Treasury bond

912810RD2 · 3.75% due November 15, 2043

Original term
30-Year
Maturity
Nov 15, 2043
Coupon
3.750%
Pays
Semi-Annual
Dated
Nov 15, 2013
First coupon
May 15, 2014
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$41.99bn
Held stripped
$2.36bn
Share stripped
5.61%

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, September 9, 2026

Yield to maturity
5.256%
Modified duration
11.834 yr
DV01
0.0998
Convexity
180.543
Dirty price
84.296

Where its rate sensitivity sits

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 10 of twelve buckets, summing to 12.045 years against a modified duration of 11.834.

Against the fitted curve

Priced 2.6 bp cheap to the curve on that day, 25.81 cents per 100 of face.

That is -0.90 standard deviations from its own typical residual.

Yield to maturity, 3,204 observations

1%2%3%4%5%6%Nov 15, 2013Sep 9, 2026Nov 15, 2013Yield to maturity3.797%Dec 6, 2013Yield to maturity3.905%Dec 27, 2013Yield to maturity3.939%Jan 17, 2014Yield to maturity3.750%Feb 7, 2014Yield to maturity3.668%Feb 28, 2014Yield to maturity3.588%Mar 20, 2014Yield to maturity3.663%Apr 9, 2014Yield to maturity3.564%Apr 30, 2014Yield to maturity3.460%May 20, 2014Yield to maturity3.362%Jun 10, 2014Yield to maturity3.451%Jun 30, 2014Yield to maturity3.326%Jul 21, 2014Yield to maturity3.248%Aug 8, 2014Yield to maturity3.220%Aug 28, 2014Yield to maturity3.059%Sep 19, 2014Yield to maturity3.277%Oct 9, 2014Yield to maturity3.051%Oct 30, 2014Yield to maturity3.031%Nov 20, 2014Yield to maturity3.047%Dec 12, 2014Yield to maturity2.732%Jan 5, 2015Yield to maturity2.581%Jan 26, 2015Yield to maturity2.375%Feb 13, 2015Yield to maturity2.612%Mar 6, 2015Yield to maturity2.807%Mar 26, 2015Yield to maturity2.579%Apr 15, 2015Yield to maturity2.523%May 5, 2015Yield to maturity2.870%May 26, 2015Yield to maturity2.886%Jun 15, 2015Yield to maturity3.083%Jul 6, 2015Yield to maturity3.067%Jul 24, 2015Yield to maturity2.935%Aug 13, 2015Yield to maturity2.818%Sep 2, 2015Yield to maturity2.939%Sep 23, 2015Yield to maturity2.905%Oct 14, 2015Yield to maturity2.778%Nov 3, 2015Yield to maturity2.930%Nov 24, 2015Yield to maturity2.941%Dec 15, 2015Yield to maturity2.918%Jan 6, 2016Yield to maturity2.865%Jan 27, 2016Yield to maturity2.718%Feb 17, 2016Yield to maturity2.557%Mar 8, 2016Yield to maturity2.530%Mar 29, 2016Yield to maturity2.506%Apr 18, 2016Yield to maturity2.491%May 6, 2016Yield to maturity2.514%May 26, 2016Yield to maturity2.543%Jun 16, 2016Yield to maturity2.273%Jul 7, 2016Yield to maturity2.041%Jul 27, 2016Yield to maturity2.126%Aug 16, 2016Yield to maturity2.203%Sep 6, 2016Yield to maturity2.152%Sep 26, 2016Yield to maturity2.246%Oct 17, 2016Yield to maturity2.441%Nov 4, 2016Yield to maturity2.480%Nov 28, 2016Yield to maturity2.934%Dec 16, 2016Yield to maturity3.149%Jan 9, 2017Yield to maturity2.927%Jan 30, 2017Yield to maturity3.048%Feb 17, 2017Yield to maturity3.002%Mar 10, 2017Yield to maturity3.156%Mar 