Treasury note

9128286B1 · 2.625% due February 15, 2029

Original term
10-Year
Maturity
Feb 15, 2029
Coupon
2.625%
Pays
Semi-Annual
Dated
Feb 15, 2019
First coupon
Aug 15, 2019
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$80.70bn
Held stripped
$15.6m
Share stripped
0.02%

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
4.843%
Modified duration
2.199 yr
DV01
0.0210
Convexity
0.06
Dirty price
95.665

Where its rate sensitivity sits

<.01
0.01
0.02
1.52
0.70
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 5 of twelve buckets, summing to 2.254 years against a modified duration of 2.199.

Against the fitted curve

Priced 0.3 bp rich to the curve on that day, 0.70 cents per 100 of face.

That is 0.12 standard deviations from its own typical residual.

Yield to maturity, 1,922 observations

0%1%2%3%4%5%6%Feb 15, 2019Oct 20, 2026Feb 15, 2019Yield to maturity2.664%Mar 1, 2019Yield to maturity2.759%Mar 14, 2019Yield to maturity2.628%Mar 27, 2019Yield to maturity2.382%Apr 9, 2019Yield to maturity2.502%Apr 23, 2019Yield to maturity2.570%May 6, 2019Yield to maturity2.502%May 17, 2019Yield to maturity2.390%May 31, 2019Yield to maturity2.141%Jun 13, 2019Yield to maturity2.094%Jun 26, 2019Yield to maturity2.050%Jul 10, 2019Yield to maturity2.055%Jul 23, 2019Yield to maturity2.068%Aug 5, 2019Yield to maturity1.735%Aug 16, 2019Yield to maturity1.541%Aug 29, 2019Yield to maturity1.505%Sep 12, 2019Yield to maturity1.785%Sep 25, 2019Yield to maturity1.723%Oct 8, 2019Yield to maturity1.524%Oct 22, 2019Yield to maturity1.759%Nov 4, 2019Yield to maturity1.770%Nov 18, 2019Yield to maturity1.803%Dec 2, 2019Yield to maturity1.828%Dec 13, 2019Yield to maturity1.818%Dec 27, 2019Yield to maturity1.866%Jan 10, 2020Yield to maturity1.805%Jan 24, 2020Yield to maturity1.673%Feb 6, 2020Yield to maturity1.616%Feb 20, 2020Yield to maturity1.505%Mar 4, 2020Yield to maturity0.997%Mar 17, 2020Yield to maturity1.073%Mar 30, 2020Yield to maturity0.687%Apr 13, 2020Yield to maturity0.720%Apr 24, 2020Yield to maturity0.566%May 7, 2020Yield to maturity0.580%May 20, 2020Yield to maturity0.619%Jun 3, 2020Yield to maturity0.693%Jun 16, 2020Yield to maturity0.665%Jun 29, 2020Yield to maturity0.559%Jul 13, 2020Yield to maturity0.568%Jul 24, 2020Yield to maturity0.523%Aug 6, 2020Yield to maturity0.468%Aug 19, 2020Yield to maturity0.580%Sep 1, 2020Yield to maturity0.569%Sep 15, 2020Yield to maturity0.561%Sep 28, 2020Yield to maturity0.546%Oct 9, 2020Yield to maturity0.654%Oct 23, 2020Yield to maturity0.715%Nov 5, 2020Yield to maturity0.658%Nov 19, 2020Yield to maturity0.726%Dec 3, 2020Yield to maturity0.780%Dec 16, 2020Yield to maturity0.758%Dec 30, 2020Yield to maturity0.758%Jan 13, 2021Yield to maturity0.910%Jan 27, 2021Yield to maturity0.835%Feb 9, 