Treasury note

91282CAD3 · 0.375% due July 31, 2027

Original term
7-Year
Maturity
Jul 31, 2027
Coupon
0.375%
Pays
Semi-Annual
Dated
Jul 31, 2020
First coupon
Jan 31, 2021
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$46.48bn
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, October 20, 2026

Yield to maturity
4.511%
Modified duration
0.759 yr
DV01
0.0074
Convexity
0.00948
Dirty price
96.959

Where its rate sensitivity sits

0.35
0.43
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 0.774 years against a modified duration of 0.759.

Against the fitted curve

Priced 1.3 bp cheap to the curve on that day, 0.95 cents per 100 of face.

That is -0.07 standard deviations from its own typical residual.

Yield to maturity, 1,557 observations

0%1%2%3%4%5%6%Jul 31, 2020Oct 20, 2026Jul 31, 2020Yield to maturity0.389%Aug 11, 2020Yield to maturity0.462%Aug 20, 2020Yield to maturity0.453%Aug 31, 2020Yield to maturity0.490%Sep 10, 2020Yield to maturity0.449%Sep 21, 2020Yield to maturity0.449%Sep 30, 2020Yield to maturity0.449%Oct 9, 2020Yield to maturity0.530%Oct 21, 2020Yield to maturity0.559%Oct 30, 2020Yield to maturity0.612%Nov 10, 2020Yield to maturity0.690%Nov 20, 2020Yield to maturity0.580%Dec 2, 2020Yield to maturity0.649%Dec 11, 2020Yield to maturity0.577%Dec 22, 2020Yield to maturity0.592%Jan 4, 2021Yield to maturity0.574%Jan 13, 2021Yield to maturity0.723%Jan 25, 2021Yield to maturity0.655%Feb 3, 2021Yield to maturity0.721%Feb 12, 2021Yield to maturity0.758%Feb 24, 2021Yield to maturity0.922%Mar 5, 2021Yield to maturity1.131%Mar 16, 2021Yield to maturity1.171%Mar 25, 2021Yield to maturity1.163%Apr 5, 2021Yield to maturity1.289%Apr 14, 2021Yield to maturity1.191%Apr 23, 2021Yield to maturity1.137%May 4, 2021Yield to maturity1.134%May 13, 2021Yield to maturity1.159%May 24, 2021Yield to maturity1.114%Jun 3, 2021Yield to maturity1.128%Jun 14, 2021Yield to maturity1.040%Jun 23, 2021Yield to maturity1.108%Jul 2, 2021Yield to maturity1.052%Jul 14, 2021Yield to maturity0.973%Jul 23, 2021Yield to maturity0.888%Aug 3, 2021Yield to maturity0.793%Aug 12, 2021Yield to maturity0.981%Aug 23, 2021Yield to maturity0.906%Sep 1, 2021Yield to maturity0.925%Sep 13, 2021Yield to maturity0.939%Sep 22, 2021Yield to maturity0.975%Oct 1, 2021Yield to maturity1.086%Oct 13, 2021Yield to maturity1.215%Oct 22, 2021Yield to maturity1.329%Nov 2, 2021Yield to maturity1.258%Nov 12, 2021Yield to maturity1.321%Nov 23, 2021Yield to maturity1.408%Dec 3, 2021Yield to maturity1.177%Dec 14, 2021Yield to maturity1.287%Dec 23, 2021Yield to maturity1.305%Jan 4, 2022Yield to maturity1.423%Jan 13, 2022Yield to maturity1.519%Jan 25, 2022Yield to maturity1.612%Feb 3, 2022Yield to maturity1.692%Feb 14, 2022Yield to maturity1.932%Feb 24, 2022Yield to maturity1.877%Mar 7, 2022Yield to maturity1.732%Mar 16, 2022Yield to maturity2.203%Mar 25, 