Treasury bond

912810SL3 · 2% due February 15, 2050

Original term
30-Year
Maturity
Feb 15, 2050
Coupon
2.000%
Pays
Semi-Annual
Dated
Feb 15, 2020
First coupon
Aug 15, 2020
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$59.12bn
Held stripped
$9.84bn
Share stripped
16.65%

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
5.380%
Modified duration
16.329 yr
DV01
0.0905
Convexity
339.579
Dirty price
55.423

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 11 of twelve buckets, summing to 16.552 years against a modified duration of 16.329.

Against the fitted curve

Priced 2.0 bp rich to the curve on that day, 18.17 cents per 100 of face.

That is -0.59 standard deviations from its own typical residual.

Yield to maturity, 1,644 observations

0%1%2%3%4%5%6%Feb 18, 2020Sep 9, 2026Feb 18, 2020Yield to maturity2.003%Feb 27, 2020Yield to maturity1.793%Mar 9, 2020Yield to maturity0.994%Mar 18, 2020Yield to maturity1.770%Mar 27, 2020Yield to maturity1.286%Apr 7, 2020Yield to maturity1.318%Apr 17, 2020Yield to maturity1.267%Apr 28, 2020Yield to maturity1.201%May 7, 2020Yield to maturity1.311%May 18, 2020Yield to maturity1.428%May 28, 2020Yield to maturity1.456%Jun 8, 2020Yield to maturity1.636%Jun 17, 2020Yield to maturity1.508%Jun 26, 2020Yield to maturity1.361%Jul 8, 2020Yield to maturity1.377%Jul 17, 2020Yield to maturity1.317%Jul 28, 2020Yield to maturity1.210%Aug 6, 2020Yield to maturity1.188%Aug 17, 2020Yield to maturity1.421%Aug 26, 2020Yield to maturity1.402%Sep 4, 2020Yield to maturity1.448%Sep 16, 2020Yield to maturity1.434%Sep 25, 2020Yield to maturity1.393%Oct 6, 2020Yield to maturity1.541%Oct 16, 2020Yield to maturity1.508%Oct 27, 2020Yield to maturity1.553%Nov 5, 2020Yield to maturity1.519%Nov 17, 2020Yield to maturity1.596%Nov 27, 2020Yield to maturity1.557%Dec 8, 2020Yield to maturity1.652%Dec 17, 2020Yield to maturity1.662%Dec 29, 2020Yield to maturity1.655%Jan 8, 2021Yield to maturity1.855%Jan 20, 2021Yield to maturity1.819%Jan 29, 2021Yield to maturity1.847%Feb 9, 2021Yield to maturity1.938%Feb 19, 2021Yield to maturity2.132%Mar 2, 2021Yield to maturity2.208%Mar 11, 2021Yield to maturity2.277%Mar 22, 2021Yield to maturity2.378%Mar 31, 2021Yield to maturity2.412%Apr 9, 2021Yield to maturity2.336%Apr 20, 2021Yield to maturity2.267%Apr 29, 2021Yield to maturity2.309%May 10, 2021Yield to maturity2.323%May 19, 2021Yield to maturity2.396%May 28, 2021Yield to maturity2.275%Jun 9, 2021Yield to maturity2.185%Jun 18, 2021Yield to maturity2.029%Jun 29, 2021Yield to maturity2.111%Jul 9, 2021Yield to maturity1.999%Jul 20, 2021Yield to maturity1.889%Jul 29, 2021Yield to maturity1.929%Aug 9, 2021Yield to maturity1.971%Aug 18, 2021Yield to maturity1.914%Aug 27, 2021Yield to maturity1.916%Sep 8, 2021Yield to maturity1.954%Sep 17, 2021Yield to maturity1.907%Sep 28, 2021Yield to maturity2.075%Oct 7, 2021Yield to maturity2.136%Oct 19, 2021Yield to maturity2.094%Oct 28, 2021Yield to maturity1.964%Nov 8, 2021Yield to maturity1.894%Nov 18, 