Treasury note

912828Z94 · 1.5% due February 15, 2030

Original term: 10-Year
Maturity: Feb 15, 2030
Coupon: 1.500%
Pays: Semi-Annual
Dated: Feb 15, 2020
First coupon: Aug 15, 2020
Priced through: Nov 9, 2026
Analyzed through: Nov 9, 2026

Statement of October 31, 2026

Amount outstanding: $87.40bn
Held stripped: $26.0m
Share stripped: 0.03%

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: 4.638%
Modified duration: 3.109 yr
DV01: 0.0283
Convexity: 0.114
Dirty price: 90.948

Where its rate sensitivity sits

<.01

0.01

0.03

2.72

0.41

10Y

15Y

20Y

25Y

30Y

Sensitivity to a one basis point move at each point on the curve, in years. Concentrated in 6 of twelve buckets, summing to 3.183 years against a modified duration of 3.109.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 3.56 cents per 100 of face.

That is 0.01 standard deviations from its own typical residual.

Yield to maturity, 1,684 observations

Price history

1,684 trading days to Nov 9, 2026

The most recent 20 trading days of prices for 912828Z94.
Date	Bid	Offer	Close
Nov 9, 2026	90.594	90.625	90.594
Nov 6, 2026	90.656	90.688	90.688
Nov 5, 2026	90.656	90.688	90.813
Nov 4, 2026	90.438	90.469	90.500
Nov 3, 2026	90.375	90.406	90.375
Nov 2, 2026	90.469	90.500	90.438
Oct 30, 2026	90.313	90.344	90.438
Oct 29, 2026	90.219	90.234	90.188
Oct 28, 2026	89.875	89.906	89.969
Oct 27, 2026	90.000	90.031	90.000
Oct 26, 2026	90.031	90.063	90.000
Oct 23, 2026	90.063	90.094	90.094
Oct 22, 2026	90.000	90.031	90.156
Oct 21, 2026	89.719	89.750	89.656
Oct 20, 2026	89.750	89.781	89.719
Oct 19, 2026	89.750	89.766	89.719
Oct 16, 2026	89.844	89.875	89.844
Oct 15, 2026	89.719	89.750	89.719
Oct 14, 2026	89.344	89.375	89.500
Oct 13, 2026	89.469	89.500	89.500

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.

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 912828Z94.
Auction date	Issued	Type	Offered	Accepted	Bid to cover	High yield
Feb 12, 2020	Feb 18, 2020	New issue	$27.0bn	$39.0bn	2.58x	1.622%
Mar 11, 2020	Mar 16, 2020	Reopening	$24.0bn	$24.0bn	2.36x	0.849%
Apr 7, 2020	Apr 15, 2020	Reopening	$25.0bn	$25.1bn	2.43x	0.782%

The curve this was priced against →