Treasury bond

912810RJ9 · 3% due November 15, 2044

Original term
30-Year
Maturity
Nov 15, 2044
Coupon
3.000%
Pays
Semi-Annual
Dated
Nov 15, 2014
First coupon
May 15, 2015
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$41.47bn
Held stripped
$3.53bn
Share stripped
8.51%

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
5.302%
Modified duration
12.812 yr
DV01
0.0952
Convexity
208.754
Dirty price
74.306

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 13.038 years against a modified duration of 12.812.

Against the fitted curve

Priced 2.0 bp cheap to the curve on that day, 18.78 cents per 100 of face.

That is -0.75 standard deviations from its own typical residual.

Yield to maturity, 2,955 observations

1%2%3%4%5%6%Nov 17, 2014Sep 9, 2026Nov 17, 2014Yield to maturity3.059%Dec 8, 2014Yield to maturity2.901%Dec 26, 2014Yield to maturity2.814%Jan 15, 2015Yield to maturity2.396%Feb 4, 2015Yield to maturity2.390%Feb 24, 2015Yield to maturity2.595%Mar 13, 2015Yield to maturity2.700%Apr 1, 2015Yield to maturity2.467%Apr 20, 2015Yield to maturity2.548%May 7, 2015Yield to maturity2.889%May 27, 2015Yield to maturity2.891%Jun 15, 2015Yield to maturity3.106%Jul 2, 2015Yield to maturity3.205%Jul 22, 2015Yield to maturity3.052%Aug 10, 2015Yield to maturity2.906%Aug 27, 2015Yield to maturity2.942%Sep 16, 2015Yield to maturity3.096%Oct 5, 2015Yield to maturity2.910%Oct 23, 2015Yield to maturity2.907%Nov 12, 2015Yield to maturity3.100%Dec 2, 2015Yield to maturity2.920%Dec 21, 2015Yield to maturity2.919%Jan 11, 2016Yield to maturity2.959%Jan 29, 2016Yield to maturity2.749%Feb 18, 2016Yield to maturity2.600%Mar 8, 2016Yield to maturity2.619%Mar 28, 2016Yield to maturity2.639%Apr 14, 2016Yield to maturity2.584%May 3, 2016Yield to maturity2.637%May 20, 2016Yield to maturity2.615%Jun 9, 2016Yield to maturity2.456%Jun 28, 2016Yield to maturity2.246%Jul 18, 2016Yield to maturity2.282%Aug 4, 2016Yield to maturity2.236%Aug 23, 2016Yield to maturity2.215%Sep 12, 2016Yield to maturity2.378%Sep 29, 2016Yield to maturity2.261%Oct 19, 2016Yield to maturity2.493%Nov 7, 2016Yield to maturity2.575%Nov 28, 2016Yield to maturity2.990%Dec 15, 2016Yield to maturity3.166%Jan 5, 2017Yield to maturity2.963%Jan 25, 2017Yield to maturity3.108%Feb 13, 2017Yield to maturity3.037%Mar 3, 2017Yield to maturity3.089%Mar 22, 2017Yield to maturity3.025%Apr 10, 2017Yield to maturity2.993%Apr 28, 2017Yield to maturity2.953%May 17, 2017Yield to maturity2.902%Jun 6, 2017Yield to maturity2.797%Jun 23, 2017Yield to maturity2.706%Jul 13, 2017Yield to maturity2.903%Aug 1, 2017Yield to maturity2.838%Aug 18, 2017Yield to maturity2.752%Sep 7, 2017Yield to maturity2.641%Sep 26, 2017Yield to maturity2.758%Oct 16, 2017Yield to maturity2.793%Nov 2, 2017Yield to maturity2.808%Nov 21, 2017Yield to maturity2.749%Dec 11, 2017Yield to maturity2.759%Dec 29, 2017Yield to maturity2.729%Jan 19, 2018Yield to