Treasury bill · Matured

912797VD6

Original term
17-Week
Maturity
Sep 22, 2026
Coupon
–
Pays
None
Dated
–
First coupon
–
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$294.71bn
Held stripped
not strippable
Share stripped
–

This security cannot be stripped, so no stripped figure exists for it rather than one that is zero. Stripping separates a coupon security into its individual interest and principal payments, which needs more than one cashflow to separate. 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, September 9, 2026

Yield to maturity
3.654%
Modified duration
0.033 yr
DV01
0.0003
Convexity
0.002
Dirty price
99.880

Where its rate sensitivity sits

All of it in one place. A bill pays a single cashflow at maturity, so its key rate profile is its modified duration of 0.033 years, sitting in the nearest bucket and nothing anywhere else. That is also why its duration equals its remaining term rather than being shorter: there are no coupons to pull the average payment date forward. A twelve-bucket chart of that would be eleven empty bars.

Against the money market curve

Priced 0.07 cents per 100 of face rich to the curve on that day.

Shown as a price rather than a yield. This bill is 13 days from redemption, and inside a month the difference between its price and the curve annualizes into a number that looks like an enormous mispricing rather than the fraction of a cent it is: worst case across eighteen years, 1,435 basis points on a residual of four cents. Its yield above is unaffected and stands: a bill quotes on an investment-rate basis, which is the market's own convention rather than an annualized stub.

Yield to maturity, 74 observations

3.65%3.70%3.75%3.80%3.85%3.90%May 26, 2026Sep 9, 2026May 26, 2026Yield to maturity3.725%May 27, 2026Yield to maturity3.714%May 28, 2026Yield to maturity3.714%May 29, 2026Yield to maturity3.712%Jun 1, 2026Yield to maturity3.722%Jun 2, 2026Yield to maturity3.722%Jun 3, 2026Yield to maturity3.722%Jun 4, 2026Yield to maturity3.721%Jun 5, 2026Yield to maturity3.731%Jun 8, 2026Yield to maturity3.741%Jun 9, 2026Yield to maturity3.740%Jun 10, 2026Yield to maturity3.719%Jun 11, 2026Yield to maturity3.719%Jun 12, 2026Yield to maturity3.707%Jun 15, 2026Yield to maturity3.717%Jun 16, 2026Yield to maturity3.717%Jun 17, 2026Yield to maturity3.747%Jun 18, 2026Yield to maturity3.736%Jun 22, 2026Yield to maturity3.745%Jun 23, 2026Yield to maturity3.735%Jun 24, 2026Yield to maturity3.745%Jun 25, 2026Yield to maturity3.724%Jun 26, 2026Yield to maturity3.712%Jun 29, 2026Yield to maturity3.763%Jun 30, 2026Yield to maturity3.711%Jul 1, 2026Yield to maturity3.711%Jul 2, 2026Yield to maturity3.699%Jul 6, 2026Yield to maturity3.699%Jul 7, 2026Yield to maturity3.699%Jul 8, 2026Yield to maturity3.698%Jul 9, 2026Yield to maturity3.698%Jul 10, 2026Yield to maturity3.707%Jul 13, 2026Yield to maturity3.727%Jul 14, 2026Yield to maturity3.706%Jul 15, 2026Yield to maturity3.726%Jul 16, 2026Yield to maturity3.716%Jul 17, 2026Yield to maturity3.715%Jul 20, 2026Yield to maturity3.714%Jul 21, 2026Yield to maturity3.714%Jul 22, 2026Yield to maturity3.734%Jul 23, 2026Yield to maturity3.857%Jul 24, 2026Yield to maturity3.856%Jul 27, 2026Yield to maturity3.855%Jul 28, 2026Yield to maturity3.814%Jul 29, 2026Yield to maturity3.742%Jul 30, 2026Yield to maturity3.741%Jul 31, 2026Yield to maturity3.750%Aug 3, 2026Yield to maturity3.750%Aug 4, 2026Yield to maturity3.750%Aug 5, 2026Yield to maturity3.729%Aug 6, 2026Yield to maturity3.728%Aug 7, 2026Yield to maturity3.717%Aug 10, 2026Yield to maturity3.727%Aug 11, 2026Yield to maturity3.726%Aug 12, 2026Yield to maturity3.706%Aug 13, 2026Yield to maturity3.705%Aug 14, 2026Yield to maturity3.714%Aug 17, 2026Yield to maturity3.704%Aug 18, 2026Yield to maturity3.693%Aug 19, 2026Yield to maturity3.693%Aug 20, 2026Yield to maturity3.692%Aug 21, 2026Yield to maturity3.701%Aug 24, 2026Yield to maturity3.701%Aug 25, 2026Yield to maturity3.701%Aug 26, 2026Yield to maturity3.710%Aug 27, 2026Yield to maturity3.710%Aug 28, 2026Yield to maturity3.709%Aug 31, 2026Yield to maturity3.698%Sep 1, 2026Yield to maturity3.718%Sep 2, 2026Yield to maturity3.708%Sep 3, 2026Yield to maturity3.687%Sep 4, 2026Yield to maturity3.675%Sep 8, 2026Yield to maturity3.665%Sep 9, 2026Yield to maturity3.654%

