Treasury bond

912810TC2 · 2% due November 15, 2041

Original term
20-Year
Maturity
Nov 15, 2041
Coupon
2.000%
Pays
Semi-Annual
Dated
Nov 15, 2021
First coupon
May 15, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$68.49bn
Held stripped
$14.7m
Share stripped
0.02%

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
5.193%
Modified duration
12.152 yr
DV01
0.0819
Convexity
174.403
Dirty price
67.391

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 12.415 years against a modified duration of 12.152.

Against the fitted curve

Priced 0.6 bp cheap to the curve on that day, 4.93 cents per 100 of face.

That is -1.37 standard deviations from its own typical residual.

Yield to maturity, 1,196 observations

1%2%3%4%5%6%Nov 30, 2021Sep 9, 2026Nov 30, 2021Yield to maturity1.846%Dec 7, 2021Yield to maturity1.879%Dec 14, 2021Yield to maturity1.864%Dec 21, 2021Yield to maturity1.911%Dec 29, 2021Yield to maturity1.996%Jan 5, 2022Yield to maturity2.120%Jan 12, 2022Yield to maturity2.136%Jan 20, 2022Yield to maturity2.201%Jan 27, 2022Yield to maturity2.174%Feb 3, 2022Yield to maturity2.204%Feb 10, 2022Yield to maturity2.376%Feb 17, 2022Yield to maturity2.370%Feb 25, 2022Yield to maturity2.394%Mar 4, 2022Yield to maturity2.246%Mar 11, 2022Yield to maturity2.461%Mar 18, 2022Yield to maturity2.544%Mar 25, 2022Yield to maturity2.765%Apr 1, 2022Yield to maturity2.614%Apr 8, 2022Yield to maturity2.971%Apr 18, 2022Yield to maturity3.158%Apr 25, 2022Yield to maturity3.095%May 2, 2022Yield to maturity3.291%May 9, 2022Yield to maturity3.425%May 16, 2022Yield to maturity3.338%May 23, 2022Yield to maturity3.309%May 31, 2022Yield to maturity3.315%Jun 7, 2022Yield to maturity3.394%Jun 14, 2022Yield to maturity3.770%Jun 22, 2022Yield to maturity3.537%Jun 29, 2022Yield to maturity3.522%Jul 7, 2022Yield to maturity3.508%Jul 14, 2022Yield to maturity3.415%Jul 21, 2022Yield to maturity3.391%Jul 28, 2022Yield to maturity3.279%Aug 4, 2022Yield to maturity3.211%Aug 11, 2022Yield to maturity3.435%Aug 18, 2022Yield to maturity3.418%Aug 25, 2022Yield to maturity3.540%Sep 1, 2022Yield to maturity3.721%Sep 9, 2022Yield to maturity3.807%Sep 16, 2022Yield to maturity3.900%Sep 23, 2022Yield to maturity3.994%Sep 30, 2022Yield to maturity4.188%Oct 7, 2022Yield to maturity4.249%Oct 17, 2022Yield to maturity4.395%Oct 24, 2022Yield to maturity4.697%Oct 31, 2022Yield to maturity4.544%Nov 7, 2022Yield to maturity4.654%Nov 15, 2022Yield to maturity4.297%Nov 22, 2022Yield to maturity4.163%Nov 30, 2022Yield to maturity4.098%Dec 7, 2022Yield to maturity3.762%Dec 14, 2022Yield to maturity3.827%Dec 21, 2022Yield to maturity4.014%Dec 29, 2022Yield to maturity4.161%Jan 6, 2023Yield to maturity3.899%Jan 13, 2023Yield to maturity3.826%Jan 23, 2023Yield to maturity3.847%Jan 30, 2023Yield to maturity3.834%Feb 6, 2023Yield to maturity3.878%Feb 13, 2023Yield to maturity3.967%Feb 21, 2023Yield to maturity4.195%Feb 28, 2023Yield to maturity4.159%Mar 7, 2023Yield to maturity4.169%Mar 14, 2023Yield to maturity3.962%Mar 21, 2023Yield