maturity2.900%Feb 7, 2018Yield to maturity3.116%Feb 27, 2018Yield to maturity3.164%Mar 16, 2018Yield to maturity3.076%Apr 5, 2018Yield to maturity3.065%Apr 24, 2018Yield to maturity3.171%May 11, 2018Yield to maturity3.097%May 31, 2018Yield to maturity2.990%Jun 19, 2018Yield to maturity3.021%Jul 9, 2018Yield to maturity2.962%Jul 26, 2018Yield to maturity3.105%Aug 14, 2018Yield to maturity3.056%Aug 31, 2018Yield to maturity3.022%Sep 20, 2018Yield to maturity3.206%Oct 10, 2018Yield to maturity3.396%Oct 29, 2018Yield to maturity3.323%Nov 16, 2018Yield to maturity3.329%Dec 7, 2018Yield to maturity3.140%Dec 27, 2018Yield to maturity3.044%Jan 16, 2019Yield to maturity3.061%Feb 5, 2019Yield to maturity3.019%Feb 25, 2019Yield to maturity3.021%Mar 14, 2019Yield to maturity3.030%Apr 2, 2019Yield to maturity2.856%Apr 22, 2019Yield to maturity2.972%May 9, 2019Yield to maturity2.848%May 29, 2019Yield to maturity2.664%Jun 17, 2019Yield to maturity2.556%Jul 5, 2019Yield to maturity2.522%Jul 24, 2019Yield to maturity2.554%Aug 12, 2019Yield to maturity2.100%Aug 29, 2019Yield to maturity1.947%Sep 18, 2019Yield to maturity2.226%Oct 7, 2019Yield to maturity2.020%Oct 25, 2019Yield to maturity2.272%Nov 14, 2019Yield to maturity2.299%Dec 4, 2019Yield to maturity2.219%Dec 23, 2019Yield to maturity2.349%Jan 13, 2020Yield to maturity2.301%Jan 31, 2020Yield to maturity2.005%Feb 20, 2020Yield to maturity1.970%Mar 10, 2020Yield to maturity1.398%Mar 27, 2020Yield to maturity1.294%Apr 16, 2020Yield to maturity1.167%May 5, 2020Yield to maturity1.300%May 22, 2020Yield to maturity1.314%Jun 11, 2020Yield to maturity1.356%Jun 30, 2020Yield to maturity1.364%Jul 20, 2020Yield to maturity1.259%Aug 6, 2020Yield to maturity1.127%Aug 25, 2020Yield to maturity1.328%Sep 14, 2020Yield to maturity1.325%Oct 1, 2020Yield to maturity1.351%Oct 21, 2020Yield to maturity1.505%Nov 9, 2020Yield to maturity1.605%Nov 30, 2020Yield to maturity1.458%Dec 17, 2020Yield to maturity1.558%Jan 7, 2021Yield to maturity1.725%Jan 27, 2021Yield to maturity1.673%Feb 16, 2021Yield to maturity1.986%Mar 5, 2021Yield to maturity2.226%Mar 24, 2021Yield to maturity2.263%Apr 12, 2021Yield to maturity2.286%Apr 29, 2021Yield to maturity2.254%May 18, 2021Yield to maturity2.324%Jun 7, 2021Yield to maturity2.209%Jun 24, 2021Yield to maturity2.072%Jul 14, 2021Yield to maturity1.957%Aug 2, 2021Yield to maturity1.824%Aug 19, 2021Yield to maturity1.833%Sep 8, 2021Yield to maturity1.911%Sep 27, 2021Yield to maturity1.967%Oct 15, 2021Yield to maturity2.032%Nov 3, 2021Yield to maturity2.027%Nov 23, 2021Yield to maturity2.081%Dec 13, 2021Yield to maturity1.868%Dec 31, 2021Yield to maturity1.948%Jan 20, 2022Yield to maturity2.210%Feb 8, 2022Yield to maturity2.342%Feb 28, 2022Yield to maturity2.306%Mar 17, 2022Yield to maturity2.653%Apr 5, 2022Yield to maturity2.774%Apr 25, 2022Yield to maturity3.110%May 12, 2022Yield to maturity3.284%Jun 1, 