Treasury bond

912810TD0 · 2.25% due February 15, 2052

Original term
30-Year
Maturity
Feb 15, 2052
Coupon
2.250%
Pays
Semi-Annual
Dated
Feb 15, 2022
First coupon
Aug 15, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$85.02bn
Held stripped
$21.44bn
Share stripped
25.21%

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
5.363%
Modified duration
16.652 yr
DV01
0.0953
Convexity
365.973
Dirty price
57.221

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 12 of twelve buckets, summing to 16.842 years against a modified duration of 16.652.

Against the fitted curve

Priced 2.2 bp rich to the curve on that day, 20.83 cents per 100 of face.

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

Yield to maturity, 1,143 observations

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%Feb 15, 2022Sep 9, 2026Feb 15, 2022Yield to maturity2.367%Feb 23, 2022Yield to maturity2.288%Mar 2, 2022Yield to maturity2.236%Mar 9, 2022Yield to maturity2.291%Mar 16, 2022Yield to maturity2.459%Mar 23, 2022Yield to maturity2.522%Mar 30, 2022Yield to maturity2.476%Apr 6, 2022Yield to maturity2.628%Apr 13, 2022Yield to maturity2.799%Apr 21, 2022Yield to maturity2.930%Apr 28, 2022Yield to maturity2.912%May 5, 2022Yield to maturity3.145%May 12, 2022Yield to maturity3.015%May 19, 2022Yield to maturity3.076%May 26, 2022Yield to maturity3.013%Jun 3, 2022Yield to maturity3.134%Jun 10, 2022Yield to maturity3.221%Jun 17, 2022Yield to maturity3.312%Jun 27, 2022Yield to maturity3.321%Jul 5, 2022Yield to maturity3.057%Jul 12, 2022Yield to maturity3.141%Jul 19, 2022Yield to maturity3.186%Jul 26, 2022Yield to maturity3.051%Aug 2, 2022Yield to maturity3.027%Aug 9, 2022Yield to maturity3.032%Aug 16, 2022Yield to maturity3.156%Aug 23, 2022Yield to maturity3.307%Aug 30, 2022Yield to maturity3.275%Sep 7, 2022Yield to maturity3.463%Sep 14, 2022Yield to maturity3.512%Sep 21, 2022Yield to maturity3.541%Sep 28, 2022Yield to maturity3.719%Oct 5, 2022Yield to maturity3.806%Oct 13, 2022Yield to maturity3.986%Oct 20, 2022Yield to maturity4.264%Oct 27, 2022Yield to maturity4.149%Nov 3, 2022Yield to maturity4.188%Nov 10, 2022Yield to maturity4.099%Nov 18, 2022Yield to maturity3.990%Nov 28, 2022Yield to maturity3.807%Dec 5, 2022Yield to maturity3.676%Dec 12, 2022Yield to maturity3.616%Dec 19, 2022Yield to maturity3.671%Dec 27, 2022Yield to maturity3.987%Jan 4, 2023Yield to maturity3.853%Jan 11, 2023Yield to maturity3.712%Jan 19, 2023Yield to maturity3.596%Jan 26, 2023Yield to maturity3.645%Feb 2, 2023Yield to maturity3.585%Feb 9, 2023Yield to maturity3.775%Feb 16, 2023Yield to maturity3.938%Feb 24, 2023Yield to maturity3.946%Mar 3, 2023Yield to maturity3.897%Mar 10, 2023Yield to maturity3.711%Mar 17, 2023Yield to maturity3.625%Mar 24, 2023Yield to maturity3.672%Mar 31, 2023Yield to maturity3.694%Apr 7, 2023Yield to maturity3.633%Apr 14, 2023Yield to maturity3.760%Apr 21, 2023Yield to maturity3.791%Apr 28, 2023Yield to