Treasury bond

912810RH3 · 3.125% due August 15, 2044

Original term
30-Year
Maturity
Aug 15, 2044
Coupon
3.125%
Pays
Semi-Annual
Dated
Aug 15, 2014
First coupon
Feb 15, 2015
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$42.00bn
Held stripped
$3.45bn
Share stripped
8.22%

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
5.293%
Modified duration
12.730 yr
DV01
0.0959
Convexity
204.360
Dirty price
75.315

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 12.956 years against a modified duration of 12.730.

Against the fitted curve

Priced 2.1 bp cheap to the curve on that day, 20.46 cents per 100 of face.

That is -0.82 standard deviations from its own typical residual.

Yield to maturity, 3,017 observations

1%2%3%4%5%6%Aug 15, 2014Sep 9, 2026Aug 15, 2014Yield to maturity3.135%Sep 4, 2014Yield to maturity3.207%Sep 24, 2014Yield to maturity3.280%Oct 14, 2014Yield to maturity2.951%Oct 31, 2014Yield to maturity3.072%Nov 20, 2014Yield to maturity3.061%Dec 11, 2014Yield to maturity2.837%Dec 31, 2014Yield to maturity2.747%Jan 21, 2015Yield to maturity2.441%Feb 9, 2015Yield to maturity2.525%Feb 27, 2015Yield to maturity2.593%Mar 18, 2015Yield to maturity2.512%Apr 6, 2015Yield to maturity2.564%Apr 23, 2015Yield to maturity2.623%May 12, 2015Yield to maturity3.017%Jun 1, 2015Yield to maturity2.953%Jun 18, 2015Yield to maturity3.153%Jul 8, 2015Yield to maturity3.007%Jul 27, 2015Yield to maturity2.940%Aug 13, 2015Yield to maturity2.867%Sep 1, 2015Yield to maturity2.940%Sep 21, 2015Yield to maturity3.025%Oct 8, 2015Yield to maturity2.952%Oct 28, 2015Yield to maturity2.872%Nov 17, 2015Yield to maturity3.040%Dec 7, 2015Yield to maturity2.954%Dec 24, 2015Yield to maturity2.956%Jan 14, 2016Yield to maturity2.875%Feb 3, 2016Yield to maturity2.680%Feb 23, 2016Yield to maturity2.560%Mar 11, 2016Yield to maturity2.719%Mar 31, 2016Yield to maturity2.586%Apr 19, 2016Yield to maturity2.567%May 6, 2016Yield to maturity2.588%May 25, 2016Yield to maturity2.641%Jun 14, 2016Yield to maturity2.397%Jul 1, 2016Yield to maturity2.209%Jul 21, 2016Yield to maturity2.269%Aug 9, 2016Yield to maturity2.222%Aug 26, 2016Yield to maturity2.265%Sep 15, 2016Yield to maturity2.457%Oct 4, 2016Yield to maturity2.375%Oct 24, 2016Yield to maturity2.488%Nov 10, 2016Yield to maturity2.915%Dec 1, 2016Yield to maturity3.096%Dec 20, 2016Yield to maturity3.157%Jan 10, 2017Yield to maturity2.963%Jan 30, 2017Yield to maturity3.081%Feb 16, 2017Yield to maturity3.054%Mar 8, 2017Yield to maturity3.149%Mar 27, 2017Yield to maturity2.986%Apr 13, 2017Yield to maturity2.887%May 3, 2017Yield to maturity2.965%May 22, 2017Yield to maturity2.896%Jun 9, 2017Yield to maturity2.848%Jun 28, 2017Yield to maturity2.760%Jul 18, 2017Yield to maturity2.833%Aug 4, 2017Yield to maturity2.820%Aug 23, 2017Yield to maturity2.724%Sep 12, 2017Yield to maturity2.744%Sep 29, 2017Yield to maturity2.834%Oct 19, 2017Yield to maturity2.803%Nov 7, 2017Yield to maturity2.744%Nov 