Treasury bond

912810TF5 · 2.375% due February 15, 2042

Original term
20-Year
Maturity
Feb 15, 2042
Coupon
2.375%
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
$56.40bn
Held stripped
$550.0m
Share stripped
0.98%

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
5.196%
Modified duration
12.076 yr
DV01
0.0851
Convexity
174.095
Dirty price
70.480

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 12.330 years against a modified duration of 12.076.

Against the fitted curve

Priced 0.5 bp cheap to the curve on that day, 4.39 cents per 100 of face.

That is -1.92 standard deviations from its own typical residual.

Yield to maturity, 1,135 observations

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%Feb 28, 2022Sep 9, 2026Feb 28, 2022Yield to maturity2.244%Mar 7, 2022Yield to maturity2.291%Mar 14, 2022Yield to maturity2.568%Mar 21, 2022Yield to maturity2.674%Mar 28, 2022Yield to maturity2.725%Apr 4, 2022Yield to maturity2.647%Apr 11, 2022Yield to maturity3.023%Apr 19, 2022Yield to maturity3.199%Apr 26, 2022Yield to maturity3.047%May 3, 2022Yield to maturity3.221%May 10, 2022Yield to maturity3.325%May 17, 2022Yield to maturity3.381%May 24, 2022Yield to maturity3.193%Jun 1, 2022Yield to maturity3.339%Jun 8, 2022Yield to maturity3.434%Jun 15, 2022Yield to maturity3.675%Jun 23, 2022Yield to maturity3.489%Jun 30, 2022Yield to maturity3.417%Jul 8, 2022Yield to maturity3.563%Jul 15, 2022Yield to maturity3.376%Jul 22, 2022Yield to maturity3.271%Jul 29, 2022Yield to maturity3.241%Aug 5, 2022Yield to maturity3.313%Aug 12, 2022Yield to maturity3.379%Aug 19, 2022Yield to maturity3.504%Aug 26, 2022Yield to maturity3.502%Sep 2, 2022Yield to maturity3.682%Sep 12, 2022Yield to maturity3.836%Sep 19, 2022Yield to maturity3.863%Sep 26, 2022Yield to maturity4.091%Oct 3, 2022Yield to maturity4.078%Oct 11, 2022Yield to maturity4.273%Oct 18, 2022Yield to maturity4.340%Oct 25, 2022Yield to maturity4.523%Nov 1, 2022Yield to maturity4.439%Nov 8, 2022Yield to maturity4.541%Nov 16, 2022Yield to maturity4.120%Nov 23, 2022Yield to maturity4.060%Dec 1, 2022Yield to maturity3.920%Dec 8, 2022Yield to maturity3.794%Dec 15, 2022Yield to maturity3.756%Dec 22, 2022Yield to maturity3.978%Dec 30, 2022Yield to maturity4.179%Jan 9, 2023Yield to maturity3.863%Jan 17, 2023Yield to maturity3.840%Jan 24, 2023Yield to maturity3.770%Jan 31, 2023Yield to maturity3.819%Feb 7, 2023Yield to maturity3.913%Feb 14, 2023Yield to maturity3.982%Feb 22, 2023Yield to maturity4.144%Mar 1, 2023Yield to maturity4.222%Mar 8, 2023Yield to maturity4.156%Mar 15, 2023Yield to maturity3.868%Mar 22, 2023Yield to maturity3.883%Mar 29, 2023Yield to maturity3.949%Apr 5, 2023Yield to maturity3.702%Apr 12, 2023Yield to maturity3.788%Apr 19, 2023Yield to maturity3.945%Apr 26, 2023Yield to maturity3.840%May 3, 2023Yield to maturity3.823%May 10, 2023Yield to maturity3.916%May 17, 2023Yield to