An inflation-linked security prices off a real curve, so its yield is a real yield, a return above inflation rather than in cash terms, and its principal is indexed. The figures below are in REAL terms unless labeled otherwise.
Real yield
withheld
Index ratio
1.0759
Real duration
0.008 yr
DV01
0.0001
Convexity
0.000
Real clean price
100.000
Accrued (real)
0.061
Real dirty price
100.061
Indexed principal
107.589
Money clean price
107.589
The index ratio is a multiplier, not a percentage: 1.0759 means the principal is worth that many times its original face today. So the real clean price of 100.000 is not what a buyer pays , multiply by the ratio to get 107.589 per 100 of original face.
Against the fitted real curve
Priced 0.31 cents per 100 of face rich to the real curve on that day.
Shown as a price rather than a yield. Less than a month of this security's life remained, and annualizing a stub that short is arithmetic rather than information, the same reason its real yield is withheld above.
Real yield, 1,237 observations
Price history
1,238 trading days to Apr 12, 2019
The most recent 20 trading days of prices for 912828C99.
Date
Bid
Offer
Close
Apr 12, 2019
–
100.000
100.000
Apr 11, 2019
–
100.000
100.000
Apr 10, 2019
–
100.031
100.031
Apr 9, 2019
–
100.000
100.000
Apr 8, 2019
–
100.000
100.000
Apr 5, 2019
–
99.969
100.031
Apr 4, 2019
–
100.031
100.031
Apr 3, 2019
–
100.063
100.000
Apr 2, 2019
–
100.063
100.063
Apr 1, 2019
–
100.063
100.063
Mar 29, 2019
–
100.063
100.063
Mar 28, 2019
–
100.063
100.063
Mar 27, 2019
–
100.063
100.000
Mar 26, 2019
–
100.031
100.063
Mar 25, 2019
–
100.063
100.063
Mar 22, 2019
–
100.063
100.063
Mar 21, 2019
–
100.094
100.063
Mar 20, 2019
–
100.094
100.094
Mar 19, 2019
–
100.094
100.094
Mar 18, 2019
–
100.094
100.094
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.
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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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.