Treasury bond

912810RM2 · 3% due May 15, 2045

Original term
30-Year
Maturity
May 15, 2045
Coupon
3.000%
Pays
Semi-Annual
Dated
May 15, 2015
First coupon
Nov 15, 2015
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$41.29bn
Held stripped
$1.90bn
Share stripped
4.61%

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
5.313%
Modified duration
13.030 yr
DV01
0.0961
Convexity
217.140
Dirty price
73.774

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 13.250 years against a modified duration of 13.030.

Against the fitted curve

Priced 1.6 bp cheap to the curve on that day, 15.63 cents per 100 of face.

That is -0.54 standard deviations from its own typical residual.

Yield to maturity, 2,832 observations

1%2%3%4%5%6%May 15, 2015Sep 9, 2026May 15, 2015Yield to maturity2.928%Jun 3, 2015Yield to maturity3.114%Jun 19, 2015Yield to maturity3.053%Jul 8, 2015Yield to maturity2.987%Jul 24, 2015Yield to maturity2.965%Aug 11, 2015Yield to maturity2.805%Aug 27, 2015Yield to maturity2.933%Sep 15, 2015Yield to maturity3.063%Oct 1, 2015Yield to maturity2.852%Oct 20, 2015Yield to maturity2.924%Nov 5, 2015Yield to maturity3.014%Nov 24, 2015Yield to maturity3.011%Dec 11, 2015Yield to maturity2.878%Dec 30, 2015Yield to maturity3.053%Jan 19, 2016Yield to maturity2.820%Feb 4, 2016Yield to maturity2.697%Feb 23, 2016Yield to maturity2.590%Mar 10, 2016Yield to maturity2.691%Mar 29, 2016Yield to maturity2.596%Apr 14, 2016Yield to maturity2.591%May 2, 2016Yield to maturity2.700%May 18, 2016Yield to maturity2.660%Jun 6, 2016Yield to maturity2.542%Jun 22, 2016Yield to maturity2.485%Jul 11, 2016Yield to maturity2.133%Jul 27, 2016Yield to maturity2.224%Aug 12, 2016Yield to maturity2.220%Aug 30, 2016Yield to maturity2.226%Sep 16, 2016Yield to maturity2.431%Oct 4, 2016Yield to maturity2.394%Oct 21, 2016Yield to maturity2.470%Nov 8, 2016Yield to maturity2.614%Nov 28, 2016Yield to maturity2.998%Dec 14, 2016Yield to maturity3.154%Jan 3, 2017Yield to maturity3.053%Jan 20, 2017Yield to maturity3.061%Feb 7, 2017Yield to maturity3.026%Feb 24, 2017Yield to maturity2.964%Mar 14, 2017Yield to maturity3.187%Mar 30, 2017Yield to maturity3.045%Apr 18, 2017Yield to maturity2.844%May 4, 2017Yield to maturity3.003%May 22, 2017Yield to maturity2.911%Jun 8, 2017Yield to maturity2.850%Jun 26, 2017Yield to maturity2.697%Jul 13, 2017Yield to maturity2.911%Jul 31, 2017Yield to maturity2.888%Aug 16, 2017Yield to maturity2.800%Sep 1, 2017Yield to maturity2.755%Sep 20, 2017Yield to maturity2.809%Oct 6, 2017Yield to maturity2.893%Oct 25, 2017Yield to maturity2.933%Nov 10, 2017Yield to maturity2.866%Nov 29, 2017Yield to maturity2.806%Dec 15, 2017Yield to maturity2.677%Jan 4, 2018Yield to maturity2.782%Jan 23, 2018Yield to maturity2.897%Feb 8, 2018Yield to maturity3.128%Feb 27, 2018Yield to maturity3.165%Mar 15, 2018Yield to maturity3.051%Apr 3, 2018Yield to maturity3.020%Apr 19, 2018Yield to maturity3.106%May 7, 2018Yield to maturity3.110%May 23, 2018Yield to maturity3.164%Jun 11, 