations from its own typical residual.

Yield to maturity, 495 observations

4.25%4.50%4.75%5.00%5.25%5.50%5.75%Nov 15, 2024Nov 9, 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 21, 2025Yield to maturity4.919%Apr 24, 2025Yield to maturity4.778%Apr 29, 2025Yield to maturity4.653%May 2, 2025Yield to maturity4.798%May 7, 2025Yield to maturity4.778%May 12, 2025Yield to maturity4.909%May 15, 2025Yield to maturity4.931%May 20, 2025Yield to maturity4.982%May 23, 2025Yield to maturity5.053%May 29, 2025Yield to maturity4.943%Jun 3, 2025Yield to maturity5.001%Jun 6, 2025Yield to maturity4.982%Jun 11, 2025Yield to maturity4.927%Jun 16, 2025Yield to maturity4.974%Jun 20, 2025Yield to maturity4.908%Jun 25, 2025Yield to maturity4.847%Jun 30, 2025Yield to maturity4.793%Jul 3, 2025Yield to maturity4.874%Jul 9, 2025Yield to maturity4.882%Jul 14, 2025Yield to maturity4.980%Jul 17, 2025Yield to maturity5.024%Jul 22, 2025Yield to maturity4.914%Jul 25, 2025Yield to maturity4.934%Jul 30, 2025Yield to maturity4.906%Aug 4, 2025Yield to maturity4.806%Aug 7, 2025Yield to maturity4.826%Aug 12, 2025Yield to maturity4.894%Aug 15, 2025Yield to maturity4.936%Aug 20, 2025Yield to maturity4.904%Aug 25, 2025Yield to maturity4.904%Aug 28, 2025Yield to maturity4.890%Sep 3, 2025Yield to maturity4.907%Sep 8, 2025Yield to maturity4.695%Sep 11, 2025Yield to maturity4.653%Sep 16, 2025Yield to maturity4.653%Sep 19, 2025Yield to maturity4.755%Sep 24, 2025Yield to maturity4.763%Sep 29, 2025Yield to maturity4.716%Oct 2, 2025Yield to maturity4.702%Oct 7, 2025Yield to maturity4.734%Oct 10, 2025Yield to maturity4.636%Oct 16, 2025Yield to maturity4.584%Oct 21, 2025Yield to maturity4.552%Oct 24, 2025Yield to maturity4.594%Oct 29, 2025Yield to maturity4.612%Nov 3, 2025Yield to maturity4.702%Nov 6, 2025Yield to maturity4.694%Nov 12, 2025Yield to maturity4.676%Nov 17, 2025Yield to maturity4.743%Nov 20, 2025Yield to maturity4.739%Nov 25, 2025Yield to maturity4.680%Dec 1, 2025Yield to maturity4.754%Dec 4, 2025Yield to maturity4.776%Dec 9, 2025Yield to maturity4.818%Dec 12, 2025Yield to maturity4.873%Dec 17, 2025Yield to maturity4.841%Dec 22, 2025Yield to maturity4.852%Dec 26, 2025Yield to maturity4.829%Dec 31, 2025Yield to maturity4.856%Jan 6, 2026Yield to maturity4.875%Jan 9, 2026Yield to maturity4.829%Jan 14, 2026Yield to maturity4.804%Jan 20, 2026Yield to maturity4.926%Jan 