2021Yield to maturity0.952%Feb 23, 2021Yield to maturity1.122%Mar 8, 2021Yield to maturity1.390%Mar 19, 2021Yield to maturity1.505%Apr 1, 2021Yield to maturity1.473%Apr 14, 2021Yield to maturity1.416%Apr 27, 2021Yield to maturity1.407%May 10, 2021Yield to maturity1.369%May 21, 2021Yield to maturity1.389%Jun 4, 2021Yield to maturity1.326%Jun 17, 2021Yield to maturity1.340%Jun 30, 2021Yield to maturity1.279%Jul 14, 2021Yield to maturity1.170%Jul 27, 2021Yield to maturity1.058%Aug 9, 2021Yield to maturity1.133%Aug 20, 2021Yield to maturity1.093%Sep 2, 2021Yield to maturity1.100%Sep 16, 2021Yield to maturity1.156%Sep 29, 2021Yield to maturity1.360%Oct 13, 2021Yield to maturity1.393%Oct 26, 2021Yield to maturity1.470%Nov 8, 2021Yield to maturity1.378%Nov 22, 2021Yield to maturity1.551%Dec 6, 2021Yield to maturity1.366%Dec 17, 2021Yield to maturity1.325%Dec 31, 2021Yield to maturity1.420%Jan 13, 2022Yield to maturity1.622%Jan 27, 2022Yield to maturity1.773%Feb 9, 2022Yield to maturity1.912%Feb 23, 2022Yield to maturity1.975%Mar 8, 2022Yield to maturity1.854%Mar 21, 2022Yield to maturity2.373%Apr 1, 2022Yield to maturity2.510%Apr 14, 2022Yield to maturity2.847%Apr 28, 2022Yield to maturity2.900%May 11, 2022Yield to maturity2.953%May 24, 2022Yield to maturity2.809%Jun 7, 2022Yield to maturity3.025%Jun 21, 2022Yield to maturity3.402%Jul 5, 2022Yield to maturity2.870%Jul 18, 2022Yield to maturity3.069%Jul 29, 2022Yield to maturity2.719%Aug 11, 2022Yield to maturity2.971%Aug 24, 2022Yield to maturity3.239%Sep 7, 2022Yield to maturity3.404%Sep 20, 2022Yield to maturity3.749%Oct 3, 2022Yield to maturity3.888%Oct 17, 2022Yield to maturity4.251%Oct 28, 2022Yield to maturity4.205%Nov 10, 2022Yield to maturity3.974%Nov 25, 2022Yield to maturity3.862%Dec 8, 2022Yield to maturity3.708%Dec 21, 2022Yield to maturity3.815%Jan 5, 2023Yield to maturity3.882%Jan 19, 2023Yield to maturity3.482%Feb 1, 2023Yield to maturity3.493%Feb 14, 2023Yield to maturity3.977%Feb 28, 2023Yield to maturity4.154%Mar 13, 2023Yield to maturity3.709%Mar 24, 2023Yield to maturity3.476%Apr 6, 2023Yield to maturity3.401%Apr 19, 2023Yield to maturity3.732%May 2, 2023Yield to maturity3.496%May 15, 2023Yield to maturity3.526%May 26, 2023Yield to maturity3.969%Jun 9, 2023Yield to maturity3.945%Jun 23, 2023Yield to maturity3.992%Jul 7, 2023Yield to maturity4.338%Jul 20, 2023Yield to maturity4.081%Aug 2, 2023Yield to maturity4.250%Aug 15, 2023Yield to maturity4.382%Aug 28, 2023Yield to maturity4.406%Sep 11, 2023Yield to maturity4.445%Sep 22, 2023Yield to maturity4.602%Oct 5, 2023Yield to maturity4.739%Oct 19, 2023Yield to maturity5.005%Nov 1, 2023Yield to maturity4.738%Nov 14, 2023Yield to maturity4.472%Nov 28, 2023Yield to maturity4.371%Dec 11, 2023Yield to maturity4.311%Dec 