Treasury bond

912810RE0 · 3.625% due February 15, 2044

Original term
30-Year
Maturity
Feb 15, 2044
Coupon
3.625%
Pays
Semi-Annual
Dated
Feb 15, 2014
First coupon
Aug 15, 2014
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$41.84bn
Held stripped
$3.71bn
Share stripped
8.87%

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
5.268%
Modified duration
12.153 yr
DV01
0.0992
Convexity
188.194
Dirty price
81.662

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 12.370 years against a modified duration of 12.153.

Against the fitted curve

Priced 2.6 bp cheap to the curve on that day, 25.46 cents per 100 of face.

That is -0.88 standard deviations from its own typical residual.

Yield to maturity, 3,142 observations

1%2%3%4%5%6%Feb 18, 2014Sep 9, 2026Feb 18, 2014Yield to maturity3.684%Mar 10, 2014Yield to maturity3.726%Mar 28, 2014Yield to maturity3.548%Apr 17, 2014Yield to maturity3.516%May 8, 2014Yield to maturity3.431%May 29, 2014Yield to maturity3.297%Jun 18, 2014Yield to maturity3.416%Jul 9, 2014Yield to maturity3.360%Jul 29, 2014Yield to maturity3.212%Aug 18, 2014Yield to maturity3.183%Sep 8, 2014Yield to maturity3.219%Sep 29, 2014Yield to maturity3.173%Oct 20, 2014Yield to maturity2.951%Nov 7, 2014Yield to maturity3.032%Dec 2, 2014Yield to maturity2.990%Dec 22, 2014Yield to maturity2.740%Jan 13, 2015Yield to maturity2.480%Feb 3, 2015Yield to maturity2.362%Feb 24, 2015Yield to maturity2.590%Mar 16, 2015Yield to maturity2.659%Apr 3, 2015Yield to maturity2.475%Apr 23, 2015Yield to maturity2.611%May 13, 2015Yield to maturity3.054%Jun 3, 2015Yield to maturity3.113%Jun 23, 2015Yield to maturity3.203%Jul 14, 2015Yield to maturity3.191%Aug 3, 2015Yield to maturity2.840%Aug 21, 2015Yield to maturity2.716%Sep 11, 2015Yield to maturity2.937%Oct 1, 2015Yield to maturity2.822%Oct 22, 2015Yield to maturity2.820%Nov 12, 2015Yield to maturity3.051%Dec 3, 2015Yield to maturity3.027%Dec 23, 2015Yield to maturity2.944%Jan 14, 2016Yield to maturity2.828%Feb 4, 2016Yield to maturity2.629%Feb 25, 2016Yield to maturity2.492%Mar 16, 2016Yield to maturity2.652%Apr 6, 2016Yield to maturity2.513%Apr 26, 2016Yield to maturity2.689%May 16, 2016Yield to maturity2.520%Jun 6, 2016Yield to maturity2.473%Jun 24, 2016Yield to maturity2.335%Jul 15, 2016Yield to maturity2.228%Aug 4, 2016Yield to maturity2.178%Aug 24, 2016Yield to maturity2.176%Sep 14, 2016Yield to maturity2.381%Oct 4, 2016Yield to maturity2.345%Oct 25, 2016Yield to maturity2.443%Nov 15, 2016Yield to maturity2.921%Dec 6, 2016Yield to maturity3.039%Dec 27, 2016Yield to maturity3.129%Jan 18, 2017Yield to maturity2.975%Feb 7, 2017Yield to maturity2.994%Feb 28, 2017Yield to maturity2.953%Mar 20, 2017Yield to maturity3.073%Apr 7, 2017Yield to maturity2.990%Apr 28, 2017Yield to maturity2.930%May 18, 2017Yield to maturity2.876%Jun 8, 2017Yield to maturity2.820%Jun 28, 2017Yield to