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
1.1889
Real duration
0.003 yr
DV01
0.0000
Convexity
0.000
Real clean price
100.000
Accrued (real)
0.311
Real dirty price
100.311
Indexed principal
118.887
Money clean price
118.887
The index ratio is a multiplier, not a percentage: 1.1889 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 118.887 per 100 of original face.
Against the fitted real curve
Priced 1.13 cents per 100 of face cheap 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, 2,488 observations
Price history
2,489 trading days to Jul 14, 2021
The most recent 20 trading days of prices for 912828QV5.
Date
Bid
Offer
Close
Jul 14, 2021
–
100.000
100.000
Jul 13, 2021
–
99.969
100.000
Jul 12, 2021
–
100.031
100.031
Jul 9, 2021
–
100.063
100.063
Jul 8, 2021
–
100.125
100.125
Jul 7, 2021
–
100.156
100.219
Jul 6, 2021
–
100.313
100.313
Jul 2, 2021
–
100.219
100.219
Jul 1, 2021
–
100.313
100.313
Jun 30, 2021
–
100.344
100.406
Jun 29, 2021
–
100.375
100.406
Jun 28, 2021
–
100.406
100.438
Jun 25, 2021
–
100.438
100.438
Jun 24, 2021
–
100.531
100.531
Jun 23, 2021
–
100.563
100.531
Jun 22, 2021
–
100.594
100.594
Jun 21, 2021
–
100.688
100.625
Jun 18, 2021
–
100.656
100.656
Jun 17, 2021
–
100.719
100.750
Jun 16, 2021
–
100.781
100.750
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.
Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.
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.