Treasury note

912828YX2 · 1.75% due December 31, 2026

Original term
7-Year
Maturity
Dec 31, 2026
Coupon
1.750%
Pays
Semi-Annual
Dated
Dec 31, 2019
First coupon
Jun 30, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$35.01bn
Held stripped
$1.6m
Share stripped
<0.01%

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
4.218%
Modified duration
0.138 yr
DV01
0.0014
Convexity
0.00038
Dirty price
100.289

Where its rate sensitivity sits

0.14
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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 3.5 bp cheap to the curve on that day, 0.48 cents per 100 of face.

That is 2.16 standard deviations from its own typical residual.

Yield to maturity, 1,716 observations

0%1%2%3%4%5%6%Dec 31, 2019Nov 9, 2026Dec 31, 2019Yield to maturity1.831%Jan 13, 2020Yield to maturity1.760%Jan 24, 2020Yield to maturity1.611%Feb 5, 2020Yield to maturity1.568%Feb 18, 2020Yield to maturity1.476%Feb 28, 2020Yield to maturity1.023%Mar 11, 2020Yield to maturity0.781%Mar 23, 2020Yield to maturity0.635%Apr 2, 2020Yield to maturity0.535%Apr 15, 2020Yield to maturity0.484%Apr 27, 2020Yield to maturity0.551%May 7, 2020Yield to maturity0.464%May 19, 2020Yield to maturity0.509%Jun 1, 2020Yield to maturity0.470%Jun 11, 2020Yield to maturity0.474%Jun 23, 2020Yield to maturity0.501%Jul 6, 2020Yield to maturity0.471%Jul 16, 2020Yield to maturity0.419%Jul 28, 2020Yield to maturity0.393%Aug 7, 2020Yield to maturity0.358%Aug 19, 2020Yield to maturity0.424%Aug 31, 2020Yield to maturity0.427%Sep 11, 2020Yield to maturity0.387%Sep 23, 2020Yield to maturity0.391%Oct 5, 2020Yield to maturity0.467%Oct 16, 2020Yield to maturity0.445%Oct 28, 2020Yield to maturity0.474%Nov 9, 2020Yield to maturity0.592%Nov 20, 2020Yield to maturity0.511%Dec 3, 2020Yield to maturity0.540%Dec 15, 2020Yield to maturity0.504%Dec 28, 2020Yield to maturity0.502%Jan 8, 2021Yield to maturity0.633%Jan 21, 2021Yield to maturity0.597%Feb 2, 2021Yield to maturity0.596%Feb 12, 2021Yield to maturity0.642%Feb 25, 2021Yield to maturity0.994%Mar 9, 2021Yield to maturity1.001%Mar 19, 2021Yield to maturity1.095%Mar 31, 2021Yield to maturity1.120%Apr 12, 2021Yield to maturity1.066%Apr 22, 2021Yield to maturity0.963%May 4, 2021Yield to maturity0.976%May 14, 2021Yield to maturity0.971%May 26, 2021Yield to maturity0.923%Jun 8, 2021Yield to maturity0.889%Jun 18, 2021Yield to maturity0.970%Jun 30, 2021Yield to maturity0.949%Jul 13, 2021Yield to maturity0.915%Jul 23, 2021Yield to maturity0.790%Aug 4, 2021Yield to maturity0.716%Aug 16, 2021Yield to maturity0.803%Aug 26, 2021Yield to maturity0.886%Sep 8, 2021Yield to maturity0.851%Sep 20, 2021Yield to maturity0.863%Sep 30, 2021Yield to maturity1.020%Oct 13, 2021Yield to maturity1.113%Oct 25, 