maturity4.013%May 24, 2023Yield to maturity4.148%Jun 1, 2023Yield to maturity4.018%Jun 8, 2023Yield to maturity4.081%Jun 15, 2023Yield to maturity4.057%Jun 23, 2023Yield to maturity4.043%Jun 30, 2023Yield to maturity4.089%Jul 10, 2023Yield to maturity4.279%Jul 17, 2023Yield to maturity4.137%Jul 24, 2023Yield to maturity4.147%Jul 31, 2023Yield to maturity4.252%Aug 7, 2023Yield to maturity4.448%Aug 14, 2023Yield to maturity4.483%Aug 21, 2023Yield to maturity4.665%Aug 28, 2023Yield to maturity4.510%Sep 5, 2023Yield to maturity4.595%Sep 12, 2023Yield to maturity4.578%Sep 19, 2023Yield to maturity4.657%Sep 26, 2023Yield to maturity4.923%Oct 3, 2023Yield to maturity5.192%Oct 11, 2023Yield to maturity4.970%Oct 18, 2023Yield to maturity5.269%Oct 25, 2023Yield to maturity5.327%Nov 1, 2023Yield to maturity5.167%Nov 8, 2023Yield to maturity4.858%Nov 15, 2023Yield to maturity4.912%Nov 22, 2023Yield to maturity4.798%Nov 30, 2023Yield to maturity4.780%Dec 7, 2023Yield to maturity4.483%Dec 14, 2023Yield to maturity4.258%Dec 21, 2023Yield to maturity4.239%Dec 29, 2023Yield to maturity4.215%Jan 8, 2024Yield to maturity4.352%Jan 16, 2024Yield to maturity4.454%Jan 23, 2024Yield to maturity4.519%Jan 30, 2024Yield to maturity4.424%Feb 6, 2024Yield to maturity4.422%Feb 13, 2024Yield to maturity4.630%Feb 21, 2024Yield to maturity4.651%Feb 28, 2024Yield to maturity4.584%Mar 6, 2024Yield to maturity4.396%Mar 13, 2024Yield to maturity4.489%Mar 20, 2024Yield to maturity4.581%Mar 27, 2024Yield to maturity4.480%Apr 3, 2024Yield to maturity4.641%Apr 10, 2024Yield to maturity4.783%Apr 17, 2024Yield to maturity4.846%Apr 24, 2024Yield to maturity4.914%May 1, 2024Yield to maturity4.860%May 8, 2024Yield to maturity4.746%May 15, 2024Yield to maturity4.624%May 22, 2024Yield to maturity4.667%May 30, 2024Yield to maturity4.801%Jun 6, 2024Yield to maturity4.523%Jun 13, 2024Yield to maturity4.503%Jun 21, 2024Yield to maturity4.506%Jun 28, 2024Yield to maturity4.633%Jul 8, 2024Yield to maturity4.579%Jul 15, 2024Yield to maturity4.565%Jul 22, 2024Yield to maturity4.579%Jul 29, 2024Yield to maturity4.513%Aug 5, 2024Yield to maturity4.137%Aug 12, 2024Yield to maturity4.296%Aug 19, 2024Yield to maturity4.229%Aug 26, 2024Yield to maturity4.204%Sep 3, 2024Yield to maturity4.220%Sep 10, 2024Yield to maturity4.040%Sep 17, 2024Yield to maturity4.036%Sep 24, 2024Yield to maturity4.142%Oct 1, 2024Yield to maturity4.132%Oct 8, 2024Yield to maturity4.398%Oct 16, 2024Yield to maturity4.378%Oct 23, 2024Yield to maturity4.598%Oct 30, 2024Yield to maturity4.613%Nov 6, 2024Yield to maturity4.728%Nov 14, 2024Yield to maturity4.701%Nov 21, 2024Yield to maturity4.716%Nov 29, 2024Yield to maturity4.477%Dec 6, 2024Yield to maturity4.435%Dec 13, 2024Yield to maturity4.720%Dec 20, 2024Yield to maturity4.827%Dec 30, 2024Yield to maturity4.862%Jan 7, 2025Yield to maturity4.986%Jan 14, 2025Yield to