Treasury bond

912810UA4 · 4.625% due May 15, 2054

Original term
30-Year
Maturity
May 15, 2054
Coupon
4.625%
Pays
Semi-Annual
Dated
May 15, 2024
First coupon
Nov 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$76.42bn
Held stripped
$15.21bn
Share stripped
19.91%

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
5.307%
Modified duration
14.604 yr
DV01
0.1338
Convexity
314.500
Dirty price
91.639

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 14.707 years against a modified duration of 14.604.

Against the fitted curve

Priced 0.4 bp rich to the curve on that day, 5.52 cents per 100 of face.

That is 0.84 standard deviations from its own typical residual.

Yield to maturity, 580 observations

3.75%4.00%4.25%4.50%4.75%5.00%5.25%5.50%May 15, 2024Sep 9, 2026May 15, 2024Yield to maturity4.516%May 20, 2024Yield to maturity4.577%May 23, 2024Yield to maturity4.579%May 29, 2024Yield to maturity4.735%Jun 3, 2024Yield to maturity4.552%Jun 6, 2024Yield to maturity4.428%Jun 11, 2024Yield to maturity4.531%Jun 14, 2024Yield to maturity4.342%Jun 20, 2024Yield to maturity4.389%Jun 25, 2024Yield to maturity4.361%Jun 28, 2024Yield to maturity4.512%Jul 3, 2024Yield to maturity4.529%Jul 9, 2024Yield to maturity4.489%Jul 12, 2024Yield to maturity4.394%Jul 17, 2024Yield to maturity4.367%Jul 22, 2024Yield to maturity4.476%Jul 25, 2024Yield to maturity4.500%Jul 30, 2024Yield to maturity4.399%Aug 2, 2024Yield to maturity4.106%Aug 7, 2024Yield to maturity4.258%Aug 12, 2024Yield to maturity4.199%Aug 15, 2024Yield to maturity4.182%Aug 20, 2024Yield to maturity4.078%Aug 23, 2024Yield to maturity4.105%Aug 28, 2024Yield to maturity4.136%Sep 3, 2024Yield to maturity4.131%Sep 6, 2024Yield to maturity4.031%Sep 11, 2024Yield to maturity3.966%Sep 16, 2024Yield to maturity3.941%Sep 19, 2024Yield to maturity4.063%Sep 24, 2024Yield to maturity4.091%Sep 27, 2024Yield to maturity4.099%Oct 2, 2024Yield to maturity4.135%Oct 7, 2024Yield to maturity4.306%Oct 10, 2024Yield to maturity4.382%Oct 16, 2024Yield to maturity4.302%Oct 21, 2024Yield to maturity4.485%Oct 24, 2024Yield to maturity4.470%Oct 29, 2024Yield to maturity4.523%Nov 1, 2024Yield to maturity4.567%Nov 6, 2024Yield to maturity4.613%Nov 12, 2024Yield to maturity4.594%Nov 15, 2024Yield to maturity4.613%Nov 20, 2024Yield to maturity4.607%Nov 25, 2024Yield to maturity4.462%Nov 29, 2024Yield to maturity4.374%Dec 4, 2024Yield to maturity4.363%Dec 9, 2024Yield to maturity4.398%Dec 12, 2024Yield to maturity4.561%Dec 17, 2024Yield to maturity4.599%Dec 20, 2024Yield to maturity4.728%Dec 26, 2024Yield to maturity4.774%Dec 31, 2024Yield to maturity4.794%Jan 6, 2025Yield to maturity4.856%Jan 9, 2025Yield to maturity4.945%Jan 14, 2025Yield to maturity4.994%Jan 17, 2025Yield to maturity4.854%Jan 23, 2025Yield to maturity4.879%Jan 28, 2025Yield to maturity4.794%Jan 31, 2025Yield to maturity4.839%Feb 5, 2025Yield to maturity4.648%Feb 10, 2025Yield to maturity4.726%Feb 13, 2025Yield to maturity4.744%Feb 19, 2025Yield to maturity4.782%Feb 24, 2025Yield to maturity4.678%Feb 27, 2025Yield to maturity4.576%Mar 4, 2025Yield to maturity4.549%Mar 7, 2025Yield to maturity4.638%Mar 12, 2025Yield to maturity4.654%Mar 17, 2025Yield to maturity4.623%Mar 20, 2025Yield to maturity4.574%Mar 25, 2025Yield to maturity4.674%Mar 28, 2025Yield to maturity4.658%Apr 2, 2025Yield to maturity4.564%Apr 7, 2025Yield to maturity4.597%Apr 10, 2025Yield to maturity4.890%Apr 15, 2025Yield to maturity4.809%Apr 18, 2025Yield to maturity4.826%Apr 23, 2025Yield to maturity4.857%Apr 28, 2025Yield to maturity4.714%May 1, 2025Yield to maturity4.761%May 6, 2025Yield to maturity4.834%May 9, 2025Yield to maturity4.870%May 14, 2025Yield to maturity5.003%May 19, 2025Yield to maturity4.950%May 22, 2025Yield to