maturity3.683%May 5, 2023Yield to maturity3.775%May 12, 2023Yield to maturity3.808%May 19, 2023Yield to maturity3.978%May 26, 2023Yield to maturity3.991%Jun 5, 2023Yield to maturity3.914%Jun 12, 2023Yield to maturity3.894%Jun 20, 2023Yield to maturity3.843%Jun 27, 2023Yield to maturity3.855%Jul 5, 2023Yield to maturity3.958%Jul 12, 2023Yield to maturity3.961%Jul 19, 2023Yield to maturity3.853%Jul 26, 2023Yield to maturity3.940%Aug 2, 2023Yield to maturity4.176%Aug 9, 2023Yield to maturity4.191%Aug 16, 2023Yield to maturity4.394%Aug 23, 2023Yield to maturity4.289%Aug 30, 2023Yield to maturity4.250%Sep 7, 2023Yield to maturity4.382%Sep 14, 2023Yield to maturity4.421%Sep 21, 2023Yield to maturity4.591%Sep 28, 2023Yield to maturity4.750%Oct 5, 2023Yield to maturity4.920%Oct 13, 2023Yield to maturity4.812%Oct 20, 2023Yield to maturity5.119%Oct 27, 2023Yield to maturity5.054%Nov 3, 2023Yield to maturity4.790%Nov 10, 2023Yield to maturity4.772%Nov 17, 2023Yield to maturity4.640%Nov 27, 2023Yield to maturity4.571%Dec 4, 2023Yield to maturity4.472%Dec 11, 2023Yield to maturity4.369%Dec 18, 2023Yield to maturity4.101%Dec 26, 2023Yield to maturity4.105%Jan 3, 2024Yield to maturity4.110%Jan 10, 2024Yield to maturity4.265%Jan 18, 2024Yield to maturity4.436%Jan 25, 2024Yield to maturity4.448%Feb 1, 2024Yield to maturity4.170%Feb 8, 2024Yield to maturity4.427%Feb 15, 2024Yield to maturity4.482%Feb 23, 2024Yield to maturity4.432%Mar 1, 2024Yield to maturity4.381%Mar 8, 2024Yield to maturity4.316%Mar 15, 2024Yield to maturity4.487%Mar 22, 2024Yield to maturity4.441%Mar 29, 2024Yield to maturity4.387%Apr 5, 2024Yield to maturity4.580%Apr 12, 2024Yield to maturity4.647%Apr 19, 2024Yield to maturity4.753%Apr 26, 2024Yield to maturity4.811%May 3, 2024Yield to maturity4.694%May 10, 2024Yield to maturity4.684%May 17, 2024Yield to maturity4.600%May 24, 2024Yield to maturity4.612%Jun 3, 2024Yield to maturity4.589%Jun 10, 2024Yield to maturity4.631%Jun 17, 2024Yield to maturity4.448%Jun 25, 2024Yield to maturity4.407%Jul 2, 2024Yield to maturity4.645%Jul 10, 2024Yield to maturity4.520%Jul 17, 2024Yield to maturity4.419%Jul 24, 2024Yield to maturity4.597%Jul 31, 2024Yield to maturity4.413%Aug 7, 2024Yield to maturity4.332%Aug 14, 2024Yield to maturity4.200%Aug 21, 2024Yield to maturity4.149%Aug 28, 2024Yield to maturity4.214%Sep 5, 2024Yield to maturity4.100%Sep 12, 2024Yield to maturity4.080%Sep 19, 2024Yield to maturity4.141%Sep 26, 2024Yield to maturity4.215%Oct 3, 2024Yield to maturity4.279%Oct 10, 2024Yield to maturity4.468%Oct 18, 2024Yield to maturity4.466%Oct 25, 2024Yield to maturity4.588%Nov 1, 2024Yield to maturity4.641%Nov 8, 2024Yield to maturity4.563%Nov 18, 2024Yield to maturity4.718%Nov 25, 2024Yield to maturity4.544%Dec 3, 2024Yield to maturity4.492%Dec 10, 2024Yield to maturity4.498%Dec 17, 2024Yield to maturity4.681%Dec 24, 2024Yield to maturity4.861%Jan 2, 2025Yield to maturity4.883%Jan 9, 2025Yield