maturity2.744%Jul 19, 2017Yield to maturity2.813%Aug 8, 2017Yield to maturity2.827%Aug 28, 2017Yield to maturity2.718%Sep 18, 2017Yield to maturity2.762%Oct 6, 2017Yield to maturity2.866%Oct 27, 2017Yield to maturity2.892%Nov 16, 2017Yield to maturity2.782%Dec 7, 2017Yield to maturity2.736%Dec 28, 2017Yield to maturity2.732%Jan 19, 2018Yield to maturity2.896%Feb 8, 2018Yield to maturity3.119%Mar 1, 2018Yield to maturity3.077%Mar 21, 2018Yield to maturity3.113%Apr 11, 2018Yield to maturity2.978%May 1, 2018Yield to maturity3.116%May 21, 2018Yield to maturity3.192%Jun 11, 2018Yield to maturity3.091%Jun 29, 2018Yield to maturity2.977%Jul 20, 2018Yield to maturity3.027%Aug 9, 2018Yield to maturity3.069%Aug 29, 2018Yield to maturity3.019%Sep 19, 2018Yield to maturity3.226%Oct 10, 2018Yield to maturity3.394%Oct 30, 2018Yield to maturity3.356%Nov 20, 2018Yield to maturity3.309%Dec 12, 2018Yield to maturity3.143%Jan 3, 2019Yield to maturity2.901%Jan 24, 2019Yield to maturity3.019%Feb 13, 2019Yield to maturity3.012%Mar 6, 2019Yield to maturity3.050%Mar 26, 2019Yield to maturity2.829%Apr 15, 2019Yield to maturity2.927%May 6, 2019Yield to maturity2.877%May 24, 2019Yield to maturity2.723%Jun 14, 2019Yield to maturity2.554%Jul 5, 2019Yield to maturity2.505%Jul 25, 2019Yield to maturity2.561%Aug 14, 2019Yield to maturity1.984%Sep 4, 2019Yield to maturity1.921%Sep 24, 2019Yield to maturity2.060%Oct 15, 2019Yield to maturity2.198%Nov 4, 2019Yield to maturity2.245%Nov 25, 2019Yield to maturity2.195%Dec 16, 2019Yield to maturity2.289%Jan 7, 2020Yield to maturity2.290%Jan 28, 2020Yield to maturity2.091%Feb 18, 2020Yield to maturity1.986%Mar 9, 2020Yield to maturity1.078%Mar 27, 2020Yield to maturity1.262%Apr 17, 2020Yield to maturity1.222%May 7, 2020Yield to maturity1.260%May 28, 2020Yield to maturity1.389%Jun 17, 2020Yield to maturity1.436%Jul 8, 2020Yield to maturity1.305%Jul 28, 2020Yield to maturity1.132%Aug 17, 2020Yield to maturity1.325%Sep 4, 2020Yield to maturity1.344%Sep 25, 2020Yield to maturity1.274%Oct 16, 2020Yield to maturity1.377%Nov 5, 2020Yield to maturity1.376%Nov 27, 2020Yield to maturity1.422%Dec 17, 2020Yield to maturity1.525%Jan 8, 2021Yield to maturity1.718%Jan 29, 2021Yield to maturity1.719%Feb 19, 2021Yield to maturity2.009%Mar 11, 2021Yield to maturity2.195%Mar 31, 2021Yield to maturity2.326%Apr 20, 2021Yield to maturity2.171%May 10, 2021Yield to maturity2.225%May 28, 2021Yield to maturity2.189%Jun 18, 2021Yield to maturity1.964%Jul 9, 2021Yield to maturity1.925%Jul 29, 2021Yield to maturity1.850%Aug 18, 2021Yield to maturity1.827%Sep 8, 2021Yield to maturity1.882%Sep 28, 2021Yield to maturity2.020%Oct 19, 2021Yield to maturity2.061%Nov 8, 2021Yield to maturity1.908%Nov 30, 2021Yield to maturity1.851%Dec 20, 2021Yield to maturity1.897%Jan 10, 2022Yield to maturity2.151%Jan 31, 2022Yield to maturity2.180%Feb 18, 