maturity5.081%Jan 22, 2025Yield to maturity4.896%Jan 29, 2025Yield to maturity4.852%Feb 5, 2025Yield to maturity4.690%Feb 12, 2025Yield to maturity4.900%Feb 20, 2025Yield to maturity4.792%Feb 27, 2025Yield to maturity4.596%Mar 6, 2025Yield to maturity4.637%Mar 13, 2025Yield to maturity4.622%Mar 20, 2025Yield to maturity4.570%Mar 27, 2025Yield to maturity4.737%Apr 3, 2025Yield to maturity4.472%Apr 10, 2025Yield to maturity4.911%Apr 17, 2025Yield to maturity4.840%Apr 24, 2025Yield to maturity4.789%May 1, 2025Yield to maturity4.748%May 8, 2025Yield to maturity4.870%May 15, 2025Yield to maturity4.943%May 22, 2025Yield to maturity5.087%May 30, 2025Yield to maturity4.939%Jun 6, 2025Yield to maturity4.996%Jun 13, 2025Yield to maturity4.913%Jun 23, 2025Yield to maturity4.858%Jun 30, 2025Yield to maturity4.763%Jul 8, 2025Yield to maturity4.938%Jul 15, 2025Yield to maturity5.016%Jul 22, 2025Yield to maturity4.875%Jul 29, 2025Yield to maturity4.837%Aug 5, 2025Yield to maturity4.725%Aug 12, 2025Yield to maturity4.824%Aug 19, 2025Yield to maturity4.854%Aug 26, 2025Yield to maturity4.832%Sep 3, 2025Yield to maturity4.811%Sep 10, 2025Yield to maturity4.598%Sep 17, 2025Yield to maturity4.581%Sep 24, 2025Yield to maturity4.671%Oct 1, 2025Yield to maturity4.634%Oct 8, 2025Yield to maturity4.646%Oct 16, 2025Yield to maturity4.501%Oct 23, 2025Yield to maturity4.503%Oct 30, 2025Yield to maturity4.587%Nov 6, 2025Yield to maturity4.612%Nov 14, 2025Yield to maturity4.671%Nov 21, 2025Yield to maturity4.613%Dec 1, 2025Yield to maturity4.655%Dec 8, 2025Yield to maturity4.738%Dec 15, 2025Yield to maturity4.760%Dec 22, 2025Yield to maturity4.742%Dec 30, 2025Yield to maturity4.691%Jan 7, 2026Yield to maturity4.684%Jan 14, 2026Yield to maturity4.659%Jan 22, 2026Yield to maturity4.739%Jan 29, 2026Yield to maturity4.744%Feb 5, 2026Yield to maturity4.730%Feb 12, 2026Yield to maturity4.605%Feb 20, 2026Yield to maturity4.595%Feb 27, 2026Yield to maturity4.496%Mar 6, 2026Yield to maturity4.663%Mar 13, 2026Yield to maturity4.831%Mar 20, 2026Yield to maturity4.934%Mar 27, 2026Yield to maturity4.950%Apr 3, 2026Yield to maturity4.852%Apr 10, 2026Yield to maturity4.834%Apr 17, 2026Yield to maturity4.774%Apr 24, 2026Yield to maturity4.807%May 1, 2026Yield to maturity4.886%May 8, 2026Yield to maturity4.854%May 15, 2026Yield to maturity5.074%May 22, 2026Yield to maturity5.010%Jun 1, 2026Yield to maturity4.914%Jun 8, 2026Yield to maturity4.983%Jun 15, 2026Yield to maturity4.898%Jun 23, 2026Yield to maturity4.894%Jun 30, 2026Yield to maturity4.851%Jul 8, 2026Yield to maturity5.005%Jul 15, 2026Yield to maturity5.000%Jul 22, 2026Yield to maturity5.107%Jul 29, 2026Yield to maturity5.146%Aug 5, 2026Yield to maturity5.109%Aug 12, 2026Yield to maturity5.174%Aug 19, 2026Yield to maturity5.097%Aug 26, 2026Yield to maturity5.092%Sep 2, 2026Yield to maturity5.189%Sep 9, 2026Yield to maturity5.196%