to maturity5.023%Jan 16, 2025Yield to maturity4.920%Jan 24, 2025Yield to maturity4.934%Jan 31, 2025Yield to maturity4.915%Feb 7, 2025Yield to maturity4.780%Feb 14, 2025Yield to maturity4.784%Feb 24, 2025Yield to maturity4.746%Mar 3, 2025Yield to maturity4.546%Mar 10, 2025Yield to maturity4.648%Mar 17, 2025Yield to maturity4.696%Mar 24, 2025Yield to maturity4.759%Mar 31, 2025Yield to maturity4.685%Apr 7, 2025Yield to maturity4.683%Apr 14, 2025Yield to maturity4.904%Apr 21, 2025Yield to maturity5.015%Apr 28, 2025Yield to maturity4.788%May 5, 2025Yield to maturity4.931%May 12, 2025Yield to maturity4.989%May 19, 2025Yield to maturity5.017%May 27, 2025Yield to maturity5.040%Jun 3, 2025Yield to maturity5.087%Jun 10, 2025Yield to maturity5.031%Jun 17, 2025Yield to maturity4.981%Jun 25, 2025Yield to maturity4.926%Jul 2, 2025Yield to maturity4.913%Jul 10, 2025Yield to maturity4.953%Jul 17, 2025Yield to maturity5.102%Jul 24, 2025Yield to maturity5.046%Jul 31, 2025Yield to maturity4.969%Aug 7, 2025Yield to maturity4.896%Aug 14, 2025Yield to maturity4.960%Aug 21, 2025Yield to maturity5.012%Aug 28, 2025Yield to maturity4.965%Sep 5, 2025Yield to maturity4.855%Sep 12, 2025Yield to maturity4.759%Sep 19, 2025Yield to maturity4.829%Sep 26, 2025Yield to maturity4.850%Oct 3, 2025Yield to maturity4.794%Oct 10, 2025Yield to maturity4.704%Oct 20, 2025Yield to maturity4.653%Oct 27, 2025Yield to maturity4.645%Nov 3, 2025Yield to maturity4.773%Nov 10, 2025Yield to maturity4.795%Nov 18, 2025Yield to maturity4.833%Nov 25, 2025Yield to maturity4.757%Dec 3, 2025Yield to maturity4.816%Dec 10, 2025Yield to maturity4.875%Dec 17, 2025Yield to maturity4.924%Dec 24, 2025Yield to maturity4.887%Jan 2, 2026Yield to maturity4.957%Jan 9, 2026Yield to maturity4.911%Jan 16, 2026Yield to maturity4.918%Jan 26, 2026Yield to maturity4.884%Feb 2, 2026Yield to maturity4.993%Feb 9, 2026Yield to maturity4.934%Feb 17, 2026Yield to maturity4.770%Feb 24, 2026Yield to maturity4.785%Mar 3, 2026Yield to maturity4.789%Mar 10, 2026Yield to maturity4.866%Mar 17, 2026Yield to maturity4.944%Mar 24, 2026Yield to maturity5.039%Mar 31, 2026Yield to maturity4.980%Apr 7, 2026Yield to maturity4.999%Apr 14, 2026Yield to maturity4.965%Apr 21, 2026Yield to maturity4.984%Apr 28, 2026Yield to maturity5.034%May 5, 2026Yield to maturity5.078%May 12, 2026Yield to maturity5.126%May 19, 2026Yield to maturity5.276%May 27, 2026Yield to maturity5.110%Jun 3, 2026Yield to maturity5.090%Jun 10, 2026Yield to maturity5.126%Jun 17, 2026Yield to maturity5.026%Jun 25, 2026Yield to maturity4.952%Jul 2, 2026Yield to maturity5.082%Jul 10, 2026Yield to maturity5.164%Jul 17, 2026Yield to maturity5.162%Jul 24, 2026Yield to maturity5.259%Jul 31, 2026Yield to maturity5.371%Aug 7, 2026Yield to maturity5.298%Aug 14, 2026Yield to maturity5.361%Aug 21, 2026Yield to maturity5.366%Aug 28, 2026Yield to maturity5.305%Sep 4, 2026Yield to maturity5.333%Sep 9, 2026Yield to maturity5.363%

