Treasury bond

912810RT7 · 2.25% due August 15, 2046

Original term
30-Year
Maturity
Aug 15, 2046
Coupon
2.250%
Pays
Semi-Annual
Dated
Aug 15, 2016
First coupon
Feb 15, 2017
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$39.65bn
Held stripped
$3.88bn
Share stripped
9.79%

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
5.351%
Modified duration
14.482 yr
DV01
0.0904
Convexity
260.771
Dirty price
62.440

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 14.725 years against a modified duration of 14.482.

Against the fitted curve

Priced 0.1 bp rich to the curve on that day, 1.09 cents per 100 of face.

That is -0.60 standard deviations from its own typical residual.

Yield to maturity, 2,519 observations

1%2%3%4%5%6%Aug 15, 2016Sep 9, 2026Aug 15, 2016Yield to maturity2.273%Aug 30, 2016Yield to maturity2.234%Sep 15, 2016Yield to maturity2.485%Sep 30, 2016Yield to maturity2.317%Oct 18, 2016Yield to maturity2.512%Nov 2, 2016Yield to maturity2.562%Nov 18, 2016Yield to maturity3.035%Dec 6, 2016Yield to maturity3.097%Dec 21, 2016Yield to maturity3.138%Jan 9, 2017Yield to maturity2.990%Jan 25, 2017Yield to maturity3.122%Feb 9, 2017Yield to maturity3.038%Feb 27, 2017Yield to maturity3.008%Mar 14, 2017Yield to maturity3.199%Mar 29, 2017Yield to maturity3.015%Apr 13, 2017Yield to maturity2.914%May 1, 2017Yield to maturity3.027%May 16, 2017Yield to maturity3.014%Jun 1, 2017Yield to maturity2.891%Jun 16, 2017Yield to maturity2.796%Jul 3, 2017Yield to maturity2.881%Jul 19, 2017Yield to maturity2.864%Aug 3, 2017Yield to maturity2.822%Aug 18, 2017Yield to maturity2.788%Sep 5, 2017Yield to maturity2.700%Sep 20, 2017Yield to maturity2.832%Oct 5, 2017Yield to maturity2.897%Oct 23, 2017Yield to maturity2.894%Nov 7, 2017Yield to maturity2.781%Nov 22, 2017Yield to maturity2.756%Dec 8, 2017Yield to maturity2.774%Dec 26, 2017Yield to maturity2.824%Jan 11, 2018Yield to maturity2.875%Jan 29, 2018Yield to maturity2.943%Feb 13, 2018Yield to maturity3.120%Mar 1, 2018Yield to maturity3.097%Mar 16, 2018Yield to maturity3.086%Apr 3, 2018Yield to maturity3.030%Apr 18, 2018Yield to maturity3.059%May 3, 2018Yield to maturity3.121%May 18, 2018Yield to maturity3.201%Jun 5, 2018Yield to maturity3.074%Jun 20, 2018Yield to maturity3.064%Jul 6, 2018Yield to maturity2.938%Jul 23, 2018Yield to maturity3.107%Aug 7, 2018Yield to maturity3.128%Aug 22, 2018Yield to maturity2.992%Sep 7, 2018Yield to maturity3.112%Sep 24, 2018Yield to maturity3.217%Oct 10, 2018Yield to maturity3.400%Oct 25, 2018Yield to maturity3.359%Nov 9, 2018Yield to maturity3.406%Nov 28, 2018Yield to maturity3.351%Dec 14, 2018Yield to maturity3.153%Jan 2, 2019Yield to maturity2.986%Jan 17, 2019Yield to maturity3.085%Feb 4, 2019Yield to maturity3.070%Feb 20, 2019Yield to maturity2.998%Mar 7, 2019Yield to maturity3.036%Mar 22, 2019Yield to maturity2.874%Apr 8, 2019Yield to maturity2.927%Apr 24, 2019Yield to maturity2.942%May 