Treasury bond

912810UE6 · 4.5% due November 15, 2054

Original term
30-Year
Maturity
Nov 15, 2054
Coupon
4.500%
Pays
Semi-Annual
Dated
Nov 15, 2024
First coupon
May 15, 2025
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$80.06bn
Held stripped
$14.08bn
Share stripped
17.59%

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
5.306%
Modified duration
14.807 yr
DV01
0.1329
Convexity
324.088
Dirty price
89.724

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 14.918 years against a modified duration of 14.807.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 3.24 cents per 100 of face.

That is 0.81 standard deviations from its own typical residual.

Yield to maturity, 454 observations

4.2%4.4%4.6%4.8%5.0%5.2%5.4%Nov 15, 2024Sep 9, 2026Nov 15, 2024Yield to maturity4.602%Nov 19, 2024Yield to maturity4.573%Nov 21, 2024Yield to maturity4.614%Nov 25, 2024Yield to maturity4.449%Nov 27, 2024Yield to maturity4.439%Dec 2, 2024Yield to maturity4.359%Dec 4, 2024Yield to maturity4.353%Dec 6, 2024Yield to maturity4.337%Dec 10, 2024Yield to maturity4.407%Dec 12, 2024Yield to maturity4.550%Dec 16, 2024Yield to maturity4.602%Dec 18, 2024Yield to maturity4.650%Dec 20, 2024Yield to maturity4.715%Dec 24, 2024Yield to maturity4.762%Dec 27, 2024Yield to maturity4.815%Dec 31, 2024Yield to maturity4.784%Jan 3, 2025Yield to maturity4.817%Jan 7, 2025Yield to maturity4.909%Jan 9, 2025Yield to maturity4.930%Jan 13, 2025Yield to maturity4.970%Jan 15, 2025Yield to maturity4.880%Jan 17, 2025Yield to maturity4.844%Jan 22, 2025Yield to maturity4.815%Jan 24, 2025Yield to maturity4.850%Jan 28, 2025Yield to maturity4.785%Jan 30, 2025Yield to maturity4.760%Feb 3, 2025Yield to maturity4.766%Feb 5, 2025Yield to maturity4.638%Feb 7, 2025Yield to maturity4.694%Feb 11, 2025Yield to maturity4.750%Feb 13, 2025Yield to maturity4.732%Feb 18, 2025Yield to maturity4.783%Feb 20, 2025Yield to maturity4.752%Feb 24, 2025Yield to maturity4.666%Feb 26, 2025Yield to maturity4.513%Feb 28, 2025Yield to maturity4.523%Mar 4, 2025Yield to maturity4.538%Mar 6, 2025Yield to maturity4.593%Mar 10, 2025Yield to maturity4.554%Mar 12, 2025Yield to maturity4.640%Mar 14, 2025Yield to maturity4.628%Mar 18, 2025Yield to maturity4.587%Mar 20, 2025Yield to maturity4.560%Mar 24, 2025Yield to maturity4.666%Mar 26, 2025Yield to maturity4.698%Mar 28, 2025Yield to maturity4.644%Apr 1, 2025Yield to maturity4.529%Apr 3, 2025Yield to maturity4.496%Apr 7, 2025Yield to maturity4.581%Apr 9, 2025Yield to maturity4.729%Apr 11, 2025Yield to maturity4.860%Apr 15, 2025Yield to maturity4.796%Apr 17, 2025Yield to maturity4.810%Apr 21, 2025Yield to maturity4.919%Apr 23, 2025Yield to maturity4.842%Apr 25, 2025Yield to maturity4.749%Apr 29, 2025Yield to maturity4.653%May 1, 2025Yield to maturity4.747%May 5, 2025Yield to maturity4.840%May 7, 2025Yield to maturity4.778%May 9, 2025Yield to maturity4.859%May 13, 2025Yield