Treasury note

9128286T2 · 2.375% due May 15, 2029

Original term
10-Year
Maturity
May 15, 2029
Coupon
2.375%
Pays
Semi-Annual
Dated
May 15, 2019
First coupon
Nov 15, 2019
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$84.17bn
Held stripped
$39.4m
Share stripped
0.05%

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
4.501%
Modified duration
2.532 yr
DV01
0.0242
Convexity
7.803
Dirty price
95.449

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 2.587 years against a modified duration of 2.532.

Against the fitted curve

Priced 0.9 bp rich to the curve on that day, 2.16 cents per 100 of face.

That is -0.46 standard deviations from its own typical residual.

Yield to maturity, 1,833 observations

0%1%2%3%4%5%6%May 15, 2019Sep 9, 2026May 15, 2019Yield to maturity2.375%May 28, 2019Yield to maturity2.262%Jun 7, 2019Yield to maturity2.084%Jun 19, 2019Yield to maturity2.028%Jul 1, 2019Yield to maturity2.031%Jul 12, 2019Yield to maturity2.113%Jul 24, 2019Yield to maturity2.046%Aug 5, 2019Yield to maturity1.743%Aug 15, 2019Yield to maturity1.523%Aug 27, 2019Yield to maturity1.494%Sep 9, 2019Yield to maturity1.636%Sep 19, 2019Yield to maturity1.787%Oct 1, 2019Yield to maturity1.652%Oct 11, 2019Yield to maturity1.753%Oct 24, 2019Yield to maturity1.761%Nov 5, 2019Yield to maturity1.854%Nov 18, 2019Yield to maturity1.813%Nov 29, 2019Yield to maturity1.783%Dec 11, 2019Yield to maturity1.789%Dec 23, 2019Yield to maturity1.922%Jan 6, 2020Yield to maturity1.795%Jan 16, 2020Yield to maturity1.797%Jan 29, 2020Yield to maturity1.580%Feb 10, 2020Yield to maturity1.542%Feb 21, 2020Yield to maturity1.449%Mar 4, 2020Yield to maturity1.005%Mar 16, 2020Yield to maturity0.778%Mar 26, 2020Yield to maturity0.830%Apr 7, 2020Yield to maturity0.722%Apr 20, 2020Yield to maturity0.588%Apr 30, 2020Yield to maturity0.616%May 12, 2020Yield to maturity0.644%May 22, 2020Yield to maturity0.614%Jun 4, 2020Yield to maturity0.746%Jun 16, 2020Yield to maturity0.677%Jun 26, 2020Yield to maturity0.578%Jul 9, 2020Yield to maturity0.556%Jul 21, 2020Yield to maturity0.546%Jul 31, 2020Yield to maturity0.483%Aug 12, 2020Yield to maturity0.609%Aug 24, 2020Yield to maturity0.569%Sep 3, 2020Yield to maturity0.537%Sep 16, 2020Yield to maturity0.588%Sep 28, 2020Yield to maturity0.562%Oct 8, 2020Yield to maturity0.657%Oct 21, 2020Yield to maturity0.713%Nov 2, 2020Yield to maturity0.754%Nov 13, 2020Yield to maturity0.772%Nov 25, 2020Yield to maturity0.767%Dec 8, 2020Yield to maturity0.790%Dec 18, 2020Yield to maturity0.802%Dec 31, 2020Yield to maturity0.774%Jan 13, 2021Yield to maturity0.937%Jan 26, 2021Yield to maturity0.873%Feb 5, 2021Yield to maturity0.990%Feb 18, 2021Yield to maturity1.090%Mar 2, 2021Yield to maturity1.234%Mar 12, 2021Yield to maturity1.439%Mar 24, 2021Yield to maturity1.421%Apr 5, 2021Yield to maturity1.540%Apr 15, 2021Yield to maturity1.367%Apr 27, 2021Yield to maturity1.438%May 