Treasury note

912828YB0 · 1.625% due August 15, 2029

Original term
10-Year
Maturity
Aug 15, 2029
Coupon
1.625%
Pays
Semi-Annual
Dated
Aug 15, 2019
First coupon
Feb 15, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$92.62bn
Held stripped
$52.6m
Share stripped
0.06%

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
4.594%
Modified duration
2.640 yr
DV01
0.0245
Convexity
0.0837
Dirty price
92.759

Where its rate sensitivity sits

<.01
<.01
0.01
0.66
2.02
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 2.699 years against a modified duration of 2.640.

Against the fitted curve

Priced 3.1 bp rich to the curve on that day, 7.61 cents per 100 of face.

That is -0.42 standard deviations from its own typical residual.

Yield to maturity, 1,809 observations

0%1%2%3%4%5%Aug 15, 2019Nov 9, 2026Aug 15, 2019Yield to maturity1.524%Aug 27, 2019Yield to maturity1.486%Sep 9, 2019Yield to maturity1.628%Sep 19, 2019Yield to maturity1.784%Oct 1, 2019Yield to maturity1.649%Oct 11, 2019Yield to maturity1.757%Oct 24, 2019Yield to maturity1.768%Nov 5, 2019Yield to maturity1.857%Nov 18, 2019Yield to maturity1.818%Nov 29, 2019Yield to maturity1.790%Dec 11, 2019Yield to maturity1.798%Dec 23, 2019Yield to maturity1.928%Jan 6, 2020Yield to maturity1.803%Jan 16, 2020Yield to maturity1.803%Jan 29, 2020Yield to maturity1.586%Feb 10, 2020Yield to maturity1.551%Feb 21, 2020Yield to maturity1.455%Mar 4, 2020Yield to maturity1.013%Mar 16, 2020Yield to maturity0.770%Mar 26, 2020Yield to maturity0.828%Apr 7, 2020Yield to maturity0.722%Apr 20, 2020Yield to maturity0.596%Apr 30, 2020Yield to maturity0.616%May 12, 2020Yield to maturity0.653%May 22, 2020Yield to maturity0.623%Jun 4, 2020Yield to maturity0.761%Jun 16, 2020Yield to maturity0.694%Jun 26, 2020Yield to maturity0.586%Jul 9, 2020Yield to maturity0.563%Jul 21, 2020Yield to maturity0.556%Jul 31, 2020Yield to maturity0.492%Aug 12, 2020Yield to maturity0.621%Aug 24, 2020Yield to maturity0.580%Sep 3, 2020Yield to maturity0.550%Sep 16, 2020Yield to maturity0.604%Sep 28, 2020Yield to maturity0.576%Oct 8, 2020Yield to maturity0.674%Oct 21, 2020Yield to maturity0.730%Nov 2, 2020Yield to maturity0.766%Nov 13, 2020Yield to maturity0.784%Nov 25, 2020Yield to maturity0.782%Dec 8, 2020Yield to maturity0.807%Dec 18, 2020Yield to maturity0.823%Dec 31, 2020Yield to maturity0.790%Jan 13, 2021Yield to maturity0.956%Jan 26, 2021Yield to maturity0.898%Feb 5, 2021Yield to maturity1.018%Feb 18, 2021Yield to maturity1.122%Mar 2, 2021Yield to maturity1.262%Mar 12, 2021Yield to maturity1.471%Mar 24, 2021Yield to maturity1.446%Apr 5, 2021Yield to maturity1.565%Apr 15, 2021Yield to maturity1.394%Apr 27, 2021Yield to maturity1.464%May 7, 2021Yield to maturity1.412%May 19, 2021Yield to maturity1.495%Jun 1, 2021Yield to maturity1.439%Jun 11, 2021Yield to maturity1.297%Jun 23, 2021Yield to maturity1.361%Jul 6, 2021Yield to maturity1.231%Jul 