to maturity4.958%May 15, 2025Yield to maturity4.931%May 19, 2025Yield to maturity4.939%May 21, 2025Yield to maturity5.095%May 23, 2025Yield to maturity5.053%May 28, 2025Yield to maturity4.988%May 30, 2025Yield to maturity4.941%Jun 3, 2025Yield to maturity5.001%Jun 5, 2025Yield to maturity4.897%Jun 9, 2025Yield to maturity4.971%Jun 11, 2025Yield to maturity4.927%Jun 13, 2025Yield to maturity4.924%Jun 17, 2025Yield to maturity4.901%Jun 20, 2025Yield to maturity4.908%Jun 24, 2025Yield to maturity4.847%Jun 26, 2025Yield to maturity4.828%Jun 30, 2025Yield to maturity4.793%Jul 2, 2025Yield to maturity4.834%Jul 7, 2025Yield to maturity4.935%Jul 9, 2025Yield to maturity4.882%Jul 11, 2025Yield to maturity4.974%Jul 15, 2025Yield to maturity5.026%Jul 17, 2025Yield to maturity5.024%Jul 21, 2025Yield to maturity4.948%Jul 23, 2025Yield to maturity4.957%Jul 25, 2025Yield to maturity4.934%Jul 29, 2025Yield to maturity4.874%Jul 31, 2025Yield to maturity4.900%Aug 4, 2025Yield to maturity4.806%Aug 6, 2025Yield to maturity4.818%Aug 8, 2025Yield to maturity4.864%Aug 12, 2025Yield to maturity4.894%Aug 14, 2025Yield to maturity4.889%Aug 18, 2025Yield to maturity4.951%Aug 20, 2025Yield to maturity4.904%Aug 22, 2025Yield to maturity4.892%Aug 26, 2025Yield to maturity4.917%Aug 28, 2025Yield to maturity4.890%Sep 2, 2025Yield to maturity4.986%Sep 4, 2025Yield to maturity4.869%Sep 8, 2025Yield to maturity4.695%Sep 10, 2025Yield to maturity4.693%Sep 12, 2025Yield to maturity4.683%Sep 16, 2025Yield to maturity4.653%Sep 18, 2025Yield to maturity4.730%Sep 22, 2025Yield to maturity4.771%Sep 24, 2025Yield to maturity4.763%Sep 26, 2025Yield to maturity4.773%Sep 30, 2025Yield to maturity4.738%Oct 2, 2025Yield to maturity4.702%Oct 6, 2025Yield to maturity4.771%Oct 8, 2025Yield to maturity4.732%Oct 10, 2025Yield to maturity4.636%Oct 15, 2025Yield to maturity4.642%Oct 17, 2025Yield to maturity4.606%Oct 21, 2025Yield to maturity4.552%Oct 23, 2025Yield to maturity4.586%Oct 27, 2025Yield to maturity4.574%Oct 29, 2025Yield to maturity4.612%Oct 31, 2025Yield to maturity4.674%Nov 4, 2025Yield to maturity4.678%Nov 6, 2025Yield to maturity4.694%Nov 10, 2025Yield to maturity4.717%Nov 13, 2025Yield to maturity4.715%Nov 17, 2025Yield to maturity4.743%Nov 19, 2025Yield to maturity4.762%Nov 21, 2025Yield to maturity4.725%Nov 25, 2025Yield to maturity4.680%Nov 28, 2025Yield to maturity4.676%Dec 2, 2025Yield to maturity4.752%Dec 4, 2025Yield to maturity4.776%Dec 8, 2025Yield to maturity4.826%Dec 10, 2025Yield to maturity4.797%Dec 12, 2025Yield to maturity4.873%Dec 16, 2025Yield to maturity4.833%Dec 18, 2025Yield to maturity4.810%Dec 22, 2025Yield to maturity4.852%Dec 24, 2025Yield to maturity4.806%Dec 29, 2025Yield to maturity4.812%Dec 31, 2025Yield to maturity4.856%Jan 5, 2026Yield to maturity4.862%Jan 7, 2026Yield to maturity4.831%Jan 9, 2026Yield to maturity4.829%Jan 13, 2026Yield to