2021Yield to maturity1.201%Nov 4, 2021Yield to maturity1.105%Nov 17, 2021Yield to maturity1.232%Nov 30, 2021Yield to maturity1.128%Dec 10, 2021Yield to maturity1.244%Dec 22, 2021Yield to maturity1.235%Jan 4, 2022Yield to maturity1.360%Jan 14, 2022Yield to maturity1.546%Jan 27, 2022Yield to maturity1.644%Feb 8, 2022Yield to maturity1.797%Feb 18, 2022Yield to maturity1.817%Mar 3, 2022Yield to maturity1.757%Mar 15, 2022Yield to maturity2.122%Mar 25, 2022Yield to maturity2.578%Apr 6, 2022Yield to maturity2.727%Apr 19, 2022Yield to maturity2.918%Apr 29, 2022Yield to maturity2.949%May 11, 2022Yield to maturity2.903%May 23, 2022Yield to maturity2.896%Jun 3, 2022Yield to maturity2.966%Jun 15, 2022Yield to maturity3.397%Jun 28, 2022Yield to maturity3.277%Jul 11, 2022Yield to maturity3.069%Jul 21, 2022Yield to maturity3.030%Aug 2, 2022Yield to maturity2.890%Aug 12, 2022Yield to maturity3.025%Aug 24, 2022Yield to maturity3.281%Sep 6, 2022Yield to maturity3.480%Sep 16, 2022Yield to maturity3.700%Sep 28, 2022Yield to maturity3.991%Oct 11, 2022Yield to maturity4.224%Oct 21, 2022Yield to maturity4.409%Nov 2, 2022Yield to maturity4.391%Nov 15, 2022Yield to maturity4.016%Nov 28, 2022Yield to maturity4.026%Dec 8, 2022Yield to maturity3.838%Dec 20, 2022Yield to maturity3.881%Jan 3, 2023Yield to maturity4.018%Jan 13, 2023Yield to maturity3.704%Jan 26, 2023Yield to maturity3.699%Feb 7, 2023Yield to maturity3.952%Feb 17, 2023Yield to maturity4.158%Mar 2, 2023Yield to maturity4.458%Mar 14, 2023Yield to maturity3.969%Mar 24, 2023Yield to maturity3.557%Apr 5, 2023Yield to maturity3.495%Apr 17, 2023Yield to maturity3.842%Apr 27, 2023Yield to maturity3.742%May 9, 2023Yield to maturity3.635%May 19, 2023Yield to maturity3.905%Jun 1, 2023Yield to maturity3.883%Jun 13, 2023Yield to maturity4.213%Jun 26, 2023Yield to maturity4.197%Jul 7, 2023Yield to maturity4.551%Jul 19, 2023Yield to maturity4.230%Jul 31, 2023Yield to maturity4.420%Aug 10, 2023Yield to maturity4.420%Aug 22, 2023Yield to maturity4.691%Sep 1, 2023Yield to maturity4.505%Sep 14, 2023Yield to maturity4.647%Sep 26, 2023Yield to maturity4.808%Oct 6, 2023Yield to maturity4.852%Oct 19, 2023Yield to maturity5.003%Oct 31, 2023Yield to maturity4.887%Nov 10, 2023Yield to maturity4.804%Nov 22, 2023Yield to maturity4.591%Dec 5, 2023Yield to maturity4.286%Dec 15, 2023Yield to maturity4.128%Dec 28, 2023Yield to maturity4.023%Jan 10, 2024Yield to maturity4.120%Jan 23, 2024Yield to maturity4.148%Feb 2, 2024Yield to maturity4.151%Feb 14, 2024Yield to maturity4.392%Feb 27, 2024Yield to maturity4.511%Mar 8, 2024Yield to maturity4.281%Mar 20, 2024Yield to maturity4.431%Apr 2, 2024Yield to maturity4.555%Apr 12, 2024Yield to maturity4.758%Apr 24, 2024Yield to maturity4.827%May 6, 2024Yield to