2022Yield to maturity2.350%Mar 11, 2022Yield to maturity2.493%Mar 31, 2022Yield to maturity2.625%Apr 21, 2022Yield to maturity3.162%May 11, 2022Yield to maturity3.299%Jun 1, 2022Yield to maturity3.358%Jun 22, 2022Yield to maturity3.531%Jul 13, 2022Yield to maturity3.391%Aug 2, 2022Yield to maturity3.275%Aug 22, 2022Yield to maturity3.552%Sep 12, 2022Yield to maturity3.831%Sep 30, 2022Yield to maturity4.139%Oct 21, 2022Yield to maturity4.630%Nov 10, 2022Yield to maturity4.324%Dec 2, 2022Yield to maturity3.853%Dec 22, 2022Yield to maturity3.979%Jan 13, 2023Yield to maturity3.829%Feb 3, 2023Yield to maturity3.805%Feb 24, 2023Yield to maturity4.167%Mar 16, 2023Yield to maturity3.911%Apr 5, 2023Yield to maturity3.716%Apr 25, 2023Yield to maturity3.802%May 15, 2023Yield to maturity3.956%Jun 5, 2023Yield to maturity4.063%Jun 26, 2023Yield to maturity4.036%Jul 17, 2023Yield to maturity4.150%Aug 4, 2023Yield to maturity4.403%Aug 24, 2023Yield to maturity4.543%Sep 14, 2023Yield to maturity4.615%Oct 4, 2023Yield to maturity5.104%Oct 25, 2023Yield to maturity5.327%Nov 14, 2023Yield to maturity4.841%Dec 5, 2023Yield to maturity4.536%Dec 26, 2023Yield to maturity4.255%Jan 17, 2024Yield to maturity4.473%Feb 6, 2024Yield to maturity4.428%Feb 27, 2024Yield to maturity4.630%Mar 18, 2024Yield to maturity4.621%Apr 5, 2024Yield to maturity4.681%Apr 25, 2024Yield to maturity4.965%May 15, 2024Yield to maturity4.639%Jun 5, 2024Yield to maturity4.567%Jun 26, 2024Yield to maturity4.598%Jul 17, 2024Yield to maturity4.500%Aug 6, 2024Yield to maturity4.306%Aug 26, 2024Yield to maturity4.227%Sep 16, 2024Yield to maturity4.041%Oct 4, 2024Yield to maturity4.361%Oct 25, 2024Yield to maturity4.623%Nov 15, 2024Yield to maturity4.739%Dec 6, 2024Yield to maturity4.467%Dec 27, 2024Yield to maturity4.931%Jan 17, 2025Yield to maturity4.949%Feb 7, 2025Yield to maturity4.765%Feb 28, 2025Yield to maturity4.584%Mar 20, 2025Yield to maturity4.610%Apr 9, 2025Yield to maturity4.805%Apr 29, 2025Yield to maturity4.680%May 19, 2025Yield to maturity4.979%Jun 9, 2025Yield to maturity5.005%Jun 30, 2025Yield to maturity4.798%Jul 21, 2025Yield to maturity4.950%Aug 8, 2025Yield to maturity4.849%Aug 28, 2025Yield to maturity4.854%Sep 18, 2025Yield to maturity4.701%Oct 8, 2025Yield to maturity4.692%Oct 29, 2025Yield to maturity4.591%Nov 19, 2025Yield to maturity4.721%Dec 10, 2025Yield to maturity4.761%Dec 31, 2025Yield to maturity4.795%Jan 22, 2026Yield to maturity4.795%Feb 11, 2026Yield to maturity4.749%Mar 4, 2026Yield to maturity4.660%Mar 24, 2026Yield to maturity4.966%Apr 13, 2026Yield to maturity4.871%May 1, 2026Yield to maturity4.951%May 21, 2026Yield to maturity5.098%Jun 11, 2026Yield to maturity4.945%Jul 2, 2026Yield to maturity4.990%Jul 23, 2026Yield to maturity5.204%Aug 12, 2026Yield to maturity5.239%Sep 1, 2026Yield to maturity5.258%Sep 9, 2026Yield to maturity5.268%