22, 2023Yield to maturity3.925%Jan 8, 2024Yield to maturity4.005%Jan 22, 2024Yield to maturity4.044%Feb 2, 2024Yield to maturity4.017%Feb 15, 2024Yield to maturity4.243%Feb 29, 2024Yield to maturity4.292%Mar 13, 2024Yield to maturity4.221%Mar 26, 2024Yield to maturity4.262%Apr 8, 2024Yield to maturity4.462%Apr 19, 2024Yield to maturity4.697%May 2, 2024Yield to maturity4.609%May 15, 2024Yield to maturity4.383%May 29, 2024Yield to maturity4.678%Jun 11, 2024Yield to maturity4.448%Jun 25, 2024Yield to maturity4.306%Jul 9, 2024Yield to maturity4.288%Jul 22, 2024Yield to maturity4.213%Aug 2, 2024Yield to maturity3.644%Aug 15, 2024Yield to maturity3.823%Aug 28, 2024Yield to maturity3.697%Sep 11, 2024Yield to maturity3.470%Sep 24, 2024Yield to maturity3.492%Oct 7, 2024Yield to maturity3.892%Oct 21, 2024Yield to maturity3.993%Nov 1, 2024Yield to maturity4.228%Nov 15, 2024Yield to maturity4.317%Nov 29, 2024Yield to maturity4.094%Dec 12, 2024Yield to maturity4.198%Dec 26, 2024Yield to maturity4.428%Jan 9, 2025Yield to maturity4.436%Jan 23, 2025Yield to maturity4.434%Feb 5, 2025Yield to maturity4.245%Feb 19, 2025Yield to maturity4.359%Mar 4, 2025Yield to maturity3.997%Mar 17, 2025Yield to maturity4.090%Mar 28, 2025Yield to maturity3.948%Apr 10, 2025Yield to maturity3.977%Apr 23, 2025Yield to maturity3.952%May 6, 2025Yield to maturity3.835%May 19, 2025Yield to maturity4.004%Jun 2, 2025Yield to maturity3.961%Jun 13, 2025Yield to maturity3.964%Jun 27, 2025Yield to maturity3.768%Jul 11, 2025Yield to maturity3.915%Jul 24, 2025Yield to maturity3.906%Aug 6, 2025Yield to maturity3.684%Aug 19, 2025Yield to maturity3.744%Sep 2, 2025Yield to maturity3.656%Sep 15, 2025Yield to maturity3.526%Sep 26, 2025Yield to maturity3.686%Oct 9, 2025Yield to maturity3.644%Oct 23, 2025Yield to maturity3.511%Nov 5, 2025Yield to maturity3.676%Nov 19, 2025Yield to maturity3.615%Dec 3, 2025Yield to maturity3.520%Dec 16, 2025Yield to maturity3.551%Dec 30, 2025Yield to maturity3.540%Jan 13, 2026Yield to maturity3.606%Jan 27, 2026Yield to maturity3.651%Feb 9, 2026Yield to maturity3.574%Feb 23, 2026Yield to maturity3.449%Mar 6, 2026Yield to maturity3.596%Mar 19, 2026Yield to maturity3.804%Apr 1, 2026Yield to maturity3.853%Apr 14, 2026Yield to maturity3.772%Apr 27, 2026Yield to maturity3.835%May 8, 2026Yield to maturity3.924%May 21, 2026Yield to maturity4.137%Jun 4, 2026Yield to maturity4.107%Jun 17, 2026Yield to maturity4.242%Jul 1, 2026Yield to maturity4.200%Jul 15, 2026Yield to maturity4.171%Jul 28, 2026Yield to maturity4.313%Aug 10, 2026Yield to maturity4.309%Aug 21, 2026Yield to maturity4.291%Sep 3, 2026Yield to maturity4.395%Sep 17, 2026Yield to maturity4.735%Sep 30, 2026Yield to maturity4.954%Oct 14, 2026Yield to maturity4.873%Oct 20, 2026Yield to maturity4.843%

