Treasury note

912828YG9 · 1.625% due September 30, 2026

Original term
7-Year
Maturity
Sep 30, 2026
Coupon
1.625%
Pays
Semi-Annual
Dated
Sep 30, 2019
First coupon
Mar 31, 2020
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$35.32bn
Held stripped
$32.0m
Share stripped
0.09%

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
withheld
Modified duration
0.055 yr
DV01
0.0005
Convexity
0.006
Dirty price
100.599

Yield and duration are withheld this close to maturity, not missing. Inside a month a Treasury trades on settlement mechanics rather than on yield, and its price is a rounding of par, annualizing a two-day stub produces a number in the tens of percent that would be arithmetically correct and completely misleading. The price, the residual and the key rate durations below are unaffected.

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 0.33 cents per 100 of face cheap to the curve on that day.

Shown as a price rather than a yield. This security was close enough to maturity that annualizing is meaningless, the same reason it carries no yield to maturity above, and the same difference quoted in basis points would read as an enormous mispricing rather than the few cents it is.

Yield to maturity, 1,738 observations

0%1%2%3%4%5%6%Sep 30, 2019Sep 9, 2026Sep 30, 2019Yield to maturity1.620%Oct 10, 2019Yield to maturity1.573%Oct 23, 2019Yield to maturity1.673%Nov 4, 2019Yield to maturity1.692%Nov 15, 2019Yield to maturity1.751%Nov 27, 2019Yield to maturity1.722%Dec 10, 2019Yield to maturity1.782%Dec 20, 2019Yield to maturity1.842%Jan 3, 2020Yield to maturity1.704%Jan 15, 2020Yield to maturity1.699%Jan 28, 2020Yield to maturity1.551%Feb 7, 2020Yield to maturity1.496%Feb 20, 2020Yield to maturity1.441%Mar 3, 2020Yield to maturity0.899%Mar 13, 2020Yield to maturity0.924%Mar 25, 2020Yield to maturity0.748%Apr 6, 2020Yield to maturity0.568%Apr 17, 2020Yield to maturity0.500%Apr 29, 2020Yield to maturity0.491%May 11, 2020Yield to maturity0.519%May 21, 2020Yield to maturity0.486%Jun 3, 2020Yield to maturity0.538%Jun 15, 2020Yield to maturity0.479%Jun 25, 2020Yield to maturity0.464%Jul 8, 2020Yield to maturity0.424%Jul 20, 2020Yield to maturity0.403%Jul 30, 2020Yield to maturity0.339%Aug 11, 2020Yield to maturity0.391%Aug 21, 2020Yield to maturity0.380%Sep 2, 2020Yield to maturity0.370%Sep 15, 2020Yield to maturity0.373%Sep 25, 2020Yield to maturity0.361%Oct 7, 2020Yield to maturity0.463%Oct 20, 2020Yield to maturity0.456%Oct 30, 2020Yield to maturity0.507%Nov 12, 2020Yield to maturity0.507%Nov 24, 2020Yield to maturity0.506%Dec 7, 2020Yield to maturity0.505%Dec 17, 2020Yield to maturity0.484%Dec 30, 2020Yield to maturity0.466%Jan 12, 2021Yield to maturity0.616%Jan 25, 2021Yield to maturity0.523%Feb 4, 2021Yield to maturity0.572%Feb 17, 2021Yield to maturity0.687%Mar 1, 2021Yield to maturity0.844%Mar 11, 2021Yield to maturity0.913%Mar 23, 2021Yield to maturity0.961%Apr 2, 2021Yield to