Treasury note

9128286B1 · 2.625% due February 15, 2029

Original term
10-Year
Maturity
Feb 15, 2029
Coupon
2.625%
Pays
Semi-Annual
Dated
Feb 15, 2019
First coupon
Aug 15, 2019
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$80.70bn
Held stripped
$15.0m
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
4.490%
Modified duration
2.312 yr
DV01
0.0222
Convexity
6.566
Dirty price
95.935

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 5 of twelve buckets, summing to 2.367 years against a modified duration of 2.312.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 1.72 cents per 100 of face.

That is -0.39 standard deviations from its own typical residual.

Yield to maturity, 1,894 observations

0%1%2%3%4%5%6%Feb 15, 2019Sep 9, 2026Feb 15, 2019Yield to maturity2.664%Feb 28, 2019Yield to maturity2.726%Mar 12, 2019Yield to maturity2.603%Mar 22, 2019Yield to maturity2.439%Apr 3, 2019Yield to maturity2.517%Apr 15, 2019Yield to maturity2.549%Apr 26, 2019Yield to maturity2.502%May 8, 2019Yield to maturity2.484%May 20, 2019Yield to maturity2.411%May 31, 2019Yield to maturity2.141%Jun 12, 2019Yield to maturity2.119%Jun 24, 2019Yield to maturity2.019%Jul 5, 2019Yield to maturity2.038%Jul 17, 2019Yield to maturity2.054%Jul 29, 2019Yield to maturity2.053%Aug 8, 2019Yield to maturity1.704%Aug 20, 2019Yield to maturity1.544%Aug 30, 2019Yield to maturity1.500%Sep 12, 2019Yield to maturity1.785%Sep 24, 2019Yield to maturity1.641%Oct 4, 2019Yield to maturity1.507%Oct 17, 2019Yield to maturity1.743%Oct 29, 2019Yield to maturity1.825%Nov 8, 2019Yield to maturity1.932%Nov 21, 2019Yield to maturity1.770%Dec 4, 2019Yield to maturity1.767%Dec 16, 2019Yield to maturity1.876%Dec 27, 2019Yield to maturity1.866%Jan 9, 2020Yield to maturity1.831%Jan 22, 2020Yield to maturity1.749%Feb 3, 2020Yield to maturity1.507%Feb 13, 2020Yield to maturity1.596%Feb 26, 2020Yield to maturity1.310%Mar 9, 2020Yield to maturity0.590%Mar 19, 2020Yield to maturity1.211%Mar 31, 2020Yield to maturity0.677%Apr 13, 2020Yield to maturity0.720%Apr 23, 2020Yield to maturity0.568%May 5, 2020Yield to maturity0.614%May 15, 2020Yield to maturity0.587%May 28, 2020Yield to maturity0.635%Jun 9, 2020Yield to maturity0.751%Jun 19, 2020Yield to maturity0.615%Jul 1, 2020Yield to maturity0.609%Jul 14, 2020Yield to maturity0.554%Jul 24, 2020Yield to maturity0.523%Aug 5, 2020Yield to maturity0.475%Aug 17, 2020Yield to maturity0.592%Aug 27, 2020Yield to maturity0.642%Sep 9, 2020Yield to maturity0.589%Sep 21, 2020Yield to maturity0.557%Oct 1, 2020Yield to maturity0.558%Oct 14, 2020Yield to maturity0.604%Oct 26, 2020Yield to maturity0.682%Nov 5, 2020Yield to maturity0.658%Nov 18, 2020Yield to maturity0.745%Dec 1, 2020Yield to maturity0.785%Dec 11, 2020Yield to maturity0.741%Dec 23, 2020Yield to maturity0.784%Jan 6, 2021Yield to maturity0.850%Jan 19, 2021Yield to maturity0.903%Jan 29, 2021Yield to maturity0.904%Feb 10, 2021Yield to maturity0.922%Feb 23, 2021Yield to maturity1.122%Mar 5, 2021Yield to