2021Yield to maturity1.984%Nov 30, 2021Yield to maturity1.789%Dec 9, 2021Yield to maturity1.878%Dec 20, 2021Yield to maturity1.870%Dec 30, 2021Yield to maturity1.943%Jan 10, 2022Yield to maturity2.125%Jan 20, 2022Yield to maturity2.150%Jan 31, 2022Yield to maturity2.120%Feb 9, 2022Yield to maturity2.271%Feb 18, 2022Yield to maturity2.282%Mar 2, 2022Yield to maturity2.279%Mar 11, 2022Yield to maturity2.401%Mar 22, 2022Yield to maturity2.641%Mar 31, 2022Yield to maturity2.484%Apr 11, 2022Yield to maturity2.882%Apr 21, 2022Yield to maturity2.989%May 2, 2022Yield to maturity3.126%May 11, 2022Yield to maturity3.129%May 20, 2022Yield to maturity3.068%Jun 1, 2022Yield to maturity3.182%Jun 10, 2022Yield to maturity3.286%Jun 22, 2022Yield to maturity3.327%Jul 1, 2022Yield to maturity3.183%Jul 13, 2022Yield to maturity3.150%Jul 22, 2022Yield to maturity3.071%Aug 2, 2022Yield to maturity3.075%Aug 11, 2022Yield to maturity3.236%Aug 22, 2022Yield to maturity3.338%Aug 31, 2022Yield to maturity3.355%Sep 12, 2022Yield to maturity3.619%Sep 21, 2022Yield to maturity3.580%Sep 30, 2022Yield to maturity3.871%Oct 12, 2022Yield to maturity3.987%Oct 21, 2022Yield to maturity4.406%Nov 1, 2022Yield to maturity4.213%Nov 10, 2022Yield to maturity4.143%Nov 22, 2022Yield to maturity3.964%Dec 2, 2022Yield to maturity3.675%Dec 13, 2022Yield to maturity3.614%Dec 22, 2022Yield to maturity3.820%Jan 4, 2023Yield to maturity3.898%Jan 13, 2023Yield to maturity3.694%Jan 25, 2023Yield to maturity3.686%Feb 3, 2023Yield to maturity3.685%Feb 14, 2023Yield to maturity3.844%Feb 24, 2023Yield to maturity3.995%Mar 7, 2023Yield to maturity3.935%Mar 16, 2023Yield to maturity3.764%Mar 27, 2023Yield to maturity3.821%Apr 5, 2023Yield to maturity3.618%Apr 14, 2023Yield to maturity3.793%Apr 25, 2023Yield to maturity3.702%May 4, 2023Yield to maturity3.773%May 15, 2023Yield to maturity3.899%May 24, 2023Yield to maturity4.045%Jun 5, 2023Yield to maturity3.963%Jun 14, 2023Yield to maturity3.959%Jun 26, 2023Yield to maturity3.886%Jul 6, 2023Yield to maturity4.071%Jul 17, 2023Yield to maturity4.001%Jul 26, 2023Yield to maturity3.997%Aug 4, 2023Yield to maturity4.271%Aug 15, 2023Yield to maturity4.401%Aug 24, 2023Yield to maturity4.386%Sep 5, 2023Yield to maturity4.459%Sep 14, 2023Yield to maturity4.480%Sep 25, 2023Yield to maturity4.762%Oct 4, 2023Yield to maturity4.966%Oct 16, 2023Yield to maturity4.972%Oct 25, 2023Yield to maturity5.180%Nov 3, 2023Yield to maturity4.860%Nov 14, 2023Yield to maturity4.728%Nov 24, 2023Yield to maturity4.739%Dec 5, 2023Yield to maturity4.424%Dec 14, 2023Yield to maturity4.158%Dec 26, 2023Yield to maturity4.172%Jan 5, 2024Yield to maturity4.327%Jan 17, 2024Yield to maturity4.434%Jan 26, 2024Yield to maturity4.506%Feb 6, 2024Yield to maturity4.411%Feb 15, 2024Yield to maturity4.531%Feb 27, 2024Yield to maturity4.553%Mar 7, 2024Yield to maturity4.359%Mar 18, 2024Yield to maturity4.563%Mar 27, 2024Yield to maturity4.453%Apr 5, 2024Yield to maturity4.630%Apr 16, 2024Yield to