maturity5.081%May 28, 2025Yield to maturity5.001%Jun 2, 2025Yield to maturity5.020%Jun 5, 2025Yield to maturity4.912%Jun 10, 2025Yield to maturity4.962%Jun 13, 2025Yield to maturity4.937%Jun 18, 2025Yield to maturity4.910%Jun 24, 2025Yield to maturity4.857%Jun 27, 2025Yield to maturity4.870%Jul 2, 2025Yield to maturity4.845%Jul 8, 2025Yield to maturity4.965%Jul 11, 2025Yield to maturity4.984%Jul 16, 2025Yield to maturity5.034%Jul 21, 2025Yield to maturity4.959%Jul 24, 2025Yield to maturity4.976%Jul 29, 2025Yield to maturity4.883%Aug 1, 2025Yield to maturity4.818%Aug 6, 2025Yield to maturity4.822%Aug 11, 2025Yield to maturity4.860%Aug 14, 2025Yield to maturity4.893%Aug 19, 2025Yield to maturity4.917%Aug 22, 2025Yield to maturity4.893%Aug 27, 2025Yield to maturity4.929%Sep 2, 2025Yield to maturity4.987%Sep 5, 2025Yield to maturity4.782%Sep 10, 2025Yield to maturity4.692%Sep 15, 2025Yield to maturity4.664%Sep 18, 2025Yield to maturity4.731%Sep 23, 2025Yield to maturity4.739%Sep 26, 2025Yield to maturity4.776%Oct 1, 2025Yield to maturity4.727%Oct 6, 2025Yield to maturity4.772%Oct 9, 2025Yield to maturity4.735%Oct 15, 2025Yield to maturity4.641%Oct 20, 2025Yield to maturity4.583%Oct 23, 2025Yield to maturity4.587%Oct 28, 2025Yield to maturity4.558%Oct 31, 2025Yield to maturity4.679%Nov 5, 2025Yield to maturity4.752%Nov 10, 2025Yield to maturity4.719%Nov 14, 2025Yield to maturity4.760%Nov 19, 2025Yield to maturity4.764%Nov 24, 2025Yield to maturity4.693%Nov 28, 2025Yield to maturity4.675%Dec 3, 2025Yield to maturity4.737%Dec 8, 2025Yield to maturity4.826%Dec 11, 2025Yield to maturity4.803%Dec 16, 2025Yield to maturity4.832%Dec 19, 2025Yield to maturity4.838%Dec 24, 2025Yield to maturity4.805%Dec 30, 2025Yield to maturity4.822%Jan 5, 2026Yield to maturity4.862%Jan 8, 2026Yield to maturity4.868%Jan 13, 2026Yield to maturity4.841%Jan 16, 2026Yield to maturity4.843%Jan 22, 2026Yield to maturity4.855%Jan 27, 2026Yield to maturity4.847%Jan 30, 2026Yield to maturity4.885%Feb 4, 2026Yield to maturity4.927%Feb 9, 2026Yield to maturity4.860%Feb 12, 2026Yield to maturity4.738%Feb 18, 2026Yield to maturity4.725%Feb 23, 2026Yield to maturity4.715%Feb 26, 2026Yield to maturity4.677%Mar 3, 2026Yield to maturity4.715%Mar 6, 2026Yield to maturity4.785%Mar 11, 2026Yield to maturity4.877%Mar 16, 2026Yield to maturity4.879%Mar 19, 2026Yield to maturity4.856%Mar 24, 2026Yield to maturity4.962%Mar 27, 2026Yield to maturity5.006%Apr 1, 2026Yield to maturity4.939%Apr 6, 2026Yield to maturity4.911%Apr 9, 2026Yield to maturity4.920%Apr 14, 2026Yield to maturity4.888%Apr 17, 2026Yield to maturity4.905%Apr 22, 2026Yield to maturity4.920%Apr 27, 2026Yield to maturity4.963%Apr 30, 2026Yield to maturity5.007%May 5, 2026Yield to maturity5.007%May 8, 2026Yield to maturity4.968%May 13, 2026Yield to maturity5.062%May 18, 2026Yield to maturity5.162%May 21, 2026Yield to maturity5.124%May 27, 2026Yield to maturity5.040%Jun 1, 2026Yield to maturity5.016%Jun 4, 2026Yield to maturity5.001%Jun 9, 2026Yield to maturity5.036%Jun 12, 2026Yield to maturity4.999%Jun 17, 2026Yield to maturity4.957%Jun 23, 2026Yield to maturity4.968%Jun 26, 2026Yield to maturity4.891%Jul 1, 2026Yield to maturity4.994%Jul 7, 2026Yield to maturity5.076%Jul 10, 2026Yield to maturity5.094%Jul 15, 2026Yield to maturity5.105%Jul 20, 2026Yield to maturity5.136%Jul 23, 2026Yield to maturity5.200%Jul 28, 2026Yield to maturity5.123%Jul 31, 2026Yield to maturity5.301%Aug 5, 2026Yield to maturity5.204%Aug 10, 2026Yield to maturity5.278%Aug 13, 2026Yield to maturity5.241%Aug 18, 2026Yield to maturity5.316%Aug 21, 2026Yield to maturity5.302%Aug 26, 2026Yield to maturity5.207%Aug 31, 2026Yield to maturity5.277%Sep 3, 2026Yield to maturity5.274%Sep 9, 2026Yield to maturity5.307%