2022Yield to maturity3.381%Jun 21, 2022Yield to maturity3.702%Jul 11, 2022Yield to maturity3.496%Jul 28, 2022Yield to maturity3.321%Aug 16, 2022Yield to maturity3.422%Sep 2, 2022Yield to maturity3.702%Sep 22, 2022Yield to maturity3.990%Oct 12, 2022Yield to maturity4.261%Oct 31, 2022Yield to maturity4.540%Nov 18, 2022Yield to maturity4.255%Dec 8, 2022Yield to maturity3.762%Dec 28, 2022Yield to maturity4.212%Jan 18, 2023Yield to maturity3.715%Feb 6, 2023Yield to maturity3.872%Feb 24, 2023Yield to maturity4.171%Mar 15, 2023Yield to maturity3.877%Apr 3, 2023Yield to maturity3.844%Apr 20, 2023Yield to maturity3.927%May 9, 2023Yield to maturity4.001%May 26, 2023Yield to maturity4.181%Jun 15, 2023Yield to maturity4.062%Jul 6, 2023Yield to maturity4.271%Jul 25, 2023Yield to maturity4.192%Aug 11, 2023Yield to maturity4.493%Aug 30, 2023Yield to maturity4.461%Sep 19, 2023Yield to maturity4.658%Oct 6, 2023Yield to maturity5.189%Oct 26, 2023Yield to maturity5.247%Nov 14, 2023Yield to maturity4.855%Dec 4, 2023Yield to maturity4.667%Dec 21, 2023Yield to maturity4.257%Jan 11, 2024Yield to maturity4.370%Jan 31, 2024Yield to maturity4.381%Feb 20, 2024Yield to maturity4.609%Mar 8, 2024Yield to maturity4.407%Mar 27, 2024Yield to maturity4.498%Apr 15, 2024Yield to maturity4.886%May 2, 2024Yield to maturity4.855%May 21, 2024Yield to maturity4.690%Jun 10, 2024Yield to maturity4.733%Jun 28, 2024Yield to maturity4.657%Jul 18, 2024Yield to maturity4.557%Aug 6, 2024Yield to maturity4.318%Aug 23, 2024Yield to maturity4.234%Sep 12, 2024Yield to maturity4.120%Oct 1, 2024Yield to maturity4.187%Oct 21, 2024Yield to maturity4.599%Nov 7, 2024Yield to maturity4.675%Nov 27, 2024Yield to maturity4.603%Dec 17, 2024Yield to maturity4.736%Jan 7, 2025Yield to maturity5.021%Jan 27, 2025Yield to maturity4.873%Feb 13, 2025Yield to maturity4.832%Mar 5, 2025Yield to maturity4.674%Mar 24, 2025Yield to maturity4.747%Apr 10, 2025Yield to maturity4.971%Apr 29, 2025Yield to maturity4.721%May 16, 2025Yield to maturity4.981%Jun 5, 2025Yield to maturity4.970%Jun 25, 2025Yield to maturity4.896%Jul 15, 2025Yield to maturity5.078%Aug 1, 2025Yield to maturity4.837%Aug 20, 2025Yield to maturity4.924%Sep 9, 2025Yield to maturity4.724%Sep 26, 2025Yield to maturity4.789%Oct 16, 2025Yield to maturity4.587%Nov 4, 2025Yield to maturity4.679%Nov 24, 2025Yield to maturity4.682%Dec 12, 2025Yield to maturity4.869%Jan 2, 2026Yield to maturity4.852%Jan 22, 2026Yield to maturity4.838%Feb 10, 2026Yield to maturity4.758%Mar 2, 2026Yield to maturity4.673%Mar 19, 2026Yield to maturity4.864%Apr 7, 2026Yield to maturity4.934%Apr 24, 2026Yield to maturity4.914%May 13, 2026Yield to maturity5.057%Jun 2, 2026Yield to maturity4.993%Jun 22, 2026Yield to maturity4.994%Jul 10, 2026Yield to maturity5.108%Jul 29, 2026Yield to maturity5.246%Aug 17, 2026Yield to maturity5.336%Sep 3, 2026Yield to maturity5.268%Sep 9, 2026Yield to maturity5.302%