Price history

1,135 trading days to Sep 9, 2026

60708090100110Feb 28, 2022Sep 9, 2026Feb 28, 2022Close102.094Mar 7, 2022Close101.344Mar 14, 2022Close97.000Mar 21, 2022Close95.406Mar 28, 2022Close94.656Apr 4, 2022Close95.813Apr 11, 2022Close90.375Apr 19, 2022Close87.969Apr 26, 2022Close90.063May 3, 2022Close87.688May 10, 2022Close86.313May 17, 2022Close85.594May 24, 2022Close88.094Jun 1, 2022Close86.156Jun 8, 2022Close84.938Jun 15, 2022Close81.906Jun 23, 2022Close84.250Jun 30, 2022Close85.188Jul 8, 2022Close83.344Jul 15, 2022Close85.750Jul 22, 2022Close87.125Jul 29, 2022Close87.531Aug 5, 2022Close86.594Aug 12, 2022Close85.750Aug 19, 2022Close84.156Aug 26, 2022Close84.188Sep 2, 2022Close81.969Sep 12, 2022Close80.125Sep 19, 2022Close79.813Sep 26, 2022Close77.188Oct 3, 2022Close77.344Oct 11, 2022Close75.188Oct 18, 2022Close74.469Oct 25, 2022Close72.531Nov 1, 2022Close73.438Nov 8, 2022Close72.375Nov 16, 2022Close76.969Nov 23, 2022Close77.656Dec 1, 2022Close79.281Dec 8, 2022Close80.781Dec 15, 2022Close81.250Dec 22, 2022Close78.656Dec 30, 2022Close76.406Jan 9, 2023Close80.031Jan 17, 2023Close80.313Jan 24, 2023Close81.156Jan 31, 2023Close80.594Feb 7, 2023Close79.500Feb 14, 2023Close78.719Feb 22, 2023Close76.906Mar 1, 2023Close76.063Mar 8, 2023Close76.813Mar 15, 2023Close80.094Mar 22, 2023Close79.938Mar 29, 2023Close79.188Apr 5, 2023Close82.094Apr 12, 2023Close81.094Apr 19, 2023Close79.281Apr 26, 2023Close80.500May 3, 2023Close80.719May 10, 2023Close79.656May 17, 2023Close78.563May 24, 2023Close77.063Jun 1, 2023Close78.531Jun 8, 2023Close77.844Jun 15, 2023Close78.125Jun 23, 2023Close78.313Jun 30, 2023Close77.813Jul 10, 2023Close75.750Jul 17, 2023Close77.313Jul 24, 2023Close77.219Jul 31, 2023Close76.094Aug 7, 2023Close74.031Aug 14, 2023Close73.688Aug 21, 2023Close71.844Aug 28, 2023Close73.438Sep 5, 2023Close72.594Sep 12, 2023Close72.781Sep 19, 2023Close72.000Sep 26, 2023Close69.406Oct 3, 2023Close66.906Oct 11, 2023Close69.000Oct 18, 2023Close66.250Oct 25, 2023Close65.750Nov 1, 2023Close67.219Nov 8, 2023Close70.156Nov 15, 2023Close69.656Nov 22, 2023Close70.781Nov 30, 2023Close70.969Dec 7, 2023Close73.969Dec 14, 2023Close76.344Dec 21, 2023Close76.563Dec 29, 2023Close76.844Jan 8, 2024Close75.406Jan 16, 2024Close74.375Jan 23, 2024Close73.719Jan 30, 2024Close74.719Feb 6, 2024Close74.750Feb 13, 2024Close72.656Feb 21, 2024Close72.469Feb 28, 2024Close73.156Mar 6, 2024Close75.094Mar 13, 2024Close74.156Mar 20, 2024Close73.250Mar 27, 2024Close74.281Apr 3, 2024Close72.688Apr 10, 2024Close71.313Apr 17, 2024Close70.719Apr 24, 2024Close70.094May 1, 2024Close70.625May 8, 2024Close71.750May 15, 2024Close72.969May 22, 2024Close72.563May 30, 2024Close71.281Jun 6, 2024Close74.031Jun 13, 2024Close74.250Jun 21, 2024Close74.250Jun 28, 2024Close73.000Jul 8, 2024Close73.563Jul 15, 2024Close73.719Jul 22, 2024Close73.594Jul 29, 2024Close74.281Aug 5, 2024Close78.188Aug 12, 2024Close76.531Aug 19, 2024Close77.250Aug 26, 2024Close77.531Sep 3, 2024Close77.375Sep 10, 2024Close79.313Sep 17, 2024Close79.375Sep 24, 2024Close78.250Oct 1, 2024Close78.375Oct 8, 2024Close75.625Oct 16, 2024Close75.844Oct 23, 2024Close73.656Oct 30, 2024Close73.531Nov 