27, 2017Yield to maturity2.745%Dec 14, 2017Yield to maturity2.693%Jan 4, 2018Yield to maturity2.773%Jan 24, 2018Yield to maturity2.918%Feb 12, 2018Yield to maturity3.132%Mar 2, 2018Yield to maturity3.130%Mar 21, 2018Yield to maturity3.118%Apr 10, 2018Yield to maturity3.006%Apr 27, 2018Yield to maturity3.118%May 16, 2018Yield to maturity3.208%Jun 5, 2018Yield to maturity3.064%Jun 22, 2018Yield to maturity3.036%Jul 12, 2018Yield to maturity2.947%Jul 31, 2018Yield to maturity3.081%Aug 17, 2018Yield to maturity3.020%Sep 6, 2018Yield to maturity3.055%Sep 25, 2018Yield to maturity3.225%Oct 15, 2018Yield to maturity3.335%Nov 1, 2018Yield to maturity3.384%Nov 21, 2018Yield to maturity3.312%Dec 12, 2018Yield to maturity3.143%Jan 2, 2019Yield to maturity2.962%Jan 22, 2019Yield to maturity3.049%Feb 8, 2019Yield to maturity2.948%Feb 28, 2019Yield to maturity3.089%Mar 19, 2019Yield to maturity3.005%Apr 5, 2019Yield to maturity2.884%Apr 25, 2019Yield to maturity2.923%May 14, 2019Yield to maturity2.831%Jun 3, 2019Yield to maturity2.511%Jun 20, 2019Yield to maturity2.504%Jul 10, 2019Yield to maturity2.544%Jul 29, 2019Yield to maturity2.558%Aug 15, 2019Yield to maturity1.952%Sep 4, 2019Yield to maturity1.936%Sep 23, 2019Yield to maturity2.140%Oct 10, 2019Yield to maturity2.122%Oct 30, 2019Yield to maturity2.241%Nov 19, 2019Yield to maturity2.247%Dec 9, 2019Yield to maturity2.259%Dec 27, 2019Yield to maturity2.311%Jan 16, 2020Yield to maturity2.252%Feb 5, 2020Yield to maturity2.139%Feb 25, 2020Yield to maturity1.792%Mar 13, 2020Yield to maturity1.588%Apr 1, 2020Yield to maturity1.251%Apr 21, 2020Yield to maturity1.142%May 8, 2020Yield to maturity1.365%May 28, 2020Yield to maturity1.411%Jun 16, 2020Yield to maturity1.475%Jul 6, 2020Yield to maturity1.384%Jul 23, 2020Yield to maturity1.177%Aug 11, 2020Yield to maturity1.243%Aug 28, 2020Yield to maturity1.436%Sep 17, 2020Yield to maturity1.324%Oct 6, 2020Yield to maturity1.443%Oct 26, 2020Yield to maturity1.463%Nov 13, 2020Yield to maturity1.506%Dec 3, 2020Yield to maturity1.540%Dec 22, 2020Yield to maturity1.519%Jan 12, 2021Yield to maturity1.752%Feb 1, 2021Yield to maturity1.720%Feb 19, 2021Yield to maturity2.037%Mar 10, 2021Yield to maturity2.184%Mar 29, 2021Yield to maturity2.368%Apr 15, 2021Yield to maturity2.161%May 4, 2021Yield to maturity2.203%May 21, 2021Yield to maturity2.276%Jun 10, 2021Yield to maturity2.098%Jun 29, 2021Yield to maturity2.067%Jul 19, 2021Yield to maturity1.775%Aug 5, 2021Yield to maturity1.815%Aug 24, 2021Yield to maturity1.856%Sep 13, 2021Yield to maturity1.856%Sep 30, 2021Yield to maturity2.045%Oct 20, 2021Yield to maturity2.106%Nov 8, 2021Yield to maturity1.918%Nov 29, 2021Yield to maturity1.937%Dec 16, 2021Yield to maturity1.918%Jan 5, 2022Yield to maturity2.133%Jan 25, 2022Yield to maturity2.187%Feb 11, 2022Yield to maturity2.344%Mar 3, 2022Yield to maturity2.383%Mar 22, 2022Yield to maturity2.755%Apr 8, 2022Yield to maturity2.984%Apr 