9, 2019Yield to maturity2.871%May 24, 2019Yield to maturity2.755%Jun 11, 2019Yield to maturity2.625%Jun 26, 2019Yield to maturity2.575%Jul 12, 2019Yield to maturity2.644%Jul 29, 2019Yield to maturity2.591%Aug 13, 2019Yield to maturity2.140%Aug 28, 2019Yield to maturity1.945%Sep 13, 2019Yield to maturity2.365%Sep 30, 2019Yield to maturity2.126%Oct 16, 2019Yield to maturity2.237%Oct 31, 2019Yield to maturity2.177%Nov 18, 2019Yield to maturity2.307%Dec 4, 2019Yield to maturity2.233%Dec 19, 2019Yield to maturity2.356%Jan 7, 2020Yield to maturity2.313%Jan 23, 2020Yield to maturity2.192%Feb 7, 2020Yield to maturity2.064%Feb 25, 2020Yield to maturity1.810%Mar 11, 2020Yield to maturity1.430%Mar 26, 2020Yield to maturity1.433%Apr 13, 2020Yield to maturity1.377%Apr 28, 2020Yield to maturity1.216%May 13, 2020Yield to maturity1.333%May 29, 2020Yield to maturity1.404%Jun 15, 2020Yield to maturity1.439%Jun 30, 2020Yield to maturity1.402%Jul 16, 2020Yield to maturity1.292%Jul 31, 2020Yield to maturity1.174%Aug 17, 2020Yield to maturity1.404%Sep 1, 2020Yield to maturity1.390%Sep 17, 2020Yield to maturity1.382%Oct 2, 2020Yield to maturity1.429%Oct 20, 2020Yield to maturity1.543%Nov 4, 2020Yield to maturity1.474%Nov 20, 2020Yield to maturity1.470%Dec 8, 2020Yield to maturity1.598%Dec 23, 2020Yield to maturity1.625%Jan 11, 2021Yield to maturity1.813%Jan 27, 2021Yield to maturity1.723%Feb 11, 2021Yield to maturity1.890%Mar 1, 2021Yield to maturity2.218%Mar 16, 2021Yield to maturity2.373%Mar 31, 2021Yield to maturity2.405%Apr 15, 2021Yield to maturity2.208%Apr 30, 2021Yield to maturity2.292%May 17, 2021Yield to maturity2.357%Jun 2, 2021Yield to maturity2.283%Jun 17, 2021Yield to maturity2.108%Jul 2, 2021Yield to maturity2.052%Jul 20, 2021Yield to maturity1.875%Aug 4, 2021Yield to maturity1.828%Aug 19, 2021Yield to maturity1.864%Sep 3, 2021Yield to maturity1.933%Sep 21, 2021Yield to maturity1.852%Oct 6, 2021Yield to maturity2.080%Oct 22, 2021Yield to maturity2.093%Nov 8, 2021Yield to maturity1.914%Nov 24, 2021Yield to maturity2.016%Dec 10, 2021Yield to maturity1.930%Dec 28, 2021Yield to maturity1.955%Jan 12, 2022Yield to maturity2.140%Jan 28, 2022Yield to maturity2.146%Feb 14, 2022Yield to maturity2.392%Mar 2, 2022Yield to maturity2.379%Mar 17, 2022Yield to maturity2.635%Apr 1, 2022Yield to maturity2.590%Apr 19, 2022Yield to maturity3.185%May 4, 2022Yield to maturity3.230%May 19, 2022Yield to maturity3.288%Jun 6, 2022Yield to maturity3.453%Jun 22, 2022Yield to maturity3.515%Jul 8, 2022Yield to maturity3.559%Jul 25, 2022Yield to maturity3.330%Aug 9, 2022Yield to maturity3.293%Aug 24, 2022Yield to maturity3.651%Sep 9, 2022Yield to maturity3.784%Sep 26, 2022Yield to maturity4.024%Oct 12, 2022Yield to maturity4.220%Oct 27, 2022Yield to maturity4.387%Nov 14, 2022Yield to maturity4.371%Nov 30, 2022Yield to maturity4.084%Dec 15, 2022Yield to maturity3.727%Jan 3, 2023Yield to maturity4.110%Jan 