maturity1.095%Apr 14, 2021Yield to maturity0.983%Apr 26, 2021Yield to maturity0.944%May 6, 2021Yield to maturity0.900%May 18, 2021Yield to maturity0.919%May 28, 2021Yield to maturity0.867%Jun 10, 2021Yield to maturity0.793%Jun 22, 2021Yield to maturity0.919%Jul 2, 2021Yield to maturity0.896%Jul 15, 2021Yield to maturity0.808%Jul 27, 2021Yield to maturity0.731%Aug 6, 2021Yield to maturity0.786%Aug 18, 2021Yield to maturity0.800%Aug 30, 2021Yield to maturity0.783%Sep 10, 2021Yield to maturity0.827%Sep 22, 2021Yield to maturity0.860%Oct 4, 2021Yield to maturity0.943%Oct 15, 2021Yield to maturity1.124%Oct 27, 2021Yield to maturity1.134%Nov 8, 2021Yield to maturity1.105%Nov 19, 2021Yield to maturity1.193%Dec 2, 2021Yield to maturity1.184%Dec 14, 2021Yield to maturity1.234%Dec 27, 2021Yield to maturity1.258%Jan 6, 2022Yield to maturity1.453%Jan 19, 2022Yield to maturity1.604%Jan 31, 2022Yield to maturity1.604%Feb 10, 2022Yield to maturity1.965%Feb 23, 2022Yield to maturity1.903%Mar 7, 2022Yield to maturity1.732%Mar 17, 2022Yield to maturity2.200%Mar 29, 2022Yield to maturity2.549%Apr 8, 2022Yield to maturity2.808%Apr 21, 2022Yield to maturity2.979%May 3, 2022Yield to maturity3.036%May 13, 2022Yield to maturity2.912%May 25, 2022Yield to maturity2.737%Jun 7, 2022Yield to maturity3.018%Jun 17, 2022Yield to maturity3.397%Jun 30, 2022Yield to maturity3.030%Jul 13, 2022Yield to maturity3.074%Jul 25, 2022Yield to maturity2.928%Aug 4, 2022Yield to maturity2.837%Aug 16, 2022Yield to maturity3.047%Aug 26, 2022Yield to maturity3.305%Sep 8, 2022Yield to maturity3.464%Sep 20, 2022Yield to maturity3.840%Sep 30, 2022Yield to maturity4.164%Oct 13, 2022Yield to maturity4.357%Oct 25, 2022Yield to maturity4.361%Nov 4, 2022Yield to maturity4.449%Nov 17, 2022Yield to maturity4.067%Nov 30, 2022Yield to maturity3.986%Dec 12, 2022Yield to maturity3.959%Dec 22, 2022Yield to maturity3.910%Jan 5, 2023Yield to maturity4.047%Jan 18, 2023Yield to maturity3.573%Jan 30, 2023Yield to maturity3.839%Feb 9, 2023Yield to maturity4.051%Feb 22, 2023Yield to maturity4.323%Mar 6, 2023Yield to maturity4.490%Mar 16, 2023Yield to maturity3.935%Mar 28, 2023Yield to maturity3.816%Apr 7, 2023Yield to maturity3.674%Apr 19, 2023Yield to maturity3.904%May 1, 2023Yield to maturity3.802%May 11, 2023Yield to maturity3.530%May 23, 2023Yield to maturity3.944%Jun 5, 2023Yield to maturity4.054%Jun 15, 2023Yield to maturity4.181%Jun 28, 2023Yield to maturity4.284%Jul 11, 2023Yield to maturity4.512%Jul 21, 2023Yield to maturity4.407%Aug 2, 2023Yield to maturity4.510%Aug 14, 2023Yield to maturity4.619%Aug 24, 2023Yield to maturity4.646%Sep 6, 2023Yield to maturity4.692%Sep 18, 2023Yield to maturity4.725%Sep 28, 2023Yield to maturity4.812%Oct 11, 2023Yield to maturity4.741%Oct 23, 2023Yield to maturity4.872%Nov 2, 2023Yield to maturity4.767%Nov 14, 2023Yield to maturity4.567%Nov 27, 2023Yield to maturity4.603%Dec 7, 2023Yield to maturity4.319%Dec 19, 