Treasury note

912828YS3 · 1.75% due November 15, 2029

Original term
10-Year
Maturity
Nov 15, 2029
Coupon
1.750%
Pays
Semi-Annual
Dated
Nov 15, 2019
First coupon
May 15, 2020
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$88.55bn
Held stripped
$49.8m
Share stripped
0.06%

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
4.522%
Modified duration
3.016 yr
DV01
0.0279
Convexity
10.762
Dirty price
92.436

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 6 of twelve buckets, summing to 3.085 years against a modified duration of 3.016.

Against the fitted curve

Priced 3.1 bp rich to the curve on that day, 8.61 cents per 100 of face.

That is -0.87 standard deviations from its own typical residual.

Yield to maturity, 1,706 observations

0%1%2%3%4%5%Nov 15, 2019Sep 9, 2026Nov 15, 2019Yield to maturity1.836%Nov 27, 2019Yield to maturity1.771%Dec 10, 2019Yield to maturity1.840%Dec 20, 2019Yield to maturity1.917%Jan 3, 2020Yield to maturity1.792%Jan 15, 2020Yield to maturity1.781%Jan 28, 2020Yield to maturity1.646%Feb 7, 2020Yield to maturity1.583%Feb 20, 2020Yield to maturity1.525%Mar 3, 2020Yield to maturity1.024%Mar 13, 2020Yield to maturity0.956%Mar 25, 2020Yield to maturity0.882%Apr 6, 2020Yield to maturity0.663%Apr 17, 2020Yield to maturity0.634%Apr 29, 2020Yield to maturity0.612%May 11, 2020Yield to maturity0.702%May 21, 2020Yield to maturity0.650%Jun 3, 2020Yield to maturity0.728%Jun 15, 2020Yield to maturity0.666%Jun 25, 2020Yield to maturity0.630%Jul 8, 2020Yield to maturity0.610%Jul 20, 2020Yield to maturity0.574%Jul 30, 2020Yield to maturity0.499%Aug 11, 2020Yield to maturity0.587%Aug 21, 2020Yield to maturity0.576%Sep 2, 2020Yield to maturity0.593%Sep 15, 2020Yield to maturity0.605%Sep 25, 2020Yield to maturity0.585%Oct 7, 2020Yield to maturity0.716%Oct 20, 2020Yield to maturity0.723%Oct 30, 2020Yield to maturity0.798%Nov 12, 2020Yield to maturity0.785%Nov 24, 2020Yield to maturity0.795%Dec 7, 2020Yield to maturity0.837%Dec 17, 2020Yield to maturity0.828%Dec 30, 2020Yield to maturity0.814%Jan 12, 2021Yield to maturity1.020%Jan 25, 2021Yield to maturity0.920%Feb 4, 2021Yield to maturity1.015%Feb 17, 2021Yield to maturity1.147%Mar 1, 2021Yield to maturity1.319%Mar 11, 2021Yield to maturity1.389%Mar 23, 2021Yield to maturity1.491%Apr 2, 2021Yield to maturity1.586%Apr 14, 2021Yield to maturity1.493%Apr 26, 2021Yield to maturity1.434%May 6, 2021Yield to maturity1.430%May 18, 2021Yield to maturity1.479%May 28, 2021Yield to maturity1.427%Jun 10, 2021Yield to maturity1.302%Jun 22, 2021Yield to maturity1.355%Jul 2, 2021Yield to maturity1.314%Jul 15, 2021Yield to maturity1.177%Jul 27, 2021Yield to maturity1.114%Aug 6, 2021Yield to maturity1.173%Aug 18, 2021Yield to maturity1.140%Aug 30, 