2018Yield to maturity3.093%Jun 27, 2018Yield to maturity2.969%Jul 16, 2018Yield to maturity2.954%Aug 1, 2018Yield to maturity3.128%Aug 17, 2018Yield to maturity3.022%Sep 5, 2018Yield to maturity3.072%Sep 21, 2018Yield to maturity3.203%Oct 10, 2018Yield to maturity3.396%Oct 26, 2018Yield to maturity3.319%Nov 14, 2018Yield to maturity3.354%Dec 3, 2018Yield to maturity3.266%Dec 20, 2018Yield to maturity3.012%Jan 9, 2019Yield to maturity3.021%Jan 28, 2019Yield to maturity3.052%Feb 13, 2019Yield to maturity3.015%Mar 4, 2019Yield to maturity3.084%Mar 20, 2019Yield to maturity2.960%Apr 5, 2019Yield to maturity2.885%Apr 24, 2019Yield to maturity2.917%May 10, 2019Yield to maturity2.860%May 29, 2019Yield to maturity2.663%Jun 14, 2019Yield to maturity2.570%Jul 2, 2019Yield to maturity2.483%Jul 19, 2019Yield to maturity2.548%Aug 6, 2019Yield to maturity2.227%Aug 22, 2019Yield to maturity2.083%Sep 10, 2019Yield to maturity2.165%Sep 26, 2019Yield to maturity2.125%Oct 15, 2019Yield to maturity2.210%Oct 31, 2019Yield to maturity2.158%Nov 19, 2019Yield to maturity2.246%Dec 6, 2019Yield to maturity2.278%Dec 24, 2019Yield to maturity2.327%Jan 13, 2020Yield to maturity2.300%Jan 30, 2020Yield to maturity2.048%Feb 18, 2020Yield to maturity2.009%Mar 5, 2020Yield to maturity1.571%Mar 23, 2020Yield to maturity1.370%Apr 8, 2020Yield to maturity1.340%Apr 27, 2020Yield to maturity1.252%May 13, 2020Yield to maturity1.312%Jun 1, 2020Yield to maturity1.419%Jun 17, 2020Yield to maturity1.478%Jul 6, 2020Yield to maturity1.401%Jul 22, 2020Yield to maturity1.246%Aug 7, 2020Yield to maturity1.173%Aug 25, 2020Yield to maturity1.338%Sep 11, 2020Yield to maturity1.338%Sep 29, 2020Yield to maturity1.330%Oct 16, 2020Yield to maturity1.423%Nov 3, 2020Yield to maturity1.544%Nov 20, 2020Yield to maturity1.428%Dec 9, 2020Yield to maturity1.575%Dec 28, 2020Yield to maturity1.551%Jan 14, 2021Yield to maturity1.773%Feb 2, 2021Yield to maturity1.770%Feb 19, 2021Yield to maturity2.058%Mar 9, 2021Yield to maturity2.206%Mar 25, 2021Yield to maturity2.300%Apr 12, 2021Yield to maturity2.293%Apr 28, 2021Yield to maturity2.250%May 14, 2021Yield to maturity2.321%Jun 2, 2021Yield to maturity2.252%Jun 18, 2021Yield to maturity1.996%Jul 7, 2021Yield to maturity1.910%Jul 23, 2021Yield to maturity1.895%Aug 10, 2021Yield to maturity1.954%Aug 26, 2021Yield to maturity1.901%Sep 14, 2021Yield to maturity1.806%Sep 30, 2021Yield to maturity2.051%Oct 19, 2021Yield to maturity2.080%Nov 4, 2021Yield to maturity1.973%Nov 23, 2021Yield to maturity2.073%Dec 10, 2021Yield to maturity1.925%Dec 29, 2021Yield to maturity2.002%Jan 14, 2022Yield to maturity2.187%Feb 2, 2022Yield to maturity2.191%Feb 18, 2022Yield to maturity2.359%Mar 9, 2022Yield to maturity2.435%Mar 25, 2022Yield to maturity2.766%Apr 12, 2022Yield to maturity3.028%Apr 29, 2022Yield to maturity3.185%May 17, 2022Yield to maturity3.435%Jun 3, 2022Yield to maturity3.392%Jun 22, 2022Yield to maturity3.537%Jul 11, 2022Yield to maturity3.480%Jul 27, 2022Yield to