7, 2021Yield to maturity1.383%May 19, 2021Yield to maturity1.468%Jun 1, 2021Yield to maturity1.408%Jun 11, 2021Yield to maturity1.276%Jun 23, 2021Yield to maturity1.345%Jul 6, 2021Yield to maturity1.216%Jul 16, 2021Yield to maturity1.156%Jul 28, 2021Yield to maturity1.088%Aug 9, 2021Yield to maturity1.159%Aug 19, 2021Yield to maturity1.095%Aug 31, 2021Yield to maturity1.130%Sep 13, 2021Yield to maturity1.150%Sep 23, 2021Yield to maturity1.261%Oct 5, 2021Yield to maturity1.360%Oct 18, 2021Yield to maturity1.461%Oct 28, 2021Yield to maturity1.462%Nov 9, 2021Yield to maturity1.331%Nov 22, 2021Yield to maturity1.562%Dec 3, 2021Yield to maturity1.297%Dec 15, 2021Yield to maturity1.413%Dec 28, 2021Yield to maturity1.400%Jan 7, 2022Yield to maturity1.685%Jan 20, 2022Yield to maturity1.771%Feb 1, 2022Yield to maturity1.764%Feb 11, 2022Yield to maturity1.916%Feb 24, 2022Yield to maturity1.932%Mar 8, 2022Yield to maturity1.839%Mar 18, 2022Yield to maturity2.166%Mar 30, 2022Yield to maturity2.428%Apr 11, 2022Yield to maturity2.830%Apr 22, 2022Yield to maturity2.948%May 4, 2022Yield to maturity2.970%May 16, 2022Yield to maturity2.886%May 26, 2022Yield to maturity2.762%Jun 8, 2022Yield to maturity3.070%Jun 21, 2022Yield to maturity3.399%Jul 1, 2022Yield to maturity2.916%Jul 14, 2022Yield to maturity3.053%Jul 26, 2022Yield to maturity2.889%Aug 5, 2022Yield to maturity2.928%Aug 17, 2022Yield to maturity3.014%Aug 29, 2022Yield to maturity3.268%Sep 9, 2022Yield to maturity3.469%Sep 21, 2022Yield to maturity3.706%Oct 3, 2022Yield to maturity3.876%Oct 14, 2022Yield to maturity4.243%Oct 26, 2022Yield to maturity4.191%Nov 7, 2022Yield to maturity4.377%Nov 18, 2022Yield to maturity3.974%Dec 1, 2022Yield to maturity3.663%Dec 13, 2022Yield to maturity3.640%Dec 23, 2022Yield to maturity3.868%Jan 6, 2023Yield to maturity3.677%Jan 19, 2023Yield to maturity3.474%Jan 31, 2023Yield to maturity3.624%Feb 10, 2023Yield to maturity3.903%Feb 23, 2023Yield to maturity4.085%Mar 7, 2023Yield to maturity4.247%Mar 17, 2023Yield to maturity3.519%Mar 29, 2023Yield to maturity3.702%Apr 10, 2023Yield to maturity3.523%Apr 20, 2023Yield to maturity3.648%May 2, 2023Yield to maturity3.492%May 12, 2023Yield to maturity3.492%May 24, 2023Yield to maturity3.808%Jun 6, 2023Yield to maturity3.860%Jun 16, 2023Yield to maturity3.975%Jun 29, 2023Yield to maturity4.108%Jul 12, 2023Yield to maturity4.054%Jul 24, 2023Yield to maturity4.082%Aug 3, 2023Yield to maturity4.310%Aug 15, 2023Yield to maturity4.367%Aug 25, 2023Yield to maturity4.431%Sep 7, 2023Yield to maturity4.401%Sep 19, 2023Yield to maturity4.533%Sep 29, 2023Yield to maturity4.653%Oct 12, 2023Yield to maturity4.748%Oct 24, 2023Yield to maturity4.872%Nov 3, 2023Yield to maturity4.552%Nov 15, 2023Yield to maturity4.577%Nov 28, 2023Yield to maturity4.361%Dec 8, 2023Yield to maturity4.283%Dec 20, 2023Yield to maturity3.902%Jan 3, 2024Yield to maturity3.933%Jan 