2021Yield to maturity1.150%Sep 10, 2021Yield to maturity1.206%Sep 22, 2021Yield to maturity1.189%Oct 4, 2021Yield to maturity1.350%Oct 15, 2021Yield to maturity1.458%Oct 27, 2021Yield to maturity1.432%Nov 8, 2021Yield to maturity1.390%Nov 19, 2021Yield to maturity1.450%Dec 2, 2021Yield to maturity1.367%Dec 14, 2021Yield to maturity1.374%Dec 27, 2021Yield to maturity1.389%Jan 6, 2022Yield to maturity1.639%Jan 19, 2022Yield to maturity1.771%Jan 31, 2022Yield to maturity1.737%Feb 10, 2022Yield to maturity2.008%Feb 23, 2022Yield to maturity1.951%Mar 7, 2022Yield to maturity1.732%Mar 17, 2022Yield to maturity2.186%Mar 29, 2022Yield to maturity2.441%Apr 8, 2022Yield to maturity2.745%Apr 21, 2022Yield to maturity2.923%May 3, 2022Yield to maturity2.996%May 13, 2022Yield to maturity2.923%May 25, 2022Yield to maturity2.717%Jun 7, 2022Yield to maturity2.976%Jun 17, 2022Yield to maturity3.278%Jun 30, 2022Yield to maturity2.981%Jul 13, 2022Yield to maturity2.936%Jul 25, 2022Yield to maturity2.817%Aug 4, 2022Yield to maturity2.657%Aug 16, 2022Yield to maturity2.800%Aug 26, 2022Yield to maturity3.057%Sep 8, 2022Yield to maturity3.306%Sep 20, 2022Yield to maturity3.604%Sep 30, 2022Yield to maturity3.900%Oct 13, 2022Yield to maturity4.036%Oct 25, 2022Yield to maturity4.091%Nov 4, 2022Yield to maturity4.174%Nov 17, 2022Yield to maturity3.770%Nov 30, 2022Yield to maturity3.647%Dec 12, 2022Yield to maturity3.628%Dec 22, 2022Yield to maturity3.674%Jan 5, 2023Yield to maturity3.734%Jan 18, 2023Yield to maturity3.318%Jan 30, 2023Yield to maturity3.546%Feb 9, 2023Yield to maturity3.716%Feb 22, 2023Yield to maturity3.983%Mar 6, 2023Yield to maturity4.075%Mar 16, 2023Yield to maturity3.583%Mar 28, 2023Yield to maturity3.552%Apr 7, 2023Yield to maturity3.385%Apr 19, 2023Yield to maturity3.596%May 1, 2023Yield to maturity3.565%May 11, 2023Yield to maturity3.315%May 23, 2023Yield to maturity3.686%Jun 5, 2023Yield to maturity3.725%Jun 15, 2023Yield to maturity3.792%Jun 28, 2023Yield to maturity3.815%Jul 11, 2023Yield to maturity4.092%Jul 21, 2023Yield to maturity3.945%Aug 2, 2023Yield to maturity4.144%Aug 14, 2023Yield to maturity4.255%Aug 24, 2023Yield to maturity4.303%Sep 6, 2023Yield to maturity4.361%Sep 18, 2023Yield to maturity4.381%Sep 28, 2023Yield to maturity4.605%Oct 11, 2023Yield to maturity4.575%Oct 23, 2023Yield to maturity4.813%Nov 2, 2023Yield to maturity4.635%Nov 14, 2023Yield to maturity4.407%Nov 27, 2023Yield to maturity4.370%Dec 7, 2023Yield to maturity4.095%Dec 19, 2023Yield to maturity3.895%Jan 2, 2024Yield to maturity3.883%Jan 12, 2024Yield to maturity3.824%Jan 25, 2024Yield to maturity4.003%Feb 6, 2024Yield to maturity3.982%Feb 16, 2024Yield to maturity4.247%Feb 29, 2024Yield to maturity4.212%Mar 12, 2024Yield to