maturity3.340%Aug 12, 2022Yield to maturity3.436%Aug 30, 2022Yield to maturity3.572%Sep 16, 2022Yield to maturity3.860%Oct 4, 2022Yield to maturity4.034%Oct 21, 2022Yield to maturity4.645%Nov 8, 2022Yield to maturity4.565%Nov 28, 2022Yield to maturity4.061%Dec 14, 2022Yield to maturity3.786%Jan 3, 2023Yield to maturity4.124%Jan 20, 2023Yield to maturity3.832%Feb 7, 2023Yield to maturity3.916%Feb 24, 2023Yield to maturity4.168%Mar 14, 2023Yield to maturity3.970%Mar 30, 2023Yield to maturity3.951%Apr 17, 2023Yield to maturity3.985%May 3, 2023Yield to maturity3.853%May 19, 2023Yield to maturity4.132%Jun 7, 2023Yield to maturity4.158%Jun 26, 2023Yield to maturity4.046%Jul 13, 2023Yield to maturity4.118%Jul 31, 2023Yield to maturity4.258%Aug 16, 2023Yield to maturity4.594%Sep 1, 2023Yield to maturity4.528%Sep 20, 2023Yield to maturity4.631%Oct 6, 2023Yield to maturity5.190%Oct 25, 2023Yield to maturity5.331%Nov 10, 2023Yield to maturity4.984%Nov 29, 2023Yield to maturity4.680%Dec 15, 2023Yield to maturity4.243%Jan 4, 2024Yield to maturity4.347%Jan 23, 2024Yield to maturity4.539%Feb 8, 2024Yield to maturity4.525%Feb 27, 2024Yield to maturity4.627%Mar 14, 2024Yield to maturity4.594%Apr 1, 2024Yield to maturity4.619%Apr 17, 2024Yield to maturity4.853%May 3, 2024Yield to maturity4.793%May 21, 2024Yield to maturity4.690%Jun 7, 2024Yield to maturity4.690%Jun 26, 2024Yield to maturity4.607%Jul 15, 2024Yield to maturity4.604%Jul 31, 2024Yield to maturity4.482%Aug 16, 2024Yield to maturity4.315%Sep 4, 2024Yield to maturity4.188%Sep 20, 2024Yield to maturity4.160%Oct 8, 2024Yield to maturity4.443%Oct 25, 2024Yield to maturity4.644%Nov 13, 2024Yield to maturity4.782%Dec 2, 2024Yield to maturity4.529%Dec 18, 2024Yield to maturity4.814%Jan 7, 2025Yield to maturity5.019%Jan 24, 2025Yield to maturity4.963%Feb 11, 2025Yield to maturity4.846%Feb 28, 2025Yield to maturity4.617%Mar 18, 2025Yield to maturity4.686%Apr 3, 2025Yield to maturity4.569%Apr 21, 2025Yield to maturity5.018%May 7, 2025Yield to maturity4.850%May 23, 2025Yield to maturity5.129%Jun 11, 2025Yield to maturity4.992%Jun 30, 2025Yield to maturity4.845%Jul 17, 2025Yield to maturity5.072%Aug 4, 2025Yield to maturity4.831%Aug 20, 2025Yield to maturity4.931%Sep 8, 2025Yield to maturity4.712%Sep 24, 2025Yield to maturity4.779%Oct 10, 2025Yield to maturity4.644%Oct 29, 2025Yield to maturity4.627%Nov 17, 2025Yield to maturity4.748%Dec 4, 2025Yield to maturity4.774%Dec 22, 2025Yield to maturity4.845%Jan 9, 2026Yield to maturity4.810%Jan 28, 2026Yield to maturity4.860%Feb 13, 2026Yield to maturity4.680%Mar 4, 2026Yield to maturity4.708%Mar 20, 2026Yield to maturity5.043%Apr 7, 2026Yield to maturity4.946%Apr 23, 2026Yield to maturity4.949%May 11, 2026Yield to maturity5.011%May 28, 2026Yield to maturity5.021%Jun 15, 2026Yield to maturity5.006%Jul 2, 2026Yield to maturity5.025%Jul 21, 2026Yield to maturity5.179%Aug 6, 2026Yield to maturity5.259%Aug 24, 2026Yield to maturity5.251%Sep 9, 2026Yield to maturity5.313%