to maturity3.967%Mar 28, 2023Yield to maturity3.954%Apr 4, 2023Yield to maturity3.771%Apr 11, 2023Yield to maturity3.797%Apr 18, 2023Yield to maturity3.956%Apr 25, 2023Yield to maturity3.814%May 2, 2023Yield to maturity3.869%May 9, 2023Yield to maturity3.981%May 16, 2023Yield to maturity4.009%May 23, 2023Yield to maturity4.139%May 31, 2023Yield to maturity4.059%Jun 7, 2023Yield to maturity4.158%Jun 14, 2023Yield to maturity4.130%Jun 22, 2023Yield to maturity4.102%Jun 29, 2023Yield to maturity4.154%Jul 7, 2023Yield to maturity4.307%Jul 14, 2023Yield to maturity4.144%Jul 21, 2023Yield to maturity4.140%Jul 28, 2023Yield to maturity4.259%Aug 4, 2023Yield to maturity4.395%Aug 11, 2023Yield to maturity4.479%Aug 18, 2023Yield to maturity4.579%Aug 25, 2023Yield to maturity4.527%Sep 1, 2023Yield to maturity4.510%Sep 11, 2023Yield to maturity4.592%Sep 18, 2023Yield to maturity4.620%Sep 25, 2023Yield to maturity4.897%Oct 2, 2023Yield to maturity5.065%Oct 10, 2023Yield to maturity5.089%Oct 17, 2023Yield to maturity5.201%Oct 24, 2023Yield to maturity5.211%Oct 31, 2023Yield to maturity5.271%Nov 7, 2023Yield to maturity4.947%Nov 14, 2023Yield to maturity4.837%Nov 21, 2023Yield to maturity4.810%Nov 29, 2023Yield to maturity4.683%Dec 6, 2023Yield to maturity4.463%Dec 13, 2023Yield to maturity4.408%Dec 20, 2023Yield to maturity4.204%Dec 28, 2023Yield to maturity4.155%Jan 5, 2024Yield to maturity4.391%Jan 12, 2024Yield to maturity4.334%Jan 22, 2024Yield to maturity4.461%Jan 29, 2024Yield to maturity4.441%Feb 5, 2024Yield to maturity4.491%Feb 12, 2024Yield to maturity4.516%Feb 20, 2024Yield to maturity4.602%Feb 27, 2024Yield to maturity4.628%Mar 5, 2024Yield to maturity4.437%Mar 12, 2024Yield to maturity4.458%Mar 19, 2024Yield to maturity4.582%Mar 26, 2024Yield to maturity4.523%Apr 2, 2024Yield to maturity4.639%Apr 9, 2024Yield to maturity4.615%Apr 16, 2024Yield to maturity4.913%Apr 23, 2024Yield to maturity4.864%Apr 30, 2024Yield to maturity4.918%May 7, 2024Yield to maturity4.704%May 14, 2024Yield to maturity4.703%May 21, 2024Yield to maturity4.663%May 29, 2024Yield to maturity4.857%Jun 5, 2024Yield to maturity4.533%Jun 12, 2024Yield to maturity4.565%Jun 20, 2024Yield to maturity4.499%Jun 27, 2024Yield to maturity4.544%Jul 5, 2024Yield to maturity4.576%Jul 12, 2024Yield to maturity4.494%Jul 19, 2024Yield to maturity4.551%Jul 26, 2024Yield to maturity4.537%Aug 2, 2024Yield to maturity4.154%Aug 9, 2024Yield to maturity4.315%Aug 16, 2024Yield to maturity4.257%Aug 23, 2024Yield to maturity4.191%Aug 30, 2024Yield to maturity4.296%Sep 9, 2024Yield to maturity4.082%Sep 16, 2024Yield to maturity4.008%Sep 23, 2024Yield to maturity4.144%Sep 30, 2024Yield to maturity4.189%Oct 7, 2024Yield to maturity4.389%Oct 15, 2024Yield to maturity4.389%Oct 22, 2024Yield to maturity4.569%Oct 29, 2024Yield to maturity4.625%Nov 5, 2024Yield to maturity4.568%Nov 13, 2024Yield to maturity4.744%Nov 20, 2024Yield to maturity4.699%Nov 27, 2024Yield to maturity4.546%Dec 5, 2024Yield to maturity4.444%Dec 12, 2024Yield to