16, 2024Yield to maturity3.991%Jan 26, 2024Yield to maturity4.083%Feb 7, 2024Yield to maturity4.078%Feb 20, 2024Yield to maturity4.272%Mar 1, 2024Yield to maturity4.191%Mar 13, 2024Yield to maturity4.214%Mar 25, 2024Yield to maturity4.262%Apr 4, 2024Yield to maturity4.322%Apr 16, 2024Yield to maturity4.718%Apr 26, 2024Yield to maturity4.710%May 8, 2024Yield to maturity4.527%May 20, 2024Yield to maturity4.481%May 31, 2024Yield to maturity4.540%Jun 12, 2024Yield to maturity4.340%Jun 25, 2024Yield to maturity4.293%Jul 8, 2024Yield to maturity4.261%Jul 18, 2024Yield to maturity4.142%Jul 30, 2024Yield to maturity4.062%Aug 9, 2024Yield to maturity3.831%Aug 21, 2024Yield to maturity3.673%Sep 3, 2024Yield to maturity3.690%Sep 13, 2024Yield to maturity3.457%Sep 25, 2024Yield to maturity3.546%Oct 7, 2024Yield to maturity3.893%Oct 18, 2024Yield to maturity3.889%Oct 30, 2024Yield to maturity4.151%Nov 12, 2024Yield to maturity4.325%Nov 22, 2024Yield to maturity4.314%Dec 5, 2024Yield to maturity4.091%Dec 17, 2024Yield to maturity4.258%Dec 30, 2024Yield to maturity4.356%Jan 10, 2025Yield to maturity4.565%Jan 23, 2025Yield to maturity4.435%Feb 4, 2025Yield to maturity4.306%Feb 14, 2025Yield to maturity4.330%Feb 27, 2025Yield to maturity4.095%Mar 11, 2025Yield to maturity4.015%Mar 21, 2025Yield to maturity3.984%Apr 2, 2025Yield to maturity3.934%Apr 14, 2025Yield to maturity3.973%Apr 24, 2025Yield to maturity3.879%May 6, 2025Yield to maturity3.847%May 16, 2025Yield to maturity4.027%May 29, 2025Yield to maturity3.967%Jun 10, 2025Yield to maturity4.042%Jun 23, 2025Yield to maturity3.858%Jul 3, 2025Yield to maturity3.889%Jul 16, 2025Yield to maturity3.917%Jul 28, 2025Yield to maturity3.912%Aug 7, 2025Yield to maturity3.728%Aug 19, 2025Yield to maturity3.758%Aug 29, 2025Yield to maturity3.621%Sep 11, 2025Yield to maturity3.536%Sep 23, 2025Yield to maturity3.612%Oct 3, 2025Yield to maturity3.642%Oct 16, 2025Yield to maturity3.470%Oct 28, 2025Yield to maturity3.538%Nov 7, 2025Yield to maturity3.597%Nov 20, 2025Yield to maturity3.587%Dec 3, 2025Yield to maturity3.540%Dec 15, 2025Yield to maturity3.611%Dec 26, 2025Yield to maturity3.583%Jan 8, 2026Yield to maturity3.603%Jan 21, 2026Yield to maturity3.699%Feb 2, 2026Yield to maturity3.680%Feb 12, 2026Yield to maturity3.544%Feb 25, 2026Yield to maturity3.504%Mar 9, 2026Yield to maturity3.600%Mar 19, 2026Yield to maturity3.817%Mar 31, 2026Yield to maturity3.821%Apr 10, 2026Yield to maturity3.836%Apr 22, 2026Yield to maturity3.815%May 4, 2026Yield to maturity3.990%May 14, 2026Yield to maturity4.039%May 27, 2026Yield to maturity4.092%Jun 8, 2026Yield to maturity4.205%Jun 18, 2026Yield to maturity4.191%Jul 1, 2026Yield to maturity4.195%Jul 14, 2026Yield to maturity4.229%Jul 24, 2026Yield to maturity4.361%Aug 5, 2026Yield to maturity4.243%Aug 17, 2026Yield to maturity4.252%Aug 27, 2026Yield to maturity4.283%Sep 9, 2026Yield to maturity4.501%

