Treasury note

912828ZV5 · 0.5% due June 30, 2027

Original term
7-Year
Maturity
Jun 30, 2027
Coupon
0.500%
Pays
Semi-Annual
Dated
Jun 30, 2020
First coupon
Dec 31, 2020
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$45.95bn
Held stripped
$97.2m
Share stripped
0.21%

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
4.310%
Modified duration
0.624 yr
DV01
0.0061
Convexity
0.00695
Dirty price
97.806

Where its rate sensitivity sits

0.46
0.17
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 2 of twelve buckets, summing to 0.634 years against a modified duration of 0.624.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 0.87 cents per 100 of face.

That is -0.47 standard deviations from its own typical residual.

Yield to maturity, 1,591 observations

0%1%2%3%4%5%6%Jun 30, 2020Nov 9, 2026Jun 30, 2020Yield to maturity0.491%Jul 10, 2020Yield to maturity0.486%Jul 21, 2020Yield to maturity0.450%Jul 30, 2020Yield to maturity0.395%Aug 10, 2020Yield to maturity0.412%Aug 19, 2020Yield to maturity0.472%Aug 28, 2020Yield to maturity0.495%Sep 9, 2020Yield to maturity0.463%Sep 18, 2020Yield to maturity0.462%Sep 29, 2020Yield to maturity0.420%Oct 8, 2020Yield to maturity0.514%Oct 20, 2020Yield to maturity0.538%Oct 29, 2020Yield to maturity0.581%Nov 9, 2020Yield to maturity0.659%Nov 19, 2020Yield to maturity0.587%Dec 1, 2020Yield to maturity0.631%Dec 10, 2020Yield to maturity0.588%Dec 21, 2020Yield to maturity0.598%Dec 31, 2020Yield to maturity0.574%Jan 12, 2021Yield to maturity0.743%Jan 22, 2021Yield to maturity0.674%Feb 2, 2021Yield to maturity0.685%Feb 11, 2021Yield to maturity0.706%Feb 23, 2021Yield to maturity0.880%Mar 4, 2021Yield to maturity1.090%Mar 15, 2021Yield to maturity1.156%Mar 24, 2021Yield to maturity1.137%Apr 2, 2021Yield to maturity1.284%Apr 13, 2021Yield to maturity1.153%Apr 22, 2021Yield to maturity1.097%May 3, 2021Yield to maturity1.127%May 12, 2021Yield to maturity1.162%May 21, 2021Yield to maturity1.105%Jun 2, 2021Yield to maturity1.070%Jun 11, 2021Yield to maturity0.986%Jun 22, 2021Yield to maturity1.064%Jul 1, 2021Yield to maturity1.078%Jul 13, 2021Yield to maturity1.009%Jul 22, 2021Yield to maturity0.857%Aug 2, 2021Yield to maturity0.793%Aug 11, 2021Yield to maturity0.943%Aug 20, 2021Yield to maturity0.907%Aug 31, 2021Yield to maturity0.903%Sep 10, 2021Yield to maturity0.939%Sep 21, 2021Yield to maturity0.952%Sep 30, 2021Yield to maturity1.125%Oct 12, 2021Yield to maturity1.204%Oct 21, 2021Yield to maturity1.335%Nov 1, 2021Yield to maturity1.304%Nov 10, 2021Yield to maturity1.308%Nov 22, 2021Yield to maturity1.396%Dec 2, 2021Yield to maturity1.257%Dec 13, 2021Yield to maturity1.267%Dec 22, 2021Yield to maturity1.288%Jan 3, 2022Yield to maturity1.427%Jan 12, 2022Yield to maturity1.554%Jan 24, 2022Yield to maturity1.579%Feb 2, 2022Yield to maturity1.646%Feb 11, 2022Yield to maturity1.869%Feb 23, 2022Yield to maturity1.927%Mar 4, 2022Yield to