Price history

2,955 trading days to Sep 9, 2026

6080100120140160Nov 17, 2014Sep 9, 2026Nov 17, 2014Close98.844Dec 8, 2014Close101.969Dec 26, 2014Close103.750Jan 15, 2015Close112.813Feb 4, 2015Close112.938Feb 24, 2015Close108.344Mar 13, 2015Close106.094Apr 1, 2015Close111.156Apr 20, 2015Close109.344May 7, 2015Close102.188May 27, 2015Close102.156Jun 15, 2015Close97.969Jul 2, 2015Close96.125Jul 22, 2015Close99.000Aug 10, 2015Close101.844Aug 27, 2015Close101.125Sep 16, 2015Close98.156Oct 5, 2015Close101.750Oct 23, 2015Close101.813Nov 12, 2015Close98.094Dec 2, 2015Close101.563Dec 21, 2015Close101.563Jan 11, 2016Close100.781Jan 29, 2016Close104.969Feb 18, 2016Close108.063Mar 8, 2016Close107.656Mar 28, 2016Close107.219Apr 14, 2016Close108.375May 3, 2016Close107.250May 20, 2016Close107.688Jun 9, 2016Close111.094Jun 28, 2016Close115.750Jul 18, 2016Close114.906Aug 4, 2016Close115.938Aug 23, 2016Close116.406Sep 12, 2016Close112.719Sep 29, 2016Close115.313Oct 19, 2016Close110.188Nov 7, 2016Close108.438Nov 28, 2016Close100.188Dec 15, 2016Close96.938Jan 5, 2017Close100.688Jan 25, 2017Close98.000Feb 13, 2017Close99.313Mar 3, 2017Close98.344Mar 22, 2017Close99.531Apr 10, 2017Close100.125Apr 28, 2017Close100.875May 17, 2017Close101.844Jun 6, 2017Close103.875Jun 23, 2017Close105.656Jul 13, 2017Close101.813Aug 1, 2017Close103.063Aug 18, 2017Close104.719Sep 7, 2017Close106.938Sep 26, 2017Close104.594Oct 16, 2017Close103.906Nov 2, 2017Close103.625Nov 21, 2017Close104.750Dec 11, 2017Close104.563Dec 29, 2017Close105.125Jan 19, 2018Close101.844Feb 7, 2018Close97.906Feb 27, 2018Close97.063Mar 16, 2018Close98.625Apr 5, 2018Close98.813Apr 24, 2018Close96.938May 11, 2018Close98.250May 31, 2018Close100.188Jun 19, 2018Close99.625Jul 9, 2018Close100.688Jul 26, 2018Close98.125Aug 14, 2018Close99.000Aug 31, 2018Close99.594Sep 20, 2018Close96.375Oct 10, 2018Close93.188Oct 29, 2018Close94.406Nov 16, 2018Close94.313Dec 7, 2018Close97.531Dec 27, 2018Close99.219Jan 16, 2019Close98.906Feb 5, 2019Close99.656Feb 25, 2019Close99.625Mar 14, 2019Close99.469Apr 2, 2019Close102.594Apr 22, 2019Close100.500May 9, 2019Close102.750May 29, 2019Close106.188Jun 17, 2019Close108.250Jul 5, 2019Close108.906Jul 24, 2019Close108.281Aug 12, 2019Close117.563Aug 29, 2019Close120.906Sep 18, 2019Close114.844Oct 7, 2019Close119.219Oct 25, 2019Close113.844Nov 14, 2019Close113.281Dec 4, 2019Close114.906Dec 23, 2019Close112.219Jan 13, 2020Close113.156Jan 31, 2020Close119.344Feb 20, 2020Close120.094Mar 10, 2020Close133.344Mar 27, 2020Close135.875Apr 16, 2020Close139.063May 5, 2020Close135.594May 22, 2020Close135.188Jun 11, 2020Close134.094Jun 30, 2020Close133.813Jul 20, 2020Close136.375Aug 6, 2020Close139.688Aug 25, 2020Close134.531Sep 14, 2020Close134.531Oct 1, 2020Close133.844Oct 21, 2020Close130.094Nov 9, 2020Close127.719Nov 30, 2020Close131.094Dec 17, 2020Close128.688Jan 7, 2021Close124.844Jan 27, 2021Close125.969Feb 16, 2021Close119.125Mar 5, 2021Close114.188Mar 24, 2021Close113.438Apr 12, 2021Close112.969Apr 29, 2021Close113.563May 18, 2021Close112.188Jun 7, 2021Close114.406Jun 24, 2021Close117.125Jul 14, 2021Close119.469Aug 2, 2021Close122.219Aug 19, 2021Close122.000Sep 8, 2021Close120.313Sep 27, 2021Close119.125Oct 