maturity4.853%Apr 25, 2024Yield to maturity4.894%May 6, 2024Yield to maturity4.723%May 15, 2024Yield to maturity4.608%May 24, 2024Yield to maturity4.663%Jun 5, 2024Yield to maturity4.536%Jun 14, 2024Yield to maturity4.449%Jun 26, 2024Yield to maturity4.546%Jul 8, 2024Yield to maturity4.562%Jul 17, 2024Yield to maturity4.480%Jul 26, 2024Yield to maturity4.561%Aug 6, 2024Yield to maturity4.309%Aug 15, 2024Yield to maturity4.316%Aug 26, 2024Yield to maturity4.254%Sep 5, 2024Yield to maturity4.153%Sep 16, 2024Yield to maturity4.070%Sep 25, 2024Yield to maturity4.267%Oct 4, 2024Yield to maturity4.404%Oct 16, 2024Yield to maturity4.433%Oct 25, 2024Yield to maturity4.636%Nov 5, 2024Yield to maturity4.572%Nov 15, 2024Yield to maturity4.758%Nov 26, 2024Yield to maturity4.637%Dec 6, 2024Yield to maturity4.480%Dec 17, 2024Yield to maturity4.732%Dec 27, 2024Yield to maturity4.956%Jan 8, 2025Yield to maturity5.050%Jan 17, 2025Yield to maturity4.961%Jan 29, 2025Yield to maturity4.914%Feb 7, 2025Yield to maturity4.813%Feb 19, 2025Yield to maturity4.888%Feb 28, 2025Yield to maturity4.648%Mar 11, 2025Yield to maturity4.741%Mar 20, 2025Yield to maturity4.684%Mar 31, 2025Yield to maturity4.722%Apr 9, 2025Yield to maturity4.878%Apr 18, 2025Yield to maturity4.951%Apr 29, 2025Yield to maturity4.776%May 8, 2025Yield to maturity4.974%May 19, 2025Yield to maturity5.059%May 29, 2025Yield to maturity5.056%Jun 9, 2025Yield to maturity5.090%Jun 18, 2025Yield to maturity5.016%Jun 30, 2025Yield to maturity4.900%Jul 10, 2025Yield to maturity4.977%Jul 21, 2025Yield to maturity5.050%Jul 30, 2025Yield to maturity5.004%Aug 8, 2025Yield to maturity4.960%Aug 19, 2025Yield to maturity5.003%Aug 28, 2025Yield to maturity4.980%Sep 9, 2025Yield to maturity4.813%Sep 18, 2025Yield to maturity4.818%Sep 29, 2025Yield to maturity4.805%Oct 8, 2025Yield to maturity4.816%Oct 20, 2025Yield to maturity4.666%Oct 29, 2025Yield to maturity4.701%Nov 7, 2025Yield to maturity4.796%Nov 19, 2025Yield to maturity4.853%Dec 1, 2025Yield to maturity4.844%Dec 10, 2025Yield to maturity4.889%Dec 19, 2025Yield to maturity4.935%Dec 31, 2025Yield to maturity4.951%Jan 12, 2026Yield to maturity4.938%Jan 22, 2026Yield to maturity4.943%Feb 2, 2026Yield to maturity5.000%Feb 11, 2026Yield to maturity4.908%Feb 23, 2026Yield to maturity4.794%Mar 4, 2026Yield to maturity4.817%Mar 13, 2026Yield to maturity5.020%Mar 24, 2026Yield to maturity5.067%Apr 2, 2026Yield to maturity4.996%Apr 13, 2026Yield to maturity5.005%Apr 22, 2026Yield to maturity5.004%May 1, 2026Yield to maturity5.077%May 12, 2026Yield to maturity5.138%May 21, 2026Yield to maturity5.210%Jun 2, 2026Yield to maturity5.075%Jun 11, 2026Yield to maturity5.062%Jun 23, 2026Yield to maturity5.055%Jul 2, 2026Yield to maturity5.094%Jul 14, 2026Yield to maturity5.192%Jul 23, 2026Yield to maturity5.288%Aug 3, 2026Yield to maturity5.342%Aug 12, 2026Yield to maturity5.359%Aug 21, 2026Yield to maturity5.372%Sep 1, 2026Yield to maturity5.368%Sep 9, 2026Yield to maturity5.380%