maturity1.665%Mar 15, 2022Yield to maturity2.131%Mar 24, 2022Yield to maturity2.399%Apr 4, 2022Yield to maturity2.579%Apr 13, 2022Yield to maturity2.699%Apr 25, 2022Yield to maturity2.873%May 4, 2022Yield to maturity2.961%May 13, 2022Yield to maturity2.926%May 24, 2022Yield to maturity2.789%Jun 3, 2022Yield to maturity2.990%Jun 14, 2022Yield to maturity3.647%Jun 24, 2022Yield to maturity3.215%Jul 6, 2022Yield to maturity3.010%Jul 15, 2022Yield to maturity3.084%Jul 26, 2022Yield to maturity2.928%Aug 4, 2022Yield to maturity2.793%Aug 15, 2022Yield to maturity2.940%Aug 24, 2022Yield to maturity3.267%Sep 2, 2022Yield to maturity3.346%Sep 14, 2022Yield to maturity3.639%Sep 23, 2022Yield to maturity4.006%Oct 4, 2022Yield to maturity3.889%Oct 14, 2022Yield to maturity4.301%Oct 25, 2022Yield to maturity4.288%Nov 3, 2022Yield to maturity4.407%Nov 15, 2022Yield to maturity3.972%Nov 25, 2022Yield to maturity3.956%Dec 6, 2022Yield to maturity3.818%Dec 15, 2022Yield to maturity3.697%Dec 27, 2022Yield to maturity4.010%Jan 6, 2023Yield to maturity3.752%Jan 18, 2023Yield to maturity3.482%Jan 27, 2023Yield to maturity3.685%Feb 7, 2023Yield to maturity3.914%Feb 16, 2023Yield to maturity4.148%Feb 28, 2023Yield to maturity4.281%Mar 9, 2023Yield to maturity4.337%Mar 20, 2023Yield to maturity3.710%Mar 29, 2023Yield to maturity3.781%Apr 7, 2023Yield to maturity3.587%Apr 18, 2023Yield to maturity3.780%Apr 27, 2023Yield to maturity3.694%May 8, 2023Yield to maturity3.585%May 17, 2023Yield to maturity3.683%May 26, 2023Yield to maturity4.088%Jun 7, 2023Yield to maturity4.064%Jun 16, 2023Yield to maturity4.158%Jun 28, 2023Yield to maturity4.134%Jul 10, 2023Yield to maturity4.390%Jul 19, 2023Yield to maturity4.140%Jul 28, 2023Yield to maturity4.348%Aug 8, 2023Yield to maturity4.238%Aug 17, 2023Yield to maturity4.542%Aug 28, 2023Yield to maturity4.544%Sep 7, 2023Yield to maturity4.533%Sep 18, 2023Yield to maturity4.625%Sep 27, 2023Yield to maturity4.812%Oct 6, 2023Yield to maturity4.830%Oct 18, 2023Yield to maturity5.002%Oct 27, 2023Yield to maturity4.822%Nov 7, 2023Yield to maturity4.625%Nov 16, 2023Yield to maturity4.529%Nov 28, 2023Yield to maturity4.431%Dec 7, 2023Yield to maturity4.251%Dec 18, 2023Yield to maturity4.087%Dec 28, 2023Yield to maturity3.969%Jan 9, 2024Yield to maturity4.065%Jan 19, 2024Yield to maturity4.141%Jan 30, 2024Yield to maturity4.104%Feb 8, 2024Yield to maturity4.216%Feb 20, 2024Yield to maturity4.372%Feb 29, 2024Yield to maturity4.400%Mar 11, 2024Yield to maturity4.249%Mar 20, 2024Yield to maturity4.388%Apr 1, 2024Yield to maturity4.506%Apr 10, 2024Yield to maturity4.788%Apr 19, 2024Yield to maturity4.806%Apr 30, 2024Yield to maturity4.863%May 9, 2024Yield to maturity4.605%May 20, 2024Yield to maturity4.610%May 30, 2024Yield to maturity4.717%Jun 10, 2024Yield to maturity4.652%Jun 20, 2024Yield to maturity4.461%Jul 1, 2024Yield to maturity4.598%Jul 11, 2024Yield to