maturity4.692%May 16, 2024Yield to maturity4.642%May 29, 2024Yield to maturity4.845%Jun 10, 2024Yield to maturity4.733%Jun 21, 2024Yield to maturity4.553%Jul 3, 2024Yield to maturity4.586%Jul 16, 2024Yield to maturity4.312%Jul 26, 2024Yield to maturity4.289%Aug 7, 2024Yield to maturity3.931%Aug 19, 2024Yield to maturity3.960%Aug 29, 2024Yield to maturity3.840%Sep 11, 2024Yield to maturity3.562%Sep 23, 2024Yield to maturity3.529%Oct 3, 2024Yield to maturity3.670%Oct 16, 2024Yield to maturity3.900%Oct 28, 2024Yield to maturity4.104%Nov 7, 2024Yield to maturity4.181%Nov 20, 2024Yield to maturity4.286%Dec 3, 2024Yield to maturity4.164%Dec 13, 2024Yield to maturity4.236%Dec 26, 2024Yield to maturity4.324%Jan 8, 2025Yield to maturity4.266%Jan 21, 2025Yield to maturity4.277%Jan 31, 2025Yield to maturity4.214%Feb 12, 2025Yield to maturity4.358%Feb 25, 2025Yield to maturity4.096%Mar 7, 2025Yield to maturity4.008%Mar 19, 2025Yield to maturity4.005%Mar 31, 2025Yield to maturity3.933%Apr 10, 2025Yield to maturity3.890%Apr 23, 2025Yield to maturity3.915%May 5, 2025Yield to maturity3.898%May 15, 2025Yield to maturity4.037%May 28, 2025Yield to maturity4.088%Jun 9, 2025Yield to maturity4.095%Jun 20, 2025Yield to maturity3.997%Jul 2, 2025Yield to maturity3.905%Jul 15, 2025Yield to maturity4.047%Jul 25, 2025Yield to maturity4.029%Aug 6, 2025Yield to maturity3.813%Aug 18, 2025Yield to maturity3.886%Aug 28, 2025Yield to maturity3.781%Sep 10, 2025Yield to maturity3.658%Sep 22, 2025Yield to maturity3.681%Oct 2, 2025Yield to maturity3.618%Oct 15, 2025Yield to maturity3.591%Oct 27, 2025Yield to maturity3.614%Nov 6, 2025Yield to maturity3.658%Nov 19, 2025Yield to maturity3.689%Dec 2, 2025Yield to maturity3.631%Dec 12, 2025Yield to maturity3.565%Dec 24, 2025Yield to maturity3.587%Jan 7, 2026Yield to maturity3.520%Jan 20, 2026Yield to maturity3.587%Jan 30, 2026Yield to maturity3.546%Feb 11, 2026Yield to maturity3.565%Feb 24, 2026Yield to maturity3.603%Mar 6, 2026Yield to maturity3.639%Mar 18, 2026Yield to maturity3.746%Mar 30, 2026Yield to maturity3.791%Apr 9, 2026Yield to maturity3.735%Apr 21, 2026Yield to maturity3.736%May 1, 2026Yield to maturity3.738%May 13, 2026Yield to maturity3.774%May 26, 2026Yield to maturity3.843%Jun 5, 2026Yield to maturity3.852%Jun 17, 2026Yield to maturity3.962%Jun 30, 2026Yield to maturity3.993%Jul 13, 2026Yield to maturity4.021%Jul 23, 2026Yield to maturity4.012%Aug 4, 2026Yield to maturity3.954%Aug 14, 2026Yield to maturity3.885%Aug 26, 2026Yield to maturity3.866%Sep 8, 2026Yield to maturity3.900%Sep 18, 2026Yield to maturity4.037%Sep 30, 2026Yield to maturity4.157%Oct 13, 2026Yield to maturity4.109%Oct 23, 2026Yield to maturity4.184%Nov 4, 2026Yield to maturity3.998%Nov 9, 2026Yield to maturity4.218%