28, 2022Yield to maturity3.148%May 17, 2022Yield to maturity3.434%Jun 6, 2022Yield to maturity3.478%Jun 24, 2022Yield to maturity3.568%Jul 14, 2022Yield to maturity3.425%Aug 2, 2022Yield to maturity3.300%Aug 19, 2022Yield to maturity3.551%Sep 8, 2022Yield to maturity3.781%Sep 27, 2022Yield to maturity4.226%Oct 17, 2022Yield to maturity4.378%Nov 3, 2022Yield to maturity4.505%Nov 23, 2022Yield to maturity4.078%Dec 13, 2022Yield to maturity3.807%Jan 3, 2023Yield to maturity4.133%Jan 23, 2023Yield to maturity3.853%Feb 9, 2023Yield to maturity3.942%Mar 1, 2023Yield to maturity4.224%Mar 20, 2023Yield to maturity3.889%Apr 6, 2023Yield to maturity3.722%Apr 25, 2023Yield to maturity3.817%May 12, 2023Yield to maturity3.921%Jun 1, 2023Yield to maturity4.024%Jun 21, 2023Yield to maturity4.026%Jul 11, 2023Yield to maturity4.262%Jul 28, 2023Yield to maturity4.261%Aug 16, 2023Yield to maturity4.589%Sep 5, 2023Yield to maturity4.605%Sep 22, 2023Yield to maturity4.755%Oct 12, 2023Yield to maturity5.104%Oct 31, 2023Yield to maturity5.261%Nov 17, 2023Yield to maturity4.842%Dec 7, 2023Yield to maturity4.480%Dec 27, 2023Yield to maturity4.155%Jan 17, 2024Yield to maturity4.477%Feb 5, 2024Yield to maturity4.501%Feb 23, 2024Yield to maturity4.571%Mar 13, 2024Yield to maturity4.495%Apr 1, 2024Yield to maturity4.611%Apr 18, 2024Yield to maturity4.889%May 7, 2024Yield to maturity4.733%May 24, 2024Yield to maturity4.708%Jun 13, 2024Yield to maturity4.545%Jul 3, 2024Yield to maturity4.680%Jul 23, 2024Yield to maturity4.611%Aug 9, 2024Yield to maturity4.365%Aug 28, 2024Yield to maturity4.268%Sep 17, 2024Yield to maturity4.073%Oct 4, 2024Yield to maturity4.380%Oct 24, 2024Yield to maturity4.596%Nov 13, 2024Yield to maturity4.779%Dec 3, 2024Yield to maturity4.563%Dec 20, 2024Yield to maturity4.861%Jan 10, 2025Yield to maturity5.087%Jan 30, 2025Yield to maturity4.853%Feb 19, 2025Yield to maturity4.856%Mar 10, 2025Yield to maturity4.633%Mar 27, 2025Yield to maturity4.798%Apr 15, 2025Yield to maturity4.880%May 2, 2025Yield to maturity4.860%May 21, 2025Yield to maturity5.168%Jun 10, 2025Yield to maturity5.010%Jun 30, 2025Yield to maturity4.832%Jul 18, 2025Yield to maturity5.042%Aug 6, 2025Yield to maturity4.836%Aug 25, 2025Yield to maturity4.907%Sep 12, 2025Yield to maturity4.680%Oct 1, 2025Yield to maturity4.717%Oct 21, 2025Yield to maturity4.546%Nov 7, 2025Yield to maturity4.694%Nov 28, 2025Yield to maturity4.666%Dec 17, 2025Yield to maturity4.821%Jan 7, 2026Yield to maturity4.783%Jan 27, 2026Yield to maturity4.813%Feb 13, 2026Yield to maturity4.656%Mar 5, 2026Yield to maturity4.729%Mar 24, 2026Yield to maturity4.993%Apr 10, 2026Yield to maturity4.920%Apr 29, 2026Yield to maturity4.997%May 18, 2026Yield to maturity5.167%Jun 5, 2026Yield to maturity5.048%Jun 25, 2026Yield to maturity4.883%Jul 15, 2026Yield to maturity5.094%Aug 3, 2026Yield to maturity5.261%Aug 20, 2026Yield to maturity5.230%Sep 9, 2026Yield to maturity5.293%