maturity4.283%Jul 22, 2024Yield to maturity4.309%Jul 31, 2024Yield to maturity4.121%Aug 9, 2024Yield to maturity3.900%Aug 20, 2024Yield to maturity3.830%Aug 29, 2024Yield to maturity3.785%Sep 10, 2024Yield to maturity3.486%Sep 19, 2024Yield to maturity3.513%Sep 30, 2024Yield to maturity3.596%Oct 9, 2024Yield to maturity3.932%Oct 21, 2024Yield to maturity3.974%Oct 30, 2024Yield to maturity4.151%Nov 8, 2024Yield to maturity4.237%Nov 20, 2024Yield to maturity4.285%Dec 2, 2024Yield to maturity4.155%Dec 11, 2024Yield to maturity4.149%Dec 20, 2024Yield to maturity4.318%Jan 2, 2025Yield to maturity4.280%Jan 13, 2025Yield to maturity4.455%Jan 23, 2025Yield to maturity4.327%Feb 3, 2025Yield to maturity4.273%Feb 12, 2025Yield to maturity4.371%Feb 24, 2025Yield to maturity4.172%Mar 5, 2025Yield to maturity4.002%Mar 14, 2025Yield to maturity4.018%Mar 25, 2025Yield to maturity3.996%Apr 3, 2025Yield to maturity3.712%Apr 14, 2025Yield to maturity3.865%Apr 24, 2025Yield to maturity3.797%May 5, 2025Yield to maturity3.844%May 14, 2025Yield to maturity4.061%May 23, 2025Yield to maturity4.019%Jun 4, 2025Yield to maturity3.895%Jun 13, 2025Yield to maturity3.963%Jun 25, 2025Yield to maturity3.790%Jul 7, 2025Yield to maturity3.913%Jul 16, 2025Yield to maturity3.886%Jul 25, 2025Yield to maturity3.904%Aug 5, 2025Yield to maturity3.732%Aug 14, 2025Yield to maturity3.739%Aug 25, 2025Yield to maturity3.736%Sep 4, 2025Yield to maturity3.617%Sep 15, 2025Yield to maturity3.556%Sep 24, 2025Yield to maturity3.637%Oct 3, 2025Yield to maturity3.594%Oct 15, 2025Yield to maturity3.525%Oct 24, 2025Yield to maturity3.499%Nov 4, 2025Yield to maturity3.605%Nov 14, 2025Yield to maturity3.647%Nov 25, 2025Yield to maturity3.506%Dec 5, 2025Yield to maturity3.591%Dec 16, 2025Yield to maturity3.488%Dec 26, 2025Yield to maturity3.487%Jan 7, 2026Yield to maturity3.475%Jan 16, 2026Yield to maturity3.590%Jan 28, 2026Yield to maturity3.573%Feb 6, 2026Yield to maturity3.497%Feb 18, 2026Yield to maturity3.485%Feb 27, 2026Yield to maturity3.454%Mar 10, 2026Yield to maturity3.612%Mar 19, 2026Yield to maturity3.802%Mar 30, 2026Yield to maturity3.856%Apr 8, 2026Yield to maturity3.816%Apr 17, 2026Yield to maturity3.734%Apr 28, 2026Yield to maturity3.803%May 7, 2026Yield to maturity3.847%May 18, 2026Yield to maturity3.938%May 28, 2026Yield to maturity3.935%Jun 8, 2026Yield to maturity4.034%Jun 17, 2026Yield to maturity4.120%Jun 29, 2026Yield to maturity4.075%Jul 9, 2026Yield to maturity4.108%Jul 20, 2026Yield to maturity4.117%Jul 29, 2026Yield to maturity4.106%Aug 7, 2026Yield to maturity4.080%Aug 18, 2026Yield to maturity4.030%Aug 27, 2026Yield to maturity4.055%Sep 8, 2026Yield to maturity4.159%Sep 17, 2026Yield to maturity4.400%Sep 28, 2026Yield to maturity4.512%Oct 7, 2026Yield to maturity4.377%Oct 19, 2026Yield to maturity4.418%Oct 28, 2026Yield to maturity4.367%Nov 6, 2026Yield to maturity4.293%Nov 9, 2026Yield to maturity4.310%