19, 2023Yield to maturity3.729%Feb 3, 2023Yield to maturity3.788%Feb 21, 2023Yield to maturity4.164%Mar 8, 2023Yield to maturity4.097%Mar 23, 2023Yield to maturity3.831%Apr 7, 2023Yield to maturity3.777%Apr 24, 2023Yield to maturity3.908%May 9, 2023Yield to maturity4.005%May 24, 2023Yield to maturity4.156%Jun 9, 2023Yield to maturity4.076%Jun 27, 2023Yield to maturity4.040%Jul 13, 2023Yield to maturity4.104%Jul 28, 2023Yield to maturity4.243%Aug 14, 2023Yield to maturity4.491%Aug 29, 2023Yield to maturity4.450%Sep 14, 2023Yield to maturity4.608%Sep 29, 2023Yield to maturity4.965%Oct 17, 2023Yield to maturity5.180%Nov 1, 2023Yield to maturity5.181%Nov 16, 2023Yield to maturity4.872%Dec 4, 2023Yield to maturity4.665%Dec 19, 2023Yield to maturity4.268%Jan 5, 2024Yield to maturity4.414%Jan 23, 2024Yield to maturity4.557%Feb 7, 2024Yield to maturity4.473%Feb 23, 2024Yield to maturity4.564%Mar 11, 2024Yield to maturity4.421%Mar 26, 2024Yield to maturity4.556%Apr 10, 2024Yield to maturity4.782%Apr 25, 2024Yield to maturity4.965%May 10, 2024Yield to maturity4.783%May 28, 2024Yield to maturity4.793%Jun 12, 2024Yield to maturity4.610%Jun 28, 2024Yield to maturity4.667%Jul 16, 2024Yield to maturity4.534%Jul 31, 2024Yield to maturity4.494%Aug 15, 2024Yield to maturity4.349%Aug 30, 2024Yield to maturity4.355%Sep 17, 2024Yield to maturity4.088%Oct 2, 2024Yield to maturity4.273%Oct 18, 2024Yield to maturity4.525%Nov 4, 2024Yield to maturity4.665%Nov 20, 2024Yield to maturity4.765%Dec 6, 2024Yield to maturity4.507%Dec 23, 2024Yield to maturity4.935%Jan 9, 2025Yield to maturity5.063%Jan 27, 2025Yield to maturity4.888%Feb 11, 2025Yield to maturity4.864%Feb 27, 2025Yield to maturity4.683%Mar 14, 2025Yield to maturity4.753%Mar 31, 2025Yield to maturity4.702%Apr 15, 2025Yield to maturity4.926%Apr 30, 2025Yield to maturity4.788%May 15, 2025Yield to maturity5.035%Jun 2, 2025Yield to maturity5.111%Jun 17, 2025Yield to maturity5.000%Jul 3, 2025Yield to maturity4.964%Jul 21, 2025Yield to maturity5.028%Aug 5, 2025Yield to maturity4.853%Aug 20, 2025Yield to maturity4.969%Sep 5, 2025Yield to maturity4.833%Sep 22, 2025Yield to maturity4.828%Oct 7, 2025Yield to maturity4.782%Oct 23, 2025Yield to maturity4.638%Nov 7, 2025Yield to maturity4.753%Nov 25, 2025Yield to maturity4.721%Dec 11, 2025Yield to maturity4.854%Dec 29, 2025Yield to maturity4.853%Jan 14, 2026Yield to maturity4.832%Jan 30, 2026Yield to maturity4.912%Feb 17, 2026Yield to maturity4.721%Mar 4, 2026Yield to maturity4.764%Mar 19, 2026Yield to maturity4.924%Apr 3, 2026Yield to maturity5.009%Apr 20, 2026Yield to maturity4.936%May 5, 2026Yield to maturity5.063%May 20, 2026Yield to maturity5.196%Jun 5, 2026Yield to maturity5.102%Jun 23, 2026Yield to maturity5.028%Jul 9, 2026Yield to maturity5.135%Jul 24, 2026Yield to maturity5.261%Aug 10, 2026Yield to maturity5.338%Aug 25, 2026Yield to maturity5.237%Sep 9, 2026Yield to maturity5.351%