Price history

3,017 trading days to Sep 9, 2026

6080100120140160Aug 15, 2014Sep 9, 2026Aug 15, 2014Close99.813Sep 4, 2014Close98.438Sep 24, 2014Close97.063Oct 14, 2014Close103.438Oct 31, 2014Close101.031Nov 20, 2014Close101.250Dec 11, 2014Close105.750Dec 31, 2014Close107.625Jan 21, 2015Close114.344Feb 9, 2015Close112.438Feb 27, 2015Close110.906Mar 18, 2015Close112.688Apr 6, 2015Close111.531Apr 23, 2015Close110.219May 12, 2015Close102.094Jun 1, 2015Close103.344Jun 18, 2015Close99.469Jul 8, 2015Close102.281Jul 27, 2015Close103.594Aug 13, 2015Close105.063Sep 1, 2015Close103.594Sep 21, 2015Close101.906Oct 8, 2015Close103.344Oct 28, 2015Close104.938Nov 17, 2015Close101.625Dec 7, 2015Close103.281Dec 24, 2015Close103.250Jan 14, 2016Close104.844Feb 3, 2016Close108.844Feb 23, 2016Close111.375Mar 11, 2016Close108.000Mar 31, 2016Close110.781Apr 19, 2016Close111.188May 6, 2016Close110.719May 25, 2016Close109.594Jun 14, 2016Close114.844Jul 1, 2016Close119.094Jul 21, 2016Close117.688Aug 9, 2016Close118.750Aug 26, 2016Close117.750Sep 15, 2016Close113.438Oct 4, 2016Close115.219Oct 24, 2016Close112.719Nov 10, 2016Close103.969Dec 1, 2016Close100.531Dec 20, 2016Close99.406Jan 10, 2017Close103.031Jan 30, 2017Close100.813Feb 16, 2017Close101.313Mar 8, 2017Close99.563Mar 27, 2017Close102.594Apr 13, 2017Close104.469May 3, 2017Close102.969May 22, 2017Close104.281Jun 9, 2017Close105.219Jun 28, 2017Close106.938Jul 18, 2017Close105.500Aug 4, 2017Close105.750Aug 23, 2017Close107.625Sep 12, 2017Close107.219Sep 29, 2017Close105.438Oct 19, 2017Close106.031Nov 7, 2017Close107.188Nov 27, 2017Close107.156Dec 14, 2017Close108.188Jan 4, 2018Close106.594Jan 24, 2018Close103.813Feb 12, 2018Close99.875Mar 2, 2018Close99.906Mar 21, 2018Close100.125Apr 10, 2018Close102.156Apr 27, 2018Close100.125May 16, 2018Close98.531Jun 5, 2018Close101.094Jun 22, 2018Close101.594Jul 12, 2018Close103.219Jul 31, 2018Close100.781Aug 17, 2018Close101.875Sep 6, 2018Close101.250Sep 25, 2018Close98.250Oct 15, 2018Close96.375Nov 1, 2018Close95.563Nov 21, 2018Close96.781Dec 12, 2018Close99.688Jan 2, 2019Close102.906Jan 22, 2019Close101.344Feb 8, 2019Close103.156Feb 28, 2019Close100.625Mar 19, 2019Close102.125Apr 5, 2019Close104.313Apr 25, 2019Close103.594May 14, 2019Close105.281Jun 3, 2019Close111.406Jun 20, 2019Close111.531Jul 10, 2019Close110.719Jul 29, 2019Close110.438Aug 15, 2019Close123.125Sep 4, 2019Close123.438Sep 23, 2019Close118.938Oct 10, 2019Close119.281Oct 30, 2019Close116.750Nov 19, 2019Close116.594Dec 9, 2019Close116.313Dec 27, 2019Close115.219Jan 16, 2020Close116.406Feb 5, 2020Close118.750Feb 25, 2020Close126.313Mar 13, 2020Close131.000Apr 1, 2020Close139.250Apr 21, 2020Close142.000May 8, 2020Close136.250May 28, 2020Close135.063Jun 16, 2020Close133.438Jul 6, 2020Close135.594Jul 23, 2020Close140.719Aug 11, 2020Close138.969Aug 28, 2020Close134.125Sep 17, 2020Close136.813Oct 6, 2020Close133.844Oct 26, 2020Close133.313Nov 13, 2020Close132.219Dec 3, 2020Close131.375Dec 22, 2020Close131.813Jan 12, 2021Close126.438Feb 1, 2021Close127.094Feb 19, 2021Close120.219Mar 10, 2021Close117.188Mar 29, 2021Close113.531Apr 15, 2021Close117.594May 4, 2021Close116.719May 21, 2021Close115.250Jun 10, 2021Close118.781Jun 29, 2021Close119.375Jul 19, 2021Close125.469Aug 5, 2021Close124.563Aug 