Treasury note · Matured
912828C73 · 0.875% due April 15, 2017
- Original term
- 3-Year
- Maturity
- Apr 15, 2017
- Coupon
- 0.875%
- Pays
- Semi-Annual
- Dated
- Apr 15, 2014
- First coupon
- Oct 15, 2014
- Priced through
- Apr 13, 2017
- Analyzed through
- Apr 13, 2017
Risk, April 13, 2017
- Yield to maturity
- withheld
- Modified duration
- 0.003 yr
- DV01
- 0.0000
- Convexity
- 0.000
- Dirty price
- 100.435
Yield and duration are withheld this close to maturity, not missing. Inside a month a Treasury trades on settlement mechanics rather than on yield, and its price is a rounding of par, annualizing a two-day stub produces a number in the tens of percent that would be arithmetically correct and completely misleading. The price, the residual and the key rate durations below are unaffected.
Where its rate sensitivity sits
Against the fitted curve
Priced 0.01 cents per 100 of face rich to the curve on that day.
Shown as a price rather than a yield. This security was close enough to maturity that annualizing is meaningless, the same reason it carries no yield to maturity above, and the same difference quoted in basis points would read as an enormous mispricing rather than the few cents it is.
Yield to maturity, 749 observations
Price history
749 trading days to Apr 13, 2017
| Date | Bid | Offer | Close |
|---|---|---|---|
| Apr 13, 2017 | – | 100.000 | 100.000 |
| Apr 12, 2017 | – | 100.000 | 100.000 |
| Apr 11, 2017 | – | 100.000 | 100.000 |
| Apr 10, 2017 | – | 100.000 | 100.000 |
| Apr 7, 2017 | – | 99.969 | 100.000 |
| Apr 6, 2017 | – | 100.000 | 99.938 |
| Apr 5, 2017 | – | 99.969 | 99.969 |
| Apr 4, 2017 | – | 100.026 | 100.026 |
| Apr 3, 2017 | – | 100.000 | 100.000 |
| Mar 31, 2017 | – | 100.000 | 100.000 |
| Mar 30, 2017 | – | 100.000 | 100.000 |
| Mar 29, 2017 | – | 99.969 | 100.000 |
| Mar 28, 2017 | – | 99.969 | 100.000 |
| Mar 27, 2017 | – | 100.000 | 99.969 |
| Mar 24, 2017 | – | 100.000 | 99.969 |
| Mar 23, 2017 | – | 100.000 | 100.000 |
| Mar 22, 2017 | – | 100.031 | 100.031 |
| Mar 21, 2017 | – | 100.000 | 100.000 |
| Mar 20, 2017 | – | 99.969 | 100.000 |
| Mar 17, 2017 | – | 100.000 | 99.969 |
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.
Auction
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 date | Issued | Type | Offered | Accepted | Bid to cover | High yield |
|---|---|---|---|---|---|---|
| Apr 8, 2014 | Apr 15, 2014 | New issue | $30.0bn | $30.0bn | 3.36x | 0.895% |