16, 2021Yield to maturity1.165%Jul 28, 2021Yield to maturity1.104%Aug 9, 2021Yield to maturity1.174%Aug 19, 2021Yield to maturity1.108%Aug 31, 2021Yield to maturity1.151%Sep 13, 2021Yield to maturity1.177%Sep 23, 2021Yield to maturity1.278%Oct 5, 2021Yield to maturity1.381%Oct 18, 2021Yield to maturity1.459%Oct 28, 2021Yield to maturity1.463%Nov 9, 2021Yield to maturity1.327%Nov 22, 2021Yield to maturity1.543%Dec 3, 2021Yield to maturity1.278%Dec 15, 2021Yield to maturity1.401%Dec 28, 2021Yield to maturity1.395%Jan 7, 2022Yield to maturity1.678%Jan 20, 2022Yield to maturity1.767%Feb 1, 2022Yield to maturity1.754%Feb 11, 2022Yield to maturity1.908%Feb 24, 2022Yield to maturity1.918%Mar 8, 2022Yield to maturity1.823%Mar 18, 2022Yield to maturity2.148%Mar 30, 2022Yield to maturity2.406%Apr 11, 2022Yield to maturity2.804%Apr 22, 2022Yield to maturity2.925%May 4, 2022Yield to maturity2.945%May 16, 2022Yield to maturity2.859%May 26, 2022Yield to maturity2.728%Jun 8, 2022Yield to maturity3.033%Jun 21, 2022Yield to maturity3.358%Jul 1, 2022Yield to maturity2.892%Jul 14, 2022Yield to maturity3.015%Jul 26, 2022Yield to maturity2.846%Aug 5, 2022Yield to maturity2.861%Aug 17, 2022Yield to maturity2.913%Aug 29, 2022Yield to maturity3.177%Sep 9, 2022Yield to maturity3.395%Sep 21, 2022Yield to maturity3.617%Oct 3, 2022Yield to maturity3.777%Oct 14, 2022Yield to maturity4.143%Oct 26, 2022Yield to maturity4.100%Nov 7, 2022Yield to maturity4.293%Nov 18, 2022Yield to maturity3.891%Dec 1, 2022Yield to maturity3.574%Dec 13, 2022Yield to maturity3.555%Dec 23, 2022Yield to maturity3.777%Jan 6, 2023Yield to maturity3.580%Jan 19, 2023Yield to maturity3.394%Jan 31, 2023Yield to maturity3.541%Feb 10, 2023Yield to maturity3.807%Feb 23, 2023Yield to maturity3.995%Mar 7, 2023Yield to maturity4.140%Mar 17, 2023Yield to maturity3.437%Mar 29, 2023Yield to maturity3.632%Apr 10, 2023Yield to maturity3.459%Apr 20, 2023Yield to maturity3.585%May 2, 2023Yield to maturity3.435%May 12, 2023Yield to maturity3.444%May 24, 2023Yield to maturity3.753%Jun 6, 2023Yield to maturity3.795%Jun 16, 2023Yield to maturity3.906%Jun 29, 2023Yield to maturity4.029%Jul 12, 2023Yield to maturity3.992%Jul 24, 2023Yield to maturity4.017%Aug 3, 2023Yield to maturity4.265%Aug 15, 2023Yield to maturity4.311%Aug 25, 2023Yield to maturity4.377%Sep 7, 2023Yield to maturity4.344%Sep 19, 2023Yield to maturity4.478%Sep 29, 2023Yield to maturity4.607%Oct 12, 2023Yield to maturity4.696%Oct 24, 2023Yield to maturity4.830%Nov 3, 2023Yield to maturity4.504%Nov 15, 2023Yield to maturity4.517%Nov 28, 2023Yield to maturity4.303%Dec 8, 2023Yield to maturity4.223%Dec 20, 2023Yield to maturity3.839%Jan 3, 2024Yield to maturity3.860%Jan 16, 2024Yield to maturity3.928%Jan 26, 2024Yield to maturity4.029%Feb 7, 2024Yield to maturity4.027%Feb 20, 2024Yield to maturity4.215%Mar 1, 2024Yield to maturity4.146%Mar 13, 2024Yield to