Treasury note

912828YX2 · 1.75% due December 31, 2026

Original term
7-Year
Maturity
Dec 31, 2026
Coupon
1.750%
Pays
Semi-Annual
Dated
Dec 31, 2019
First coupon
Jun 30, 2020
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$35.01bn
Held stripped
$1.6m
Share stripped
<0.01%

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
3.919%
Modified duration
0.301 yr
DV01
0.0030
Convexity
0.181
Dirty price
99.686

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 2 of twelve buckets, summing to 0.307 years against a modified duration of 0.301.

Against the fitted curve

Priced 7.9 bp rich to the curve on that day, 2.36 cents per 100 of face.

That is -1.61 standard deviations from its own typical residual.

Yield to maturity, 1,676 observations

0%1%2%3%4%5%6%Dec 31, 2019Sep 9, 2026Dec 31, 2019Yield to maturity1.831%Jan 10, 2020Yield to maturity1.740%Jan 22, 2020Yield to maturity1.683%Jan 31, 2020Yield to maturity1.421%Feb 11, 2020Yield to maturity1.500%Feb 21, 2020Yield to maturity1.380%Mar 3, 2020Yield to maturity0.907%Mar 12, 2020Yield to maturity0.817%Mar 23, 2020Yield to maturity0.635%Apr 1, 2020Yield to maturity0.504%Apr 13, 2020Yield to maturity0.617%Apr 22, 2020Yield to maturity0.508%May 1, 2020Yield to maturity0.512%May 12, 2020Yield to maturity0.503%May 21, 2020Yield to maturity0.503%Jun 2, 2020Yield to maturity0.488%Jun 11, 2020Yield to maturity0.474%Jun 22, 2020Yield to maturity0.496%Jul 1, 2020Yield to maturity0.478%Jul 13, 2020Yield to maturity0.439%Jul 22, 2020Yield to maturity0.406%Jul 31, 2020Yield to maturity0.348%Aug 11, 2020Yield to maturity0.414%Aug 20, 2020Yield to maturity0.405%Aug 31, 2020Yield to maturity0.427%Sep 10, 2020Yield to maturity0.398%Sep 21, 2020Yield to maturity0.392%Sep 30, 2020Yield to maturity0.392%Oct 9, 2020Yield to maturity0.468%Oct 21, 2020Yield to maturity0.493%Oct 30, 2020Yield to maturity0.536%Nov 10, 2020Yield to maturity0.611%Nov 20, 2020Yield to maturity0.511%Dec 2, 2020Yield to maturity0.561%Dec 11, 2020Yield to maturity0.495%Dec 22, 2020Yield to maturity0.500%Jan 4, 2021Yield to maturity0.483%Jan 13, 2021Yield to maturity0.616%Jan 25, 2021Yield to maturity0.553%Feb 3, 2021Yield to maturity0.611%Feb 12, 2021Yield to maturity0.642%Feb 24, 2021Yield to maturity0.785%Mar 5, 2021Yield to maturity0.985%Mar 16, 2021Yield to maturity1.015%Mar 25, 2021Yield to maturity1.001%Apr 5, 2021Yield to maturity1.129%Apr 14, 2021Yield to maturity1.032%Apr 23, 2021Yield to maturity0.984%May 4, 2021Yield to maturity0.976%May 13, 2021Yield to maturity0.989%May 24, 2021Yield to maturity0.957%Jun 3, 2021Yield to maturity0.970%Jun 14, 2021Yield to maturity0.898%Jun 23, 2021Yield to maturity0.980%Jul 2, 2021Yield to maturity0.936%Jul 14, 2021Yield to maturity0.869%Jul 23, 2021Yield to maturity0.790%Aug 3, 2021Yield to maturity0.699%Aug 12, 2021Yield to maturity0.886%Aug 23, 2021Yield to maturity0.817%Sep 1, 2021Yield to maturity0.825%Sep 13, 2021Yield to maturity0.843%Sep 22, 2021Yield to maturity0.892%Oct 1, 2021Yield to maturity0.971%Oct 13, 2021Yield to maturity1.113%Oct 