maturity4.841%Jan 15, 2026Yield to maturity4.802%Jan 20, 2026Yield to maturity4.926%Jan 22, 2026Yield to maturity4.856%Jan 26, 2026Yield to maturity4.812%Jan 28, 2026Yield to maturity4.871%Jan 30, 2026Yield to maturity4.886%Feb 3, 2026Yield to maturity4.914%Feb 5, 2026Yield to maturity4.867%Feb 9, 2026Yield to maturity4.863%Feb 11, 2026Yield to maturity4.829%Feb 13, 2026Yield to maturity4.709%Feb 18, 2026Yield to maturity4.728%Feb 20, 2026Yield to maturity4.738%Feb 24, 2026Yield to maturity4.713%Feb 26, 2026Yield to maturity4.681%Mar 2, 2026Yield to maturity4.711%Mar 4, 2026Yield to maturity4.736%Mar 6, 2026Yield to maturity4.784%Mar 10, 2026Yield to maturity4.794%Mar 12, 2026Yield to maturity4.904%Mar 16, 2026Yield to maturity4.880%Mar 18, 2026Yield to maturity4.900%Mar 20, 2026Yield to maturity4.984%Mar 24, 2026Yield to maturity4.960%Mar 26, 2026Yield to maturity4.956%Mar 30, 2026Yield to maturity4.930%Apr 1, 2026Yield to maturity4.936%Apr 3, 2026Yield to maturity4.937%Apr 7, 2026Yield to maturity4.926%Apr 9, 2026Yield to maturity4.922%Apr 13, 2026Yield to maturity4.920%Apr 15, 2026Yield to maturity4.911%Apr 17, 2026Yield to maturity4.905%Apr 21, 2026Yield to maturity4.911%Apr 23, 2026Yield to maturity4.941%Apr 27, 2026Yield to maturity4.963%Apr 29, 2026Yield to maturity5.000%May 1, 2026Yield to maturity4.989%May 5, 2026Yield to maturity5.005%May 7, 2026Yield to maturity4.996%May 11, 2026Yield to maturity5.005%May 13, 2026Yield to maturity5.060%May 15, 2026Yield to maturity5.152%May 19, 2026Yield to maturity5.205%May 21, 2026Yield to maturity5.121%May 26, 2026Yield to maturity5.056%May 28, 2026Yield to maturity5.010%Jun 1, 2026Yield to maturity5.014%Jun 3, 2026Yield to maturity5.014%Jun 5, 2026Yield to maturity5.034%Jun 9, 2026Yield to maturity5.032%Jun 11, 2026Yield to maturity4.973%Jun 15, 2026Yield to maturity4.992%Jun 17, 2026Yield to maturity4.955%Jun 22, 2026Yield to maturity4.971%Jun 24, 2026Yield to maturity4.882%Jun 26, 2026Yield to maturity4.889%Jun 30, 2026Yield to maturity4.938%Jul 2, 2026Yield to maturity5.008%Jul 7, 2026Yield to maturity5.072%Jul 9, 2026Yield to maturity5.081%Jul 13, 2026Yield to maturity5.126%Jul 15, 2026Yield to maturity5.102%Jul 17, 2026Yield to maturity5.090%Jul 21, 2026Yield to maturity5.156%Jul 23, 2026Yield to maturity5.197%Jul 27, 2026Yield to maturity5.152%Jul 29, 2026Yield to maturity5.229%Jul 31, 2026Yield to maturity5.295%Aug 4, 2026Yield to maturity5.214%Aug 6, 2026Yield to maturity5.241%Aug 10, 2026Yield to maturity5.276%Aug 12, 2026Yield to maturity5.274%Aug 14, 2026Yield to maturity5.286%Aug 18, 2026Yield to maturity5.316%Aug 20, 2026Yield to maturity5.258%Aug 24, 2026Yield to maturity5.258%Aug 26, 2026Yield to maturity5.207%Aug 28, 2026Yield to maturity5.242%Sep 1, 2026Yield to maturity5.294%Sep 3, 2026Yield to maturity5.273%Sep 8, 2026Yield to maturity5.280%Sep 9, 2026Yield to maturity5.306%