Price history

1,922 trading days to Oct 20, 2026

859095100105110115120Feb 15, 2019Oct 20, 2026Feb 15, 2019Close99.656Mar 1, 2019Close98.844Mar 14, 2019Close99.969Mar 27, 2019Close102.125Apr 9, 2019Close101.063Apr 23, 2019Close100.469May 6, 2019Close101.063May 17, 2019Close102.031May 31, 2019Close104.219Jun 13, 2019Close104.625Jun 26, 2019Close105.000Jul 10, 2019Close104.938Jul 23, 2019Close104.813Aug 5, 2019Close107.781Aug 16, 2019Close109.531Aug 29, 2019Close109.844Sep 12, 2019Close107.250Sep 25, 2019Close107.781Oct 8, 2019Close109.563Oct 22, 2019Close107.406Nov 4, 2019Close107.281Nov 18, 2019Close106.969Dec 2, 2019Close106.719Dec 13, 2019Close106.781Dec 27, 2019Close106.344Jan 10, 2020Close106.844Jan 24, 2020Close107.969Feb 6, 2020Close108.438Feb 20, 2020Close109.375Mar 4, 2020Close113.906Mar 17, 2020Close113.156Mar 30, 2020Close116.656Apr 13, 2020Close116.281Apr 24, 2020Close117.656May 7, 2020Close117.469May 20, 2020Close117.031Jun 3, 2020Close116.281Jun 16, 2020Close116.469Jun 29, 2020Close117.375Jul 13, 2020Close117.219Jul 24, 2020Close117.563Aug 6, 2020Close118.000Aug 19, 2020Close116.906Sep 1, 2020Close116.938Sep 15, 2020Close116.938Sep 28, 2020Close117.000Oct 9, 2020Close115.969Oct 23, 2020Close115.375Nov 5, 2020Close115.813Nov 19, 2020Close115.156Dec 3, 2020Close114.625Dec 16, 2020Close114.750Dec 30, 2020Close114.688Jan 13, 2021Close113.344Jan 27, 2021Close113.906Feb 9, 2021Close112.875Feb 23, 2021Close111.438Mar 8, 2021Close109.250Mar 19, 2021Close108.313Apr 1, 2021Close108.531Apr 14, 2021Close108.938Apr 27, 2021Close108.969May 10, 2021Close109.219May 21, 2021Close109.031Jun 4, 2021Close109.469Jun 17, 2021Close109.313Jun 30, 2021Close109.750Jul 14, 2021Close110.531Jul 27, 2021Close111.344Aug 9, 2021Close110.719Aug 20, 2021Close110.969Sep 2, 2021Close110.875Sep 16, 2021Close110.406Sep 29, 2021Close108.844Oct 13, 2021Close108.563Oct 26, 2021Close107.969Nov 8, 2021Close108.594Nov 22, 2021Close107.313Dec 6, 2021Close108.594Dec 17, 2021Close108.844Dec 31, 2021Close108.125Jan 13, 2022Close106.688Jan 27, 2022Close105.625Feb 9, 2022Close104.656Feb 23, 2022Close104.219Mar 8, 2022Close105.000Mar 21, 2022Close101.594Apr 1, 2022Close100.719Apr 14, 2022Close98.625Apr 28, 2022Close98.313May 11, 2022Close98.000May 24, 2022Close98.875Jun 7, 2022Close97.594Jun 21, 2022Close95.406Jul 5, 2022Close98.531Jul 18, 2022Close97.375Jul 29, 2022Close99.438Aug 11, 2022Close97.969Aug 24, 2022Close96.438Sep 7, 2022Close95.531Sep 20, 2022Close93.656Oct 3, 2022Close92.938Oct 17, 2022Close91.063Oct 28, 2022Close91.344Nov 10, 2022Close92.594Nov 25, 2022Close93.219Dec 8, 2022Close94.063Dec 21, 2022Close93.531Jan 5, 2023Close93.219Jan 19, 2023Close95.344Feb 1, 2023Close95.313Feb 14, 2023Close92.844Feb 28, 2023Close92.000Mar 13, 2023Close94.281Mar 24, 2023Close95.500Apr 6, 2023Close95.906Apr 19, 2023Close94.250May 2, 2023Close95.469May 15, 2023Close95.344May 26, 2023Close93.188Jun 9, 2023Close93.344Jun 23, 2023Close93.156Jul 7, 2023Close91.563Jul 20, 2023Close92.813Aug 2, 2023Close92.063Aug 15, 2023Close91.500Aug 28, 