2022Yield to maturity2.565%Apr 5, 2022Yield to maturity2.697%Apr 14, 2022Yield to maturity2.817%Apr 26, 2022Yield to maturity2.798%May 5, 2022Yield to maturity3.033%May 16, 2022Yield to maturity2.845%May 25, 2022Yield to maturity2.738%Jun 6, 2022Yield to maturity3.064%Jun 15, 2022Yield to maturity3.409%Jun 27, 2022Yield to maturity3.275%Jul 7, 2022Yield to maturity3.073%Jul 18, 2022Yield to maturity3.082%Jul 27, 2022Yield to maturity2.848%Aug 5, 2022Yield to maturity2.980%Aug 16, 2022Yield to maturity2.956%Aug 25, 2022Yield to maturity3.183%Sep 6, 2022Yield to maturity3.436%Sep 15, 2022Yield to maturity3.674%Sep 26, 2022Yield to maturity4.174%Oct 5, 2022Yield to maturity3.978%Oct 17, 2022Yield to maturity4.267%Oct 26, 2022Yield to maturity4.222%Nov 4, 2022Yield to maturity4.345%Nov 16, 2022Yield to maturity3.848%Nov 28, 2022Yield to maturity3.937%Dec 7, 2022Yield to maturity3.688%Dec 16, 2022Yield to maturity3.669%Dec 28, 2022Yield to maturity4.016%Jan 9, 2023Yield to maturity3.704%Jan 19, 2023Yield to maturity3.520%Jan 30, 2023Yield to maturity3.730%Feb 8, 2023Yield to maturity3.874%Feb 17, 2023Yield to maturity4.095%Mar 1, 2023Yield to maturity4.357%Mar 10, 2023Yield to maturity4.056%Mar 21, 2023Yield to maturity3.870%Mar 30, 2023Yield to maturity3.762%Apr 10, 2023Yield to maturity3.606%Apr 19, 2023Yield to maturity3.814%Apr 28, 2023Yield to maturity3.604%May 9, 2023Yield to maturity3.589%May 18, 2023Yield to maturity3.792%May 30, 2023Yield to maturity3.961%Jun 8, 2023Yield to maturity4.001%Jun 20, 2023Yield to maturity4.112%Jun 29, 2023Yield to maturity4.290%Jul 11, 2023Yield to maturity4.378%Jul 20, 2023Yield to maturity4.235%Jul 31, 2023Yield to maturity4.330%Aug 9, 2023Yield to maturity4.260%Aug 18, 2023Yield to maturity4.499%Aug 29, 2023Yield to maturity4.419%Sep 8, 2023Yield to maturity4.550%Sep 19, 2023Yield to maturity4.665%Sep 28, 2023Yield to maturity4.752%Oct 10, 2023Yield to maturity4.699%Oct 19, 2023Yield to maturity5.010%Oct 30, 2023Yield to maturity4.853%Nov 8, 2023Yield to maturity4.609%Nov 17, 2023Yield to maturity4.562%Nov 29, 2023Yield to maturity4.339%Dec 8, 2023Yield to maturity4.372%Dec 19, 2023Yield to maturity4.083%Dec 29, 2023Yield to maturity3.947%Jan 10, 2024Yield to maturity4.074%Jan 22, 2024Yield to maturity4.098%Jan 31, 2024Yield to maturity3.999%Feb 9, 2024Yield to maturity4.241%Feb 21, 2024Yield to maturity4.400%Mar 1, 2024Yield to maturity4.285%Mar 12, 2024Yield to maturity4.314%Mar 21, 2024Yield to maturity4.386%Apr 1, 2024Yield to maturity4.489%Apr 10, 2024Yield to maturity4.777%Apr 19, 2024Yield to maturity4.795%Apr 30, 2024Yield to maturity4.875%May 9, 2024Yield to maturity4.611%May 20, 2024Yield to maturity4.606%May 30, 2024Yield to maturity4.735%Jun 10, 2024Yield to maturity4.649%Jun 20, 2024Yield to maturity4.452%Jul 1, 2024Yield to maturity4.598%Jul 11, 2024Yield to