23, 2026Yield to maturity4.839%Jan 28, 2026Yield to maturity4.871%Feb 2, 2026Yield to maturity4.918%Feb 5, 2026Yield to maturity4.867%Feb 10, 2026Yield to maturity4.796%Feb 13, 2026Yield to maturity4.709%Feb 19, 2026Yield to maturity4.719%Feb 24, 2026Yield to maturity4.713%Feb 27, 2026Yield to maturity4.648%Mar 4, 2026Yield to maturity4.736%Mar 9, 2026Yield to maturity4.742%Mar 12, 2026Yield to maturity4.904%Mar 17, 2026Yield to maturity4.868%Mar 20, 2026Yield to maturity4.984%Mar 25, 2026Yield to maturity4.917%Mar 30, 2026Yield to maturity4.930%Apr 2, 2026Yield to maturity4.906%Apr 7, 2026Yield to maturity4.926%Apr 10, 2026Yield to maturity4.932%Apr 15, 2026Yield to maturity4.911%Apr 20, 2026Yield to maturity4.898%Apr 23, 2026Yield to maturity4.941%Apr 28, 2026Yield to maturity4.961%May 1, 2026Yield to maturity4.989%May 6, 2026Yield to maturity4.961%May 11, 2026Yield to maturity5.005%May 14, 2026Yield to maturity5.045%May 19, 2026Yield to maturity5.205%May 22, 2026Yield to maturity5.092%May 28, 2026Yield to maturity5.010%Jun 2, 2026Yield to maturity4.988%Jun 5, 2026Yield to maturity5.034%Jun 10, 2026Yield to maturity5.054%Jun 15, 2026Yield to maturity4.992%Jun 18, 2026Yield to maturity4.927%Jun 24, 2026Yield to maturity4.882%Jun 29, 2026Yield to maturity4.880%Jul 2, 2026Yield to maturity5.008%Jul 8, 2026Yield to maturity5.088%Jul 13, 2026Yield to maturity5.126%Jul 16, 2026Yield to maturity5.117%Jul 21, 2026Yield to maturity5.156%Jul 24, 2026Yield to maturity5.186%Jul 29, 2026Yield to maturity5.229%Aug 3, 2026Yield to maturity5.257%Aug 6, 2026Yield to maturity5.241%Aug 11, 2026Yield to maturity5.269%Aug 14, 2026Yield to maturity5.286%Aug 19, 2026Yield to maturity5.221%Aug 24, 2026Yield to maturity5.258%Aug 27, 2026Yield to maturity5.217%Sep 1, 2026Yield to maturity5.294%Sep 4, 2026Yield to maturity5.268%Sep 10, 2026Yield to maturity5.396%Sep 15, 2026Yield to maturity5.391%Sep 18, 2026Yield to maturity5.363%Sep 23, 2026Yield to maturity5.428%Sep 28, 2026Yield to maturity5.590%Oct 1, 2026Yield to maturity5.644%Oct 6, 2026Yield to maturity5.677%Oct 9, 2026Yield to maturity5.637%Oct 15, 2026Yield to maturity5.460%Oct 20, 2026Yield to maturity5.453%Oct 23, 2026Yield to maturity5.355%Oct 28, 2026Yield to maturity5.401%Nov 2, 2026Yield to maturity5.313%Nov 5, 2026Yield to maturity5.280%Nov 9, 2026Yield to maturity5.297%