Price history

1,833 trading days to Sep 9, 2026

859095100105110115120May 15, 2019Sep 9, 2026May 15, 2019Close100.000May 28, 2019Close101.000Jun 7, 2019Close102.594Jun 19, 2019Close103.094Jul 1, 2019Close103.063Jul 12, 2019Close102.313Jul 24, 2019Close102.906Aug 5, 2019Close105.656Aug 15, 2019Close107.688Aug 27, 2019Close107.938Sep 9, 2019Close106.594Sep 19, 2019Close105.188Oct 1, 2019Close106.406Oct 11, 2019Close105.469Oct 24, 2019Close105.375Nov 5, 2019Close104.531Nov 18, 2019Close104.875Nov 29, 2019Close105.125Dec 11, 2019Close105.063Dec 23, 2019Close103.875Jan 6, 2020Close104.969Jan 16, 2020Close104.938Jan 29, 2020Close106.844Feb 10, 2020Close107.156Feb 21, 2020Close107.969Mar 4, 2020Close112.000Mar 16, 2020Close114.094Mar 26, 2020Close113.563Apr 7, 2020Close114.531Apr 20, 2020Close115.750Apr 30, 2020Close115.438May 12, 2020Close115.125May 22, 2020Close115.344Jun 4, 2020Close114.063Jun 16, 2020Close114.656Jun 26, 2020Close115.531Jul 9, 2020Close115.688Jul 21, 2020Close115.719Jul 31, 2020Close116.250Aug 12, 2020Close115.031Aug 24, 2020Close115.344Sep 3, 2020Close115.594Sep 16, 2020Close115.063Sep 28, 2020Close115.250Oct 8, 2020Close114.344Oct 21, 2020Close113.781Nov 2, 2020Close113.375Nov 13, 2020Close113.156Nov 25, 2020Close113.156Dec 8, 2020Close112.906Dec 18, 2020Close112.750Dec 31, 2020Close112.938Jan 13, 2021Close111.500Jan 26, 2021Close112.000Feb 5, 2021Close110.969Feb 18, 2021Close110.094Mar 2, 2021Close108.875Mar 12, 2021Close107.188Mar 24, 2021Close107.313Apr 5, 2021Close106.344Apr 15, 2021Close107.688Apr 27, 2021Close107.094May 7, 2021Close107.500May 19, 2021Close106.813Jun 1, 2021Close107.250Jun 11, 2021Close108.250Jun 23, 2021Close107.688Jul 6, 2021Close108.656Jul 16, 2021Close109.094Jul 28, 2021Close109.594Aug 9, 2021Close109.000Aug 19, 2021Close109.469Aug 31, 2021Close109.156Sep 13, 2021Close108.969Sep 23, 2021Close108.094Oct 5, 2021Close107.313Oct 18, 2021Close106.531Oct 28, 2021Close106.500Nov 9, 2021Close107.438Nov 22, 2021Close105.719Dec 3, 2021Close107.625Dec 15, 2021Close106.750Dec 28, 2021Close106.813Jan 7, 2022Close104.750Jan 20, 2022Close104.125Feb 1, 2022Close104.156Feb 11, 2022Close103.094Feb 24, 2022Close102.969Mar 8, 2022Close103.594Mar 18, 2022Close101.375Mar 30, 2022Close99.656Apr 11, 2022Close97.094Apr 22, 2022Close96.375May 4, 2022Close96.250May 16, 2022Close96.781May 26, 2022Close97.563Jun 8, 2022Close95.688Jun 21, 2022Close93.750Jul 1, 2022Close96.656Jul 14, 2022Close95.844Jul 26, 2022Close96.844Aug 5, 2022Close96.625Aug 17, 2022Close96.125Aug 29, 2022Close94.656Sep 9, 2022Close93.531Sep 21, 2022Close92.219Oct 3, 2022Close91.313Oct 14, 2022Close89.375Oct 26, 2022Close89.688Nov 7, 2022Close88.750Nov 18, 2022Close90.938Dec 1, 2022Close92.656Dec 13, 2022Close92.813Dec 23, 2022Close91.625Jan 6, 2023Close92.688Jan 19, 2023Close93.813Jan 31, 2023Close93.031Feb 10, 2023Close91.594Feb 23, 2023Close90.688Mar 7, 2023Close89.906Mar 17, 2023Close93.719Mar 29, 2023Close92.781Apr 10, 2023Close93.750Apr 20, 2023Close93.125May 2, 2023Close93.969May 12, 2023Close94.000May 24, 2023Close92.406Jun 6, 2023Close92.188Jun 16, 2023Close91.656Jun 29, 2023Close91.031Jul 12, 2023Close91.344Jul 24, 2023Close91.250Aug 3, 2023Close90.188Aug 15, 2023Close89.969Aug 25, 2023Close89.719Sep 7, 2023Close89.906Sep 19, 