2023Yield to maturity4.187%Jan 2, 2024Yield to maturity4.133%Jan 12, 2024Yield to maturity3.961%Jan 25, 2024Yield to maturity4.152%Feb 6, 2024Yield to maturity4.222%Feb 16, 2024Yield to maturity4.484%Feb 29, 2024Yield to maturity4.487%Mar 12, 2024Yield to maturity4.414%Mar 22, 2024Yield to maturity4.436%Apr 3, 2024Yield to maturity4.565%Apr 15, 2024Yield to maturity4.860%Apr 25, 2024Yield to maturity4.925%May 7, 2024Yield to maturity4.735%May 17, 2024Yield to maturity4.718%May 30, 2024Yield to maturity4.847%Jun 11, 2024Yield to maturity4.726%Jun 24, 2024Yield to maturity4.636%Jul 5, 2024Yield to maturity4.544%Jul 17, 2024Yield to maturity4.361%Jul 29, 2024Yield to maturity4.354%Aug 8, 2024Yield to maturity4.022%Aug 20, 2024Yield to maturity3.963%Aug 30, 2024Yield to maturity3.921%Sep 12, 2024Yield to maturity3.639%Sep 24, 2024Yield to maturity3.522%Oct 4, 2024Yield to maturity3.926%Oct 17, 2024Yield to maturity3.961%Oct 29, 2024Yield to maturity4.123%Nov 8, 2024Yield to maturity4.260%Nov 21, 2024Yield to maturity4.353%Dec 4, 2024Yield to maturity4.165%Dec 16, 2024Yield to maturity4.249%Dec 27, 2024Yield to maturity4.321%Jan 9, 2025Yield to maturity4.270%Jan 22, 2025Yield to maturity4.286%Feb 3, 2025Yield to maturity4.257%Feb 13, 2025Yield to maturity4.302%Feb 26, 2025Yield to maturity4.087%Mar 10, 2025Yield to maturity3.946%Mar 20, 2025Yield to maturity4.010%Apr 1, 2025Yield to maturity3.929%Apr 11, 2025Yield to maturity4.048%Apr 23, 2025Yield to maturity3.955%May 5, 2025Yield to maturity3.938%May 15, 2025Yield to maturity4.055%May 28, 2025Yield to maturity4.119%Jun 9, 2025Yield to maturity4.105%Jun 20, 2025Yield to maturity4.044%Jul 2, 2025Yield to maturity3.964%Jul 15, 2025Yield to maturity4.087%Jul 25, 2025Yield to maturity4.072%Aug 6, 2025Yield to maturity3.901%Aug 18, 2025Yield to maturity3.938%Aug 28, 2025Yield to maturity3.875%Sep 10, 2025Yield to maturity3.734%Sep 22, 2025Yield to maturity3.706%Oct 2, 2025Yield to maturity3.664%Oct 15, 2025Yield to maturity3.638%Oct 27, 2025Yield to maturity3.638%Nov 6, 2025Yield to maturity3.700%Nov 19, 2025Yield to maturity3.710%Dec 2, 2025Yield to maturity3.682%Dec 12, 2025Yield to maturity3.603%Dec 24, 2025Yield to maturity3.596%Jan 7, 2026Yield to maturity3.560%Jan 20, 2026Yield to maturity3.613%Jan 30, 2026Yield to maturity3.615%Feb 11, 2026Yield to maturity3.599%Feb 24, 2026Yield to maturity3.664%Mar 6, 2026Yield to maturity3.670%Mar 18, 2026Yield to maturity3.716%Mar 30, 2026Yield to maturity3.790%Apr 9, 2026Yield to maturity3.777%Apr 21, 2026Yield to maturity3.715%May 1, 2026Yield to maturity3.723%May 13, 2026Yield to maturity3.704%May 26, 2026Yield to maturity3.730%Jun 5, 2026Yield to maturity3.745%Jun 17, 2026Yield to maturity3.835%Jun 30, 2026Yield to maturity3.893%Jul 13, 2026Yield to maturity3.825%Jul 23, 2026Yield to maturity3.808%Aug 4, 2026Yield to maturity3.863%Aug 14, 2026Yield to maturity3.691%Aug 26, 2026Yield to maturity3.962%