Price history

454 trading days to Sep 9, 2026

87.590.092.595.097.5100.0102.5105.0Nov 15, 2024Sep 9, 2026Nov 15, 2024Close98.344Nov 19, 2024Close98.813Nov 21, 2024Close98.156Nov 25, 2024Close100.844Nov 27, 2024Close101.000Dec 2, 2024Close102.344Dec 4, 2024Close102.438Dec 6, 2024Close102.719Dec 10, 2024Close101.531Dec 12, 2024Close99.188Dec 16, 2024Close98.344Dec 18, 2024Close97.594Dec 20, 2024Close96.563Dec 24, 2024Close95.844Dec 27, 2024Close95.031Dec 31, 2024Close95.500Jan 3, 2025Close95.000Jan 7, 2025Close93.625Jan 9, 2025Close93.313Jan 13, 2025Close92.719Jan 15, 2025Close94.063Jan 17, 2025Close94.594Jan 22, 2025Close95.031Jan 24, 2025Close94.500Jan 28, 2025Close95.500Jan 30, 2025Close95.875Feb 3, 2025Close95.781Feb 5, 2025Close97.781Feb 7, 2025Close96.906Feb 11, 2025Close96.031Feb 13, 2025Close96.313Feb 18, 2025Close95.531Feb 20, 2025Close96.000Feb 24, 2025Close97.344Feb 26, 2025Close99.781Feb 28, 2025Close99.625Mar 4, 2025Close99.375Mar 6, 2025Close98.500Mar 10, 2025Close99.125Mar 12, 2025Close97.750Mar 14, 2025Close97.938Mar 18, 2025Close98.594Mar 20, 2025Close99.031Mar 24, 2025Close97.344Mar 26, 2025Close96.844Mar 28, 2025Close97.688Apr 1, 2025Close99.531Apr 3, 2025Close100.063Apr 7, 2025Close98.688Apr 9, 2025Close96.375Apr 11, 2025Close94.375Apr 15, 2025Close95.344Apr 17, 2025Close95.125Apr 21, 2025Close93.500Apr 23, 2025Close94.656Apr 25, 2025Close96.063Apr 29, 2025Close97.563May 1, 2025Close96.094May 5, 2025Close94.688May 7, 2025Close95.625May 9, 2025Close94.406May 13, 2025Close92.938May 15, 2025Close93.344May 19, 2025Close93.219May 21, 2025Close90.969May 23, 2025Close91.563May 28, 2025Close92.500May 30, 2025Close93.188Jun 3, 2025Close92.313Jun 5, 2025Close93.844Jun 9, 2025Close92.750Jun 11, 2025Close93.406Jun 13, 2025Close93.438Jun 17, 2025Close93.781Jun 20, 2025Close93.688Jun 24, 2025Close94.594Jun 26, 2025Close94.875Jun 30, 2025Close95.406Jul 2, 2025Close94.781Jul 7, 2025Close93.281Jul 9, 2025Close94.063Jul 11, 2025Close92.719Jul 15, 2025Close91.969Jul 17, 2025Close92.000Jul 21, 2025Close93.094Jul 23, 2025Close92.969Jul 25, 2025Close93.313Jul 29, 2025Close94.188Jul 31, 2025Close93.813Aug 4, 2025Close95.219Aug 6, 2025Close95.031Aug 8, 2025Close94.344Aug 12, 2025Close93.906Aug 14, 2025Close93.969Aug 18, 2025Close93.063Aug 20, 2025Close93.750Aug 22, 2025Close93.938Aug 26, 2025Close93.563Aug 28, 2025Close93.969Sep 2, 2025Close92.563Sep 4, 2025Close94.281Sep 8, 2025Close96.906Sep 10, 2025Close96.938Sep 12, 2025Close97.094Sep 16, 2025Close97.563Sep 18, 2025Close96.375Sep 22, 2025Close95.750Sep 24, 2025Close95.875Sep 26, 2025Close95.719Sep 30, 2025Close96.250Oct 2, 2025Close96.813Oct 6, 2025Close95.750Oct 8, 2025Close96.344Oct 10, 2025Close97.844Oct 15, 2025Close97.750Oct 17, 2025Close98.313Oct 21, 2025Close99.156Oct 23, 2025Close98.625Oct 27, 2025Close98.813Oct 29, 2025Close98.219Oct 31, 2025Close97.250Nov 4, 2025Close97.188Nov 6, 2025Close96.938Nov 10, 2025Close96.594Nov 13, 2025Close96.625Nov 17, 2025Close96.188Nov 19, 2025Close95.906Nov 21, 2025Close96.469Nov 25, 2025Close97.156Nov 28, 2025Close97.219Dec 2, 2025Close96.063Dec 4, 2025Close95.688Dec 8, 2025Close94.938Dec 10, 2025Close95.375Dec 