Price history

1,716 trading days to Nov 9, 2026

859095100105110Dec 31, 2019Nov 9, 2026Dec 31, 2019Close99.469Jan 13, 2020Close99.938Jan 24, 2020Close100.906Feb 5, 2020Close101.188Feb 18, 2020Close101.781Feb 28, 2020Close104.781Mar 11, 2020Close106.406Mar 23, 2020Close107.375Apr 2, 2020Close108.031Apr 15, 2020Close108.344Apr 27, 2020Close107.844May 7, 2020Close108.406May 19, 2020Close108.063Jun 1, 2020Close108.281Jun 11, 2020Close108.219Jun 23, 2020Close108.000Jul 6, 2020Close108.156Jul 16, 2020Close108.469Jul 28, 2020Close108.594Aug 7, 2020Close108.781Aug 19, 2020Close108.313Aug 31, 2020Close108.250Sep 11, 2020Close108.469Sep 23, 2020Close108.406Oct 5, 2020Close107.875Oct 16, 2020Close107.969Oct 28, 2020Close107.750Nov 9, 2020Close106.969Nov 20, 2020Close107.438Dec 3, 2020Close107.219Dec 15, 2020Close107.406Dec 28, 2020Close107.375Jan 8, 2021Close106.531Jan 21, 2021Close106.719Feb 2, 2021Close106.688Feb 12, 2021Close106.375Feb 25, 2021Close104.281Mar 9, 2021Close104.219Mar 19, 2021Close103.656Mar 31, 2021Close103.500Apr 12, 2021Close103.781Apr 22, 2021Close104.344May 4, 2021Close104.250May 14, 2021Close104.250May 26, 2021Close104.500Jun 8, 2021Close104.656Jun 18, 2021Close104.188Jun 30, 2021Close104.281Jul 13, 2021Close104.438Jul 23, 2021Close105.094Aug 4, 2021Close105.469Aug 16, 2021Close104.969Aug 26, 2021Close104.500Sep 8, 2021Close104.656Sep 20, 2021Close104.563Sep 30, 2021Close103.719Oct 13, 2021Close103.219Oct 25, 2021Close102.750Nov 4, 2021Close103.219Nov 17, 2021Close102.563Nov 30, 2021Close103.063Dec 10, 2021Close102.469Dec 22, 2021Close102.500Jan 4, 2022Close101.875Jan 14, 2022Close100.969Jan 27, 2022Close100.500Feb 8, 2022Close99.781Feb 18, 2022Close99.688Mar 3, 2022Close99.969Mar 15, 2022Close98.313Mar 25, 2022Close96.313Apr 6, 2022Close95.688Apr 19, 2022Close94.906Apr 29, 2022Close94.813May 11, 2022Close95.031May 23, 2022Close95.094Jun 3, 2022Close94.844Jun 15, 2022Close93.125Jun 28, 2022Close93.656Jul 11, 2022Close94.531Jul 21, 2022Close94.719Aug 2, 2022Close95.313Aug 12, 2022Close94.813Aug 24, 2022Close93.844Sep 6, 2022Close93.125Sep 16, 2022Close92.344Sep 28, 2022Close91.313Oct 11, 2022Close90.531Oct 21, 2022Close89.938Nov 2, 2022Close90.063Nov 15, 2022Close91.469Nov 28, 2022Close91.500Dec 8, 2022Close92.219Dec 20, 2022Close92.125Jan 3, 2023Close91.719Jan 13, 2023Close92.875Jan 26, 2023Close92.938Feb 7, 2023Close92.125Feb 17, 2023Close91.500Mar 2, 2023Close90.563Mar 14, 2023Close92.250Mar 24, 2023Close93.688Apr 5, 2023Close93.938Apr 17, 2023Close92.844Apr 27, 2023Close93.219May 9, 2023Close93.625May 19, 2023Close92.813Jun 1, 2023Close92.938Jun 13, 2023Close91.969Jun 26, 2023Close92.094Jul 7, 2023Close91.094Jul 19, 2023Close92.125Jul 31, 2023Close91.625Aug 10, 2023Close91.688Aug 22, 2023Close90.969Sep 1, 2023Close91.594Sep 14, 2023Close91.250Sep 26, 2023Close90.875Oct 6, 2023Close90.844Oct 19, 2023Close90.500Oct 31, 2023Close90.906Nov 10, 2023Close91.219Nov 22, 2023Close91.875Dec 5, 2023Close92.781Dec 