Price history

580 trading days to Sep 9, 2026

859095100105110115May 15, 2024Sep 9, 2026May 15, 2024Close101.781May 20, 2024Close100.781May 23, 2024Close100.750May 29, 2024Close98.250Jun 3, 2024Close101.188Jun 6, 2024Close103.250Jun 11, 2024Close101.531Jun 14, 2024Close104.719Jun 20, 2024Close103.906Jun 25, 2024Close104.375Jun 28, 2024Close101.844Jul 3, 2024Close101.563Jul 9, 2024Close102.219Jul 12, 2024Close103.813Jul 17, 2024Close104.281Jul 22, 2024Close102.438Jul 25, 2024Close102.031Jul 30, 2024Close103.719Aug 2, 2024Close108.875Aug 7, 2024Close106.156Aug 12, 2024Close107.188Aug 15, 2024Close107.500Aug 20, 2024Close109.375Aug 23, 2024Close108.875Aug 28, 2024Close108.313Sep 3, 2024Close108.406Sep 6, 2024Close110.219Sep 11, 2024Close111.438Sep 16, 2024Close111.906Sep 19, 2024Close109.625Sep 24, 2024Close109.125Sep 27, 2024Close108.969Oct 2, 2024Close108.313Oct 7, 2024Close105.313Oct 10, 2024Close104.000Oct 16, 2024Close105.375Oct 21, 2024Close102.281Oct 24, 2024Close102.531Oct 29, 2024Close101.656Nov 1, 2024Close100.938Nov 6, 2024Close100.188Nov 12, 2024Close100.500Nov 15, 2024Close100.188Nov 20, 2024Close100.281Nov 25, 2024Close102.656Nov 29, 2024Close104.125Dec 4, 2024Close104.313Dec 9, 2024Close103.719Dec 12, 2024Close101.031Dec 17, 2024Close100.406Dec 20, 2024Close98.375Dec 26, 2024Close97.656Dec 31, 2024Close97.344Jan 6, 2025Close96.406Jan 9, 2025Close95.063Jan 14, 2025Close94.344Jan 17, 2025Close96.438Jan 23, 2025Close96.063Jan 28, 2025Close97.344Jan 31, 2025Close96.656Feb 5, 2025Close99.625Feb 10, 2025Close98.406Feb 13, 2025Close98.125Feb 19, 2025Close97.531Feb 24, 2025Close99.156Feb 27, 2025Close100.781Mar 4, 2025Close101.219Mar 7, 2025Close99.781Mar 12, 2025Close99.531Mar 17, 2025Close100.031Mar 20, 2025Close100.813Mar 25, 2025Close99.219Mar 28, 2025Close99.469Apr 2, 2025Close100.969Apr 7, 2025Close100.438Apr 10, 2025Close95.906Apr 15, 2025Close97.125Apr 18, 2025Close96.875Apr 23, 2025Close96.406Apr 28, 2025Close98.594May 1, 2025Close97.875May 6, 2025Close96.750May 9, 2025Close96.219May 14, 2025Close94.250May 19, 2025Close95.031May 22, 2025Close93.125May 28, 2025Close94.281Jun 2, 2025Close94.000Jun 5, 2025Close95.594Jun 10, 2025Close94.844Jun 13, 2025Close95.219Jun 18, 2025Close95.625Jun 24, 2025Close96.406Jun 27, 2025Close96.219Jul 2, 2025Close96.594Jul 8, 2025Close94.813Jul 11, 2025Close94.531Jul 16, 2025Close93.813Jul 21, 2025Close94.906Jul 24, 2025Close94.656Jul 29, 2025Close96.031Aug 1, 2025Close97.000Aug 6, 2025Close96.938Aug 11, 2025Close96.375Aug 14, 2025Close95.875Aug 19, 2025Close95.531Aug 22, 2025Close95.875Aug 27, 2025Close95.344Sep 2, 2025Close94.500Sep 5, 2025Close97.563Sep 10, 2025Close98.938Sep 15, 2025Close99.375Sep 18, 2025Close98.344Sep 23, 2025Close98.219Sep 26, 2025Close97.656Oct 1, 2025Close98.406Oct 6, 