12, 2025Close94.250Dec 16, 2025Close94.844Dec 18, 2025Close95.188Dec 22, 2025Close94.563Dec 24, 2025Close95.250Dec 29, 2025Close95.156Dec 31, 2025Close94.500Jan 5, 2026Close94.406Jan 7, 2026Close94.875Jan 9, 2026Close94.906Jan 13, 2026Close94.719Jan 15, 2026Close95.313Jan 20, 2026Close93.469Jan 22, 2026Close94.500Jan 26, 2026Close95.156Jan 28, 2026Close94.281Jan 30, 2026Close94.063Feb 3, 2026Close93.656Feb 5, 2026Close94.344Feb 9, 2026Close94.406Feb 11, 2026Close94.906Feb 13, 2026Close96.719Feb 18, 2026Close96.438Feb 20, 2026Close96.281Feb 24, 2026Close96.656Feb 26, 2026Close97.156Mar 2, 2026Close96.688Mar 4, 2026Close96.313Mar 6, 2026Close95.594Mar 10, 2026Close95.438Mar 12, 2026Close93.813Mar 16, 2026Close94.156Mar 18, 2026Close93.875Mar 20, 2026Close92.656Mar 24, 2026Close93.000Mar 26, 2026Close93.063Mar 30, 2026Close93.438Apr 1, 2026Close93.344Apr 3, 2026Close93.344Apr 7, 2026Close93.500Apr 9, 2026Close93.563Apr 13, 2026Close93.594Apr 15, 2026Close93.719Apr 17, 2026Close93.813Apr 21, 2026Close93.719Apr 23, 2026Close93.281Apr 27, 2026Close92.969Apr 29, 2026Close92.438May 1, 2026Close92.594May 5, 2026Close92.375May 7, 2026Close92.500May 11, 2026Close92.375May 13, 2026Close91.594May 15, 2026Close90.313May 19, 2026Close89.594May 21, 2026Close90.750May 26, 2026Close91.656May 28, 2026Close92.313Jun 1, 2026Close92.250Jun 3, 2026Close92.250Jun 5, 2026Close91.969Jun 9, 2026Close92.000Jun 11, 2026Close92.844Jun 15, 2026Close92.563Jun 17, 2026Close93.094Jun 22, 2026Close92.875Jun 24, 2026Close94.156Jun 26, 2026Close94.063Jun 30, 2026Close93.344Jul 2, 2026Close92.344Jul 7, 2026Close91.438Jul 9, 2026Close91.313Jul 13, 2026Close90.688Jul 15, 2026Close91.031Jul 17, 2026Close91.188Jul 21, 2026Close90.281Jul 23, 2026Close89.719Jul 27, 2026Close90.344Jul 29, 2026Close89.281Jul 31, 2026Close88.406Aug 4, 2026Close89.500Aug 6, 2026Close89.125Aug 10, 2026Close88.656Aug 12, 2026Close88.688Aug 14, 2026Close88.531Aug 18, 2026Close88.125Aug 20, 2026Close88.906Aug 24, 2026Close88.906Aug 26, 2026Close89.594Aug 28, 2026Close89.125Sep 1, 2026Close88.438Sep 3, 2026Close88.719Sep 8, 2026Close88.625Sep 9, 2026Close88.281
The most recent 20 trading days of prices for 912810UE6.
DateBidOfferClose
Sep 9, 202688.07888.06388.281
Sep 8, 202688.79788.78188.625
Sep 4, 202688.81388.78188.781
Sep 3, 202688.95388.93888.719
Sep 2, 202688.43888.40688.438
Sep 1, 202688.76688.75088.438
Aug 31, 202688.54788.53188.688
Aug 28, 202689.57889.56389.125
Aug 27, 202689.65689.62589.469
Aug 26, 202689.60989.59489.594
Aug 25, 202689.64189.62589.750
Aug 24, 202689.14189.12588.906
Aug 21, 202688.45388.43888.313
Aug 20, 202688.70388.68888.906
Aug 19, 202689.25089.21989.406
Aug 18, 202687.95387.93888.125
Aug 17, 202688.15688.12587.813
Aug 14, 202688.45388.43888.531
Aug 13, 202689.14189.12589.156
Aug 12, 202688.92288.90688.688

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 912810UE6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 6, 2024Nov 15, 2024New issue$25.0bn$31.1bn2.64x4.608%
Dec 12, 2024Dec 16, 2024Reopening$22.0bn$22.2bn2.39x4.535%
Jan 8, 2025Jan 15, 2025Reopening$22.0bn$26.8bn2.52x4.913%

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.