Price history

2,519 trading days to Sep 9, 2026

406080100120140Aug 15, 2016Sep 9, 2026Aug 15, 2016Close99.500Aug 30, 2016Close100.344Sep 15, 2016Close95.063Sep 30, 2016Close98.563Oct 18, 2016Close94.531Nov 2, 2016Close93.531Nov 18, 2016Close84.688Dec 6, 2016Close83.625Dec 21, 2016Close82.938Jan 9, 2017Close85.531Jan 25, 2017Close83.250Feb 9, 2017Close84.719Feb 27, 2017Close85.250Mar 14, 2017Close82.000Mar 29, 2017Close85.156Apr 13, 2017Close86.969May 1, 2017Close84.969May 16, 2017Close85.219Jun 1, 2017Close87.406Jun 16, 2017Close89.156Jul 3, 2017Close87.625Jul 19, 2017Close87.938Aug 3, 2017Close88.719Aug 18, 2017Close89.344Sep 5, 2017Close91.000Sep 20, 2017Close88.563Oct 5, 2017Close87.406Oct 23, 2017Close87.469Nov 7, 2017Close89.531Nov 22, 2017Close90.000Dec 8, 2017Close89.688Dec 26, 2017Close88.781Jan 11, 2018Close87.875Jan 29, 2018Close86.688Feb 13, 2018Close83.656Mar 1, 2018Close84.063Mar 16, 2018Close84.250Apr 3, 2018Close85.219Apr 18, 2018Close84.750May 3, 2018Close83.719May 18, 2018Close82.406Jun 5, 2018Close84.531Jun 20, 2018Close84.719Jul 6, 2018Close86.906Jul 23, 2018Close84.031Aug 7, 2018Close83.688Aug 22, 2018Close86.000Sep 7, 2018Close84.000Sep 24, 2018Close82.281Oct 10, 2018Close79.406Oct 25, 2018Close80.063Nov 9, 2018Close79.344Nov 28, 2018Close80.219Dec 14, 2018Close83.406Jan 2, 2019Close86.219Jan 17, 2019Close84.563Feb 4, 2019Close84.844Feb 20, 2019Close86.063Mar 7, 2019Close85.438Mar 22, 2019Close88.219Apr 8, 2019Close87.313Apr 24, 2019Close87.063May 9, 2019Close88.313May 24, 2019Close90.375Jun 11, 2019Close92.750Jun 26, 2019Close93.688Jul 12, 2019Close92.406Jul 29, 2019Close93.406Aug 13, 2019Close102.250Aug 28, 2019Close106.375Sep 13, 2019Close97.719Sep 30, 2019Close102.531Oct 16, 2019Close100.250Oct 31, 2019Close101.469Nov 18, 2019Close98.875Dec 4, 2019Close100.344Dec 19, 2019Close97.906Jan 7, 2020Close98.750Jan 23, 2020Close101.156Feb 7, 2020Close103.781Feb 25, 2020Close109.219Mar 11, 2020Close118.000Mar 26, 2020Close117.906Apr 13, 2020Close119.219Apr 28, 2020Close123.219May 13, 2020Close120.250May 29, 2020Close118.500Jun 15, 2020Close117.625Jun 30, 2020Close118.500Jul 16, 2020Close121.156Jul 31, 2020Close124.063Aug 17, 2020Close118.375Sep 1, 2020Close118.688Sep 17, 2020Close118.844Oct 2, 2020Close117.688Oct 20, 2020Close115.000Nov 4, 2020Close116.594Nov 20, 2020Close116.656Dec 8, 2020Close113.688Dec 23, 2020Close113.063Jan 11, 2021Close108.906Jan 27, 2021Close110.844Feb 11, 2021Close107.250Mar 1, 2021Close100.625Mar 16, 2021Close97.656Mar 31, 2021Close97.063Apr 15, 2021Close100.813Apr 30, 2021Close99.188May 17, 2021Close97.969Jun 2, 2021Close99.375Jun 17, 2021Close102.750Jul 2, 2021Close103.875Jul 20, 2021Close107.469Aug 4, 2021Close108.438Aug 19, 2021Close107.688Sep 3, 2021Close106.250Sep 21, 2021Close107.906Oct 6, 2021Close103.281Oct 22, 2021Close103.031Nov 8, 2021Close106.594Nov 24, 2021Close104.531Dec 10, 2021Close106.250Dec 28, 2021Close105.750Jan 12, 2022Close102.094Jan 28, 2022Close101.969Feb 14, 2022Close97.375Mar 2, 2022Close97.625Mar 17, 2022Close93.094Apr 1, 2022Close93.875Apr 19, 2022Close84.250May 4, 2022Close83.594May 19, 2022Close82.750Jun 6, 2022Close80.375Jun 22, 2022Close79.531Jul 8, 2022Close78.938Jul 