Price history

1,644 trading days to Sep 9, 2026

406080100120140Feb 18, 2020Sep 9, 2026Feb 18, 2020Close99.938Feb 27, 2020Close104.781Mar 9, 2020Close126.000Mar 18, 2020Close105.313Mar 27, 2020Close117.656Apr 7, 2020Close116.781Apr 17, 2020Close118.156Apr 28, 2020Close119.969May 7, 2020Close116.938May 18, 2020Close113.813May 28, 2020Close113.094Jun 8, 2020Close108.531Jun 17, 2020Close111.719Jun 26, 2020Close115.531Jul 8, 2020Close115.094Jul 17, 2020Close116.688Jul 28, 2020Close119.563Aug 6, 2020Close120.156Aug 17, 2020Close113.906Aug 26, 2020Close114.406Sep 4, 2020Close113.188Sep 16, 2020Close113.531Sep 25, 2020Close114.594Oct 6, 2020Close110.813Oct 16, 2020Close111.625Oct 27, 2020Close110.500Nov 5, 2020Close111.344Nov 17, 2020Close109.406Nov 27, 2020Close110.375Dec 8, 2020Close108.031Dec 17, 2020Close107.781Dec 29, 2020Close107.938Jan 8, 2021Close103.250Jan 20, 2021Close104.063Jan 29, 2021Close103.438Feb 9, 2021Close101.375Feb 19, 2021Close97.156Mar 2, 2021Close95.563Mar 11, 2021Close94.156Mar 22, 2021Close92.125Mar 31, 2021Close91.469Apr 9, 2021Close92.969Apr 20, 2021Close94.375Apr 29, 2021Close93.531May 10, 2021Close93.250May 19, 2021Close91.813May 28, 2021Close94.219Jun 9, 2021Close96.063Jun 18, 2021Close99.375Jun 29, 2021Close97.625Jul 9, 2021Close100.031Jul 20, 2021Close102.438Jul 29, 2021Close101.563Aug 9, 2021Close100.625Aug 18, 2021Close101.875Aug 27, 2021Close101.844Sep 8, 2021Close101.000Sep 17, 2021Close102.031Sep 28, 2021Close98.406Oct 7, 2021Close97.125Oct 19, 2021Close98.000Oct 28, 2021Close100.781Nov 8, 2021Close102.313Nov 18, 2021Close100.344Nov 30, 2021Close104.656Dec 9, 2021Close102.656Dec 20, 2021Close102.844Dec 30, 2021Close101.219Jan 10, 2022Close97.375Jan 20, 2022Close96.844Jan 31, 2022Close97.469Feb 9, 2022Close94.406Feb 18, 2022Close94.188Mar 2, 2022Close94.250Mar 11, 2022Close91.875Mar 22, 2022Close87.406Mar 31, 2022Close90.313Apr 11, 2022Close83.188Apr 21, 2022Close81.406May 2, 2022Close79.188May 11, 2022Close79.156May 20, 2022Close80.156Jun 1, 2022Close78.344Jun 10, 2022Close76.750Jun 22, 2022Close76.125Jul 1, 2022Close78.375Jul 13, 2022Close78.906Jul 22, 2022Close80.188Aug 2, 2022Close80.125Aug 11, 2022Close77.594Aug 22, 2022Close76.063Aug 31, 2022Close75.813Sep 12, 2022Close72.000Sep 21, 2022Close72.563Sep 30, 2022Close68.594Oct 12, 2022Close67.094Oct 21, 2022Close62.000Nov 1, 2022Close64.313Nov 10, 2022Close65.188Nov 22, 2022Close67.469Dec 2, 2022Close71.344Dec 13, 2022Close72.219Dec 22, 2022Close69.406Jan 4, 2023Close68.406Jan 13, 2023Close71.156Jan 25, 2023Close71.281Feb 3, 2023Close71.313Feb 14, 2023Close69.188Feb 24, 2023Close67.250Mar 7, 2023Close68.031Mar 16, 2023Close70.313Mar 27, 2023Close69.563Apr 5, 2023Close72.344Apr 14, 2023Close69.969Apr 25, 2023Close71.219May 4, 2023Close70.281May 15, 2023Close68.625May 24, 2023Close66.781Jun 5, 2023Close67.844Jun 14, 2023Close67.906Jun 26, 2023Close68.875Jul 6, 2023Close66.531Jul 17, 2023Close67.438Jul 26, 2023Close67.500Aug 4, 2023Close64.156Aug 15, 2023Close62.656Aug 24, 2023Close62.844Sep 5, 2023Close62.031Sep 14, 2023Close61.813Sep 25, 2023Close58.750Oct 4, 2023Close56.656Oct 16, 2023Close56.625Oct 25, 2023Close54.594Nov 3, 2023Close57.813Nov 14, 2023Close59.219Nov 24, 2023Close59.125Dec 5, 2023Close62.625Dec 14, 