maturity1.347%Mar 17, 2021Yield to maturity1.387%Mar 29, 2021Yield to maturity1.486%Apr 8, 2021Yield to maturity1.410%Apr 20, 2021Yield to maturity1.345%Apr 30, 2021Yield to maturity1.417%May 12, 2021Yield to maturity1.446%May 24, 2021Yield to maturity1.372%Jun 4, 2021Yield to maturity1.326%Jun 16, 2021Yield to maturity1.371%Jun 28, 2021Yield to maturity1.312%Jul 9, 2021Yield to maturity1.180%Jul 21, 2021Yield to maturity1.097%Aug 2, 2021Yield to maturity1.002%Aug 12, 2021Yield to maturity1.177%Aug 24, 2021Yield to maturity1.113%Sep 3, 2021Yield to maturity1.123%Sep 16, 2021Yield to maturity1.156%Sep 28, 2021Yield to maturity1.361%Oct 8, 2021Yield to maturity1.407%Oct 21, 2021Yield to maturity1.524%Nov 2, 2021Yield to maturity1.415%Nov 15, 2021Yield to maturity1.510%Nov 26, 2021Yield to maturity1.391%Dec 8, 2021Yield to maturity1.431%Dec 20, 2021Yield to maturity1.325%Dec 31, 2021Yield to maturity1.420%Jan 12, 2022Yield to maturity1.659%Jan 25, 2022Yield to maturity1.714%Feb 4, 2022Yield to maturity1.890%Feb 16, 2022Yield to maturity2.000%Mar 1, 2022Yield to maturity1.665%Mar 11, 2022Yield to maturity2.008%Mar 23, 2022Yield to maturity2.383%Apr 4, 2022Yield to maturity2.535%Apr 14, 2022Yield to maturity2.847%Apr 27, 2022Yield to maturity2.848%May 9, 2022Yield to maturity3.052%May 19, 2022Yield to maturity2.876%Jun 1, 2022Yield to maturity2.998%Jun 13, 2022Yield to maturity3.542%Jun 24, 2022Yield to maturity3.198%Jul 7, 2022Yield to maturity3.083%Jul 19, 2022Yield to maturity3.133%Jul 29, 2022Yield to maturity2.719%Aug 10, 2022Yield to maturity2.901%Aug 22, 2022Yield to maturity3.162%Sep 1, 2022Yield to maturity3.419%Sep 14, 2022Yield to maturity3.581%Sep 26, 2022Yield to maturity4.131%Oct 6, 2022Yield to maturity4.042%Oct 19, 2022Yield to maturity4.354%Oct 31, 2022Yield to maturity4.278%Nov 10, 2022Yield to maturity3.974%Nov 23, 2022Yield to maturity3.902%Dec 6, 2022Yield to maturity3.724%Dec 16, 2022Yield to maturity3.635%Dec 29, 2022Yield to maturity3.975%Jan 11, 2023Yield to maturity3.657%Jan 24, 2023Yield to maturity3.573%Feb 3, 2023Yield to maturity3.668%Feb 15, 2023Yield to maturity4.015%Feb 28, 2023Yield to maturity4.154%Mar 10, 2023Yield to maturity3.943%Mar 22, 2023Yield to maturity3.615%Apr 3, 2023Yield to maturity3.546%Apr 13, 2023Yield to maturity3.538%Apr 25, 2023Yield to maturity3.469%May 5, 2023Yield to maturity3.461%May 17, 2023Yield to maturity3.633%May 30, 2023Yield to maturity3.854%Jun 9, 2023Yield to maturity3.945%Jun 22, 2023Yield to maturity4.036%Jul 5, 2023Yield to maturity4.235%Jul 17, 2023Yield to maturity4.019%Jul 27, 2023Yield to maturity4.252%Aug 8, 2023Yield to maturity4.127%Aug 18, 2023Yield to maturity4.406%Aug 30, 2023Yield to maturity4.312%Sep 12, 2023Yield to maturity4.439%Sep 22, 2023Yield to maturity4.602%Oct 4, 2023Yield to maturity4.767%Oct 17, 2023Yield to maturity4.909%Oct 27, 2023Yield to maturity4.828%Nov 8, 2023Yield to maturity4.566%Nov 20, 2023Yield to maturity4.492%Dec 1, 2023Yield to maturity4.219%Dec 13, 2023Yield