maturity4.158%Mar 25, 2024Yield to maturity4.208%Apr 5, 2024Yield to maturity4.353%Apr 17, 2024Yield to maturity4.598%Apr 29, 2024Yield to maturity4.645%May 9, 2024Yield to maturity4.462%May 21, 2024Yield to maturity4.428%Jun 3, 2024Yield to maturity4.424%Jun 13, 2024Yield to maturity4.240%Jun 26, 2024Yield to maturity4.347%Jul 9, 2024Yield to maturity4.261%Jul 19, 2024Yield to maturity4.181%Jul 31, 2024Yield to maturity3.973%Aug 12, 2024Yield to maturity3.752%Aug 22, 2024Yield to maturity3.719%Sep 4, 2024Yield to maturity3.564%Sep 16, 2024Yield to maturity3.408%Sep 26, 2024Yield to maturity3.550%Oct 8, 2024Yield to maturity3.855%Oct 21, 2024Yield to maturity3.962%Oct 31, 2024Yield to maturity4.129%Nov 13, 2024Yield to maturity4.280%Nov 25, 2024Yield to maturity4.156%Dec 6, 2024Yield to maturity4.025%Dec 18, 2024Yield to maturity4.373%Dec 31, 2024Yield to maturity4.330%Jan 13, 2025Yield to maturity4.561%Jan 24, 2025Yield to maturity4.394%Feb 5, 2025Yield to maturity4.213%Feb 18, 2025Yield to maturity4.365%Feb 28, 2025Yield to maturity4.005%Mar 12, 2025Yield to maturity4.052%Mar 24, 2025Yield to maturity4.062%Apr 3, 2025Yield to maturity3.695%Apr 15, 2025Yield to maturity3.910%Apr 28, 2025Yield to maturity3.736%May 8, 2025Yield to maturity3.934%May 20, 2025Yield to maturity3.995%Jun 2, 2025Yield to maturity3.946%Jun 12, 2025Yield to maturity3.891%Jun 25, 2025Yield to maturity3.763%Jul 8, 2025Yield to maturity3.913%Jul 18, 2025Yield to maturity3.878%Jul 30, 2025Yield to maturity3.884%Aug 11, 2025Yield to maturity3.724%Aug 21, 2025Yield to maturity3.747%Sep 3, 2025Yield to maturity3.595%Sep 15, 2025Yield to maturity3.512%Sep 25, 2025Yield to maturity3.670%Oct 7, 2025Yield to maturity3.613%Oct 20, 2025Yield to maturity3.484%Oct 30, 2025Yield to maturity3.626%Nov 12, 2025Yield to maturity3.570%Nov 24, 2025Yield to maturity3.502%Dec 5, 2025Yield to maturity3.605%Dec 17, 2025Yield to maturity3.571%Dec 30, 2025Yield to maturity3.561%Jan 12, 2026Yield to maturity3.638%Jan 23, 2026Yield to maturity3.707%Feb 4, 2026Yield to maturity3.693%Feb 17, 2026Yield to maturity3.504%Feb 27, 2026Yield to maturity3.411%Mar 11, 2026Yield to maturity3.658%Mar 23, 2026Yield to maturity3.863%Apr 2, 2026Yield to maturity3.828%Apr 14, 2026Yield to maturity3.766%Apr 24, 2026Yield to maturity3.808%May 6, 2026Yield to maturity3.901%May 18, 2026Yield to maturity4.162%May 29, 2026Yield to maturity4.058%Jun 10, 2026Yield to maturity4.190%Jun 23, 2026Yield to maturity4.207%Jul 6, 2026Yield to maturity4.134%Jul 16, 2026Yield to maturity4.191%Jul 28, 2026Yield to maturity4.299%Aug 7, 2026Yield to maturity4.247%Aug 19, 2026Yield to maturity4.235%Aug 31, 2026Yield to maturity4.394%Sep 11, 2026Yield to maturity4.694%Sep 23, 2026Yield to maturity4.945%Oct 5, 2026Yield to maturity4.932%Oct 16, 2026Yield to maturity4.795%Oct 28, 2026Yield to maturity4.775%Nov 9, 2026Yield to maturity4.594%