maturity4.280%Jul 22, 2024Yield to maturity4.307%Jul 31, 2024Yield to maturity4.112%Aug 9, 2024Yield to maturity3.897%Aug 20, 2024Yield to maturity3.818%Aug 29, 2024Yield to maturity3.775%Sep 10, 2024Yield to maturity3.473%Sep 19, 2024Yield to maturity3.499%Sep 30, 2024Yield to maturity3.594%Oct 9, 2024Yield to maturity3.935%Oct 21, 2024Yield to maturity3.964%Oct 30, 2024Yield to maturity4.151%Nov 8, 2024Yield to maturity4.236%Nov 20, 2024Yield to maturity4.284%Dec 2, 2024Yield to maturity4.159%Dec 11, 2024Yield to maturity4.154%Dec 20, 2024Yield to maturity4.333%Jan 2, 2025Yield to maturity4.283%Jan 13, 2025Yield to maturity4.469%Jan 23, 2025Yield to maturity4.330%Feb 3, 2025Yield to maturity4.279%Feb 12, 2025Yield to maturity4.390%Feb 24, 2025Yield to maturity4.170%Mar 5, 2025Yield to maturity4.006%Mar 14, 2025Yield to maturity4.023%Mar 25, 2025Yield to maturity4.003%Apr 3, 2025Yield to maturity3.714%Apr 14, 2025Yield to maturity3.863%Apr 23, 2025Yield to maturity3.887%May 2, 2025Yield to maturity3.827%May 13, 2025Yield to maturity4.021%May 22, 2025Yield to maturity4.000%Jun 3, 2025Yield to maturity3.960%Jun 12, 2025Yield to maturity3.905%Jun 24, 2025Yield to maturity3.813%Jul 3, 2025Yield to maturity3.902%Jul 15, 2025Yield to maturity3.962%Jul 24, 2025Yield to maturity3.922%Aug 4, 2025Yield to maturity3.683%Aug 13, 2025Yield to maturity3.673%Aug 22, 2025Yield to maturity3.689%Sep 3, 2025Yield to maturity3.629%Sep 12, 2025Yield to maturity3.573%Sep 23, 2025Yield to maturity3.597%Oct 2, 2025Yield to maturity3.566%Oct 14, 2025Yield to maturity3.493%Oct 23, 2025Yield to maturity3.498%Nov 3, 2025Yield to maturity3.629%Nov 13, 2025Yield to maturity3.622%Nov 24, 2025Yield to maturity3.540%Dec 4, 2025Yield to maturity3.552%Dec 15, 2025Yield to maturity3.528%Dec 24, 2025Yield to maturity3.540%Jan 6, 2026Yield to maturity3.478%Jan 15, 2026Yield to maturity3.571%Jan 27, 2026Yield to maturity3.574%Feb 5, 2026Yield to maturity3.470%Feb 17, 2026Yield to maturity3.472%Feb 26, 2026Yield to maturity3.480%Mar 9, 2026Yield to maturity3.619%Mar 18, 2026Yield to maturity3.776%Mar 27, 2026Yield to maturity3.953%Apr 7, 2026Yield to maturity3.843%Apr 16, 2026Yield to maturity3.807%Apr 27, 2026Yield to maturity3.811%May 6, 2026Yield to maturity3.827%May 15, 2026Yield to maturity3.970%May 27, 2026Yield to maturity3.941%Jun 5, 2026Yield to maturity4.066%Jun 16, 2026Yield to maturity4.000%Jun 26, 2026Yield to maturity4.080%Jul 8, 2026Yield to maturity4.178%Jul 17, 2026Yield to maturity4.130%Jul 28, 2026Yield to maturity4.223%Aug 6, 2026Yield to maturity4.151%Aug 17, 2026Yield to maturity4.062%Aug 26, 2026Yield to maturity4.124%Sep 4, 2026Yield to maturity4.225%Sep 16, 2026Yield to maturity4.486%Sep 25, 2026Yield to maturity4.595%Oct 6, 2026Yield to maturity4.479%Oct 16, 2026Yield to maturity4.482%Oct 20, 2026Yield to maturity4.511%