to maturity4.065%Dec 26, 2023Yield to maturity3.940%Jan 8, 2024Yield to maturity4.005%Jan 19, 2024Yield to maturity4.093%Jan 31, 2024Yield to maturity3.936%Feb 12, 2024Yield to maturity4.161%Feb 23, 2024Yield to maturity4.303%Mar 6, 2024Yield to maturity4.157%Mar 18, 2024Yield to maturity4.389%Mar 28, 2024Yield to maturity4.249%Apr 9, 2024Yield to maturity4.410%Apr 19, 2024Yield to maturity4.697%May 1, 2024Yield to maturity4.678%May 13, 2024Yield to maturity4.535%May 23, 2024Yield to maturity4.561%Jun 5, 2024Yield to maturity4.349%Jun 17, 2024Yield to maturity4.345%Jun 28, 2024Yield to maturity4.381%Jul 11, 2024Yield to maturity4.171%Jul 23, 2024Yield to maturity4.190%Aug 2, 2024Yield to maturity3.644%Aug 14, 2024Yield to maturity3.697%Aug 26, 2024Yield to maturity3.704%Sep 6, 2024Yield to maturity3.531%Sep 18, 2024Yield to maturity3.504%Sep 30, 2024Yield to maturity3.606%Oct 10, 2024Yield to maturity3.927%Oct 23, 2024Yield to maturity4.077%Nov 4, 2024Yield to maturity4.187%Nov 15, 2024Yield to maturity4.317%Nov 27, 2024Yield to maturity4.168%Dec 10, 2024Yield to maturity4.119%Dec 20, 2024Yield to maturity4.372%Jan 3, 2025Yield to maturity4.396%Jan 15, 2025Yield to maturity4.434%Jan 28, 2025Yield to maturity4.316%Feb 7, 2025Yield to maturity4.347%Feb 20, 2025Yield to maturity4.333%Mar 4, 2025Yield to maturity3.997%Mar 14, 2025Yield to maturity4.071%Mar 26, 2025Yield to maturity4.062%Apr 7, 2025Yield to maturity3.784%Apr 17, 2025Yield to maturity3.883%Apr 29, 2025Yield to maturity3.710%May 9, 2025Yield to maturity3.941%May 21, 2025Yield to maturity4.072%Jun 3, 2025Yield to maturity3.981%Jun 13, 2025Yield to maturity3.964%Jun 26, 2025Yield to maturity3.728%Jul 9, 2025Yield to maturity3.853%Jul 21, 2025Yield to maturity3.835%Jul 31, 2025Yield to maturity3.903%Aug 12, 2025Yield to maturity3.738%Aug 22, 2025Yield to maturity3.669%Sep 4, 2025Yield to maturity3.578%Sep 16, 2025Yield to maturity3.507%Sep 26, 2025Yield to maturity3.686%Oct 8, 2025Yield to maturity3.633%Oct 21, 2025Yield to maturity3.479%Oct 31, 2025Yield to maturity3.632%Nov 13, 2025Yield to maturity3.620%Nov 25, 2025Yield to maturity3.483%Dec 8, 2025Yield to maturity3.641%Dec 18, 2025Yield to maturity3.531%Dec 31, 2025Yield to maturity3.574%Jan 13, 2026Yield to maturity3.606%Jan 26, 2026Yield to maturity3.673%Feb 5, 2026Yield to maturity3.559%Feb 18, 2026Yield to maturity3.513%Mar 2, 2026Yield to maturity3.500%Mar 12, 2026Yield to maturity3.773%Mar 24, 2026Yield to maturity3.950%Apr 3, 2026Yield to maturity3.893%Apr 15, 2026Yield to maturity3.785%Apr 27, 2026Yield to maturity3.835%May 7, 2026Yield to maturity3.944%May 19, 2026Yield to maturity4.196%Jun 1, 2026Yield to maturity4.103%Jun 11, 2026Yield to maturity4.105%Jun 24, 2026Yield to maturity4.163%Jul 7, 2026Yield to maturity4.210%Jul 17, 2026Yield to maturity4.217%Jul 29, 2026Yield to maturity4.288%Aug 10, 2026Yield to maturity4.309%Aug 20, 2026Yield to maturity4.245%Sep 1, 2026Yield to maturity4.447%Sep 9, 2026Yield to maturity4.490%