24, 2021Close123.656Sep 13, 2021Close123.594Sep 30, 2021Close119.656Oct 20, 2021Close118.375Nov 8, 2021Close122.188Nov 29, 2021Close121.750Dec 16, 2021Close122.094Jan 5, 2022Close117.719Jan 25, 2022Close116.625Feb 11, 2022Close113.594Mar 3, 2022Close112.844Mar 22, 2022Close106.156Apr 8, 2022Close102.281Apr 28, 2022Close99.625May 17, 2022Close95.219Jun 6, 2022Close94.563Jun 24, 2022Close93.250Jul 14, 2022Close95.375Aug 2, 2022Close97.281Aug 19, 2022Close93.531Sep 8, 2022Close90.281Sep 27, 2022Close84.375Oct 17, 2022Close82.500Nov 3, 2022Close80.969Nov 23, 2022Close86.344Dec 13, 2022Close90.000Jan 3, 2023Close85.688Jan 23, 2023Close89.406Feb 9, 2023Close88.219Mar 1, 2023Close84.594Mar 20, 2023Close88.969Apr 6, 2023Close91.250Apr 25, 2023Close89.969May 12, 2023Close88.594Jun 1, 2023Close87.250Jun 21, 2023Close87.250Jul 11, 2023Close84.281Jul 28, 2023Close84.313Aug 16, 2023Close80.406Sep 5, 2023Close80.250Sep 22, 2023Close78.563Oct 12, 2023Close74.781Oct 31, 2023Close73.188Nov 17, 2023Close77.688Dec 7, 2023Close81.844Dec 27, 2023Close85.813Jan 17, 2024Close81.938Feb 5, 2024Close81.688Feb 23, 2024Close80.906Mar 13, 2024Close81.813Apr 1, 2024Close80.500Apr 18, 2024Close77.438May 7, 2024Close79.188May 24, 2024Close79.500Jun 13, 2024Close81.375Jul 3, 2024Close79.875Jul 23, 2024Close80.688Aug 9, 2024Close83.563Aug 28, 2024Close84.750Sep 17, 2024Close87.156Oct 4, 2024Close83.469Oct 24, 2024Close81.000Nov 13, 2024Close79.000Dec 3, 2024Close81.438Dec 20, 2024Close78.188Jan 10, 2025Close75.844Jan 30, 2025Close78.344Feb 19, 2025Close78.344Mar 10, 2025Close80.813Mar 27, 2025Close79.031Apr 15, 2025Close78.188May 2, 2025Close78.438May 21, 2025Close75.281Jun 10, 2025Close76.938Jun 30, 2025Close78.844Jul 18, 2025Close76.688Aug 6, 2025Close78.875Aug 25, 2025Close78.156Sep 12, 2025Close80.625Oct 1, 2025Close80.250Oct 21, 2025Close82.156Nov 7, 2025Close80.563Nov 28, 2025Close80.906Dec 17, 2025Close79.281Jan 7, 2026Close79.719Jan 27, 2026Close79.438Feb 13, 2026Close81.156Mar 5, 2026Close80.406Mar 24, 2026Close77.688Apr 10, 2026Close78.469Apr 29, 2026Close77.719May 18, 2026Close76.063Jun 5, 2026Close77.281Jun 25, 2026Close79.000Jul 15, 2026Close76.906Aug 3, 2026Close75.313Aug 20, 2026Close75.656Sep 9, 2026Close75.094
The most recent 20 trading days of prices for 912810RH3.
DateBidOfferClose
Sep 9, 202674.87574.81375.094
Sep 8, 202675.46975.43875.281
Sep 4, 202675.50075.46975.406
Sep 3, 202675.60975.56375.406
Sep 2, 202675.17275.12575.156
Sep 1, 202675.43875.40675.156
Aug 31, 202675.34475.31375.406
Aug 28, 202676.03176.00075.719
Aug 27, 202676.15676.12575.969
Aug 26, 202676.15676.12576.094
Aug 25, 202676.21976.18876.219
Aug 24, 202675.84475.81375.656
Aug 21, 202675.32875.28175.219
Aug 20, 202675.50075.46975.656
Aug 19, 202675.89175.84476.000
Aug 18, 202674.90674.87575.031
Aug 17, 202675.01674.96974.750
Aug 14, 202675.21975.18875.219
Aug 13, 202675.70375.65675.719
Aug 12, 202675.43875.40675.281

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 912810RH3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 14, 2014Aug 15, 2014New issue$16.0bn$16.0bn2.60x3.224%
Sep 11, 2014Sep 15, 2014Reopening$13.0bn$13.0bn2.67x3.240%
Oct 9, 2014Oct 15, 2014Reopening$13.0bn$13.0bn2.40x3.074%

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.