Price history

1,591 trading days to Nov 9, 2026

80859095100105Jun 30, 2020Nov 9, 2026Jun 30, 2020Close100.063Jul 10, 2020Close100.094Jul 21, 2020Close100.344Jul 30, 2020Close100.719Aug 10, 2020Close100.594Aug 19, 2020Close100.188Aug 28, 2020Close100.031Sep 9, 2020Close100.250Sep 18, 2020Close100.250Sep 29, 2020Close100.531Oct 8, 2020Close99.906Oct 20, 2020Close99.750Oct 29, 2020Close99.469Nov 9, 2020Close98.969Nov 19, 2020Close99.438Dec 1, 2020Close99.156Dec 10, 2020Close99.438Dec 21, 2020Close99.375Dec 31, 2020Close99.531Jan 12, 2021Close98.469Jan 22, 2021Close98.906Feb 2, 2021Close98.844Feb 11, 2021Close98.719Feb 23, 2021Close97.656Mar 4, 2021Close96.406Mar 15, 2021Close96.031Mar 24, 2021Close96.156Apr 2, 2021Close95.313Apr 13, 2021Close96.094Apr 22, 2021Close96.438May 3, 2021Close96.281May 12, 2021Close96.094May 21, 2021Close96.438Jun 2, 2021Close96.656Jun 11, 2021Close97.156Jun 22, 2021Close96.719Jul 1, 2021Close96.656Jul 13, 2021Close97.063Jul 22, 2021Close97.938Aug 2, 2021Close98.313Aug 11, 2021Close97.469Aug 20, 2021Close97.688Aug 31, 2021Close97.719Sep 10, 2021Close97.531Sep 21, 2021Close97.469Sep 30, 2021Close96.531Oct 12, 2021Close96.125Oct 21, 2021Close95.438Nov 1, 2021Close95.625Nov 10, 2021Close95.625Nov 22, 2021Close95.188Dec 2, 2021Close95.938Dec 13, 2021Close95.906Dec 22, 2021Close95.813Jan 3, 2022Close95.125Jan 12, 2022Close94.500Jan 24, 2022Close94.406Feb 2, 2022Close94.094Feb 11, 2022Close93.031Feb 23, 2022Close92.781Mar 4, 2022Close94.094Mar 15, 2022Close91.875Mar 24, 2022Close90.656Apr 4, 2022Close89.875Apr 13, 2022Close89.375Apr 25, 2022Close88.656May 4, 2022Close88.313May 13, 2022Close88.531May 24, 2022Close89.188Jun 3, 2022Close88.375Jun 14, 2022Close85.625Jun 24, 2022Close87.531Jul 6, 2022Close88.469Jul 15, 2022Close88.219Jul 26, 2022Close88.938Aug 4, 2022Close89.563Aug 15, 2022Close89.000Aug 24, 2022Close87.688Sep 2, 2022Close87.438Sep 14, 2022Close86.313Sep 23, 2022Close84.938Oct 4, 2022Close85.469Oct 14, 2022Close83.969Oct 25, 2022Close84.094Nov 3, 2022Close83.719Nov 15, 2022Close85.469Nov 25, 2022Close85.625Dec 6, 2022Close86.219Dec 15, 2022Close86.750Dec 27, 2022Close85.656Jan 6, 2023Close86.719Jan 18, 2023Close87.813Jan 27, 2023Close87.125Feb 7, 2023Close86.344Feb 16, 2023Close85.563Feb 28, 2023Close85.188Mar 9, 2023Close85.063Mar 20, 2023Close87.406Mar 29, 2023Close87.219Apr 7, 2023Close88.000Apr 18, 2023Close87.375Apr 27, 2023Close87.750May 8, 2023Close88.219May 17, 2023Close87.938May 26, 2023Close86.625Jun 7, 2023Close86.781Jun 16, 2023Close86.563Jun 28, 2023Close86.719Jul 10, 2023Close85.969Jul 19, 2023Close86.875Jul 28, 2023Close86.281Aug 8, 2023Close86.719Aug 17, 2023Close85.813Aug 28, 2023Close85.906Sep 7, 2023Close86.031Sep 18, 2023Close85.844Sep 27, 2023Close85.344Oct 6, 2023Close85.406Oct 18, 2023Close84.969Oct 27, 2023Close85.625Nov 7, 2023Close86.313Nov 16, 2023Close86.688Nov 28, 2023Close87.094Dec 7, 2023Close87.719Dec 18, 2023Close88.313Dec 28, 2023Close88.750Jan 9, 2024Close88.563Jan 19, 2024Close88.438Jan 30, 2024Close88.625Feb 8, 2024Close88.375Feb 20, 2024Close88.031Feb 29, 2024Close88.031Mar 11, 