Price history

1,894 trading days to Sep 9, 2026

859095100105110115120Feb 15, 2019Sep 9, 2026Feb 15, 2019Close99.656Feb 28, 2019Close99.125Mar 12, 2019Close100.188Mar 22, 2019Close101.625Apr 3, 2019Close100.938Apr 15, 2019Close100.656Apr 26, 2019Close101.063May 8, 2019Close101.219May 20, 2019Close101.844May 31, 2019Close104.219Jun 12, 2019Close104.406Jun 24, 2019Close105.281Jul 5, 2019Close105.094Jul 17, 2019Close104.938Jul 29, 2019Close104.938Aug 8, 2019Close108.063Aug 20, 2019Close109.500Aug 30, 2019Close109.875Sep 12, 2019Close107.250Sep 24, 2019Close108.531Oct 4, 2019Close109.719Oct 17, 2019Close107.563Oct 29, 2019Close106.813Nov 8, 2019Close105.844Nov 21, 2019Close107.250Dec 4, 2019Close107.250Dec 16, 2019Close106.281Dec 27, 2019Close106.344Jan 9, 2020Close106.625Jan 22, 2020Close107.313Feb 3, 2020Close109.406Feb 13, 2020Close108.594Feb 26, 2020Close111.094Mar 9, 2020Close117.688Mar 19, 2020Close111.906Mar 31, 2020Close116.750Apr 13, 2020Close116.281Apr 23, 2020Close117.656May 5, 2020Close117.156May 15, 2020Close117.344May 28, 2020Close116.844Jun 9, 2020Close115.719Jun 19, 2020Close116.906Jul 1, 2020Close116.906Jul 14, 2020Close117.344Jul 24, 2020Close117.563Aug 5, 2020Close117.938Aug 17, 2020Close116.813Aug 27, 2020Close116.313Sep 9, 2020Close116.719Sep 21, 2020Close116.938Oct 1, 2020Close116.875Oct 14, 2020Close116.406Oct 26, 2020Close115.656Nov 5, 2020Close115.813Nov 18, 2020Close115.000Dec 1, 2020Close114.594Dec 11, 2020Close114.906Dec 23, 2020Close114.500Jan 6, 2021Close113.875Jan 19, 2021Close113.375Jan 29, 2021Close113.313Feb 10, 2021Close113.125Feb 23, 2021Close111.438Mar 5, 2021Close109.594Mar 17, 2021Close109.250Mar 29, 2021Close108.438Apr 8, 2021Close109.000Apr 20, 2021Close109.469Apr 30, 2021Close108.875May 12, 2021Close108.625May 24, 2021Close109.156Jun 4, 2021Close109.469Jun 16, 2021Close109.094Jun 28, 2021Close109.500Jul 9, 2021Close110.469Jul 21, 2021Close111.063Aug 2, 2021Close111.750Aug 12, 2021Close110.375Aug 24, 2021Close110.813Sep 3, 2021Close110.688Sep 16, 2021Close110.406Sep 28, 2021Close108.844Oct 8, 2021Close108.469Oct 21, 2021Close107.594Nov 2, 2021Close108.344Nov 15, 2021Close107.625Nov 26, 2021Close108.438Dec 8, 2021Close108.125Dec 20, 2021Close108.844Dec 31, 2021Close108.125Jan 12, 2022Close106.438Jan 25, 2022Close106.031Feb 4, 2022Close104.813Feb 16, 2022Close104.063Mar 1, 2022Close106.281Mar 11, 2022Close103.969Mar 23, 2022Close101.531Apr 4, 2022Close100.563Apr 14, 2022Close98.625Apr 27, 2022Close98.625May 9, 2022Close97.406May 19, 2022Close98.469Jun 1, 2022Close97.750Jun 13, 2022Close94.594Jun 24, 2022Close96.594Jul 7, 2022Close97.281Jul 19, 2022Close97.000Jul 29, 2022Close99.438Aug 10, 2022Close98.375Aug 22, 2022Close96.875Sep 1, 2022Close95.438Sep 14, 2022Close94.563Sep 26, 2022Close91.625Oct 6, 2022Close92.125Oct 19, 2022Close90.531Oct 31, 2022Close90.969Nov 10, 2022Close92.594Nov 23, 2022Close93.000Dec 6, 2022Close93.969Dec 16, 2022Close94.469Dec 29, 2022Close92.719Jan 11, 2023Close94.406Jan 24, 2023Close94.875Feb 3, 2023Close94.406Feb 15, 2023Close92.656Feb 28, 2023Close92.000Mar 10, 2023Close93.094Mar 22, 2023Close94.781Apr 3, 2023Close95.156Apr 13, 2023Close95.219Apr 25, 2023Close95.594May 5, 2023Close95.656May 17, 2023Close94.813May 30, 2023Close93.750Jun 9, 2023Close93.344Jun 22, 2023Close92.938Jul 5, 