Price history

1,557 trading days to Oct 20, 2026

80859095100105Jul 31, 2020Oct 20, 2026Jul 31, 2020Close99.906Aug 11, 2020Close99.406Aug 20, 2020Close99.469Aug 31, 2020Close99.219Sep 10, 2020Close99.500Sep 21, 2020Close99.500Sep 30, 2020Close99.500Oct 9, 2020Close98.969Oct 21, 2020Close98.781Oct 30, 2020Close98.438Nov 10, 2020Close97.938Nov 20, 2020Close98.656Dec 2, 2020Close98.219Dec 11, 2020Close98.688Dec 22, 2020Close98.594Jan 4, 2021Close98.719Jan 13, 2021Close97.781Jan 25, 2021Close98.219Feb 3, 2021Close97.813Feb 12, 2021Close97.594Feb 24, 2021Close96.594Mar 5, 2021Close95.344Mar 16, 2021Close95.125Mar 25, 2021Close95.188Apr 5, 2021Close94.469Apr 14, 2021Close95.063Apr 23, 2021Close95.406May 4, 2021Close95.438May 13, 2021Close95.313May 24, 2021Close95.594Jun 3, 2021Close95.531Jun 14, 2021Close96.063Jun 23, 2021Close95.688Jul 2, 2021Close96.031Jul 14, 2021Close96.500Jul 23, 2021Close97.000Aug 3, 2021Close97.563Aug 12, 2021Close96.500Aug 23, 2021Close96.938Sep 1, 2021Close96.844Sep 13, 2021Close96.781Sep 22, 2021Close96.594Oct 1, 2021Close96.000Oct 13, 2021Close95.313Oct 22, 2021Close94.719Nov 2, 2021Close95.125Nov 12, 2021Close94.813Nov 23, 2021Close94.375Dec 3, 2021Close95.625Dec 14, 2021Close95.063Dec 23, 2021Close95.000Jan 4, 2022Close94.406Jan 13, 2022Close93.938Jan 25, 2022Close93.500Feb 3, 2022Close93.125Feb 14, 2022Close91.969Feb 24, 2022Close92.281Mar 7, 2022Close93.031Mar 16, 2022Close90.781Mar 25, 2022Close89.125Apr 5, 2022Close88.563Apr 14, 2022Close88.063Apr 26, 2022Close88.219May 5, 2022Close87.219May 16, 2022Close88.125May 25, 2022Close88.656Jun 6, 2022Close87.281Jun 15, 2022Close85.844Jun 27, 2022Close86.500Jul 7, 2022Close87.438Jul 18, 2022Close87.469Jul 27, 2022Close88.531Aug 5, 2022Close88.031Aug 16, 2022Close88.188Aug 25, 2022Close87.281Sep 6, 2022Close86.313Sep 15, 2022Close85.406Sep 26, 2022Close83.500Oct 5, 2022Close84.344Oct 17, 2022Close83.313Oct 26, 2022Close83.563Nov 4, 2022Close83.188Nov 16, 2022Close85.188Nov 28, 2022Close84.938Dec 7, 2022Close85.969Dec 16, 2022Close86.125Dec 28, 2022Close84.875Jan 9, 2023Close86.156Jan 19, 2023Close86.938Jan 30, 2023Close86.219Feb 8, 2023Close85.750Feb 17, 2023Close85.031Mar 1, 2023Close84.156Mar 10, 2023Close85.344Mar 21, 2023Close86.094Mar 30, 2023Close86.563Apr 10, 2023Close87.219Apr 19, 2023Close86.531Apr 28, 2023Close87.375May 9, 2023Close87.500May 18, 2023Close86.844May 30, 2023Close86.344Jun 8, 2023Close86.281Jun 20, 2023Close86.000Jun 29, 2023Close85.469Jul 11, 2023Close85.281Jul 20, 2023Close85.844Jul 31, 2023Close85.625Aug 9, 2023Close85.938Aug 18, 2023Close85.250Aug 29, 2023Close85.594Sep 8, 2023Close85.281Sep 19, 2023Close85.000Sep 28, 2023Close84.813Oct 10, 2023Close85.094Oct 19, 2023Close84.219Oct 30, 2023Close84.813Nov 8, 2023Close85.656Nov 17, 2023Close85.906Nov 29, 2023Close86.688Dec 8, 2023Close86.688Dec 19, 2023Close87.656Dec 29, 2023Close88.188Jan 10, 2024Close87.875Jan 22, 2024Close87.906Jan 31, 2024Close88.281Feb 9, 2024Close87.656Feb 21, 2024Close87.281Mar 1, 2024Close87.719Mar 12, 2024Close87.719Mar 