Price history

1,809 trading days to Nov 9, 2026

80859095100105110115Aug 15, 2019Nov 9, 2026Aug 15, 2019Close100.938Aug 27, 2019Close101.281Sep 9, 2019Close99.969Sep 19, 2019Close98.563Oct 1, 2019Close99.781Oct 11, 2019Close98.813Oct 24, 2019Close98.719Nov 5, 2019Close97.938Nov 18, 2019Close98.281Nov 29, 2019Close98.531Dec 11, 2019Close98.469Dec 23, 2019Close97.344Jan 6, 2020Close98.438Jan 16, 2020Close98.438Jan 29, 2020Close100.344Feb 10, 2020Close100.656Feb 21, 2020Close101.500Mar 4, 2020Close105.500Mar 16, 2020Close107.750Mar 26, 2020Close107.188Apr 7, 2020Close108.156Apr 20, 2020Close109.313Apr 30, 2020Close109.094May 12, 2020Close108.719May 22, 2020Close108.969Jun 4, 2020Close107.656Jun 16, 2020Close108.250Jun 26, 2020Close109.219Jul 9, 2020Close109.406Jul 21, 2020Close109.438Jul 31, 2020Close110.000Aug 12, 2020Close108.781Aug 24, 2020Close109.125Sep 3, 2020Close109.375Sep 16, 2020Close108.844Sep 28, 2020Close109.063Oct 8, 2020Close108.156Oct 21, 2020Close107.625Nov 2, 2020Close107.281Nov 13, 2020Close107.094Nov 25, 2020Close107.094Dec 8, 2020Close106.844Dec 18, 2020Close106.688Dec 31, 2020Close106.938Jan 13, 2021Close105.500Jan 26, 2021Close105.969Feb 5, 2021Close104.938Feb 18, 2021Close104.063Mar 2, 2021Close102.906Mar 12, 2021Close101.219Mar 24, 2021Close101.406Apr 5, 2021Close100.469Apr 15, 2021Close101.813Apr 27, 2021Close101.250May 7, 2021Close101.656May 19, 2021Close101.000Jun 1, 2021Close101.438Jun 11, 2021Close102.531Jun 23, 2021Close102.031Jul 6, 2021Close103.031Jul 16, 2021Close103.531Jul 28, 2021Close104.000Aug 9, 2021Close103.438Aug 19, 2021Close103.938Aug 31, 2021Close103.594Sep 13, 2021Close103.375Sep 23, 2021Close102.594Oct 5, 2021Close101.813Oct 18, 2021Close101.219Oct 28, 2021Close101.188Nov 9, 2021Close102.188Nov 22, 2021Close100.594Dec 3, 2021Close102.531Dec 15, 2021Close101.625Dec 28, 2021Close101.656Jan 7, 2022Close99.625Jan 20, 2022Close99.000Feb 1, 2022Close99.094Feb 11, 2022Close98.031Feb 24, 2022Close97.969Mar 8, 2022Close98.625Mar 18, 2022Close96.438Mar 30, 2022Close94.750Apr 11, 2022Close92.219Apr 22, 2022Close91.500May 4, 2022Close91.406May 16, 2022Close91.969May 26, 2022Close92.813Jun 8, 2022Close90.969Jun 21, 2022Close89.063Jul 1, 2022Close91.906Jul 14, 2022Close91.188Jul 26, 2022Close92.250Aug 5, 2022Close92.188Aug 17, 2022Close91.906Aug 29, 2022Close90.375Sep 9, 2022Close89.156Sep 21, 2022Close87.938Oct 3, 2022Close87.094Oct 14, 2022Close85.156Oct 26, 2022Close85.438Nov 7, 2022Close84.469Nov 18, 2022Close86.688Dec 1, 2022Close88.469Dec 13, 2022Close88.625Dec 23, 2022Close87.469Jan 6, 2023Close88.594Jan 19, 2023Close89.656Jan 31, 2023Close88.906Feb 10, 2023Close87.531Feb 23, 2023Close86.594Mar 7, 2023Close85.906Mar 17, 2023Close89.656Mar 29, 2023Close88.656Apr 10, 2023Close89.625Apr 20, 2023Close89.000May 2, 2023Close89.844May 12, 2023Close89.844May 24, 2023Close88.281Jun 6, 2023Close88.125Jun 16, 2023Close87.625Jun 29, 2023Close87.063Jul 12, 2023Close87.313Jul 24, 2023Close87.250Aug 3, 2023Close86.094Aug 15, 2023Close85.938Aug 25, 2023Close85.688Sep 7, 2023Close85.906Sep 19, 2023Close85.344Sep 29, 2023Close84.813Oct 12, 2023Close84.469Oct 24, 2023Close83.938Nov 3, 2023Close85.500Nov 