2025Close97.719Oct 9, 2025Close98.281Oct 15, 2025Close99.750Oct 20, 2025Close100.656Oct 23, 2025Close100.594Oct 28, 2025Close101.063Oct 31, 2025Close99.156Nov 5, 2025Close98.031Nov 10, 2025Close98.531Nov 14, 2025Close97.906Nov 19, 2025Close97.844Nov 24, 2025Close98.938Nov 28, 2025Close99.219Dec 3, 2025Close98.250Dec 8, 2025Close96.906Dec 11, 2025Close97.250Dec 16, 2025Close96.813Dec 19, 2025Close96.719Dec 24, 2025Close97.219Dec 30, 2025Close96.969Jan 5, 2026Close96.375Jan 8, 2026Close96.281Jan 13, 2026Close96.688Jan 16, 2026Close96.656Jan 22, 2026Close96.469Jan 27, 2026Close96.594Jan 30, 2026Close96.031Feb 4, 2026Close95.406Feb 9, 2026Close96.406Feb 12, 2026Close98.250Feb 18, 2026Close98.438Feb 23, 2026Close98.594Feb 26, 2026Close99.188Mar 3, 2026Close98.594Mar 6, 2026Close97.531Mar 11, 2026Close96.156Mar 16, 2026Close96.125Mar 19, 2026Close96.469Mar 24, 2026Close94.906Mar 27, 2026Close94.281Apr 1, 2026Close95.250Apr 6, 2026Close95.656Apr 9, 2026Close95.531Apr 14, 2026Close96.000Apr 17, 2026Close95.750Apr 22, 2026Close95.531Apr 27, 2026Close94.906Apr 30, 2026Close94.281May 5, 2026Close94.281May 8, 2026Close94.844May 13, 2026Close93.500May 18, 2026Close92.094May 21, 2026Close92.625May 27, 2026Close93.813Jun 1, 2026Close94.156Jun 4, 2026Close94.375Jun 9, 2026Close93.875Jun 12, 2026Close94.406Jun 17, 2026Close95.000Jun 23, 2026Close94.844Jun 26, 2026Close95.969Jul 1, 2026Close94.469Jul 7, 2026Close93.313Jul 10, 2026Close93.063Jul 15, 2026Close92.906Jul 20, 2026Close92.469Jul 23, 2026Close91.594Jul 28, 2026Close92.656Jul 31, 2026Close90.219Aug 5, 2026Close91.531Aug 10, 2026Close90.531Aug 13, 2026Close91.031Aug 18, 2026Close90.031Aug 21, 2026Close90.219Aug 26, 2026Close91.500Aug 31, 2026Close90.563Sep 3, 2026Close90.594Sep 9, 2026Close90.156
The most recent 20 trading days of prices for 912810UA4.
DateBidOfferClose
Sep 9, 202689.93889.90690.156
Sep 8, 202690.65690.62590.500
Sep 4, 202690.68890.65690.625
Sep 3, 202690.81390.78190.594
Sep 2, 202690.29790.28190.281
Sep 1, 202690.64190.62590.281
Aug 31, 202690.42290.40690.563
Aug 28, 202691.48491.46991.000
Aug 27, 202691.56391.53191.375
Aug 26, 202691.54791.53191.500
Aug 25, 202691.57891.56391.656
Aug 24, 202691.04791.03190.844
Aug 21, 202690.35990.34490.219
Aug 20, 202690.59490.56390.813
Aug 19, 202691.17291.15691.313
Aug 18, 202689.84489.81390.031
Aug 17, 202690.04790.03189.719
Aug 14, 202690.32890.31390.406
Aug 13, 202691.03191.00091.031
Aug 12, 202690.79790.78190.563

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 912810UA4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 9, 2024May 15, 2024New issue$25.0bn$28.1bn2.41x4.635%
Jun 13, 2024Jun 17, 2024Reopening$22.0bn$22.7bn2.49x4.403%
Jul 11, 2024Jul 15, 2024Reopening$22.0bn$25.6bn2.30x4.405%

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.