maturity4.647%Dec 19, 2024Yield to maturity4.874%Dec 27, 2024Yield to maturity4.927%Jan 6, 2025Yield to maturity4.923%Jan 13, 2025Yield to maturity5.071%Jan 21, 2025Yield to maturity4.880%Jan 28, 2025Yield to maturity4.851%Feb 4, 2025Yield to maturity4.806%Feb 11, 2025Yield to maturity4.798%Feb 19, 2025Yield to maturity4.815%Feb 26, 2025Yield to maturity4.550%Mar 5, 2025Yield to maturity4.613%Mar 12, 2025Yield to maturity4.666%Mar 19, 2025Yield to maturity4.581%Mar 26, 2025Yield to maturity4.698%Apr 2, 2025Yield to maturity4.552%Apr 9, 2025Yield to maturity4.782%Apr 16, 2025Yield to maturity4.774%Apr 23, 2025Yield to maturity4.860%Apr 30, 2025Yield to maturity4.667%May 7, 2025Yield to maturity4.783%May 14, 2025Yield to maturity5.014%May 21, 2025Yield to maturity5.122%May 29, 2025Yield to maturity4.942%Jun 5, 2025Yield to maturity4.891%Jun 12, 2025Yield to maturity4.831%Jun 20, 2025Yield to maturity4.891%Jun 27, 2025Yield to maturity4.845%Jul 7, 2025Yield to maturity4.922%Jul 14, 2025Yield to maturity4.949%Jul 21, 2025Yield to maturity4.906%Jul 28, 2025Yield to maturity4.927%Aug 4, 2025Yield to maturity4.730%Aug 11, 2025Yield to maturity4.784%Aug 18, 2025Yield to maturity4.885%Aug 25, 2025Yield to maturity4.825%Sep 2, 2025Yield to maturity4.881%Sep 9, 2025Yield to maturity4.616%Sep 16, 2025Yield to maturity4.558%Sep 23, 2025Yield to maturity4.639%Sep 30, 2025Yield to maturity4.648%Oct 7, 2025Yield to maturity4.640%Oct 15, 2025Yield to maturity4.558%Oct 22, 2025Yield to maturity4.460%Oct 29, 2025Yield to maturity4.536%Nov 5, 2025Yield to maturity4.662%Nov 13, 2025Yield to maturity4.620%Nov 20, 2025Yield to maturity4.629%Nov 28, 2025Yield to maturity4.561%Dec 5, 2025Yield to maturity4.708%Dec 12, 2025Yield to maturity4.778%Dec 19, 2025Yield to maturity4.728%Dec 29, 2025Yield to maturity4.682%Jan 6, 2026Yield to maturity4.727%Jan 13, 2026Yield to maturity4.692%Jan 21, 2026Yield to maturity4.761%Jan 28, 2026Yield to maturity4.750%Feb 4, 2026Yield to maturity4.795%Feb 11, 2026Yield to maturity4.689%Feb 19, 2026Yield to maturity4.578%Feb 26, 2026Yield to maturity4.526%Mar 5, 2026Yield to maturity4.632%Mar 12, 2026Yield to maturity4.796%Mar 19, 2026Yield to maturity4.763%Mar 26, 2026Yield to maturity4.909%Apr 2, 2026Yield to maturity4.808%Apr 9, 2026Yield to maturity4.811%Apr 16, 2026Yield to maturity4.832%Apr 23, 2026Yield to maturity4.835%Apr 30, 2026Yield to maturity4.899%May 7, 2026Yield to maturity4.888%May 14, 2026Yield to maturity4.941%May 21, 2026Yield to maturity5.033%May 29, 2026Yield to maturity4.901%Jun 5, 2026Yield to maturity4.959%Jun 12, 2026Yield to maturity4.907%Jun 22, 2026Yield to maturity4.896%Jun 29, 2026Yield to maturity4.780%Jul 7, 2026Yield to maturity4.976%Jul 14, 2026Yield to maturity5.016%Jul 21, 2026Yield to maturity5.067%Jul 28, 2026Yield to maturity5.044%Aug 4, 2026Yield to maturity5.107%Aug 11, 2026Yield to maturity5.171%Aug 18, 2026Yield to maturity5.193%Aug 25, 2026Yield to maturity5.061%Sep 1, 2026Yield to maturity5.181%Sep 9, 2026Yield to maturity5.193%