15, 2023Close85.500Nov 28, 2023Close86.563Dec 8, 2023Close87.000Dec 20, 2023Close88.844Jan 3, 2024Close88.813Jan 16, 2024Close88.563Jan 26, 2024Close88.156Feb 7, 2024Close88.219Feb 20, 2024Close87.438Mar 1, 2024Close87.813Mar 13, 2024Close87.813Mar 25, 2024Close87.656Apr 5, 2024Close87.094Apr 17, 2024Close86.094Apr 29, 2024Close85.969May 9, 2024Close86.813May 21, 2024Close87.031Jun 3, 2024Close87.125Jun 13, 2024Close87.969Jun 26, 2024Close87.594Jul 9, 2024Close88.031Jul 19, 2024Close88.438Jul 31, 2024Close89.375Aug 12, 2024Close90.375Aug 22, 2024Close90.563Sep 4, 2024Close91.281Sep 16, 2024Close92.000Sep 26, 2024Close91.438Oct 8, 2024Close90.219Oct 21, 2024Close89.844Oct 31, 2024Close89.219Nov 13, 2024Close88.688Nov 25, 2024Close89.250Dec 6, 2024Close89.844Dec 18, 2024Close88.531Dec 31, 2024Close88.781Jan 13, 2025Close87.969Jan 24, 2025Close88.688Feb 5, 2025Close89.438Feb 18, 2025Close88.938Feb 28, 2025Close90.375Mar 12, 2025Close90.250Mar 24, 2025Close90.281Apr 3, 2025Close91.719Apr 15, 2025Close90.969Apr 28, 2025Close91.688May 8, 2025Close91.000May 20, 2025Close90.844Jun 2, 2025Close91.094Jun 12, 2025Close91.344Jun 25, 2025Close91.875Jul 8, 2025Close91.406Jul 18, 2025Close91.594Jul 30, 2025Close91.625Aug 11, 2025Close92.250Aug 21, 2025Close92.219Sep 3, 2025Close92.813Sep 15, 2025Close93.156Sep 25, 2025Close92.656Oct 7, 2025Close92.906Oct 20, 2025Close93.406Oct 30, 2025Close92.969Nov 12, 2025Close93.219Nov 24, 2025Close93.500Dec 5, 2025Close93.219Dec 17, 2025Close93.375Dec 30, 2025Close93.469Jan 12, 2026Close93.281Jan 23, 2026Close93.125Feb 4, 2026Close93.219Feb 17, 2026Close93.875Feb 27, 2026Close94.219Mar 11, 2026Close93.500Mar 23, 2026Close92.938Apr 2, 2026Close93.094Apr 14, 2026Close93.344Apr 24, 2026Close93.281May 6, 2026Close93.063May 18, 2026Close92.375May 29, 2026Close92.750Jun 10, 2026Close92.438Jun 23, 2026Close92.469Jul 6, 2026Close92.750Jul 16, 2026Close92.656Jul 28, 2026Close92.438Aug 7, 2026Close92.656Aug 19, 2026Close92.750Aug 31, 2026Close92.406Sep 11, 2026Close91.719Sep 23, 2026Close91.156Oct 5, 2026Close91.281Oct 16, 2026Close91.719Oct 28, 2026Close91.844Nov 9, 2026Close92.375
The most recent 20 trading days of prices for 912828YB0.
DateBidOfferClose
Nov 9, 202692.37592.40692.375
Nov 6, 202692.43892.46992.438
Nov 5, 202692.43892.46992.563
Nov 4, 202692.25092.28192.281
Nov 3, 202692.18892.21992.188
Nov 2, 202692.25092.28192.250
Oct 30, 202692.15692.18892.250
Oct 29, 202692.03192.06392.031
Oct 28, 202691.75091.78191.844
Oct 27, 202691.84491.87591.844
Oct 26, 202691.87591.90691.844
Oct 23, 202691.90691.93891.938
Oct 22, 202691.84491.87591.969
Oct 21, 202691.62591.65691.563
Oct 20, 202691.65691.68891.625
Oct 19, 202691.65691.67291.625
Oct 16, 202691.71991.75091.719
Oct 15, 202691.59491.64191.625
Oct 14, 202691.31391.34491.469
Oct 13, 202691.43891.45391.469

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 912828YB0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 7, 2019Aug 15, 2019New issue$27.0bn$44.6bn2.20x1.670%
Sep 11, 2019Sep 16, 2019Reopening$24.0bn$24.0bn2.46x1.739%
Oct 9, 2019Oct 15, 2019Reopening$24.0bn$24.0bn2.43x1.590%

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.