21, 2024Close87.594Apr 1, 2024Close87.406Apr 10, 2024Close86.688Apr 19, 2024Close86.750Apr 30, 2024Close86.625May 9, 2024Close87.438May 20, 2024Close87.563May 30, 2024Close87.313Jun 10, 2024Close87.656Jun 20, 2024Close88.281Jul 1, 2024Close88.000Jul 11, 2024Close88.938Jul 22, 2024Close88.969Jul 31, 2024Close89.563Aug 9, 2024Close90.219Aug 20, 2024Close90.500Aug 29, 2024Close90.688Sep 10, 2024Close91.563Sep 19, 2024Close91.563Sep 30, 2024Close91.406Oct 9, 2024Close90.625Oct 21, 2024Close90.656Oct 30, 2024Close90.281Nov 8, 2024Close90.188Nov 20, 2024Close90.156Dec 2, 2024Close90.563Dec 11, 2024Close90.656Dec 20, 2024Close90.344Jan 2, 2025Close90.563Jan 13, 2025Close90.250Jan 23, 2025Close90.656Feb 3, 2025Close90.875Feb 12, 2025Close90.719Feb 24, 2025Close91.313Mar 5, 2025Close91.750Mar 14, 2025Close91.813Mar 25, 2025Close91.938Apr 3, 2025Close92.625Apr 14, 2025Close92.406Apr 23, 2025Close92.438May 2, 2025Close92.656May 13, 2025Close92.344May 22, 2025Close92.469Jun 3, 2025Close92.656Jun 12, 2025Close92.844Jun 24, 2025Close93.125Jul 3, 2025Close93.063Jul 15, 2025Close93.031Jul 24, 2025Close93.188Aug 4, 2025Close93.719Aug 13, 2025Close93.813Aug 22, 2025Close93.875Sep 3, 2025Close94.063Sep 12, 2025Close94.250Sep 23, 2025Close94.281Oct 2, 2025Close94.406Oct 14, 2025Close94.625Oct 23, 2025Close94.688Nov 3, 2025Close94.563Nov 13, 2025Close94.656Nov 24, 2025Close94.875Dec 4, 2025Close94.938Dec 15, 2025Close95.063Dec 24, 2025Close95.125Jan 6, 2026Close95.313Jan 15, 2026Close95.250Jan 27, 2026Close95.344Feb 5, 2026Close95.563Feb 17, 2026Close95.656Feb 26, 2026Close95.719Mar 9, 2026Close95.625Mar 18, 2026Close95.500Mar 27, 2026Close95.375Apr 7, 2026Close95.594Apr 16, 2026Close95.719Apr 27, 2026Close95.813May 6, 2026Close95.875May 15, 2026Close95.813May 27, 2026Close95.938Jun 5, 2026Close95.906Jun 16, 2026Close96.063Jun 26, 2026Close96.094Jul 8, 2026Close96.094Jul 17, 2026Close96.250Jul 28, 2026Close96.250Aug 6, 2026Close96.406Aug 17, 2026Close96.594Aug 26, 2026Close96.625Sep 4, 2026Close96.656Sep 16, 2026Close96.531Sep 25, 2026Close96.563Oct 6, 2026Close96.750Oct 16, 2026Close96.875Oct 20, 2026Close96.875
The most recent 20 trading days of prices for 91282CAD3.
DateBidOfferClose
Oct 20, 202696.89196.87596.875
Oct 19, 202696.89196.87596.875
Oct 16, 202696.89196.87596.875
Oct 15, 202696.82896.81396.813
Oct 14, 202696.76696.75096.781
Oct 13, 202696.82896.81396.813
Oct 9, 202696.82896.81396.813
Oct 8, 202696.76696.75096.781
Oct 7, 202696.78196.78196.781
Oct 6, 202696.76696.75096.750
Oct 5, 202696.75096.71996.719
Oct 2, 202696.75096.71996.719
Oct 1, 202696.70396.68896.688
Sep 30, 202696.64196.62596.625
Sep 29, 202696.59496.56396.594
Sep 28, 202696.57896.56396.563
Sep 25, 202696.57896.56396.563
Sep 24, 202696.56396.53196.531
Sep 23, 202696.57896.53196.531
Sep 22, 202696.60996.59496.563

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 91282CAD3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 28, 2020Jul 31, 2020New issue$44.0bn$49.0bn2.45x0.446%

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.