maturity4.098%Mar 22, 2024Yield to maturity4.158%Apr 3, 2024Yield to maturity4.292%Apr 15, 2024Yield to maturity4.597%Apr 25, 2024Yield to maturity4.674%May 7, 2024Yield to maturity4.424%May 17, 2024Yield to maturity4.390%May 30, 2024Yield to maturity4.538%Jun 11, 2024Yield to maturity4.384%Jun 24, 2024Yield to maturity4.252%Jul 5, 2024Yield to maturity4.204%Jul 17, 2024Yield to maturity4.068%Jul 29, 2024Yield to maturity4.046%Aug 8, 2024Yield to maturity3.838%Aug 20, 2024Yield to maturity3.717%Aug 30, 2024Yield to maturity3.751%Sep 12, 2024Yield to maturity3.494%Sep 24, 2024Yield to maturity3.498%Oct 4, 2024Yield to maturity3.801%Oct 17, 2024Yield to maturity3.892%Oct 29, 2024Yield to maturity4.089%Nov 8, 2024Yield to maturity4.172%Nov 21, 2024Yield to maturity4.282%Dec 4, 2024Yield to maturity4.059%Dec 16, 2024Yield to maturity4.225%Dec 27, 2024Yield to maturity4.427%Jan 9, 2025Yield to maturity4.427%Jan 22, 2025Yield to maturity4.400%Feb 3, 2025Yield to maturity4.323%Feb 13, 2025Yield to maturity4.361%Feb 26, 2025Yield to maturity4.058%Mar 10, 2025Yield to maturity3.964%Mar 20, 2025Yield to maturity3.985%Apr 1, 2025Yield to maturity3.882%Apr 11, 2025Yield to maturity4.120%Apr 23, 2025Yield to maturity3.965%May 5, 2025Yield to maturity3.885%May 15, 2025Yield to maturity4.019%May 28, 2025Yield to maturity4.012%Jun 9, 2025Yield to maturity4.044%Jun 20, 2025Yield to maturity3.905%Jul 2, 2025Yield to maturity3.802%Jul 15, 2025Yield to maturity3.985%Jul 25, 2025Yield to maturity3.884%Aug 6, 2025Yield to maturity3.687%Aug 18, 2025Yield to maturity3.777%Aug 28, 2025Yield to maturity3.621%Sep 10, 2025Yield to maturity3.518%Sep 22, 2025Yield to maturity3.625%Oct 2, 2025Yield to maturity3.594%Oct 15, 2025Yield to maturity3.549%Oct 27, 2025Yield to maturity3.537%Nov 6, 2025Yield to maturity3.601%Nov 19, 2025Yield to maturity3.626%Dec 2, 2025Yield to maturity3.563%Dec 12, 2025Yield to maturity3.649%Dec 24, 2025Yield to maturity3.636%Jan 7, 2026Yield to maturity3.580%Jan 20, 2026Yield to maturity3.735%Jan 30, 2026Yield to maturity3.668%Feb 11, 2026Yield to maturity3.635%Feb 24, 2026Yield to maturity3.512%Mar 6, 2026Yield to maturity3.632%Mar 18, 2026Yield to maturity3.789%Mar 30, 2026Yield to maturity3.885%Apr 9, 2026Yield to maturity3.833%Apr 21, 2026Yield to maturity3.822%May 1, 2026Yield to maturity3.931%May 13, 2026Yield to maturity4.039%May 26, 2026Yield to maturity4.123%Jun 5, 2026Yield to maturity4.237%Jun 17, 2026Yield to maturity4.236%Jun 30, 2026Yield to maturity4.145%Jul 13, 2026Yield to maturity4.308%Jul 23, 2026Yield to maturity4.404%Aug 4, 2026Yield to maturity4.267%Aug 14, 2026Yield to maturity4.270%Aug 26, 2026Yield to maturity4.302%Sep 8, 2026Yield to maturity4.486%Sep 9, 2026Yield to maturity4.522%