2023Close89.344Sep 29, 2023Close88.844Oct 12, 2023Close88.469Oct 24, 2023Close87.969Nov 3, 2023Close89.469Nov 15, 2023Close89.406Nov 28, 2023Close90.438Dec 8, 2023Close90.844Dec 20, 2023Close92.625Jan 3, 2024Close92.531Jan 16, 2024Close92.313Jan 26, 2024Close91.938Feb 7, 2024Close92.000Feb 20, 2024Close91.188Mar 1, 2024Close91.594Mar 13, 2024Close91.531Mar 25, 2024Close91.375Apr 4, 2024Close91.156Apr 16, 2024Close89.531Apr 26, 2024Close89.625May 8, 2024Close90.438May 20, 2024Close90.688May 31, 2024Close90.500Jun 12, 2024Close91.375Jun 25, 2024Close91.625Jul 8, 2024Close91.813Jul 18, 2024Close92.344Jul 30, 2024Close92.719Aug 9, 2024Close93.719Aug 21, 2024Close94.406Sep 3, 2024Close94.375Sep 13, 2024Close95.375Sep 25, 2024Close95.031Oct 7, 2024Close93.656Oct 18, 2024Close93.719Oct 30, 2024Close92.719Nov 12, 2024Close92.094Nov 22, 2024Close92.188Dec 5, 2024Close93.094Dec 17, 2024Close92.500Dec 30, 2024Close92.188Jan 10, 2025Close91.469Jan 23, 2025Close92.000Feb 4, 2025Close92.531Feb 14, 2025Close92.500Feb 27, 2025Close93.406Mar 11, 2025Close93.750Mar 21, 2025Close93.906Apr 2, 2025Close94.125Apr 14, 2025Close94.031Apr 24, 2025Close94.406May 6, 2025Close94.563May 16, 2025Close93.969May 29, 2025Close94.219Jun 10, 2025Close94.000Jun 23, 2025Close94.688Jul 3, 2025Close94.625Jul 16, 2025Close94.563Jul 28, 2025Close94.625Aug 7, 2025Close95.281Aug 19, 2025Close95.219Aug 29, 2025Close95.719Sep 11, 2025Close96.031Sep 23, 2025Close95.813Oct 3, 2025Close95.750Oct 16, 2025Close96.344Oct 28, 2025Close96.156Nov 7, 2025Close96.000Nov 20, 2025Close96.063Dec 3, 2025Close96.250Dec 15, 2025Close96.063Dec 26, 2025Close96.188Jan 8, 2026Close96.156Jan 21, 2026Close95.906Feb 2, 2026Close96.000Feb 12, 2026Close96.438Feb 25, 2026Close96.594Mar 9, 2026Close96.344Mar 19, 2026Close95.750Mar 31, 2026Close95.781Apr 10, 2026Close95.781Apr 22, 2026Close95.875May 4, 2026Close95.438May 14, 2026Close95.344May 27, 2026Close95.250Jun 8, 2026Close95.000Jun 18, 2026Close95.094Jul 1, 2026Close95.125Jul 14, 2026Close95.094Jul 24, 2026Close94.813Aug 5, 2026Close95.156Aug 17, 2026Close95.188Aug 27, 2026Close95.156Sep 9, 2026Close94.688
The most recent 20 trading days of prices for 9128286T2.
DateBidOfferClose
Sep 9, 202694.71994.68894.688
Sep 8, 202694.82894.81394.781
Sep 4, 202694.85994.84494.813
Sep 3, 202694.95394.93894.906
Sep 2, 202694.81394.78194.813
Sep 1, 202694.85994.84494.781
Aug 31, 202694.92294.90694.906
Aug 28, 202694.96994.93894.875
Aug 27, 202695.20395.18895.156
Aug 26, 202695.20395.18895.156
Aug 25, 202695.23495.21995.219
Aug 24, 202695.17295.15695.094
Aug 21, 202695.10995.09495.094
Aug 20, 202695.20395.18895.188
Aug 19, 202695.20395.18895.219
Aug 18, 202695.23495.21995.188
Aug 17, 202695.25095.21995.188
Aug 14, 202695.29795.28195.219
Aug 13, 202695.29795.28195.281
Aug 12, 202695.18895.15695.125

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.

4 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 9128286T2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 8, 2019May 15, 2019New issue$27.0bn$36.2bn2.17x2.479%
Jun 12, 2019Jun 17, 2019Reopening$24.0bn$24.0bn2.49x2.130%
Jun 21, 2019Jun 26, 2019Reopening$0.0bn$0.0bn3.43x2.065%
Jul 10, 2019Jul 15, 2019Reopening$24.0bn$24.2bn2.41x2.064%

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.