Price history

1,738 trading days to Sep 9, 2026

859095100105110Sep 30, 2019Sep 9, 2026Sep 30, 2019Close100.031Oct 10, 2019Close100.344Oct 23, 2019Close99.688Nov 4, 2019Close99.563Nov 15, 2019Close99.188Nov 27, 2019Close99.375Dec 10, 2019Close99.000Dec 20, 2019Close98.625Jan 3, 2020Close99.500Jan 15, 2020Close99.531Jan 28, 2020Close100.469Feb 7, 2020Close100.813Feb 20, 2020Close101.156Mar 3, 2020Close104.625Mar 13, 2020Close104.438Mar 25, 2020Close105.563Apr 6, 2020Close106.719Apr 17, 2020Close107.125Apr 29, 2020Close107.156May 11, 2020Close106.938May 21, 2020Close107.125Jun 3, 2020Close106.750Jun 15, 2020Close107.094Jun 25, 2020Close107.156Jul 8, 2020Close107.375Jul 20, 2020Close107.469Jul 30, 2020Close107.844Aug 11, 2020Close107.469Aug 21, 2020Close107.500Sep 2, 2020Close107.531Sep 15, 2020Close107.469Sep 25, 2020Close107.500Oct 7, 2020Close106.844Oct 20, 2020Close106.844Oct 30, 2020Close106.500Nov 12, 2020Close106.469Nov 24, 2020Close106.438Dec 7, 2020Close106.406Dec 17, 2020Close106.500Dec 30, 2020Close106.563Jan 12, 2021Close105.656Jan 25, 2021Close106.156Feb 4, 2021Close105.844Feb 17, 2021Close105.156Mar 1, 2021Close104.250Mar 11, 2021Close103.844Mar 23, 2021Close103.563Apr 2, 2021Close102.813Apr 14, 2021Close103.406Apr 26, 2021Close103.594May 6, 2021Close103.813May 18, 2021Close103.688May 28, 2021Close103.938Jun 10, 2021Close104.313Jun 22, 2021Close103.625Jul 2, 2021Close103.719Jul 15, 2021Close104.156Jul 27, 2021Close104.531Aug 6, 2021Close104.219Aug 18, 2021Close104.125Aug 30, 2021Close104.188Sep 10, 2021Close103.938Sep 22, 2021Close103.750Oct 4, 2021Close103.313Oct 15, 2021Close102.406Oct 27, 2021Close102.344Nov 8, 2021Close102.469Nov 19, 2021Close102.031Dec 2, 2021Close102.063Dec 14, 2021Close101.813Dec 27, 2021Close101.688Jan 6, 2022Close100.781Jan 19, 2022Close100.094Jan 31, 2022Close100.094Feb 10, 2022Close98.500Feb 23, 2022Close98.781Mar 7, 2022Close99.531Mar 17, 2022Close97.531Mar 29, 2022Close96.094Apr 8, 2022Close95.063Apr 21, 2022Close94.406May 3, 2022Close94.219May 13, 2022Close94.750May 25, 2022Close95.469Jun 7, 2022Close94.406Jun 17, 2022Close93.000Jun 30, 2022Close94.438Jul 13, 2022Close94.313Jul 25, 2022Close94.906Aug 4, 2022Close95.281Aug 16, 2022Close94.531Aug 26, 2022Close93.625Sep 8, 2022Close93.094Sep 20, 2022Close91.813Sep 30, 2022Close90.750Oct 13, 2022Close90.156Oct 25, 2022Close90.219Nov 4, 2022Close90.000Nov 17, 2022Close91.344Nov 30, 2022Close91.688Dec 12, 2022Close91.844Dec 22, 2022Close92.063Jan 5, 2023Close91.688Jan 18, 2023Close93.313Jan 30, 2023Close92.500Feb 9, 2023Close91.875Feb 22, 2023Close91.094Mar 6, 2023Close90.656Mar 16, 2023Close92.438Mar 28, 2023Close92.875Apr 7, 2023Close93.375Apr 19, 2023Close92.719May 1, 2023Close93.094May 11, 2023Close93.969May 23, 2023Close92.781Jun 5, 2023Close92.531Jun 15, 2023Close92.219Jun 28, 2023Close92.000Jul 11, 2023Close91.438Jul 21, 2023Close91.813Aug 2, 2023Close91.594Aug 14, 2023Close91.375Aug 24, 2023Close91.375Sep 6, 2023Close91.344Sep 18, 2023Close91.344Sep 28, 