Price history

2,832 trading days to Sep 9, 2026

6080100120140160May 15, 2015Sep 9, 2026May 15, 2015Close101.438Jun 3, 2015Close97.781Jun 19, 2015Close98.969Jul 8, 2015Close100.250Jul 24, 2015Close100.688Aug 11, 2015Close103.906Aug 27, 2015Close101.313Sep 15, 2015Close98.781Oct 1, 2015Close102.938Oct 20, 2015Close101.500Nov 5, 2015Close99.719Nov 24, 2015Close99.781Dec 11, 2015Close102.406Dec 30, 2015Close98.969Jan 19, 2016Close103.563Feb 4, 2016Close106.094Feb 23, 2016Close108.375Mar 10, 2016Close106.219Mar 29, 2016Close108.219Apr 14, 2016Close108.313May 2, 2016Close106.000May 18, 2016Close106.844Jun 6, 2016Close109.344Jun 22, 2016Close110.563Jul 11, 2016Close118.594Jul 27, 2016Close116.438Aug 12, 2016Close116.500Aug 30, 2016Close116.344Sep 16, 2016Close111.688Oct 4, 2016Close112.500Oct 21, 2016Close110.813Nov 8, 2016Close107.719Nov 28, 2016Close100.031Dec 14, 2016Close97.125Jan 3, 2017Close99.000Jan 20, 2017Close98.844Feb 7, 2017Close99.500Feb 24, 2017Close100.688Mar 14, 2017Close96.531Mar 30, 2017Close99.156Apr 18, 2017Close103.000May 4, 2017Close99.938May 22, 2017Close101.688Jun 8, 2017Close102.875Jun 26, 2017Close105.906Jul 13, 2017Close101.688Jul 31, 2017Close102.125Aug 16, 2017Close103.844Sep 1, 2017Close104.719Sep 20, 2017Close103.656Oct 6, 2017Close102.031Oct 25, 2017Close101.250Nov 10, 2017Close102.531Nov 29, 2017Close103.688Dec 15, 2017Close106.250Jan 4, 2018Close104.156Jan 23, 2018Close101.938Feb 8, 2018Close97.656Feb 27, 2018Close97.000Mar 15, 2018Close99.063Apr 3, 2018Close99.625Apr 19, 2018Close98.063May 7, 2018Close98.000May 23, 2018Close97.031Jun 11, 2018Close98.313Jun 27, 2018Close100.563Jul 16, 2018Close100.844Aug 1, 2018Close97.688Aug 17, 2018Close99.594Sep 5, 2018Close98.688Sep 21, 2018Close96.375Oct 10, 2018Close93.094Oct 26, 2018Close94.406Nov 14, 2018Close93.813Dec 3, 2018Close95.313Dec 20, 2018Close99.781Jan 9, 2019Close99.625Jan 28, 2019Close99.063Feb 13, 2019Close99.719Mar 4, 2019Close98.500Mar 20, 2019Close100.719Apr 5, 2019Close102.094Apr 24, 2019Close101.500May 10, 2019Close102.563May 29, 2019Close106.281Jun 14, 2019Close108.094Jul 2, 2019Close109.813Jul 19, 2019Close108.500Aug 6, 2019Close115.094Aug 22, 2019Close118.188Sep 10, 2019Close116.375Sep 26, 2019Close117.219Oct 15, 2019Close115.375Oct 31, 2019Close116.469Nov 19, 2019Close114.563Dec 6, 2019Close113.875Dec 24, 2019Close112.844Jan 13, 2020Close113.375Jan 30, 2020Close118.719Feb 18, 2020Close119.531Mar 5, 2020Close129.625Mar 23, 2020Close134.563Apr 8, 2020Close135.281Apr 27, 2020Close137.469May 13, 2020Close135.875Jun 1, 2020Close133.125Jun 17, 2020Close131.625Jul 6, 2020Close133.469Jul 22, 2020Close137.344Aug 7, 2020Close139.156Aug 25, 2020Close134.875Sep 11, 2020Close134.813Sep 29, 2020Close134.969Oct 16, 2020Close132.594Nov 3, 2020Close129.625Nov 20, 2020Close132.375Dec 9, 2020Close128.813Dec 28, 2020Close129.313Jan 14, 2021Close124.156Feb 2, 2021Close124.188Feb 19, 2021Close117.906Mar 9, 2021Close114.813Mar 25, 2021Close112.906Apr 12, 2021Close113.031Apr 28, 2021Close113.875May 14, 2021Close112.438Jun 2, 2021Close113.781Jun 18, 2021Close119.000Jul 7, 2021Close120.813Jul 23, 2021Close121.094Aug 10, 2021Close119.813Aug 26, 2021Close120.906Sep 14, 2021Close122.906Sep 30, 2021Close117.688Oct 19, 2021Close117.063Nov 4, 2021Close119.250Nov 23, 2021Close117.156Dec 