22, 2021Yield to maturity1.232%Nov 2, 2021Yield to maturity1.161%Nov 12, 2021Yield to maturity1.239%Nov 23, 2021Yield to maturity1.318%Dec 3, 2021Yield to maturity1.114%Dec 14, 2021Yield to maturity1.243%Dec 23, 2021Yield to maturity1.259%Jan 4, 2022Yield to maturity1.360%Jan 13, 2022Yield to maturity1.462%Jan 25, 2022Yield to maturity1.552%Feb 3, 2022Yield to maturity1.637%Feb 14, 2022Yield to maturity1.905%Feb 24, 2022Yield to maturity1.851%Mar 7, 2022Yield to maturity1.723%Mar 16, 2022Yield to maturity2.192%Mar 25, 2022Yield to maturity2.578%Apr 5, 2022Yield to maturity2.719%Apr 14, 2022Yield to maturity2.805%Apr 26, 2022Yield to maturity2.805%May 5, 2022Yield to maturity3.026%May 16, 2022Yield to maturity2.832%May 25, 2022Yield to maturity2.733%Jun 6, 2022Yield to maturity3.050%Jun 15, 2022Yield to maturity3.397%Jun 27, 2022Yield to maturity3.276%Jul 7, 2022Yield to maturity3.066%Jul 18, 2022Yield to maturity3.090%Jul 27, 2022Yield to maturity2.855%Aug 5, 2022Yield to maturity3.019%Aug 16, 2022Yield to maturity3.010%Aug 25, 2022Yield to maturity3.233%Sep 6, 2022Yield to maturity3.480%Sep 15, 2022Yield to maturity3.738%Sep 26, 2022Yield to maturity4.253%Oct 5, 2022Yield to maturity4.043%Oct 17, 2022Yield to maturity4.338%Oct 26, 2022Yield to maturity4.291%Nov 4, 2022Yield to maturity4.424%Nov 16, 2022Yield to maturity3.930%Nov 28, 2022Yield to maturity4.026%Dec 7, 2022Yield to maturity3.758%Dec 16, 2022Yield to maturity3.719%Dec 28, 2022Yield to maturity4.035%Jan 9, 2023Yield to maturity3.757%Jan 19, 2023Yield to maturity3.574%Jan 30, 2023Yield to maturity3.777%Feb 8, 2023Yield to maturity3.926%Feb 17, 2023Yield to maturity4.158%Mar 1, 2023Yield to maturity4.409%Mar 10, 2023Yield to maturity4.145%Mar 21, 2023Yield to maturity3.933%Mar 30, 2023Yield to maturity3.815%Apr 10, 2023Yield to maturity3.670%Apr 19, 2023Yield to maturity3.874%Apr 28, 2023Yield to maturity3.660%May 9, 2023Yield to maturity3.635%May 18, 2023Yield to maturity3.851%May 30, 2023Yield to maturity4.018%Jun 8, 2023Yield to maturity4.054%Jun 20, 2023Yield to maturity4.186%Jun 29, 2023Yield to maturity4.387%Jul 11, 2023Yield to maturity4.462%Jul 20, 2023Yield to maturity4.325%Jul 31, 2023Yield to maturity4.420%Aug 9, 2023Yield to maturity4.354%Aug 18, 2023Yield to maturity4.580%Aug 29, 2023Yield to maturity4.503%Sep 8, 2023Yield to maturity4.616%Sep 19, 2023Yield to maturity4.758%Sep 28, 2023Yield to maturity4.802%Oct 10, 2023Yield to maturity4.732%Oct 19, 2023Yield to maturity5.003%Oct 30, 2023Yield to maturity4.850%Nov 8, 2023Yield to maturity4.657%Nov 17, 2023Yield to maturity4.615%Nov 29, 2023Yield to maturity4.353%Dec 8, 2023Yield to maturity4.412%Dec 19, 2023Yield to maturity4.132%Dec 29, 2023Yield to maturity4.008%Jan 10, 2024Yield to maturity4.120%Jan 22, 2024Yield to maturity4.146%Jan 31, 2024Yield to maturity4.046%Feb 9, 2024Yield to maturity4.288%Feb 21, 2024Yield to maturity4.447%Mar 1, 2024Yield to maturity4.351%Mar 12, 2024Yield to maturity4.386%Mar 21, 2024Yield to maturity4.459%Apr 1, 2024Yield to maturity4.565%Apr 