30, 2017Yield to maturity3.011%Apr 20, 2017Yield to maturity2.864%May 10, 2017Yield to maturity3.011%May 31, 2017Yield to maturity2.831%Jun 20, 2017Yield to maturity2.699%Jul 11, 2017Yield to maturity2.882%Jul 31, 2017Yield to maturity2.852%Aug 18, 2017Yield to maturity2.726%Sep 8, 2017Yield to maturity2.623%Sep 28, 2017Yield to maturity2.827%Oct 19, 2017Yield to maturity2.786%Nov 8, 2017Yield to maturity2.744%Nov 29, 2017Yield to maturity2.783%Dec 19, 2017Yield to maturity2.796%Jan 10, 2018Yield to maturity2.859%Jan 31, 2018Yield to maturity2.923%Feb 21, 2018Yield to maturity3.207%Mar 13, 2018Yield to maturity3.081%Apr 3, 2018Yield to maturity3.009%Apr 23, 2018Yield to maturity3.132%May 11, 2018Yield to maturity3.095%Jun 1, 2018Yield to maturity3.036%Jun 21, 2018Yield to maturity3.037%Jul 12, 2018Yield to maturity2.946%Aug 1, 2018Yield to maturity3.126%Aug 21, 2018Yield to maturity2.998%Sep 11, 2018Yield to maturity3.123%Oct 1, 2018Yield to maturity3.235%Oct 22, 2018Yield to maturity3.380%Nov 9, 2018Yield to maturity3.392%Dec 3, 2018Yield to maturity3.260%Dec 24, 2018Yield to maturity2.981%Jan 15, 2019Yield to maturity3.062%Feb 5, 2019Yield to maturity3.015%Feb 26, 2019Yield to maturity2.986%Mar 18, 2019Yield to maturity2.982%Apr 5, 2019Yield to maturity2.869%Apr 26, 2019Yield to maturity2.887%May 16, 2019Yield to maturity2.797%Jun 6, 2019Yield to maturity2.578%Jun 26, 2019Yield to maturity2.523%Jul 17, 2019Yield to maturity2.519%Aug 6, 2019Yield to maturity2.193%Aug 26, 2019Yield to maturity1.985%Sep 16, 2019Yield to maturity2.250%Oct 4, 2019Yield to maturity1.958%Oct 25, 2019Yield to maturity2.250%Nov 15, 2019Yield to maturity2.287%Dec 6, 2019Yield to maturity2.264%Dec 27, 2019Yield to maturity2.300%Jan 17, 2020Yield to maturity2.291%Feb 7, 2020Yield to maturity2.025%Feb 28, 2020Yield to maturity1.619%Mar 19, 2020Yield to maturity1.842%Apr 8, 2020Yield to maturity1.316%Apr 29, 2020Yield to maturity1.204%May 19, 2020Yield to maturity1.338%Jun 9, 2020Yield to maturity1.496%Jun 29, 2020Yield to maturity1.291%Jul 20, 2020Yield to maturity1.215%Aug 7, 2020Yield to maturity1.122%Aug 27, 2020Yield to maturity1.385%Sep 17, 2020Yield to maturity1.287%Oct 7, 2020Yield to maturity1.444%Oct 28, 2020Yield to maturity1.394%Nov 18, 2020Yield to maturity1.448%Dec 9, 2020Yield to maturity1.516%Dec 30, 2020Yield to maturity1.496%Jan 21, 2021Yield to maturity1.708%Feb 10, 2021Yield to maturity1.768%Mar 3, 2021Yield to maturity2.142%Mar 23, 2021Yield to maturity2.245%Apr 12, 2021Yield to maturity2.243%Apr 30, 2021Yield to maturity2.202%May 20, 2021Yield to maturity2.255%Jun 10, 2021Yield to maturity2.069%Jun 30, 2021Yield to maturity2.006%Jul 21, 2021Yield to maturity1.869%Aug 10, 2021Yield to maturity1.912%Aug 30, 2021Yield to maturity1.823%Sep 20, 2021Yield to maturity1.781%Oct 8, 2021Yield to maturity2.105%Oct 29, 2021Yield to maturity1.969%Nov 19, 2021Yield to maturity1.945%Dec 10, 2021Yield to maturity1.915%Dec 