2024Close88.563Mar 20, 2024Close88.250Apr 1, 2024Close88.031Apr 10, 2024Close87.344Apr 19, 2024Close87.406Apr 30, 2024Close87.344May 9, 2024Close88.125May 20, 2024Close88.219May 30, 2024Close88.031Jun 10, 2024Close88.313Jun 20, 2024Close88.906Jul 1, 2024Close88.656Jul 11, 2024Close89.563Jul 22, 2024Close89.594Jul 31, 2024Close90.156Aug 9, 2024Close90.813Aug 20, 2024Close91.063Aug 29, 2024Close91.250Sep 10, 2024Close92.094Sep 19, 2024Close92.094Sep 30, 2024Close91.969Oct 9, 2024Close91.219Oct 21, 2024Close91.219Oct 30, 2024Close90.875Nov 8, 2024Close90.781Nov 20, 2024Close90.750Dec 2, 2024Close91.156Dec 11, 2024Close91.250Dec 20, 2024Close90.969Jan 2, 2025Close91.156Jan 13, 2025Close90.875Jan 23, 2025Close91.250Feb 3, 2025Close91.469Feb 12, 2025Close91.344Feb 24, 2025Close91.875Mar 5, 2025Close92.313Mar 14, 2025Close92.375Mar 25, 2025Close92.500Apr 3, 2025Close93.156Apr 14, 2025Close92.938Apr 24, 2025Close93.156May 5, 2025Close93.156May 14, 2025Close92.813May 23, 2025Close93.000Jun 4, 2025Close93.313Jun 13, 2025Close93.281Jun 25, 2025Close93.688Jul 7, 2025Close93.563Jul 16, 2025Close93.688Jul 25, 2025Close93.750Aug 5, 2025Close94.125Aug 14, 2025Close94.188Aug 25, 2025Close94.281Sep 4, 2025Close94.563Sep 15, 2025Close94.750Sep 24, 2025Close94.688Oct 3, 2025Close94.844Oct 15, 2025Close95.031Oct 24, 2025Close95.156Nov 4, 2025Close95.063Nov 14, 2025Close95.094Nov 25, 2025Close95.375Dec 5, 2025Close95.344Dec 16, 2025Close95.563Dec 26, 2025Close95.656Jan 7, 2026Close95.750Jan 16, 2026Close95.688Jan 28, 2026Close95.781Feb 6, 2026Close95.969Feb 18, 2026Close96.063Feb 27, 2026Close96.188Mar 10, 2026Close96.063Mar 19, 2026Close95.906Mar 30, 2026Close95.938Apr 8, 2026Close96.063Apr 17, 2026Close96.250Apr 28, 2026Close96.250May 7, 2026Close96.281May 18, 2026Close96.281May 28, 2026Close96.375Jun 8, 2026Close96.375Jun 17, 2026Close96.375Jun 29, 2026Close96.531Jul 9, 2026Close96.594Jul 20, 2026Close96.688Jul 29, 2026Close96.781Aug 7, 2026Close96.906Aug 18, 2026Close97.031Aug 27, 2026Close97.094Sep 8, 2026Close97.125Sep 17, 2026Close97.031Sep 28, 2026Close97.063Oct 7, 2026Close97.250Oct 19, 2026Close97.344Oct 28, 2026Close97.469Nov 6, 2026Close97.625Nov 9, 2026Close97.625
The most recent 20 trading days of prices for 912828ZV5.
DateBidOfferClose
Nov 9, 202697.62597.64197.625
Nov 6, 202697.62597.64197.625
Nov 5, 202697.59497.60997.594
Nov 4, 202697.53197.54797.531
Nov 3, 202697.53197.54797.531
Nov 2, 202697.53197.54797.531
Oct 30, 202697.50097.51697.531
Oct 29, 202697.50097.50097.469
Oct 28, 202697.43897.45397.469
Oct 27, 202697.43897.45397.438
Oct 26, 202697.43897.45397.438
Oct 23, 202697.43897.45397.438
Oct 22, 202697.40697.42297.406
Oct 21, 202697.37597.37597.344
Oct 20, 202697.34497.35997.344
Oct 19, 202697.34497.35997.344
Oct 16, 202697.34497.35997.344
Oct 15, 202697.28197.31397.313
Oct 14, 202697.25097.26697.281
Oct 13, 202697.28197.29797.281

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 912828ZV5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 25, 2020Jun 30, 2020New issue$41.0bn$46.6bn2.49x0.511%

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.