Price history

3,142 trading days to Sep 9, 2026

6080100120140160Feb 18, 2014Sep 9, 2026Feb 18, 2014Close98.938Mar 10, 2014Close98.188Mar 28, 2014Close101.406Apr 17, 2014Close102.000May 8, 2014Close103.594May 29, 2014Close106.188Jun 18, 2014Close103.875Jul 9, 2014Close104.938Jul 29, 2014Close107.844Aug 18, 2014Close108.406Sep 8, 2014Close107.688Sep 29, 2014Close108.594Oct 20, 2014Close113.156Nov 7, 2014Close111.438Dec 2, 2014Close112.313Dec 22, 2014Close117.688Jan 13, 2015Close123.625Feb 3, 2015Close126.438Feb 24, 2015Close121.000Mar 16, 2015Close119.406Apr 3, 2015Close123.625Apr 23, 2015Close120.438May 13, 2015Close110.875Jun 3, 2015Close109.656Jun 23, 2015Close107.875Jul 14, 2015Close108.094Aug 3, 2015Close115.281Aug 21, 2015Close117.938Sep 11, 2015Close113.188Oct 1, 2015Close115.594Oct 22, 2015Close115.625Nov 12, 2015Close110.813Dec 3, 2015Close111.281Dec 23, 2015Close112.969Jan 14, 2016Close115.375Feb 4, 2016Close119.656Feb 25, 2016Close122.719Mar 16, 2016Close119.094Apr 6, 2016Close122.188Apr 26, 2016Close118.250May 16, 2016Close121.969Jun 6, 2016Close123.000Jun 24, 2016Close126.156Jul 15, 2016Close128.656Aug 4, 2016Close129.844Aug 24, 2016Close129.844Sep 14, 2016Close124.938Oct 4, 2016Close125.750Oct 25, 2016Close123.438Nov 15, 2016Close113.156Dec 6, 2016Close110.781Dec 27, 2016Close109.031Jan 18, 2017Close112.031Feb 7, 2017Close111.625Feb 28, 2017Close112.438Mar 20, 2017Close110.063Apr 7, 2017Close111.656Apr 28, 2017Close112.844May 18, 2017Close113.906Jun 8, 2017Close115.031Jun 28, 2017Close116.563Jul 19, 2017Close115.125Aug 8, 2017Close114.813Aug 28, 2017Close117.031Sep 18, 2017Close116.094Oct 6, 2017Close113.969Oct 27, 2017Close113.438Nov 16, 2017Close115.625Dec 7, 2017Close116.531Dec 28, 2017Close116.594Jan 19, 2018Close113.281Feb 8, 2018Close108.969Mar 1, 2018Close109.750Mar 21, 2018Close109.063Apr 11, 2018Close111.594May 1, 2018Close108.969May 21, 2018Close107.563Jun 11, 2018Close109.406Jun 29, 2018Close111.563Jul 20, 2018Close110.594Aug 9, 2018Close109.781Aug 29, 2018Close110.719Sep 19, 2018Close106.875Oct 10, 2018Close103.906Oct 30, 2018Close104.563Nov 20, 2018Close105.375Dec 12, 2018Close108.344Jan 3, 2019Close112.844Jan 24, 2019Close110.594Feb 13, 2019Close110.719Mar 6, 2019Close110.000Mar 26, 2019Close114.156Apr 15, 2019Close112.250May 6, 2019Close113.188May 24, 2019Close116.156Jun 14, 2019Close119.500Jul 5, 2019Close120.469Jul 25, 2019Close119.313Aug 14, 2019Close131.719Sep 4, 2019Close133.125Sep 24, 2019Close129.875Oct 15, 2019Close126.781Nov 4, 2019Close125.719Nov 25, 2019Close126.750Dec 16, 2019Close124.688Jan 7, 2020Close124.625Jan 28, 2020Close128.875Feb 18, 2020Close131.156Mar 9, 2020Close153.594Mar 27, 2020Close148.594Apr 17, 2020Close149.531May 7, 2020Close148.438May 28, 2020Close145.031Jun 17, 2020Close143.781Jul 8, 2020Close147.000Jul 28, 2020Close151.406Aug 17, 2020Close146.313Sep 4, 2020Close145.719Sep 25, 2020Close147.406Oct 16, 2020Close144.719Nov 5, 2020Close144.656Nov 27, 2020Close143.406Dec 17, 2020Close140.844Jan 8, 2021Close136.219Jan 29, 2021Close136.125Feb 19, 2021Close129.625Mar 11, 2021Close125.656Mar 31, 2021Close122.938Apr 20, 2021Close126.063May 10, 2021Close124.906May 28, 2021Close125.594Jun 18, 