Price history

1,706 trading days to Sep 9, 2026

80859095100105110115Nov 15, 2019Sep 9, 2026Nov 15, 2019Close99.219Nov 27, 2019Close99.813Dec 10, 2019Close99.188Dec 20, 2019Close98.500Jan 3, 2020Close99.625Jan 15, 2020Close99.719Jan 28, 2020Close100.938Feb 7, 2020Close101.500Feb 20, 2020Close102.031Mar 3, 2020Close106.688Mar 13, 2020Close107.313Mar 25, 2020Close108.000Apr 6, 2020Close110.094Apr 17, 2020Close110.344Apr 29, 2020Close110.531May 11, 2020Close109.625May 21, 2020Close110.094Jun 3, 2020Close109.313Jun 15, 2020Close109.875Jun 25, 2020Close110.188Jul 8, 2020Close110.344Jul 20, 2020Close110.656Jul 30, 2020Close111.344Aug 11, 2020Close110.469Aug 21, 2020Close110.531Sep 2, 2020Close110.344Sep 15, 2020Close110.188Sep 25, 2020Close110.344Oct 7, 2020Close109.094Oct 20, 2020Close109.000Oct 30, 2020Close108.281Nov 12, 2020Close108.375Nov 24, 2020Close108.250Dec 7, 2020Close107.844Dec 17, 2020Close107.906Dec 30, 2020Close108.000Jan 12, 2021Close106.156Jan 25, 2021Close107.000Feb 4, 2021Close106.156Feb 17, 2021Close105.000Mar 1, 2021Close103.531Mar 11, 2021Close102.938Mar 23, 2021Close102.094Apr 2, 2021Close101.313Apr 14, 2021Close102.063Apr 26, 2021Close102.531May 6, 2021Close102.563May 18, 2021Close102.156May 28, 2021Close102.563Jun 10, 2021Close103.563Jun 22, 2021Close103.125Jul 2, 2021Close103.438Jul 15, 2021Close104.531Jul 27, 2021Close105.031Aug 6, 2021Close104.531Aug 18, 2021Close104.781Aug 30, 2021Close104.688Sep 10, 2021Close104.219Sep 22, 2021Close104.344Oct 4, 2021Close103.063Oct 15, 2021Close102.219Oct 27, 2021Close102.406Nov 8, 2021Close102.719Nov 19, 2021Close102.250Dec 2, 2021Close102.875Dec 14, 2021Close102.813Dec 27, 2021Close102.688Jan 6, 2022Close100.813Jan 19, 2022Close99.844Jan 31, 2022Close100.094Feb 10, 2022Close98.156Feb 23, 2022Close98.563Mar 7, 2022Close100.125Mar 17, 2022Close96.938Mar 29, 2022Close95.219Apr 8, 2022Close93.219Apr 21, 2022Close92.094May 3, 2022Close91.656May 13, 2022Close92.156May 25, 2022Close93.500Jun 7, 2022Close91.875Jun 17, 2022Close90.031Jun 30, 2022Close91.906Jul 13, 2022Close92.219Jul 25, 2022Close93.000Aug 4, 2022Close94.031Aug 16, 2022Close93.156Aug 26, 2022Close91.594Sep 8, 2022Close90.125Sep 20, 2022Close88.406Sep 30, 2022Close86.750Oct 13, 2022Close86.031Oct 25, 2022Close85.781Nov 4, 2022Close85.375Nov 17, 2022Close87.688Nov 30, 2022Close88.438Dec 12, 2022Close88.594Dec 22, 2022Close88.375Jan 5, 2023Close88.094Jan 18, 2023Close90.500Jan 30, 2023Close89.250Feb 9, 2023Close88.344Feb 22, 2023Close86.938Mar 6, 2023Close86.500Mar 16, 2023Close89.219Mar 28, 2023Close89.438Apr 7, 2023Close90.406Apr 19, 2023Close89.281May 1, 2023Close89.500May 11, 2023Close90.906May 23, 2023Close88.938Jun 5, 2023Close88.781Jun 15, 2023Close88.469Jun 28, 2023Close88.406Jul 11, 2023Close87.031Jul 21, 2023Close87.844Aug 2, 2023Close86.875Aug 14, 2023Close86.375Aug 24, 2023Close86.188Sep 6, 2023Close85.969Sep 18, 2023Close85.938Sep 28, 2023Close84.906Oct 11, 2023Close85.125Oct 23, 2023Close84.063Nov 2, 2023Close84.969Nov 14, 2023Close86.125Nov 27, 