2023Close91.438Sep 11, 2023Close91.313Sep 22, 2023Close90.656Oct 5, 2023Close90.094Oct 19, 2023Close89.000Nov 1, 2023Close90.219Nov 14, 2023Close91.438Nov 28, 2023Close91.938Dec 11, 2023Close92.250Dec 22, 2023Close94.000Jan 8, 2024Close93.688Jan 22, 2024Close93.563Feb 2, 2024Close93.719Feb 15, 2024Close92.781Feb 29, 2024Close92.625Mar 13, 2024Close92.969Mar 26, 2024Close92.844Apr 8, 2024Close92.063Apr 19, 2024Close91.156May 2, 2024Close91.563May 15, 2024Close92.531May 29, 2024Close91.406Jun 11, 2024Close92.375Jun 25, 2024Close93.000Jul 9, 2024Close93.125Jul 22, 2024Close93.469Aug 2, 2024Close95.781Aug 15, 2024Close95.094Aug 28, 2024Close95.625Sep 11, 2024Close96.563Sep 24, 2024Close96.500Oct 7, 2024Close94.969Oct 21, 2024Close94.625Nov 1, 2024Close93.781Nov 15, 2024Close93.500Nov 29, 2024Close94.375Dec 12, 2024Close94.031Dec 26, 2024Close93.250Jan 9, 2025Close93.281Jan 23, 2025Close93.344Feb 5, 2025Close94.063Feb 19, 2025Close93.719Mar 4, 2025Close95.031Mar 17, 2025Close94.750Mar 28, 2025Close95.281Apr 10, 2025Close95.219Apr 23, 2025Close95.344May 6, 2025Close95.781May 19, 2025Close95.250Jun 2, 2025Close95.438Jun 13, 2025Close95.469Jun 27, 2025Close96.156Jul 11, 2025Close95.719Jul 24, 2025Close95.781Aug 6, 2025Close96.531Aug 19, 2025Close96.375Sep 2, 2025Close96.688Sep 15, 2025Close97.125Sep 26, 2025Close96.656Oct 9, 2025Close96.813Oct 23, 2025Close97.250Nov 5, 2025Close96.781Nov 19, 2025Close97.000Dec 3, 2025Close97.313Dec 16, 2025Close97.250Dec 30, 2025Close97.313Jan 13, 2026Close97.156Jan 27, 2026Close97.063Feb 9, 2026Close97.313Feb 23, 2026Close97.688Mar 6, 2026Close97.313Mar 19, 2026Close96.781Apr 1, 2026Close96.688Apr 14, 2026Close96.938Apr 27, 2026Close96.813May 8, 2026Close96.625May 21, 2026Close96.125Jun 4, 2026Close96.250Jun 17, 2026Close95.969Jul 1, 2026Close96.125Jul 15, 2026Close96.250Jul 28, 2026Close95.969Aug 10, 2026Close96.031Aug 21, 2026Close96.125Sep 3, 2026Close95.938Sep 17, 2026Close95.250Sep 30, 2026Close94.844Oct 14, 2026Close95.094Oct 20, 2026Close95.188
The most recent 20 trading days of prices for 9128286B1.
DateBidOfferClose
Oct 20, 202695.26695.25095.188
Oct 19, 202695.25095.21995.219
Oct 16, 202695.32895.31395.281
Oct 15, 202695.21995.18895.219
Oct 14, 202695.00094.96995.094
Oct 13, 202695.10995.09495.125
Oct 9, 202695.09495.06395.094
Oct 8, 202695.04795.03195.156
Oct 7, 202695.09495.06395.125
Oct 6, 202695.10995.09495.063
Oct 5, 202694.96994.93894.969
Oct 2, 202695.03195.00094.969
Oct 1, 202695.03195.00095.063
Sep 30, 202694.90694.87594.844
Sep 29, 202694.75094.71994.844
Sep 28, 202694.76694.75094.781
Sep 25, 202694.87594.84494.938
Sep 24, 202694.82894.81394.781
Sep 23, 202694.90694.87594.813
Sep 22, 202695.14195.12595.125

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 9128286B1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 6, 2019Feb 15, 2019New issue$27.0bn$33.5bn2.35x2.689%
Mar 12, 2019Mar 15, 2019Reopening$24.0bn$24.0bn2.59x2.615%
Apr 10, 2019Apr 15, 2019Reopening$24.0bn$24.0bn2.55x2.466%

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.