2021Close130.250Jul 9, 2021Close131.031Jul 29, 2021Close132.594Aug 18, 2021Close133.031Sep 8, 2021Close131.781Sep 28, 2021Close128.781Oct 19, 2021Close127.875Nov 8, 2021Close131.031Nov 30, 2021Close132.188Dec 20, 2021Close131.125Jan 10, 2022Close125.813Jan 31, 2022Close125.188Feb 18, 2022Close121.781Mar 11, 2022Close119.031Mar 31, 2022Close116.563Apr 21, 2022Close107.250May 11, 2022Close105.031Jun 1, 2022Close104.094Jun 22, 2022Close101.406Jul 13, 2022Close103.563Aug 2, 2022Close105.375Aug 22, 2022Close101.094Sep 12, 2022Close97.000Sep 30, 2022Close92.750Oct 21, 2022Close86.469Nov 10, 2022Close90.344Dec 2, 2022Close96.719Dec 22, 2022Close94.969Jan 13, 2023Close97.063Feb 3, 2023Close97.406Feb 24, 2023Close92.469Mar 16, 2023Close95.938Apr 5, 2023Close98.688Apr 25, 2023Close97.469May 15, 2023Close95.344Jun 5, 2023Close93.906Jun 26, 2023Close94.281Jul 17, 2023Close92.781Aug 4, 2023Close89.563Aug 24, 2023Close87.844Sep 14, 2023Close87.000Oct 4, 2023Close81.406Oct 25, 2023Close79.031Nov 14, 2023Close84.406Dec 5, 2023Close88.031Dec 26, 2023Close91.531Jan 17, 2024Close88.844Feb 6, 2024Close89.406Feb 27, 2024Close87.000Mar 18, 2024Close87.125Apr 5, 2024Close86.438Apr 25, 2024Close83.219May 15, 2024Close86.969Jun 5, 2024Close87.844Jun 26, 2024Close87.500Jul 17, 2024Close88.688Aug 6, 2024Close91.063Aug 26, 2024Close92.063Sep 16, 2024Close94.438Oct 4, 2024Close90.438Oct 25, 2024Close87.344Nov 15, 2024Close86.031Dec 6, 2024Close89.219Dec 27, 2024Close83.938Jan 17, 2025Close83.781Feb 7, 2025Close85.844Feb 28, 2025Close87.938Mar 20, 2025Close87.656Apr 9, 2025Close85.469Apr 29, 2025Close86.906May 19, 2025Close83.625Jun 9, 2025Close83.375Jun 30, 2025Close85.656Jul 21, 2025Close84.031Aug 8, 2025Close85.156Aug 28, 2025Close85.125Sep 18, 2025Close86.844Oct 8, 2025Close86.969Oct 29, 2025Close88.125Nov 19, 2025Close86.688Dec 10, 2025Close86.281Dec 31, 2025Close85.938Jan 22, 2026Close85.969Feb 11, 2026Close86.500Mar 4, 2026Close87.500Mar 24, 2026Close84.219Apr 13, 2026Close85.250May 1, 2026Close84.438May 21, 2026Close82.938Jun 11, 2026Close84.563Jul 2, 2026Close84.125Jul 23, 2026Close81.969Aug 12, 2026Close81.656Sep 1, 2026Close81.500Sep 9, 2026Close81.406
The most recent 20 trading days of prices for 912810RE0.
DateBidOfferClose
Sep 9, 202681.20381.15681.406
Sep 8, 202681.81381.78181.625
Sep 4, 202681.84481.81381.750
Sep 3, 202681.96981.93881.750
Sep 2, 202681.50081.46981.500
Sep 1, 202681.78181.75081.500
Aug 31, 202681.68881.65681.781
Aug 28, 202682.40682.37582.063
Aug 27, 202682.56382.53182.375
Aug 26, 202682.53182.50082.469
Aug 25, 202682.59482.56382.625
Aug 24, 202682.20382.15682.031
Aug 21, 202681.68881.65681.563
Aug 20, 202681.90681.87582.031
Aug 19, 202682.26682.21982.406
Aug 18, 202681.25081.21981.375
Aug 17, 202681.37581.34481.094
Aug 14, 202681.56381.53181.594
Aug 13, 202682.09482.06382.094
Aug 12, 202681.81381.78181.656

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 912810RE0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 13, 2014Feb 18, 2014New issue$16.0bn$16.0bn2.27x3.690%
Mar 13, 2014Mar 17, 2014Reopening$13.0bn$13.0bn2.35x3.630%
Apr 10, 2014Apr 15, 2014Reopening$13.0bn$13.0bn2.52x3.525%

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.