15, 2021Close117.750Nov 3, 2021Close117.844Nov 23, 2021Close116.719Dec 13, 2021Close121.031Dec 31, 2021Close119.344Jan 20, 2022Close114.094Feb 8, 2022Close111.563Feb 28, 2022Close112.219Mar 17, 2022Close105.875Apr 5, 2022Close103.781Apr 25, 2022Close98.219May 12, 2022Close95.500Jun 1, 2022Close94.031Jun 21, 2022Close89.375Jul 11, 2022Close92.344Jul 28, 2022Close94.969Aug 16, 2022Close93.469Sep 2, 2022Close89.438Sep 22, 2022Close85.531Oct 12, 2022Close82.063Oct 31, 2022Close78.688Nov 18, 2022Close82.188Dec 8, 2022Close88.688Dec 28, 2022Close82.781Jan 18, 2023Close89.375Feb 6, 2023Close87.250Feb 24, 2023Close83.375Mar 15, 2023Close87.219Apr 3, 2023Close87.688Apr 20, 2023Close86.594May 9, 2023Close85.656May 26, 2023Close83.375Jun 15, 2023Close84.906Jul 6, 2023Close82.313Jul 25, 2023Close83.313Aug 11, 2023Close79.688Aug 30, 2023Close80.094Sep 19, 2023Close77.844Oct 6, 2023Close72.125Oct 26, 2023Close71.563Nov 14, 2023Close75.750Dec 4, 2023Close77.875Dec 21, 2023Close82.719Jan 11, 2024Close81.375Jan 31, 2024Close81.281Feb 20, 2024Close78.656Mar 8, 2024Close81.031Mar 27, 2024Close80.000Apr 15, 2024Close75.688May 2, 2024Close76.063May 21, 2024Close77.906Jun 10, 2024Close77.469Jun 28, 2024Close78.344Jul 18, 2024Close79.500Aug 6, 2024Close82.313Aug 23, 2024Close83.344Sep 12, 2024Close84.750Oct 1, 2024Close83.969Oct 21, 2024Close79.188Nov 7, 2024Close78.375Nov 27, 2024Close79.219Dec 17, 2024Close77.781Jan 7, 2025Close74.781Jan 27, 2025Close76.375Feb 13, 2025Close76.844Mar 5, 2025Close78.594Mar 24, 2025Close77.844Apr 10, 2025Close75.500Apr 29, 2025Close78.188May 16, 2025Close75.469Jun 5, 2025Close75.625Jun 25, 2025Close76.438Jul 15, 2025Close74.594Aug 1, 2025Close77.125Aug 20, 2025Close76.250Sep 9, 2025Close78.406Sep 26, 2025Close77.750Oct 16, 2025Close79.969Nov 4, 2025Close79.000Nov 24, 2025Close79.000Dec 12, 2025Close77.063Jan 2, 2026Close77.281Jan 22, 2026Close77.469Feb 10, 2026Close78.344Mar 2, 2026Close79.281Mar 19, 2026Close77.313Apr 7, 2026Close76.625Apr 24, 2026Close76.875May 13, 2026Close75.469Jun 2, 2026Close76.156Jun 22, 2026Close76.188Jul 10, 2026Close75.094Jul 29, 2026Close73.781Aug 17, 2026Close72.969Sep 3, 2026Close73.656Sep 9, 2026Close73.344
The most recent 20 trading days of prices for 912810RJ9.
DateBidOfferClose
Sep 9, 202673.14173.09473.344
Sep 8, 202673.71973.68873.531
Sep 4, 202673.75073.71973.656
Sep 3, 202673.84473.81373.656
Sep 2, 202673.40673.37573.406
Sep 1, 202673.68873.65673.375
Aug 31, 202673.56373.53173.656
Aug 28, 202674.28174.25073.938
Aug 27, 202674.40674.37574.188
Aug 26, 202674.37574.34474.313
Aug 25, 202674.43874.40674.469
Aug 24, 202674.06374.03173.875
Aug 21, 202673.56373.53173.469
Aug 20, 202673.71973.68873.875
Aug 19, 202674.12574.09474.219
Aug 18, 202673.12573.09473.219
Aug 17, 202673.25073.21972.969
Aug 14, 202673.43873.40673.469
Aug 13, 202673.92273.87573.938
Aug 12, 202673.68873.65673.500

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 912810RJ9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 13, 2014Nov 17, 2014New issue$16.0bn$16.0bn2.29x3.092%
Dec 11, 2014Dec 15, 2014Reopening$13.0bn$13.0bn2.76x2.848%
Jan 14, 2015Jan 15, 2015Reopening$13.0bn$13.0bn2.32x2.430%

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.