Price history

495 trading days to Nov 9, 2026

80859095100105Nov 15, 2024Nov 9, 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 21, 2025Close93.500Apr 24, 2025Close95.625Apr 29, 2025Close97.563May 2, 2025Close95.313May 7, 2025Close95.625May 12, 2025Close93.656May 15, 2025Close93.344May 20, 2025Close92.594May 23, 2025Close91.563May 29, 2025Close93.156Jun 3, 2025Close92.313Jun 6, 2025Close92.594Jun 11, 2025Close93.406Jun 16, 2025Close92.719Jun 20, 2025Close93.688Jun 25, 2025Close94.594Jun 30, 2025Close95.406Jul 3, 2025Close94.188Jul 9, 2025Close94.063Jul 14, 2025Close92.625Jul 17, 2025Close92.000Jul 22, 2025Close93.594Jul 25, 2025Close93.313Jul 30, 2025Close93.719Aug 4, 2025Close95.219Aug 7, 2025Close94.906Aug 12, 2025Close93.906Aug 15, 2025Close93.281Aug 20, 2025Close93.750Aug 25, 2025Close93.750Aug 28, 2025Close93.969Sep 3, 2025Close93.719Sep 8, 2025Close96.906Sep 11, 2025Close97.563Sep 16, 2025Close97.563Sep 19, 2025Close96.000Sep 24, 2025Close95.875Sep 29, 2025Close96.594Oct 2, 2025Close96.813Oct 7, 2025Close96.313Oct 10, 2025Close97.844Oct 16, 2025Close98.656Oct 21, 2025Close99.156Oct 24, 2025Close98.500Oct 29, 2025Close98.219Nov 3, 2025Close96.813Nov 6, 2025Close96.938Nov 12, 2025Close97.219Nov 17, 2025Close96.188Nov 20, 2025Close96.250Nov 25, 2025Close97.156Dec 1, 2025Close96.031Dec 4, 2025Close95.688Dec 9, 2025Close95.063Dec 12, 2025Close94.250Dec 17, 2025Close94.719Dec 22, 2025Close94.563Dec 26, 2025Close94.906Dec 31, 2025Close94.500Jan 6, 2026Close94.219Jan 9, 2026Close94.906Jan 14, 2026Close95.281Jan 20, 2026Close93.469Jan 23, 2026Close94.750Jan 28, 2026Close94.281Feb 2, 2026Close93.594Feb 5, 2026Close94.344Feb 10, 2026Close95.406Feb 13, 2026Close96.719Feb 19, 2026Close96.563Feb 24, 2026Close96.656Feb 27, 2026Close97.656Mar 4, 2026Close96.313Mar 9, 2026Close96.219Mar 12, 2026Close93.813Mar 17, 2026Close94.344Mar 20, 2026Close92.656Mar 25, 2026Close93.625Mar 30, 2026Close93.438Apr 2, 2026Close93.781Apr 7, 2026Close93.500Apr 10, 2026Close93.406Apr 15, 2026Close93.719Apr 20, 2026Close93.906Apr 23, 2026Close93.281Apr 28, 2026Close93.000May 1, 2026Close92.594May 6, 2026Close93.000May 11, 2026Close92.375May 14, 2026Close91.813May 19, 2026Close89.594May 22, 2026Close91.156May 28, 2026Close92.313Jun 2, 2026Close92.625Jun 5, 2026Close91.969Jun 10, 2026Close91.688Jun 15, 2026Close92.563Jun 18, 2026Close93.500Jun 24, 2026Close94.156Jun 29, 2026Close94.188Jul 2, 2026Close92.344Jul 8, 2026Close91.219Jul 13, 2026Close90.688Jul 16, 2026Close90.813Jul 21, 2026Close90.281Jul 24, 2026Close89.875Jul 29, 2026Close89.281Aug 3, 2026Close88.906Aug 6, 2026Close89.125Aug 11, 2026Close88.750Aug 14, 2026Close88.531Aug 19, 2026Close89.406Aug 24, 2026Close88.906Aug 27, 2026Close89.469Sep 1, 2026Close88.438Sep 4, 2026Close88.781Sep 10, 2026Close87.094Sep 15, 2026Close87.156Sep 18, 2026Close87.531Sep 23, 2026Close86.688Sep 28, 2026Close84.625Oct 1, 2026Close83.969Oct 6, 2026Close83.563Oct 9, 2026Close84.063Oct 15, 2026Close86.281Oct 20, 2026Close86.375Oct 23, 2026Close87.656Oct 28, 2026Close87.063Nov 2, 2026Close88.219Nov 5, 2026Close88.656Nov 9, 2026Close88.438
The most recent 20 trading days of prices for 912810UE6.
DateBidOfferClose
Nov 9, 202688.43888.46988.438
Nov 6, 202688.59488.60988.500
Nov 5, 202688.59488.62588.656
Nov 4, 202687.93887.95388.250
Nov 3, 202687.90687.93887.719
Nov 2, 202688.62588.64188.219
Oct 30, 202687.75087.78187.781
Oct 29, 202687.78187.81387.750
Oct 28, 202687.65687.67287.063
Oct 27, 202687.93887.96988.000
Oct 26, 202687.90687.92287.875
Oct 23, 202687.81387.82887.656
Oct 22, 202687.62587.64188.188
Oct 21, 202686.56386.57886.438
Oct 20, 202686.34486.37586.375
Oct 19, 202685.90685.93885.625
Oct 16, 202686.50086.53186.344
Oct 15, 202686.31386.34486.281
Oct 14, 202684.53184.54785.063
Oct 13, 202684.59484.60984.625

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 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.