2023Close86.375Dec 7, 2023Close87.750Dec 19, 2023Close88.781Jan 2, 2024Close88.906Jan 12, 2024Close89.250Jan 25, 2024Close88.438Feb 6, 2024Close88.594Feb 16, 2024Close87.406Feb 29, 2024Close87.625Mar 12, 2024Close88.219Mar 22, 2024Close88.000Apr 3, 2024Close87.438Apr 15, 2024Close86.125Apr 25, 2024Close85.844May 7, 2024Close87.031May 17, 2024Close87.250May 30, 2024Close86.656Jun 11, 2024Close87.406Jun 24, 2024Close88.063Jul 5, 2024Close88.344Jul 17, 2024Close89.000Jul 29, 2024Close89.156Aug 8, 2024Close90.125Aug 20, 2024Close90.719Aug 30, 2024Close90.625Sep 12, 2024Close91.813Sep 24, 2024Close91.844Oct 4, 2024Close90.563Oct 17, 2024Close90.219Oct 29, 2024Close89.438Nov 8, 2024Close89.156Nov 21, 2024Close88.750Dec 4, 2024Close89.750Dec 16, 2024Close89.125Dec 27, 2024Close88.375Jan 9, 2025Close88.438Jan 22, 2025Close88.625Feb 3, 2025Close89.000Feb 13, 2025Close88.906Feb 26, 2025Close90.188Mar 10, 2025Close90.625Mar 20, 2025Close90.594Apr 1, 2025Close91.063Apr 11, 2025Close90.188Apr 23, 2025Close90.844May 5, 2025Close91.219May 15, 2025Close90.750May 28, 2025Close90.844Jun 9, 2025Close90.781Jun 20, 2025Close91.375Jul 2, 2025Close91.813Jul 15, 2025Close91.188Jul 25, 2025Close91.625Aug 6, 2025Close92.406Aug 18, 2025Close92.125Aug 28, 2025Close92.750Sep 10, 2025Close93.188Sep 22, 2025Close92.844Oct 2, 2025Close93.000Oct 15, 2025Close93.219Oct 27, 2025Close93.313Nov 6, 2025Close93.125Nov 19, 2025Close93.094Dec 2, 2025Close93.375Dec 12, 2025Close93.125Dec 24, 2025Close93.219Jan 7, 2026Close93.469Jan 20, 2026Close93.000Jan 30, 2026Close93.281Feb 11, 2026Close93.438Feb 24, 2026Close93.906Mar 6, 2026Close93.563Mar 18, 2026Close93.094Mar 30, 2026Close92.844Apr 9, 2026Close93.063Apr 21, 2026Close93.156May 1, 2026Close92.875May 13, 2026Close92.594May 26, 2026Close92.406Jun 5, 2026Close92.125Jun 17, 2026Close92.188Jun 30, 2026Close92.531Jul 13, 2026Close92.125Jul 23, 2026Close91.906Aug 4, 2026Close92.375Aug 14, 2026Close92.438Aug 26, 2026Close92.406Sep 8, 2026Close91.969Sep 9, 2026Close91.875
The most recent 20 trading days of prices for 912828YS3.
DateBidOfferClose
Sep 9, 202691.89191.84491.875
Sep 8, 202692.01692.00091.969
Sep 4, 202692.06392.03192.031
Sep 3, 202692.17292.15692.094
Sep 2, 202692.00091.96992.000
Sep 1, 202692.04792.03191.969
Aug 31, 202692.14192.12592.125
Aug 28, 202692.20392.18892.094
Aug 27, 202692.45392.43892.375
Aug 26, 202692.45392.43892.406
Aug 25, 202692.48492.46992.500
Aug 24, 202692.39192.37592.313
Aug 21, 202692.31392.28192.313
Aug 20, 202692.42292.40692.406
Aug 19, 202692.45392.43892.469
Aug 18, 202692.45392.43892.438
Aug 17, 202692.48492.46992.406
Aug 14, 202692.51692.50092.438
Aug 13, 202692.53192.50092.531
Aug 12, 202692.42292.40692.375

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 912828YS3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 6, 2019Nov 15, 2019New issue$27.0bn$39.8bn2.49x1.809%
Dec 10, 2019Dec 16, 2019Reopening$24.0bn$24.0bn2.43x1.842%
Jan 8, 2020Jan 15, 2020Reopening$24.0bn$24.8bn2.45x1.869%

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.