31, 2021Yield to maturity1.931%Jan 21, 2022Yield to maturity2.124%Feb 10, 2022Yield to maturity2.393%Mar 3, 2022Yield to maturity2.363%Mar 23, 2022Yield to maturity2.681%Apr 12, 2022Yield to maturity3.032%May 3, 2022Yield to maturity3.247%May 23, 2022Yield to maturity3.312%Jun 13, 2022Yield to maturity3.712%Jul 5, 2022Yield to maturity3.344%Jul 25, 2022Yield to maturity3.330%Aug 12, 2022Yield to maturity3.391%Sep 1, 2022Yield to maturity3.683%Sep 22, 2022Yield to maturity3.952%Oct 13, 2022Yield to maturity4.296%Nov 2, 2022Yield to maturity4.467%Nov 23, 2022Yield to maturity4.044%Dec 14, 2022Yield to maturity3.782%Jan 5, 2023Yield to maturity4.008%Jan 26, 2023Yield to maturity3.785%Feb 15, 2023Yield to maturity4.022%Mar 8, 2023Yield to maturity4.134%Mar 28, 2023Yield to maturity3.944%Apr 17, 2023Yield to maturity3.937%May 5, 2023Yield to maturity3.852%May 25, 2023Yield to maturity4.182%Jun 15, 2023Yield to maturity4.032%Jul 7, 2023Yield to maturity4.304%Jul 27, 2023Yield to maturity4.293%Aug 16, 2023Yield to maturity4.587%Sep 6, 2023Yield to maturity4.599%Sep 26, 2023Yield to maturity4.917%Oct 17, 2023Yield to maturity5.183%Nov 6, 2023Yield to maturity5.041%Nov 27, 2023Yield to maturity4.769%Dec 15, 2023Yield to maturity4.234%Jan 8, 2024Yield to maturity4.353%Jan 29, 2024Yield to maturity4.448%Feb 16, 2024Yield to maturity4.617%Mar 8, 2024Yield to maturity4.402%Mar 28, 2024Yield to maturity4.488%Apr 17, 2024Yield to maturity4.851%May 7, 2024Yield to maturity4.730%May 28, 2024Yield to maturity4.789%Jun 17, 2024Yield to maturity4.553%Jul 9, 2024Yield to maturity4.626%Jul 29, 2024Yield to maturity4.541%Aug 16, 2024Yield to maturity4.285%Sep 6, 2024Yield to maturity4.130%Sep 26, 2024Yield to maturity4.202%Oct 17, 2024Yield to maturity4.471%Nov 6, 2024Yield to maturity4.734%Nov 27, 2024Yield to maturity4.563%Dec 18, 2024Yield to maturity4.787%Jan 9, 2025Yield to maturity5.015%Jan 30, 2025Yield to maturity4.831%Feb 20, 2025Yield to maturity4.808%Mar 12, 2025Yield to maturity4.694%Apr 1, 2025Yield to maturity4.563%Apr 21, 2025Yield to maturity4.968%May 9, 2025Yield to maturity4.879%May 30, 2025Yield to maturity4.958%Jun 20, 2025Yield to maturity4.915%Jul 11, 2025Yield to maturity4.975%Jul 31, 2025Yield to maturity4.890%Aug 20, 2025Yield to maturity4.873%Sep 10, 2025Yield to maturity4.639%Sep 30, 2025Yield to maturity4.699%Oct 21, 2025Yield to maturity4.512%Nov 10, 2025Yield to maturity4.676%Dec 2, 2025Yield to maturity4.700%Dec 22, 2025Yield to maturity4.787%Jan 13, 2026Yield to maturity4.744%Feb 3, 2026Yield to maturity4.829%Feb 24, 2026Yield to maturity4.610%Mar 16, 2026Yield to maturity4.816%Apr 3, 2026Yield to maturity4.897%Apr 23, 2026Yield to maturity4.885%May 13, 2026Yield to maturity5.009%Jun 3, 2026Yield to maturity4.976%Jun 24, 2026Yield to maturity4.849%Jul 15, 2026Yield to maturity5.053%Aug 4, 2026Yield to maturity5.166%Aug 24, 2026Yield to maturity5.191%Sep 9, 2026Yield to maturity5.256%