Price history

74 trading days to Sep 9, 2026

98.899.099.299.499.699.8100.0May 26, 2026Sep 9, 2026May 26, 2026Close98.810May 27, 2026Close98.823May 28, 2026Close98.834May 29, 2026Close98.864Jun 1, 2026Close98.871Jun 2, 2026Close98.881Jun 3, 2026Close98.891Jun 4, 2026Close98.901Jun 5, 2026Close98.928Jun 8, 2026Close98.935Jun 9, 2026Close98.946Jun 10, 2026Close98.961Jun 11, 2026Close98.972Jun 12, 2026Close99.004Jun 15, 2026Close99.012Jun 16, 2026Close99.022Jun 17, 2026Close99.024Jun 18, 2026Close99.067Jun 22, 2026Close99.075Jun 23, 2026Close99.088Jun 24, 2026Close99.095Jun 25, 2026Close99.110Jun 26, 2026Close99.143Jun 29, 2026Close99.141Jun 30, 2026Close99.163Jul 1, 2026Close99.173Jul 2, 2026Close99.216Jul 6, 2026Close99.226Jul 7, 2026Close99.236Jul 8, 2026Close99.246Jul 9, 2026Close99.256Jul 10, 2026Close99.284Jul 13, 2026Close99.290Jul 14, 2026Close99.304Jul 15, 2026Close99.311Jul 16, 2026Close99.323Jul 17, 2026Close99.353Jul 20, 2026Close99.363Jul 21, 2026Close99.373Jul 22, 2026Close99.380Jul 23, 2026Close99.370Jul 24, 2026Close99.401Jul 27, 2026Close99.412Jul 28, 2026Close99.429Jul 29, 2026Close99.450Jul 30, 2026Close99.460Jul 31, 2026Close99.489Aug 3, 2026Close99.499Aug 4, 2026Close99.509Aug 5, 2026Close99.522Aug 6, 2026Close99.532Aug 7, 2026Close99.564Aug 10, 2026Close99.573Aug 11, 2026Close99.583Aug 12, 2026Close99.596Aug 13, 2026Close99.606Aug 14, 2026Close99.635Aug 17, 2026Close99.646Aug 18, 2026Close99.657Aug 19, 2026Close99.667Aug 20, 2026Close99.677Aug 21, 2026Close99.707Aug 24, 2026Close99.717Aug 25, 2026Close99.727Aug 26, 2026Close99.736Aug 27, 2026Close99.747Aug 28, 2026Close99.777Aug 31, 2026Close99.788Sep 1, 2026Close99.797Sep 2, 2026Close99.807Sep 3, 2026Close99.819Sep 4, 2026Close99.859Sep 8, 2026Close99.870Sep 9, 2026Close99.880
The most recent 20 trading days of prices for 912797VD6.
DateBidOfferClose
Sep 9, 202699.87099.87099.880
Sep 8, 202699.86099.85999.870
Sep 4, 202699.81999.81899.859
Sep 3, 202699.80999.80899.819
Sep 2, 202699.79799.79799.807
Sep 1, 202699.78799.78799.797
Aug 31, 202699.77899.77799.788
Aug 28, 202699.74799.74699.777
Aug 27, 202699.73799.73699.747
Aug 26, 202699.72799.72799.736
Aug 25, 202699.71799.71799.727
Aug 24, 202699.70699.70699.717
Aug 21, 202699.67799.67699.707
Aug 20, 202699.66999.66899.677
Aug 19, 202699.65999.65899.667
Aug 18, 202699.64899.64799.657
Aug 17, 202699.63699.63699.646
Aug 14, 202699.60699.60599.635
Aug 13, 202699.59899.59799.606
Aug 12, 202699.58599.58499.596

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.

Auction history for 912797VD6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 20, 2026May 26, 2026New issue$69.0bn$71.7bn3.34x–
Jul 23, 2026Jul 28, 2026Reopening$100.0bn$106.0bn2.31x–
Aug 20, 2026Aug 25, 2026Reopening$110.0bn$117.0bn2.84x–

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.