Price history

1,196 trading days to Sep 9, 2026

60708090100110Nov 30, 2021Sep 9, 2026Nov 30, 2021Close102.563Dec 7, 2021Close102.000Dec 14, 2021Close102.250Dec 21, 2021Close101.469Dec 29, 2021Close100.063Jan 5, 2022Close98.063Jan 12, 2022Close97.813Jan 20, 2022Close96.781Jan 27, 2022Close97.219Feb 3, 2022Close96.750Feb 10, 2022Close94.094Feb 17, 2022Close94.188Feb 25, 2022Close93.844Mar 4, 2022Close96.094Mar 11, 2022Close92.844Mar 18, 2022Close91.625Mar 25, 2022Close88.469Apr 1, 2022Close90.625Apr 8, 2022Close85.656Apr 18, 2022Close83.188Apr 25, 2022Close84.031May 2, 2022Close81.500May 9, 2022Close79.844May 16, 2022Close80.938May 23, 2022Close81.313May 31, 2022Close81.250Jun 7, 2022Close80.281Jun 14, 2022Close75.781Jun 22, 2022Close78.563Jun 29, 2022Close78.750Jul 7, 2022Close78.938Jul 14, 2022Close80.094Jul 21, 2022Close80.406Jul 28, 2022Close81.813Aug 4, 2022Close82.688Aug 11, 2022Close79.906Aug 18, 2022Close80.125Aug 25, 2022Close78.656Sep 1, 2022Close76.531Sep 9, 2022Close75.563Sep 16, 2022Close74.531Sep 23, 2022Close73.500Sep 30, 2022Close71.406Oct 7, 2022Close70.781Oct 17, 2022Close69.281Oct 24, 2022Close66.281Oct 31, 2022Close67.813Nov 7, 2022Close66.750Nov 15, 2022Close70.375Nov 22, 2022Close71.813Nov 30, 2022Close72.531Dec 7, 2022Close76.281Dec 14, 2022Close75.563Dec 21, 2022Close73.500Dec 29, 2022Close71.938Jan 6, 2023Close74.813Jan 13, 2023Close75.656Jan 23, 2023Close75.438Jan 30, 2023Close75.594Feb 6, 2023Close75.125Feb 13, 2023Close74.156Feb 21, 2023Close71.719Feb 28, 2023Close72.125Mar 7, 2023Close72.031Mar 14, 2023Close74.281Mar 21, 2023Close74.250Mar 28, 2023Close74.406Apr 4, 2023Close76.469Apr 11, 2023Close76.188Apr 18, 2023Close74.438Apr 25, 2023Close76.031May 2, 2023Close75.438May 9, 2023Close74.219May 16, 2023Close73.938May 23, 2023Close72.563May 31, 2023Close73.438Jun 7, 2023Close72.406Jun 14, 2023Close72.719Jun 22, 2023Close73.031Jun 29, 2023Close72.500Jul 7, 2023Close70.938Jul 14, 2023Close72.656Jul 21, 2023Close72.719Jul 28, 2023Close71.500Aug 4, 2023Close70.125Aug 11, 2023Close69.313Aug 18, 2023Close68.344Aug 25, 2023Close68.875Sep 1, 2023Close69.063Sep 11, 2023Close68.281Sep 18, 2023Close68.031Sep 25, 2023Close65.438Oct 2, 2023Close63.938Oct 10, 2023Close63.750Oct 17, 2023Close62.781Oct 24, 2023Close62.719Oct 31, 2023Close62.219Nov 7, 2023Close65.125Nov 14, 2023Close66.156Nov 21, 2023Close66.438Nov 29, 2023Close67.656Dec 6, 2023Close69.813Dec 13, 2023Close70.375Dec 20, 2023Close72.469Dec 28, 2023Close73.000Jan 5, 2024Close70.625Jan 12, 2024Close71.219Jan 22, 2024Close69.969Jan 29, 2024Close70.188Feb 5, 2024Close69.719Feb 12, 2024Close69.500Feb 20, 2024Close68.688Feb 27, 2024Close68.469Mar 5, 2024Close70.344Mar 12, 2024Close70.156Mar 19, 2024Close68.969Mar 26, 2024Close69.563Apr 2, 2024Close68.469Apr 9, 2024Close68.719Apr 16, 2024Close65.969Apr 23, 2024Close66.438Apr 30, 2024Close65.969May 7, 2024Close67.969May 14, 2024Close68.000May 21, 2024Close68.406May 29, 2024Close66.625Jun 5, 2024Close69.688Jun 12, 2024Close69.406Jun 20, 2024Close70.063Jun 27, 2024Close69.656Jul 5, 2024Close69.375Jul 12, 2024Close70.188Jul 19, 2024Close69.656Jul 26, 2024Close69.813Aug 2, 2024Close73.625Aug 9, 2024Close72.031Aug 16, 2024Close72.625Aug 23, 2024Close73.313Aug 30, 2024Close72.281Sep 9, 2024Close74.469Sep 16, 2024Close75.250Sep 23, 2024Close73.875Sep 30, 2024Close73.438Oct 