10, 2024Yield to maturity4.837%Apr 19, 2024Yield to maturity4.845%Apr 30, 2024Yield to maturity4.926%May 9, 2024Yield to maturity4.675%May 20, 2024Yield to maturity4.681%May 30, 2024Yield to maturity4.794%Jun 10, 2024Yield to maturity4.733%Jun 20, 2024Yield to maturity4.557%Jul 1, 2024Yield to maturity4.675%Jul 11, 2024Yield to maturity4.368%Jul 22, 2024Yield to maturity4.400%Jul 31, 2024Yield to maturity4.197%Aug 9, 2024Yield to maturity3.969%Aug 20, 2024Yield to maturity3.890%Aug 29, 2024Yield to maturity3.840%Sep 10, 2024Yield to maturity3.531%Sep 19, 2024Yield to maturity3.535%Sep 30, 2024Yield to maturity3.618%Oct 9, 2024Yield to maturity3.973%Oct 21, 2024Yield to maturity3.990%Oct 30, 2024Yield to maturity4.141%Nov 8, 2024Yield to maturity4.241%Nov 20, 2024Yield to maturity4.286%Dec 2, 2024Yield to maturity4.178%Dec 11, 2024Yield to maturity4.157%Dec 20, 2024Yield to maturity4.310%Jan 2, 2025Yield to maturity4.246%Jan 13, 2025Yield to maturity4.388%Jan 23, 2025Yield to maturity4.267%Feb 3, 2025Yield to maturity4.253%Feb 12, 2025Yield to maturity4.358%Feb 24, 2025Yield to maturity4.166%Mar 5, 2025Yield to maturity4.013%Mar 14, 2025Yield to maturity4.051%Mar 25, 2025Yield to maturity4.026%Apr 3, 2025Yield to maturity3.771%Apr 14, 2025Yield to maturity3.904%Apr 23, 2025Yield to maturity3.915%May 2, 2025Yield to maturity3.894%May 13, 2025Yield to maturity4.070%May 22, 2025Yield to maturity4.064%Jun 3, 2025Yield to maturity4.071%Jun 12, 2025Yield to maturity4.000%Jun 24, 2025Yield to maturity3.918%Jul 3, 2025Yield to maturity4.010%Jul 15, 2025Yield to maturity4.047%Jul 24, 2025Yield to maturity4.040%Aug 4, 2025Yield to maturity3.805%Aug 13, 2025Yield to maturity3.793%Aug 22, 2025Yield to maturity3.789%Sep 3, 2025Yield to maturity3.756%Sep 12, 2025Yield to maturity3.674%Sep 23, 2025Yield to maturity3.685%Oct 2, 2025Yield to maturity3.618%Oct 14, 2025Yield to maturity3.586%Oct 23, 2025Yield to maturity3.597%Nov 3, 2025Yield to maturity3.729%Nov 13, 2025Yield to maturity3.690%Nov 24, 2025Yield to maturity3.624%Dec 4, 2025Yield to maturity3.610%Dec 15, 2025Yield to maturity3.570%Dec 24, 2025Yield to maturity3.587%Jan 6, 2026Yield to maturity3.549%Jan 15, 2026Yield to maturity3.595%Jan 27, 2026Yield to maturity3.590%Feb 5, 2026Yield to maturity3.532%Feb 17, 2026Yield to maturity3.562%Feb 26, 2026Yield to maturity3.577%Mar 9, 2026Yield to maturity3.645%Mar 18, 2026Yield to maturity3.746%Mar 27, 2026Yield to maturity3.826%Apr 7, 2026Yield to maturity3.764%Apr 16, 2026Yield to maturity3.743%Apr 27, 2026Yield to maturity3.737%May 6, 2026Yield to maturity3.714%May 15, 2026Yield to maturity3.759%May 27, 2026Yield to maturity3.798%Jun 5, 2026Yield to maturity3.852%Jun 16, 2026Yield to maturity3.830%Jun 26, 2026Yield to maturity3.905%Jul 8, 2026Yield to maturity3.958%Jul 17, 2026Yield to maturity3.958%Jul 28, 2026Yield to maturity4.008%Aug 6, 2026Yield to maturity3.983%Aug 17, 2026Yield to maturity3.901%Aug 26, 2026Yield to maturity3.866%Sep 4, 2026Yield to maturity3.983%Sep 9, 2026Yield to maturity3.919%