2023Close91.188Oct 11, 2023Close91.469Oct 23, 2023Close91.219Nov 2, 2023Close91.563Nov 14, 2023Close92.156Nov 27, 2023Close92.156Dec 7, 2023Close92.938Dec 19, 2023Close93.344Jan 2, 2024Close93.563Jan 12, 2024Close94.063Jan 25, 2024Close93.656Feb 6, 2024Close93.563Feb 16, 2024Close93.031Feb 29, 2024Close93.094Mar 12, 2024Close93.344Mar 22, 2024Close93.375Apr 3, 2024Close93.156Apr 15, 2024Close92.594Apr 25, 2024Close92.531May 7, 2024Close93.031May 17, 2024Close93.156May 30, 2024Close92.969Jun 11, 2024Close93.313Jun 24, 2024Close93.594Jul 5, 2024Close93.875Jul 17, 2024Close94.313Jul 29, 2024Close94.406Aug 8, 2024Close95.125Aug 20, 2024Close95.313Aug 30, 2024Close95.469Sep 12, 2024Close96.063Sep 24, 2024Close96.344Oct 4, 2024Close95.656Oct 17, 2024Close95.656Oct 29, 2024Close95.438Nov 8, 2024Close95.281Nov 21, 2024Close95.188Dec 4, 2024Close95.594Dec 16, 2024Close95.531Dec 27, 2024Close95.500Jan 9, 2025Close95.656Jan 22, 2025Close95.719Feb 3, 2025Close95.844Feb 13, 2025Close95.844Feb 26, 2025Close96.250Mar 10, 2025Close96.531Mar 20, 2025Close96.500Apr 1, 2025Close96.688Apr 11, 2025Close96.594Apr 23, 2025Close96.781May 5, 2025Close96.875May 15, 2025Close96.781May 28, 2025Close96.781Jun 9, 2025Close96.875Jun 20, 2025Close97.031Jul 2, 2025Close97.188Jul 15, 2025Close97.125Jul 25, 2025Close97.219Aug 6, 2025Close97.469Aug 18, 2025Close97.500Aug 28, 2025Close97.625Sep 10, 2025Close97.844Sep 22, 2025Close97.938Oct 2, 2025Close98.031Oct 15, 2025Close98.125Oct 27, 2025Close98.188Nov 6, 2025Close98.188Nov 19, 2025Close98.250Dec 2, 2025Close98.344Dec 12, 2025Close98.469Dec 24, 2025Close98.531Jan 7, 2026Close98.625Jan 20, 2026Close98.656Jan 30, 2026Close98.719Feb 11, 2026Close98.781Feb 24, 2026Close98.813Mar 6, 2026Close98.875Mar 18, 2026Close98.906Mar 30, 2026Close98.938Apr 9, 2026Close99.000Apr 21, 2026Close99.094May 1, 2026Close99.156May 13, 2026Close99.219May 26, 2026Close99.281Jun 5, 2026Close99.344Jun 17, 2026Close99.375Jun 30, 2026Close99.438Jul 13, 2026Close99.531Jul 23, 2026Close99.594Aug 4, 2026Close99.656Aug 14, 2026Close99.750Aug 26, 2026Close99.781Sep 8, 2026Close99.875Sep 9, 2026Close99.875
The most recent 20 trading days of prices for 912828YG9.
DateBidOfferClose
Sep 9, 2026–99.87599.875
Sep 8, 2026–99.87599.875
Sep 4, 2026–99.87599.875
Sep 3, 2026–99.84499.844
Sep 2, 2026–99.84499.844
Sep 1, 2026–99.81399.813
Aug 31, 2026–99.81399.813
Aug 28, 2026–99.81399.813
Aug 27, 2026–99.81399.813
Aug 26, 2026–99.78199.781
Aug 25, 2026–99.78199.781
Aug 24, 2026–99.78199.781
Aug 21, 2026–99.78199.781
Aug 20, 2026–99.75099.750
Aug 19, 2026–99.75099.750
Aug 18, 2026–99.75099.750
Aug 17, 2026–99.75099.750
Aug 14, 2026–99.75099.750
Aug 13, 2026–99.71999.719
Aug 12, 2026–99.71999.719

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.

Auction

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 912828YG9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 26, 2019Sep 30, 2019New issue$32.0bn$35.3bn2.49x1.633%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.