Price history

1,143 trading days to Sep 9, 2026

5060708090100110Feb 15, 2022Sep 9, 2026Feb 15, 2022Close97.500Feb 23, 2022Close99.188Mar 2, 2022Close100.313Mar 9, 2022Close99.125Mar 16, 2022Close95.594Mar 23, 2022Close94.313Mar 30, 2022Close95.250Apr 6, 2022Close92.219Apr 13, 2022Close88.938Apr 21, 2022Close86.531Apr 28, 2022Close86.875May 5, 2022Close82.781May 12, 2022Close85.031May 19, 2022Close83.969May 26, 2022Close85.094Jun 3, 2022Close83.000Jun 10, 2022Close81.531Jun 17, 2022Close80.031Jun 27, 2022Close79.906Jul 5, 2022Close84.344Jul 12, 2022Close82.906Jul 19, 2022Close82.156Jul 26, 2022Close84.469Aug 2, 2022Close84.906Aug 9, 2022Close84.813Aug 16, 2022Close82.688Aug 23, 2022Close80.188Aug 30, 2022Close80.719Sep 7, 2022Close77.719Sep 14, 2022Close76.969Sep 21, 2022Close76.531Sep 28, 2022Close73.875Oct 5, 2022Close72.625Oct 13, 2022Close70.125Oct 20, 2022Close66.469Oct 27, 2022Close67.969Nov 3, 2022Close67.469Nov 10, 2022Close68.656Nov 18, 2022Close70.125Nov 28, 2022Close72.688Dec 5, 2022Close74.594Dec 12, 2022Close75.500Dec 19, 2022Close74.688Dec 27, 2022Close70.219Jan 4, 2023Close72.094Jan 11, 2023Close74.125Jan 19, 2023Close75.844Jan 26, 2023Close75.125Feb 2, 2023Close76.031Feb 9, 2023Close73.250Feb 16, 2023Close70.969Feb 24, 2023Close70.875Mar 3, 2023Close71.563Mar 10, 2023Close74.219Mar 17, 2023Close75.500Mar 24, 2023Close74.813Mar 31, 2023Close74.500Apr 7, 2023Close75.406Apr 14, 2023Close73.563Apr 21, 2023Close73.125Apr 28, 2023Close74.688May 5, 2023Close73.375May 12, 2023Close72.906May 19, 2023Close70.563May 26, 2023Close70.406Jun 5, 2023Close71.469Jun 12, 2023Close71.750Jun 20, 2023Close72.469Jun 27, 2023Close72.313Jul 5, 2023Close70.906Jul 12, 2023Close70.875Jul 19, 2023Close72.375Jul 26, 2023Close71.188Aug 2, 2023Close68.063Aug 9, 2023Close67.875Aug 16, 2023Close65.344Aug 23, 2023Close66.656Aug 30, 2023Close67.156Sep 7, 2023Close65.531Sep 14, 2023Close65.063Sep 21, 2023Close63.063Sep 28, 2023Close61.250Oct 5, 2023Close59.406Oct 13, 2023Close60.594Oct 20, 2023Close57.344Oct 27, 2023Close58.031Nov 3, 2023Close60.875Nov 10, 2023Close61.094Nov 17, 2023Close62.594Nov 27, 2023Close63.406Dec 4, 2023Close64.594Dec 11, 2023Close65.844Dec 18, 2023Close69.250Dec 26, 2023Close69.219Jan 3, 2024Close69.156Jan 10, 2024Close67.188Jan 18, 2024Close65.094Jan 25, 2024Close64.969Feb 1, 2024Close68.438Feb 8, 2024Close65.250Feb 15, 2024Close64.594Feb 23, 2024Close65.219Mar 1, 2024Close65.844Mar 8, 2024Close66.656Mar 15, 2024Close64.594Mar 22, 2024Close65.156Mar 29, 2024Close65.813Apr 5, 2024Close63.531Apr 12, 2024Close62.781Apr 19, 2024Close61.594Apr 26, 2024Close60.969May 3, 2024Close62.281May 10, 2024Close62.406May 17, 2024Close63.375May 24, 2024Close63.250Jun 3, 2024Close63.531Jun 10, 2024Close63.063Jun 17, 2024Close65.219Jun 25, 2024Close65.719Jul 2, 2024Close62.938Jul 10, 2024Close64.406Jul 17, 2024Close65.625Jul 24, 2024Close63.531Jul 31, 2024Close65.719Aug 7, 2024Close66.719Aug 14, 2024Close68.375Aug 21, 2024Close69.031Aug 28, 2024Close68.219Sep 5, 2024Close69.688Sep 12, 2024Close69.969Sep 19, 2024Close69.188Sep 26, 2024Close68.250Oct 3, 2024Close67.469Oct 10, 2024Close65.188Oct 18, 2024Close65.219Oct 25, 2024Close63.813Nov 