Price history

3,204 trading days to Sep 9, 2026

80100120140160Nov 15, 2013Sep 9, 2026Nov 15, 2013Close99.156Dec 6, 2013Close97.281Dec 27, 2013Close96.688Jan 17, 2014Close100.000Feb 7, 2014Close101.469Feb 28, 2014Close102.938Mar 20, 2014Close101.563Apr 9, 2014Close103.375Apr 30, 2014Close105.344May 20, 2014Close107.219Jun 10, 2014Close105.500Jun 30, 2014Close107.906Jul 21, 2014Close109.438Aug 8, 2014Close110.000Aug 28, 2014Close113.281Sep 19, 2014Close108.844Oct 9, 2014Close113.406Oct 30, 2014Close113.813Nov 20, 2014Close113.469Dec 12, 2014Close120.250Jan 5, 2015Close123.688Jan 26, 2015Close128.563Feb 13, 2015Close122.906Mar 6, 2015Close118.500Mar 26, 2015Close123.594Apr 15, 2015Close124.875May 5, 2015Close117.063May 26, 2015Close116.688Jun 15, 2015Close112.563Jul 6, 2015Close112.875Jul 24, 2015Close115.594Aug 13, 2015Close118.063Sep 2, 2015Close115.469Sep 23, 2015Close116.156Oct 14, 2015Close118.875Nov 3, 2015Close115.594Nov 24, 2015Close115.344Dec 15, 2015Close115.813Jan 6, 2016Close116.906Jan 27, 2016Close120.031Feb 17, 2016Close123.594Mar 8, 2016Close124.188Mar 29, 2016Close124.688Apr 18, 2016Close125.000May 6, 2016Close124.438May 26, 2016Close123.750Jun 16, 2016Close130.000Jul 7, 2016Close135.688Jul 27, 2016Close133.500Aug 16, 2016Close131.563Sep 6, 2016Close132.750Sep 26, 2016Close130.438Oct 17, 2016Close125.813Nov 4, 2016Close124.906Nov 28, 2016Close115.125Dec 16, 2016Close110.844Jan 9, 2017Close115.219Jan 30, 2017Close112.781Feb 17, 2017Close113.688Mar 10, 2017Close110.656Mar 30, 2017Close113.469Apr 20, 2017Close116.406May 10, 2017Close113.438May 31, 2017Close117.031Jun 20, 2017Close119.750Jul 11, 2017Close115.938Jul 31, 2017Close116.531Aug 18, 2017Close119.094Sep 8, 2017Close121.250Sep 28, 2017Close116.969Oct 19, 2017Close117.781Nov 8, 2017Close118.625Nov 29, 2017Close117.781Dec 19, 2017Close117.500Jan 10, 2018Close116.188Jan 31, 2018Close114.906Feb 21, 2018Close109.469Mar 13, 2018Close111.813Apr 3, 2018Close113.156Apr 23, 2018Close110.813May 11, 2018Close111.500Jun 1, 2018Close112.594Jun 21, 2018Close112.563Jul 12, 2018Close114.281Aug 1, 2018Close110.844Aug 21, 2018Close113.250Sep 11, 2018Close110.875Oct 1, 2018Close108.813Oct 22, 2018Close106.219Nov 9, 2018Close106.000Dec 3, 2018Close108.313Dec 24, 2018Close113.438Jan 15, 2019Close111.906Feb 5, 2019Close112.750Feb 26, 2019Close113.281Mar 18, 2019Close113.344Apr 5, 2019Close115.469Apr 26, 2019Close115.094May 16, 2019Close116.813Jun 6, 2019Close121.156Jun 26, 2019Close122.250Jul 17, 2019Close122.281Aug 6, 2019Close129.188Aug 26, 2019Close133.813Sep 16, 2019Close127.844Oct 4, 2019Close134.313Oct 25, 2019Close127.750Nov 15, 2019Close126.906Dec 6, 2019Close127.344Dec 27, 2019Close126.531Jan 17, 2020Close126.656Feb 7, 2020Close132.406Feb 28, 2020Close141.813Mar 19, 2020Close136.438Apr 8, 2020Close149.250Apr 29, 2020Close152.063May 19, 2020Close148.469Jun 9, 2020Close144.406Jun 29, 2020Close149.469Jul 20, 2020Close151.344Aug 7, 2020Close153.688Aug 27, 2020Close146.813Sep 17, 2020Close149.188Oct 7, 2020Close145.156Oct 28, 2020Close146.313Nov 18, 2020Close144.875Dec 9, 2020Close143.125Dec 30, 2020Close143.531Jan 21, 2021Close138.438Feb 10, 2021Close137.000Mar 3, 2021Close128.781Mar 23, 2021Close126.594Apr 12, 2021Close126.594Apr 30, 