2023Close92.031Jul 17, 2023Close93.094Jul 27, 2023Close92.031Aug 8, 2023Close92.656Aug 18, 2023Close91.406Aug 30, 2023Close91.875Sep 12, 2023Close91.344Sep 22, 2023Close90.656Oct 4, 2023Close89.969Oct 17, 2023Close89.406Oct 27, 2023Close89.813Nov 8, 2023Close91.000Nov 20, 2023Close91.375Dec 1, 2023Close92.625Dec 13, 2023Close93.344Dec 26, 2023Close93.938Jan 8, 2024Close93.688Jan 19, 2024Close93.344Jan 31, 2024Close94.063Feb 12, 2024Close93.125Feb 23, 2024Close92.563Mar 6, 2024Close93.219Mar 18, 2024Close92.281Mar 28, 2024Close92.906Apr 9, 2024Close92.281Apr 19, 2024Close91.156May 1, 2024Close91.281May 13, 2024Close91.906May 23, 2024Close91.844Jun 5, 2024Close92.750Jun 17, 2024Close92.813Jun 28, 2024Close92.719Jul 11, 2024Close93.594Jul 23, 2024Close93.563Aug 2, 2024Close95.781Aug 14, 2024Close95.594Aug 26, 2024Close95.594Sep 6, 2024Close96.313Sep 18, 2024Close96.438Sep 30, 2024Close96.063Oct 10, 2024Close94.844Oct 23, 2024Close94.313Nov 4, 2024Close93.938Nov 15, 2024Close93.500Nov 27, 2024Close94.094Dec 10, 2024Close94.313Dec 20, 2024Close93.438Jan 3, 2025Close93.406Jan 15, 2025Close93.313Jan 28, 2025Close93.781Feb 7, 2025Close93.719Feb 20, 2025Close93.813Mar 4, 2025Close95.031Mar 14, 2025Close94.813Mar 26, 2025Close94.875Apr 7, 2025Close95.875Apr 17, 2025Close95.563Apr 29, 2025Close96.188May 9, 2025Close95.438May 21, 2025Close95.031Jun 3, 2025Close95.375Jun 13, 2025Close95.469Jun 26, 2025Close96.281Jul 9, 2025Close95.906Jul 21, 2025Close96.000Jul 31, 2025Close95.813Aug 12, 2025Close96.375Aug 22, 2025Close96.625Sep 4, 2025Close96.938Sep 16, 2025Close97.188Sep 26, 2025Close96.656Oct 8, 2025Close96.844Oct 21, 2025Close97.344Oct 31, 2025Close96.906Nov 13, 2025Close96.969Nov 25, 2025Close97.406Dec 8, 2025Close96.969Dec 18, 2025Close97.313Dec 31, 2025Close97.219Jan 13, 2026Close97.156Jan 26, 2026Close97.000Feb 5, 2026Close97.344Feb 18, 2026Close97.500Mar 2, 2026Close97.563Mar 12, 2026Close96.844Mar 24, 2026Close96.406Apr 3, 2026Close96.594Apr 15, 2026Close96.906Apr 27, 2026Close96.813May 7, 2026Close96.563May 19, 2026Close95.969Jun 1, 2026Close96.250Jun 11, 2026Close96.281Jun 24, 2026Close96.188Jul 7, 2026Close96.125Jul 17, 2026Close96.156Jul 29, 2026Close96.031Aug 10, 2026Close96.031Aug 20, 2026Close96.219Sep 1, 2026Close95.813Sep 9, 2026Close95.750
The most recent 20 trading days of prices for 9128286B1.
DateBidOfferClose
Sep 9, 202695.78195.75095.750
Sep 8, 202695.85995.84495.844
Sep 4, 202695.90695.87595.875
Sep 3, 202695.98495.96995.938
Sep 2, 202695.85995.84495.844
Sep 1, 202695.89195.87595.813
Aug 31, 202695.95395.93895.938
Aug 28, 202695.98495.96995.906
Aug 27, 202696.21996.18896.156
Aug 26, 202696.20396.18896.188
Aug 25, 202696.23496.21996.250
Aug 24, 202696.17296.15696.125
Aug 21, 202696.10996.09496.125
Aug 20, 202696.21996.18896.219
Aug 19, 202696.23496.21996.250
Aug 18, 202696.25096.21996.219
Aug 17, 202696.26696.25096.219
Aug 14, 202696.29796.28196.219
Aug 13, 202696.29796.28196.281
Aug 12, 202696.20396.18896.156

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 9128286B1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 6, 2019Feb 15, 2019New issue$27.0bn$33.5bn2.35x2.689%
Mar 12, 2019Mar 15, 2019Reopening$24.0bn$24.0bn2.59x2.615%
Apr 10, 2019Apr 15, 2019Reopening$24.0bn$24.0bn2.55x2.466%

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.