Price history

1,676 trading days to Sep 9, 2026

859095100105110Dec 31, 2019Sep 9, 2026Dec 31, 2019Close99.469Jan 10, 2020Close100.063Jan 22, 2020Close100.438Jan 31, 2020Close102.156Feb 11, 2020Close101.625Feb 21, 2020Close102.406Mar 3, 2020Close105.563Mar 12, 2020Close106.156Mar 23, 2020Close107.375Apr 1, 2020Close108.250Apr 13, 2020Close107.438Apr 22, 2020Close108.156May 1, 2020Close108.094May 12, 2020Close108.125May 21, 2020Close108.094Jun 2, 2020Close108.156Jun 11, 2020Close108.219Jun 22, 2020Close108.031Jul 1, 2020Close108.125Jul 13, 2020Close108.344Jul 22, 2020Close108.531Jul 31, 2020Close108.875Aug 11, 2020Close108.406Aug 20, 2020Close108.438Aug 31, 2020Close108.250Sep 10, 2020Close108.406Sep 21, 2020Close108.406Sep 30, 2020Close108.375Oct 9, 2020Close107.844Oct 21, 2020Close107.656Oct 30, 2020Close107.344Nov 10, 2020Close106.844Nov 20, 2020Close107.438Dec 2, 2020Close107.094Dec 11, 2020Close107.469Dec 22, 2020Close107.406Jan 4, 2021Close107.469Jan 13, 2021Close106.625Jan 25, 2021Close106.969Feb 3, 2021Close106.594Feb 12, 2021Close106.375Feb 24, 2021Close105.500Mar 5, 2021Close104.313Mar 16, 2021Close104.125Mar 25, 2021Close104.188Apr 5, 2021Close103.438Apr 14, 2021Close103.969Apr 23, 2021Close104.219May 4, 2021Close104.250May 13, 2021Close104.156May 24, 2021Close104.313Jun 3, 2021Close104.219Jun 14, 2021Close104.594Jun 23, 2021Close104.125Jul 2, 2021Close104.344Jul 14, 2021Close104.688Jul 23, 2021Close105.094Aug 3, 2021Close105.563Aug 12, 2021Close104.531Aug 23, 2021Close104.875Sep 1, 2021Close104.813Sep 13, 2021Close104.688Sep 22, 2021Close104.406Oct 1, 2021Close103.969Oct 13, 2021Close103.219Oct 22, 2021Close102.594Nov 2, 2021Close102.938Nov 12, 2021Close102.531Nov 23, 2021Close102.125Dec 3, 2021Close103.125Dec 14, 2021Close102.469Dec 23, 2021Close102.375Jan 4, 2022Close101.875Jan 13, 2022Close101.375Jan 25, 2022Close100.938Feb 3, 2022Close100.531Feb 14, 2022Close99.281Feb 24, 2022Close99.531Mar 7, 2022Close100.125Mar 16, 2022Close98.000Mar 25, 2022Close96.313Apr 5, 2022Close95.719Apr 14, 2022Close95.375Apr 26, 2022Close95.406May 5, 2022Close94.500May 16, 2022Close95.344May 25, 2022Close95.781Jun 6, 2022Close94.500Jun 15, 2022Close93.125Jun 27, 2022Close93.656Jul 7, 2022Close94.531Jul 18, 2022Close94.469Jul 27, 2022Close95.438Aug 5, 2022Close94.813Aug 16, 2022Close94.875Aug 25, 2022Close94.031Sep 6, 2022Close93.125Sep 15, 2022Close92.188Sep 26, 2022Close90.344Oct 5, 2022Close91.156Oct 17, 2022Close90.156Oct 26, 2022Close90.375Nov 4, 2022Close89.969Nov 16, 2022Close91.781Nov 28, 2022Close91.500Dec 7, 2022Close92.500Dec 16, 2022Close92.688Dec 28, 2022Close91.625Jan 9, 2023Close92.656Jan 19, 2023Close93.344Jan 30, 2023Close92.688Feb 8, 2023Close92.219Feb 17, 2023Close91.500Mar 1, 2023Close90.719Mar 10, 2023Close91.656Mar 21, 2023Close92.406Mar 30, 2023Close92.844Apr 10, 2023Close93.375Apr 19, 2023Close92.750Apr 28, 2023Close93.500May 9, 2023Close93.625May 18, 2023Close92.969May 30, 2023Close92.500Jun 8, 2023Close92.438Jun 20, 2023Close92.094Jun 29, 2023Close91.531Jul 11, 2023Close91.375Jul 20, 2023Close91.844Jul 31, 2023Close91.625Aug 9, 2023Close91.875Aug 18, 2023Close91.281Aug 29, 2023Close91.563Sep 8, 2023Close91.313Sep 19, 2023Close90.969Sep 28, 2023Close90.906Oct 