7, 2024Close71.469Oct 15, 2024Close71.500Oct 22, 2024Close69.781Oct 29, 2024Close69.281Nov 5, 2024Close69.844Nov 13, 2024Close68.219Nov 20, 2024Close68.656Nov 27, 2024Close70.125Dec 5, 2024Close71.125Dec 12, 2024Close69.219Dec 19, 2024Close67.156Dec 27, 2024Close66.719Jan 6, 2025Close66.781Jan 13, 2025Close65.500Jan 21, 2025Close67.219Jan 28, 2025Close67.500Feb 4, 2025Close67.938Feb 11, 2025Close68.031Feb 19, 2025Close67.906Feb 26, 2025Close70.375Mar 5, 2025Close69.813Mar 12, 2025Close69.344Mar 19, 2025Close70.156Mar 26, 2025Close69.094Apr 2, 2025Close70.469Apr 9, 2025Close68.375Apr 16, 2025Close68.469Apr 23, 2025Close67.719Apr 30, 2025Close69.500May 7, 2025Close68.469May 14, 2025Close66.438May 21, 2025Close65.531May 29, 2025Close67.125Jun 5, 2025Close67.594Jun 12, 2025Close68.156Jun 20, 2025Close67.656Jun 27, 2025Close68.094Jul 7, 2025Close67.438Jul 14, 2025Close67.219Jul 21, 2025Close67.625Jul 28, 2025Close67.469Aug 4, 2025Close69.250Aug 11, 2025Close68.781Aug 18, 2025Close67.906Aug 25, 2025Close68.469Sep 2, 2025Close68.000Sep 9, 2025Close70.406Sep 16, 2025Close70.969Sep 23, 2025Close70.250Sep 30, 2025Close70.188Oct 7, 2025Close70.281Oct 15, 2025Close71.063Oct 22, 2025Close72.000Oct 29, 2025Close71.313Nov 5, 2025Close70.188Nov 13, 2025Close70.594Nov 20, 2025Close70.531Nov 28, 2025Close71.188Dec 5, 2025Close69.875Dec 12, 2025Close69.281Dec 19, 2025Close69.750Dec 29, 2025Close70.188Jan 6, 2026Close69.813Jan 13, 2026Close70.156Jan 21, 2026Close69.563Jan 28, 2026Close69.688Feb 4, 2026Close69.313Feb 11, 2026Close70.281Feb 19, 2026Close71.313Feb 26, 2026Close71.813Mar 5, 2026Close70.875Mar 12, 2026Close69.438Mar 19, 2026Close69.750Mar 26, 2026Close68.500Apr 2, 2026Close69.406Apr 9, 2026Close69.406Apr 16, 2026Close69.250Apr 23, 2026Close69.250Apr 30, 2026Close68.719May 7, 2026Close68.844May 14, 2026Close68.406May 21, 2026Close67.656May 29, 2026Close68.813Jun 5, 2026Close68.344Jun 12, 2026Close68.813Jun 22, 2026Close68.938Jun 29, 2026Close69.969Jul 7, 2026Close68.313Jul 14, 2026Close68.000Jul 21, 2026Close67.594Jul 28, 2026Close67.813Aug 4, 2026Close67.313Aug 11, 2026Close66.813Aug 18, 2026Close66.656Aug 25, 2026Close67.781Sep 1, 2026Close66.813Sep 9, 2026Close66.750
The most recent 20 trading days of prices for 912810TC2.
DateBidOfferClose
Sep 9, 202666.62566.56366.750
Sep 8, 202667.10967.06366.969
Sep 4, 202667.14167.09467.031
Sep 3, 202667.21967.18867.063
Sep 2, 202666.82866.78166.844
Sep 1, 202667.07867.03166.813
Aug 31, 202667.00066.93867.063
Aug 28, 202667.57867.50067.281
Aug 27, 202667.73467.68867.531
Aug 26, 202667.70367.65667.594
Aug 25, 202667.76667.71967.781
Aug 24, 202667.40667.34467.250
Aug 21, 202667.00066.93866.875
Aug 20, 202667.12567.09467.219
Aug 19, 202667.40667.34467.469
Aug 18, 202666.59466.56366.656
Aug 17, 202666.70366.65666.469
Aug 14, 202666.85966.81366.813
Aug 13, 202667.23467.18867.250
Aug 12, 202667.01666.96966.844

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.

4 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 912810TC2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 17, 2021Nov 30, 2021New issue$23.0bn$24.9bn2.34x2.065%
Dec 2, 2021Dec 6, 2021Reopening$0.0bn$0.0bn2.92x1.872%
Dec 21, 2021Dec 31, 2021Reopening$20.0bn$22.7bn2.59x1.942%
Jan 19, 2022Jan 31, 2022Reopening$20.0bn$23.0bn2.48x2.210%

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.