25, 2022Close82.219Aug 9, 2022Close82.781Aug 24, 2022Close77.750Sep 9, 2022Close76.000Sep 26, 2022Close72.938Oct 12, 2022Close70.563Oct 27, 2022Close68.625Nov 14, 2022Close68.844Nov 30, 2022Close72.313Dec 15, 2022Close76.906Jan 3, 2023Close72.063Jan 19, 2023Close76.938Feb 3, 2023Close76.188Feb 21, 2023Close71.500Mar 8, 2023Close72.344Mar 23, 2023Close75.719Apr 7, 2023Close76.438Apr 24, 2023Close74.781May 9, 2023Close73.594May 24, 2023Close71.781Jun 9, 2023Close72.781Jun 27, 2023Close73.250Jul 13, 2023Close72.500Jul 28, 2023Close70.875Aug 14, 2023Close68.063Aug 29, 2023Close68.563Sep 14, 2023Close66.844Sep 29, 2023Close63.125Oct 17, 2023Close61.031Nov 1, 2023Close61.063Nov 16, 2023Close64.188Dec 4, 2023Close66.406Dec 19, 2023Close70.875Jan 5, 2024Close69.250Jan 23, 2024Close67.688Feb 7, 2024Close68.656Feb 23, 2024Close67.688Mar 11, 2024Close69.313Mar 26, 2024Close67.844Apr 10, 2024Close65.469Apr 25, 2024Close63.625May 10, 2024Close65.531May 28, 2024Close65.469Jun 12, 2024Close67.438Jun 28, 2024Close66.875Jul 16, 2024Close68.344Jul 31, 2024Close68.813Aug 15, 2024Close70.469Aug 30, 2024Close70.438Sep 17, 2024Close73.563Oct 2, 2024Close71.438Oct 18, 2024Close68.656Nov 4, 2024Close67.188Nov 20, 2024Close66.188Dec 6, 2024Close68.969Dec 23, 2024Close64.531Jan 9, 2025Close63.313Jan 27, 2025Close65.094Feb 11, 2025Close65.375Feb 27, 2025Close67.281Mar 14, 2025Close66.594Mar 31, 2025Close67.156Apr 15, 2025Close64.906Apr 30, 2025Close66.344May 15, 2025Close63.906Jun 2, 2025Close63.219Jun 17, 2025Close64.344Jul 3, 2025Close64.750Jul 21, 2025Close64.156Aug 5, 2025Close65.938Aug 20, 2025Close64.813Sep 5, 2025Close66.219Sep 22, 2025Close66.313Oct 7, 2025Close66.813Oct 23, 2025Close68.344Nov 7, 2025Close67.188Nov 25, 2025Close67.563Dec 11, 2025Close66.250Dec 29, 2025Close66.313Jan 14, 2026Close66.563Jan 30, 2026Close65.813Feb 17, 2026Close67.781Mar 4, 2026Close67.375Mar 19, 2026Close65.813Apr 3, 2026Close65.031Apr 20, 2026Close65.781May 5, 2026Close64.594May 20, 2026Close63.375Jun 5, 2026Close64.313Jun 23, 2026Close65.063Jul 9, 2026Close64.094Jul 24, 2026Close62.969Aug 10, 2026Close62.313Aug 25, 2026Close63.281Sep 9, 2026Close62.281
The most recent 20 trading days of prices for 912810RT7.
DateBidOfferClose
Sep 9, 202662.12562.09462.281
Sep 8, 202662.62562.59462.500
Sep 4, 202662.64162.59462.594
Sep 3, 202662.75062.71962.563
Sep 2, 202662.32862.28162.344
Sep 1, 202662.59462.56362.313
Aug 31, 202662.46962.43862.563
Aug 28, 202663.14163.09462.813
Aug 27, 202663.21963.18863.063
Aug 26, 202663.18863.15663.156
Aug 25, 202663.28163.25063.281
Aug 24, 202662.90662.87562.750
Aug 21, 202662.46962.43862.344
Aug 20, 202662.59462.56362.750
Aug 19, 202662.93862.90663.063
Aug 18, 202662.00061.96962.094
Aug 17, 202662.10962.09461.875
Aug 14, 202662.28162.25062.313
Aug 13, 202662.76662.75062.750
Aug 12, 202662.54762.53162.375

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 912810RT7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 11, 2016Aug 15, 2016New issue$15.0bn$16.5bn2.24x2.274%
Sep 13, 2016Sep 15, 2016Reopening$12.0bn$12.0bn2.13x2.475%
Oct 13, 2016Oct 17, 2016Reopening$12.0bn$12.0bn2.44x2.470%

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.