15, 2023Close93.281Dec 28, 2023Close93.625Jan 10, 2024Close93.438Jan 23, 2024Close93.438Feb 2, 2024Close93.500Feb 14, 2024Close92.938Feb 27, 2024Close92.719Mar 8, 2024Close93.375Mar 20, 2024Close93.063Apr 2, 2024Close92.844Apr 12, 2024Close92.438Apr 24, 2024Close92.344May 6, 2024Close92.750May 16, 2024Close92.938May 29, 2024Close92.563Jun 10, 2024Close92.906Jun 21, 2024Close93.406Jul 3, 2024Close93.406Jul 16, 2024Close94.094Jul 26, 2024Close94.219Aug 7, 2024Close95.063Aug 19, 2024Close95.063Aug 29, 2024Close95.375Sep 11, 2024Close96.031Sep 23, 2024Close96.156Oct 3, 2024Close95.906Oct 16, 2024Close95.500Oct 28, 2024Close95.156Nov 7, 2024Close95.063Nov 20, 2024Close94.938Dec 3, 2024Close95.250Dec 13, 2024Close95.188Dec 26, 2024Close95.094Jan 8, 2025Close95.281Jan 21, 2025Close95.344Jan 31, 2025Close95.531Feb 12, 2025Close95.344Feb 25, 2025Close95.875Mar 7, 2025Close96.094Mar 19, 2025Close96.156Mar 31, 2025Close96.344Apr 10, 2025Close96.469Apr 23, 2025Close96.500May 5, 2025Close96.594May 15, 2025Close96.438May 28, 2025Close96.438Jun 9, 2025Close96.500Jun 20, 2025Close96.719Jul 2, 2025Close96.906Jul 15, 2025Close96.781Jul 25, 2025Close96.875Aug 6, 2025Close97.219Aug 18, 2025Close97.188Aug 28, 2025Close97.375Sep 10, 2025Close97.594Sep 22, 2025Close97.625Oct 2, 2025Close97.750Oct 15, 2025Close97.844Oct 27, 2025Close97.875Nov 6, 2025Close97.875Nov 19, 2025Close97.906Dec 2, 2025Close98.031Dec 12, 2025Close98.156Dec 24, 2025Close98.188Jan 7, 2026Close98.313Jan 20, 2026Close98.313Jan 30, 2026Close98.406Feb 11, 2026Close98.438Feb 24, 2026Close98.469Mar 6, 2026Close98.500Mar 18, 2026Close98.469Mar 30, 2026Close98.500Apr 9, 2026Close98.594Apr 21, 2026Close98.656May 1, 2026Close98.719May 13, 2026Close98.750May 26, 2026Close98.781Jun 5, 2026Close98.844Jun 17, 2026Close98.844Jun 30, 2026Close98.906Jul 13, 2026Close98.969Jul 23, 2026Close99.031Aug 4, 2026Close99.125Aug 14, 2026Close99.219Aug 26, 2026Close99.281Sep 8, 2026Close99.344Sep 18, 2026Close99.375Sep 30, 2026Close99.406Oct 13, 2026Close99.500Oct 23, 2026Close99.563Nov 4, 2026Close99.656Nov 9, 2026Close99.656
The most recent 20 trading days of prices for 912828YX2.
DateBidOfferClose
Nov 9, 202699.656–99.656
Nov 6, 202699.656–99.656
Nov 5, 202699.625–99.656
Nov 4, 202699.656–99.656
Nov 3, 202699.625–99.625
Nov 2, 202699.625–99.625
Oct 30, 202699.625–99.625
Oct 29, 202699.594–99.594
Oct 28, 202699.594–99.594
Oct 27, 202699.594–99.594
Oct 26, 202699.563–99.563
Oct 23, 202699.563–99.563
Oct 22, 202699.563–99.531
Oct 21, 202699.531–99.531
Oct 20, 202699.531–99.531
Oct 19, 202699.500–99.500
Oct 16, 202699.531–99.531
Oct 15, 202699.469–99.469
Oct 14, 202699.500–99.500
Oct 13, 202699.500–99.500

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.

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 history for 912828YX2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 26, 2019Dec 31, 2019New issue$32.0bn$35.0bn2.47x1.835%

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.