6, 2024Close72.438Nov 14, 2024Close72.719Nov 21, 2024Close72.594Nov 29, 2024Close74.969Dec 6, 2024Close75.406Dec 13, 2024Close72.625Dec 20, 2024Close71.625Dec 30, 2024Close71.313Jan 7, 2025Close70.188Jan 14, 2025Close69.344Jan 22, 2025Close71.063Jan 29, 2025Close71.500Feb 5, 2025Close73.063Feb 12, 2025Close71.094Feb 20, 2025Close72.125Feb 27, 2025Close74.031Mar 6, 2025Close73.656Mar 13, 2025Close73.813Mar 20, 2025Close74.344Mar 27, 2025Close72.750Apr 3, 2025Close75.344Apr 10, 2025Close71.156Apr 17, 2025Close71.844Apr 24, 2025Close72.344May 1, 2025Close72.750May 8, 2025Close71.625May 15, 2025Close70.969May 22, 2025Close69.688May 30, 2025Close71.063Jun 6, 2025Close70.563Jun 13, 2025Close71.344Jun 23, 2025Close71.875Jun 30, 2025Close72.781Jul 8, 2025Close71.188Jul 15, 2025Close70.500Jul 22, 2025Close71.813Jul 29, 2025Close72.188Aug 5, 2025Close73.250Aug 12, 2025Close72.344Aug 19, 2025Close72.094Aug 26, 2025Close72.313Sep 3, 2025Close72.531Sep 10, 2025Close74.563Sep 17, 2025Close74.750Sep 24, 2025Close73.906Oct 1, 2025Close74.281Oct 8, 2025Close74.188Oct 16, 2025Close75.594Oct 23, 2025Close75.594Oct 30, 2025Close74.813Nov 6, 2025Close74.594Nov 14, 2025Close74.063Nov 21, 2025Close74.625Dec 1, 2025Close74.250Dec 8, 2025Close73.500Dec 15, 2025Close73.313Dec 22, 2025Close73.500Dec 30, 2025Close74.000Jan 7, 2026Close74.094Jan 14, 2026Close74.344Jan 22, 2026Close73.625Jan 29, 2026Close73.594Feb 5, 2026Close73.750Feb 12, 2026Close74.938Feb 20, 2026Close75.063Feb 27, 2026Close76.031Mar 6, 2026Close74.469Mar 13, 2026Close72.938Mar 20, 2026Close72.031Mar 27, 2026Close71.906Apr 3, 2026Close72.813Apr 10, 2026Close73.000Apr 17, 2026Close73.563Apr 24, 2026Close73.281May 1, 2026Close72.594May 8, 2026Close72.906May 15, 2026Close70.969May 22, 2026Close71.563Jun 1, 2026Close72.438Jun 8, 2026Close71.844Jun 15, 2026Close72.625Jun 23, 2026Close72.688Jun 30, 2026Close73.094Jul 8, 2026Close71.750Jul 15, 2026Close71.813Jul 22, 2026Close70.906Jul 29, 2026Close70.594Aug 5, 2026Close70.938Aug 12, 2026Close70.406Aug 19, 2026Close71.094Aug 26, 2026Close71.156Sep 2, 2026Close70.344Sep 9, 2026Close70.313
The most recent 20 trading days of prices for 912810TF5.
DateBidOfferClose
Sep 9, 202670.14170.09470.313
Sep 8, 202670.60970.56370.469
Sep 4, 202670.67270.62570.563
Sep 3, 202670.75070.68870.563
Sep 2, 202670.35970.31370.344
Sep 1, 202670.57870.53170.313
Aug 31, 202670.50070.43870.563
Aug 28, 202671.09471.03170.813
Aug 27, 202671.25071.21971.063
Aug 26, 202671.23471.18871.156
Aug 25, 202671.29771.25071.313
Aug 24, 202670.95370.90670.781
Aug 21, 202670.51670.46970.406
Aug 20, 202670.67270.62570.813
Aug 19, 202670.95370.90671.094
Aug 18, 202670.10970.06370.188
Aug 17, 202670.23470.18870.000
Aug 14, 202670.39170.34470.406
Aug 13, 202670.79770.75070.813
Aug 12, 202670.57870.53170.406

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 912810TF5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 16, 2022Feb 28, 2022New issue$19.0bn$22.3bn2.44x2.396%
Mar 23, 2022Mar 31, 2022Reopening$16.0bn$19.0bn2.72x2.651%
Apr 20, 2022May 2, 2022Reopening$16.0bn$18.2bn2.80x3.095%

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.