1, 2024Close63.219Nov 8, 2024Close64.125Nov 18, 2024Close62.375Nov 25, 2024Close64.375Dec 3, 2024Close65.000Dec 10, 2024Close64.938Dec 17, 2024Close62.844Dec 24, 2024Close60.875Jan 2, 2025Close60.656Jan 9, 2025Close59.188Jan 16, 2025Close60.281Jan 24, 2025Close60.156Jan 31, 2025Close60.375Feb 7, 2025Close61.844Feb 14, 2025Close61.813Feb 24, 2025Close62.250Mar 3, 2025Close64.531Mar 10, 2025Close63.375Mar 17, 2025Close62.844Mar 24, 2025Close62.156Mar 31, 2025Close63.000Apr 7, 2025Close63.031Apr 14, 2025Close60.625Apr 21, 2025Close59.469Apr 28, 2025Close61.906May 5, 2025Close60.375May 12, 2025Close59.781May 19, 2025Close59.500May 27, 2025Close59.281Jun 3, 2025Close58.813Jun 10, 2025Close59.406Jun 17, 2025Close59.938Jun 25, 2025Close60.531Jul 2, 2025Close60.688Jul 10, 2025Close60.281Jul 17, 2025Close58.750Jul 24, 2025Close59.344Jul 31, 2025Close60.156Aug 7, 2025Close60.938Aug 14, 2025Close60.281Aug 21, 2025Close59.750Aug 28, 2025Close60.250Sep 5, 2025Close61.438Sep 12, 2025Close62.500Sep 19, 2025Close61.750Sep 26, 2025Close61.531Oct 3, 2025Close62.156Oct 10, 2025Close63.156Oct 20, 2025Close63.750Oct 27, 2025Close63.844Nov 3, 2025Close62.438Nov 10, 2025Close62.219Nov 18, 2025Close61.813Nov 25, 2025Close62.656Dec 3, 2025Close62.031Dec 10, 2025Close61.406Dec 17, 2025Close60.906Dec 24, 2025Close61.313Jan 2, 2026Close60.594Jan 9, 2026Close61.094Jan 16, 2026Close61.031Jan 26, 2026Close61.406Feb 2, 2026Close60.281Feb 9, 2026Close60.906Feb 17, 2026Close62.688Feb 24, 2026Close62.531Mar 3, 2026Close62.500Mar 10, 2026Close61.688Mar 17, 2026Close60.875Mar 24, 2026Close59.906Mar 31, 2026Close60.531Apr 7, 2026Close60.344Apr 14, 2026Close60.719Apr 21, 2026Close60.531Apr 28, 2026Close60.031May 5, 2026Close59.594May 12, 2026Close59.125May 19, 2026Close57.656May 27, 2026Close59.313Jun 3, 2026Close59.531Jun 10, 2026Close59.188Jun 17, 2026Close60.219Jun 25, 2026Close61.000Jul 2, 2026Close59.688Jul 10, 2026Close58.875Jul 17, 2026Close58.906Jul 24, 2026Close57.969Jul 31, 2026Close56.906Aug 7, 2026Close57.625Aug 14, 2026Close57.031Aug 21, 2026Close57.000Aug 28, 2026Close57.594Sep 4, 2026Close57.344Sep 9, 2026Close57.063
The most recent 20 trading days of prices for 912810TD0.
DateBidOfferClose
Sep 9, 202656.85956.81357.063
Sep 8, 202657.37557.34457.281
Sep 4, 202657.39157.37557.344
Sep 3, 202657.45357.43857.281
Sep 2, 202657.07857.06357.063
Sep 1, 202657.32857.31357.094
Aug 31, 202657.15657.12557.281
Aug 28, 202657.93857.90657.594
Aug 27, 202657.96957.93857.813
Aug 26, 202657.96957.93857.938
Aug 25, 202657.98457.96958.031
Aug 24, 202657.62557.59457.469
Aug 21, 202657.09457.06357.000
Aug 20, 202657.21957.18857.375
Aug 19, 202657.62557.59457.688
Aug 18, 202656.64156.62556.750
Aug 17, 202656.79756.78156.531
Aug 14, 202656.96956.93857.031
Aug 13, 202657.46957.43857.469
Aug 12, 202657.29757.28157.125

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 912810TD0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 10, 2022Feb 15, 2022New issue$23.0bn$36.9bn2.30x2.340%
Mar 10, 2022Mar 15, 2022Reopening$20.0bn$23.4bn2.46x2.375%
Apr 13, 2022Apr 18, 2022Reopening$20.0bn$24.8bn2.30x2.815%

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.