10, 2023Close91.188Oct 19, 2023Close90.500Oct 30, 2023Close91.000Nov 8, 2023Close91.594Nov 17, 2023Close91.781Nov 29, 2023Close92.563Dec 8, 2023Close92.469Dec 19, 2023Close93.281Dec 29, 2023Close93.688Jan 10, 2024Close93.438Jan 22, 2024Close93.438Jan 31, 2024Close93.750Feb 9, 2024Close93.188Feb 21, 2024Close92.844Mar 1, 2024Close93.156Mar 12, 2024Close93.125Mar 21, 2024Close93.000Apr 1, 2024Close92.813Apr 10, 2024Close92.219Apr 19, 2024Close92.281Apr 30, 2024Close92.156May 9, 2024Close92.813May 20, 2024Close92.875May 30, 2024Close92.688Jun 10, 2024Close92.906Jun 20, 2024Close93.375Jul 1, 2024Close93.188Jul 11, 2024Close93.938Jul 22, 2024Close93.938Jul 31, 2024Close94.438Aug 9, 2024Close95.000Aug 20, 2024Close95.219Aug 29, 2024Close95.375Sep 10, 2024Close96.094Sep 19, 2024Close96.125Sep 30, 2024Close96.000Oct 9, 2024Close95.313Oct 21, 2024Close95.344Oct 30, 2024Close95.094Nov 8, 2024Close94.969Nov 20, 2024Close94.938Dec 2, 2024Close95.219Dec 11, 2024Close95.313Dec 20, 2024Close95.094Jan 2, 2025Close95.281Jan 13, 2025Close95.094Jan 23, 2025Close95.375Feb 3, 2025Close95.469Feb 12, 2025Close95.344Feb 24, 2025Close95.750Mar 5, 2025Close96.063Mar 14, 2025Close96.063Mar 25, 2025Close96.156Apr 3, 2025Close96.625Apr 14, 2025Close96.469Apr 23, 2025Close96.500May 2, 2025Close96.594May 13, 2025Close96.375May 22, 2025Close96.438Jun 3, 2025Close96.500Jun 12, 2025Close96.656Jun 24, 2025Close96.844Jul 3, 2025Close96.781Jul 15, 2025Close96.781Jul 24, 2025Close96.844Aug 4, 2025Close97.219Aug 13, 2025Close97.281Aug 22, 2025Close97.344Sep 3, 2025Close97.438Sep 12, 2025Close97.594Sep 23, 2025Close97.625Oct 2, 2025Close97.750Oct 14, 2025Close97.844Oct 23, 2025Close97.875Nov 3, 2025Close97.781Nov 13, 2025Close97.875Nov 24, 2025Close98.000Dec 4, 2025Close98.063Dec 15, 2025Close98.156Dec 24, 2025Close98.188Jan 6, 2026Close98.281Jan 15, 2026Close98.281Jan 27, 2026Close98.344Feb 5, 2026Close98.438Feb 17, 2026Close98.469Feb 26, 2026Close98.500Mar 9, 2026Close98.500Mar 18, 2026Close98.469Mar 27, 2026Close98.469Apr 7, 2026Close98.563Apr 16, 2026Close98.625Apr 27, 2026Close98.688May 6, 2026Close98.750May 15, 2026Close98.781May 27, 2026Close98.813Jun 5, 2026Close98.844Jun 16, 2026Close98.906Jun 26, 2026Close98.938Jul 8, 2026Close98.969Jul 17, 2026Close99.031Jul 28, 2026Close99.063Aug 6, 2026Close99.125Aug 17, 2026Close99.219Aug 26, 2026Close99.281Sep 4, 2026Close99.313Sep 9, 2026Close99.344
The most recent 20 trading days of prices for 912828YX2.
DateBidOfferClose
Sep 9, 2026–99.34499.344
Sep 8, 2026–99.34499.344
Sep 4, 2026–99.34499.313
Sep 3, 2026–99.31399.313
Sep 2, 2026–99.31399.281
Sep 1, 2026–99.28199.281
Aug 31, 2026–99.28199.281
Aug 28, 2026–99.28199.281
Aug 27, 2026–99.28199.281
Aug 26, 2026–99.28199.281
Aug 25, 2026–99.28199.281
Aug 24, 2026–99.28199.281
Aug 21, 2026–99.28199.250
Aug 20, 2026–99.25099.250
Aug 19, 2026–99.25099.250
Aug 18, 2026–99.25099.250
Aug 17, 2026–99.21999.219
Aug 14, 2026–99.21999.219
Aug 13, 2026–99.18899.188
Aug 12, 2026–99.18899.188

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 912828YX2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 26, 2019Dec 31, 2019New issue$32.0bn$35.0bn2.47x1.835%

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.