2021Close127.375May 20, 2021Close126.250Jun 10, 2021Close130.031Jun 30, 2021Close131.313Jul 21, 2021Close134.188Aug 10, 2021Close133.188Aug 30, 2021Close135.063Sep 20, 2021Close135.906Oct 8, 2021Close128.938Oct 29, 2021Close131.719Nov 19, 2021Close132.156Dec 10, 2021Close132.719Dec 31, 2021Close132.313Jan 21, 2022Close128.250Feb 10, 2022Close122.906Mar 3, 2022Close123.438Mar 23, 2022Close117.469Apr 12, 2022Close111.313May 3, 2022Close107.750May 23, 2022Close106.688Jun 13, 2022Close100.563Jul 5, 2022Close106.156Jul 25, 2022Close106.375Aug 12, 2022Close105.406Sep 1, 2022Close100.969Sep 22, 2022Close97.125Oct 13, 2022Close92.469Nov 2, 2022Close90.281Nov 23, 2022Close95.875Dec 14, 2022Close99.531Jan 5, 2023Close96.375Jan 26, 2023Close99.500Feb 15, 2023Close96.188Mar 8, 2023Close94.688Mar 28, 2023Close97.281Apr 17, 2023Close97.375May 5, 2023Close98.563May 25, 2023Close94.094Jun 15, 2023Close96.094Jul 7, 2023Close92.531Jul 27, 2023Close92.688Aug 16, 2023Close89.031Sep 6, 2023Close88.906Sep 26, 2023Close85.188Oct 17, 2023Close82.250Nov 6, 2023Close83.844Nov 27, 2023Close86.969Dec 15, 2023Close93.531Jan 8, 2024Close92.031Jan 29, 2024Close90.875Feb 16, 2024Close88.844Mar 8, 2024Close91.469Mar 28, 2024Close90.438Apr 17, 2024Close86.188May 7, 2024Close87.594May 28, 2024Close86.938Jun 17, 2024Close89.719Jul 9, 2024Close88.875Jul 29, 2024Close89.906Aug 16, 2024Close93.031Sep 6, 2024Close95.000Sep 26, 2024Close94.094Oct 17, 2024Close90.813Nov 6, 2024Close87.750Nov 27, 2024Close89.750Dec 18, 2024Close87.188Jan 9, 2025Close84.688Jan 30, 2025Close86.750Feb 20, 2025Close87.031Mar 12, 2025Close88.344Apr 1, 2025Close89.875Apr 21, 2025Close85.344May 9, 2025Close86.344May 30, 2025Close85.500Jun 20, 2025Close86.000Jul 11, 2025Close85.375Jul 31, 2025Close86.313Aug 20, 2025Close86.531Sep 10, 2025Close89.156Sep 30, 2025Close88.500Oct 21, 2025Close90.656Nov 10, 2025Close88.813Dec 2, 2025Close88.563Dec 22, 2025Close87.625Jan 13, 2026Close88.125Feb 3, 2026Close87.219Feb 24, 2026Close89.656Mar 16, 2026Close87.406Apr 3, 2026Close86.563Apr 23, 2026Close86.719May 13, 2026Close85.438Jun 3, 2026Close85.813Jun 24, 2026Close87.188Jul 15, 2026Close85.063Aug 4, 2026Close83.938Aug 24, 2026Close83.719Sep 9, 2026Close83.094
The most recent 20 trading days of prices for 912810RD2.
DateBidOfferClose
Sep 9, 202682.87582.81383.094
Sep 8, 202683.50083.46983.313
Sep 4, 202683.51683.46983.438
Sep 3, 202683.62583.59483.438
Sep 2, 202683.15683.12583.188
Sep 1, 202683.50083.46983.156
Aug 31, 202683.37583.34483.469
Aug 28, 202684.09484.06383.750
Aug 27, 202684.25084.21984.063
Aug 26, 202684.21984.18884.156
Aug 25, 202684.31384.28184.344
Aug 24, 202683.89183.84483.719
Aug 21, 202683.37583.34483.250
Aug 20, 202683.56383.53183.719
Aug 19, 202683.98483.93884.094
Aug 18, 202682.96982.93883.063
Aug 17, 202683.09483.06382.813
Aug 14, 202683.28183.25083.313
Aug 13, 202683.79783.75083.813
Aug 12, 202683.53183.50083.344

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 912810RD2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 14, 2013Nov 15, 2013New issue$16.0bn$16.0bn2.16x3.810%
Dec 12, 2013Dec 16, 2013Reopening$13.0bn$13.0bn2.35x3.900%
Jan 9, 2014Jan 15, 2014Reopening$13.0bn$13.0bn2.57x3.899%

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.