2023Close65.781Dec 26, 2023Close65.625Jan 5, 2024Close63.813Jan 17, 2024Close62.594Jan 26, 2024Close61.813Feb 6, 2024Close62.906Feb 15, 2024Close61.563Feb 27, 2024Close61.344Mar 7, 2024Close63.563Mar 18, 2024Close61.281Mar 27, 2024Close62.531Apr 5, 2024Close60.594Apr 16, 2024Close58.250Apr 25, 2024Close57.844May 6, 2024Close59.656May 15, 2024Close60.906May 24, 2024Close60.344Jun 5, 2024Close61.750Jun 14, 2024Close62.750Jun 26, 2024Close61.688Jul 8, 2024Close61.531Jul 17, 2024Close62.469Jul 26, 2024Close61.594Aug 6, 2024Close64.469Aug 15, 2024Close64.406Aug 26, 2024Close65.156Sep 5, 2024Close66.375Sep 16, 2024Close67.406Sep 25, 2024Close65.063Oct 4, 2024Close63.500Oct 16, 2024Close63.188Oct 25, 2024Close60.969Nov 5, 2024Close61.688Nov 15, 2024Close59.719Nov 26, 2024Close61.031Dec 6, 2024Close62.781Dec 17, 2024Close60.063Dec 27, 2024Close57.781Jan 8, 2025Close56.875Jan 17, 2025Close57.781Jan 29, 2025Close58.281Feb 7, 2025Close59.344Feb 19, 2025Close58.594Feb 28, 2025Close61.125Mar 11, 2025Close60.156Mar 20, 2025Close60.781Mar 31, 2025Close60.406Apr 9, 2025Close58.813Apr 18, 2025Close58.094Apr 29, 2025Close59.906May 8, 2025Close57.906May 19, 2025Close57.094May 29, 2025Close57.156Jun 9, 2025Close56.844Jun 18, 2025Close57.594Jun 30, 2025Close58.781Jul 10, 2025Close58.031Jul 21, 2025Close57.344Jul 30, 2025Close57.813Aug 8, 2025Close58.281Aug 19, 2025Close57.875Aug 28, 2025Close58.125Sep 9, 2025Close59.844Sep 18, 2025Close59.813Sep 29, 2025Close59.969Oct 8, 2025Close59.875Oct 20, 2025Close61.469Oct 29, 2025Close61.125Nov 7, 2025Close60.156Nov 19, 2025Close59.594Dec 1, 2025Close59.719Dec 10, 2025Close59.281Dec 19, 2025Close58.844Dec 31, 2025Close58.719Jan 12, 2026Close58.875Jan 22, 2026Close58.844Feb 2, 2026Close58.313Feb 11, 2026Close59.250Feb 23, 2026Close60.438Mar 4, 2026Close60.219Mar 13, 2026Close58.219Mar 24, 2026Close57.781Apr 2, 2026Close58.500Apr 13, 2026Close58.438Apr 22, 2026Close58.469May 1, 2026Close57.781May 12, 2026Close57.219May 21, 2026Close56.563Jun 2, 2026Close57.875Jun 11, 2026Close58.031Jun 23, 2026Close58.125Jul 2, 2026Close57.781Jul 14, 2026Close56.875Jul 23, 2026Close56.000Aug 3, 2026Close55.531Aug 12, 2026Close55.406Aug 21, 2026Close55.313Sep 1, 2026Close55.375Sep 9, 2026Close55.281
The most recent 20 trading days of prices for 912810SL3.
DateBidOfferClose
Sep 9, 202655.15655.12555.281
Sep 8, 202655.65655.62555.531
Sep 4, 202655.65655.62555.594
Sep 3, 202655.73455.71955.563
Sep 2, 202655.37555.34455.344
Sep 1, 202655.60955.56355.375
Aug 31, 202655.46955.43855.563
Aug 28, 202656.18856.15655.875
Aug 27, 202656.21956.18856.063
Aug 26, 202656.21956.18856.156
Aug 25, 202656.25056.21956.281
Aug 24, 202655.87555.84455.750
Aug 21, 202655.40655.37555.313
Aug 20, 202655.50055.46955.656
Aug 19, 202655.87555.84455.969
Aug 18, 202654.93854.90655.031
Aug 17, 202655.07855.06354.844
Aug 14, 202655.25055.21955.313
Aug 13, 202655.75055.71955.719
Aug 12, 202655.56355.53155.406

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 912810SL3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 13, 2020Feb 18, 2020New issue$19.0bn$27.4bn2.43x2.061%
Mar 12, 2020Mar 16, 2020Reopening$16.0bn$16.0bn2.36x1.320%
Apr 8, 2020Apr 15, 2020Reopening$17.0bn$17.1bn2.35x1.325%

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.