Treasury note

91282CBB6 · 0.625% due December 31, 2027

Original term
7-Year
Maturity
Dec 31, 2027
Coupon
0.625%
Pays
Semi-Annual
Dated
Dec 31, 2020
First coupon
Jun 30, 2021
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$67.19bn
Held stripped
$12.5m
Share stripped
0.02%

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 10, 2026

Yield to maturity
4.471%
Modified duration
1.268 yr
DV01
0.0121
Convexity
2.233
Dirty price
95.311

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 4 of twelve buckets, summing to 1.299 years against a modified duration of 1.268.

Against the fitted curve

Priced 2.2 bp cheap to the curve on that day, 2.70 cents per 100 of face.

That is 1.36 standard deviations from its own typical residual.

Yield to maturity, 1,426 observations

0%1%2%3%4%5%Dec 31, 2020Sep 10, 2026Dec 31, 2020Yield to maturity0.648%Feb 19, 2021Yield to maturity0.965%Apr 7, 2021Yield to maturity1.296%May 24, 2021Yield to maturity1.203%Jul 12, 2021Yield to maturity1.056%Aug 26, 2021Yield to maturity1.044%Oct 14, 2021Yield to maturity1.249%Dec 2, 2021Yield to maturity1.312%Jan 20, 2022Yield to maturity1.719%Mar 9, 2022Yield to maturity1.921%Apr 26, 2022Yield to maturity2.819%Jun 13, 2022Yield to maturity3.596%Aug 1, 2022Yield to maturity2.699%Sep 16, 2022Yield to maturity3.649%Nov 3, 2022Yield to maturity4.379%Dec 22, 2022Yield to maturity3.826%Feb 10, 2023Yield to maturity3.943%Mar 30, 2023Yield to maturity3.722%May 16, 2023Yield to maturity3.568%Jul 5, 2023Yield to maturity4.343%Aug 21, 2023Yield to maturity4.539%Oct 6, 2023Yield to maturity4.798%Nov 24, 2023Yield to maturity4.576%Jan 12, 2024Yield to maturity3.884%Mar 1, 2024Yield to maturity4.255%Apr 17, 2024Yield to maturity4.728%Jun 4, 2024Yield to maturity4.483%Jul 23, 2024Yield to maturity4.238%Sep 9, 2024Yield to maturity3.524%Oct 25, 2024Yield to maturity4.079%Dec 13, 2024Yield to maturity4.242%Feb 3, 2025Yield to maturity4.302%Mar 21, 2025Yield to maturity3.941%May 7, 2025Yield to maturity3.780%Jun 25, 2025Yield to maturity3.770%Aug 12, 2025Yield to maturity3.711%Sep 29, 2025Yield to maturity3.645%Nov 17, 2025Yield to maturity3.626%Jan 6, 2026Yield to maturity3.490%Feb 24, 2026Yield to maturity3.463%Apr 10, 2026Yield to maturity3.835%May 28, 2026Yield to maturity4.008%Jul 16, 2026Yield to maturity4.137%Sep 1, 2026Yield to maturity4.349%Sep 10, 2026Yield to maturity4.471%

Price history

1,426 trading days to Sep 10, 2026

80859095100Dec 31, 2020Sep 10, 2026Dec 31, 2020Close99.844Feb 19, 2021Close97.750Apr 7, 2021Close95.688May 24, 2021Close96.344Jul 12, 2021Close97.313Aug 26, 2021Close97.438Oct 14, 2021Close96.281Dec 2, 2021Close96.000Jan 20, 2022Close93.844Mar 9, 2022Close92.906Apr 26, 2022Close88.563Jun 13, 2022Close85.188Aug 1, 2022Close89.625Sep 16, 2022Close85.594Nov 3, 2022Close82.844Dec 22, 2022Close85.500Feb 10, 2023Close85.406Mar 30, 2023Close86.625May 16, 2023Close87.563Jul 5, 2023Close85.000Aug 21, 2023Close84.688Oct 6, 2023Close84.219Nov 24, 2023Close85.406Jan 12, 2024Close88.156Mar 1, 2024Close87.313Apr 17, 2024Close86.219Jun 4, 2024Close87.406Jul 23, 2024Close88.563Sep 9, 2024Close91.031Oct 25, 2024Close89.813Dec 13, 2024Close89.781Feb 3, 2025Close90.063Mar 21, 2025Close91.375May 7, 2025Close92.125Jun 25, 2025Close92.531Aug 12, 2025Close93.031Sep 29, 2025Close93.531Nov 17, 2025Close93.938Jan 6, 2026Close94.563Feb 24, 2026Close94.969Apr 10, 2026Close94.719May 28, 2026Close94.844Jul 16, 2026Close95.094Sep 1, 2026Close95.250Sep 10, 2026Close95.188
The most recent 20 trading days of prices for 91282CBB6.
DateBidOfferClose
Sep 10, 202695.23495.21995.188
Sep 9, 202695.32895.31395.344
Sep 8, 202695.35995.34495.344
Sep 4, 202695.35995.34495.344
Sep 3, 202695.37595.37595.344
Sep 2, 202695.29795.28195.281
Sep 1, 202695.29795.28195.250
Aug 31, 202695.32895.31395.313
Aug 28, 202695.32895.31395.281
Aug 27, 202695.43895.43895.406
Aug 26, 202695.42295.40695.406
Aug 25, 202695.43895.43895.438
Aug 24, 202695.39195.37595.375
Aug 21, 202695.35995.34495.375
Aug 20, 202695.42295.40695.406
Aug 19, 202695.39195.37595.406
Aug 18, 202695.40695.40695.375
Aug 17, 202695.40695.40695.375
Aug 14, 202695.42295.40695.375
Aug 13, 202695.39195.37595.375

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.

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 91282CBB6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 29, 2020Dec 31, 2020New issue$59.0bn$68.0bn2.31x0.662%

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.