10, 2021Close120.188Dec 29, 2021Close118.563Jan 14, 2022Close114.781Feb 2, 2022Close114.688Feb 18, 2022Close111.406Mar 9, 2022Close109.969Mar 25, 2022Close103.969Apr 12, 2022Close99.531Apr 29, 2022Close97.000May 17, 2022Close93.125Jun 3, 2022Close93.781Jun 22, 2022Close91.625Jul 11, 2022Close92.469Jul 27, 2022Close94.594Aug 12, 2022Close93.156Aug 30, 2022Close91.156Sep 16, 2022Close87.094Oct 4, 2022Close84.750Oct 21, 2022Close77.156Nov 8, 2022Close78.125Nov 28, 2022Close84.469Dec 14, 2022Close88.188Jan 3, 2023Close83.688Jan 20, 2023Close87.594Feb 7, 2023Close86.469Feb 24, 2023Close83.188Mar 14, 2023Close85.781Mar 30, 2023Close86.063Apr 17, 2023Close85.625May 3, 2023Close87.406May 19, 2023Close83.750Jun 7, 2023Close83.438Jun 26, 2023Close84.906Jul 13, 2023Close84.000Jul 31, 2023Close82.250Aug 16, 2023Close78.219Sep 1, 2023Close79.031Sep 20, 2023Close77.844Oct 6, 2023Close71.750Oct 25, 2023Close70.344Nov 10, 2023Close74.000Nov 29, 2023Close77.406Dec 15, 2023Close82.625Jan 4, 2024Close81.375Jan 23, 2024Close79.125Feb 8, 2024Close79.313Feb 27, 2024Close78.156Mar 14, 2024Close78.563Apr 1, 2024Close78.313Apr 17, 2024Close75.719May 3, 2024Close76.406May 21, 2024Close77.594Jun 7, 2024Close77.625Jun 26, 2024Close78.594Jul 15, 2024Close78.656Jul 31, 2024Close80.094Aug 16, 2024Close82.094Sep 4, 2024Close83.656Sep 20, 2024Close84.031Oct 8, 2024Close80.656Oct 25, 2024Close78.375Nov 13, 2024Close76.875Dec 2, 2024Close79.750Dec 18, 2024Close76.594Jan 7, 2025Close74.438Jan 24, 2025Close75.063Feb 11, 2025Close76.344Feb 28, 2025Close78.906Mar 18, 2025Close78.156Apr 3, 2025Close79.500Apr 21, 2025Close74.656May 7, 2025Close76.469May 23, 2025Close73.594Jun 11, 2025Close75.031Jun 30, 2025Close76.625Jul 17, 2025Close74.281Aug 4, 2025Close76.844Aug 20, 2025Close75.813Sep 8, 2025Close78.188Sep 24, 2025Close77.500Oct 10, 2025Close79.000Oct 29, 2025Close79.219Nov 17, 2025Close77.938Dec 4, 2025Close77.688Dec 22, 2025Close76.969Jan 9, 2026Close77.375Jan 28, 2026Close76.875Feb 13, 2026Close78.844Mar 4, 2026Close78.563Mar 20, 2026Close75.094Apr 7, 2026Close76.125Apr 23, 2026Close76.125May 11, 2026Close75.531May 28, 2026Close75.469Jun 15, 2026Close75.656Jul 2, 2026Close75.500Jul 21, 2026Close74.000Aug 6, 2026Close73.250Aug 24, 2026Close73.375Sep 9, 2026Close72.813
The most recent 20 trading days of prices for 912810RM2.
DateBidOfferClose
Sep 9, 202672.60972.56372.813
Sep 8, 202673.18873.15673.000
Sep 4, 202673.21973.18873.125
Sep 3, 202673.31373.28173.094
Sep 2, 202672.87572.84472.844
Sep 1, 202673.15673.12572.844
Aug 31, 202673.03173.00073.125
Aug 28, 202673.73473.68873.406
Aug 27, 202673.84473.81373.656
Aug 26, 202673.84473.81373.781
Aug 25, 202673.93873.90673.938
Aug 24, 202673.56373.53173.375
Aug 21, 202673.06373.03172.938
Aug 20, 202673.21973.18873.375
Aug 19, 202673.60973.56373.719
Aug 18, 202672.60972.59472.719
Aug 17, 202672.73472.68872.438
Aug 14, 202672.93872.90672.938
Aug 13, 202673.43873.37573.438
Aug 12, 202673.20373.15673.031

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 912810RM2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 14, 2015May 15, 2015New issue$16.0bn$16.4bn2.20x3.044%
Jun 11, 2015Jun 15, 2015Reopening$13.0bn$13.0bn2.54x3.138%
Jul 9, 2015Jul 15, 2015Reopening$13.0bn$13.0bn2.23x3.084%

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.