Treasury note

91282CBJ9 · 0.75% due January 31, 2028

Original term
7-Year
Maturity
Jan 31, 2028
Coupon
0.750%
Pays
Semi-Annual
Dated
Jan 31, 2021
First coupon
Jul 31, 2021
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$69.77bn
Held stripped
$136.8m
Share stripped
0.20%

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
4.487%
Modified duration
1.350 yr
DV01
0.0128
Convexity
2.487
Dirty price
95.117

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 1.383 years against a modified duration of 1.350.

Against the fitted curve

Priced 1.5 bp cheap to the curve on that day, 1.96 cents per 100 of face.

That is 0.94 standard deviations from its own typical residual.

Yield to maturity, 1,406 observations

0%1%2%3%4%5%Feb 1, 2021Sep 10, 2026Feb 1, 2021Yield to maturity0.759%Mar 18, 2021Yield to maturity1.333%May 3, 2021Yield to maturity1.249%Jun 17, 2021Yield to maturity1.209%Aug 3, 2021Yield to maturity0.879%Sep 17, 2021Yield to maturity1.092%Nov 3, 2021Yield to maturity1.385%Dec 21, 2021Yield to maturity1.354%Feb 7, 2022Yield to maturity1.854%Mar 24, 2022Yield to maturity2.420%May 10, 2022Yield to maturity2.986%Jun 27, 2022Yield to maturity3.303%Aug 11, 2022Yield to maturity3.003%Sep 27, 2022Yield to maturity4.242%Nov 14, 2022Yield to maturity4.024%Dec 30, 2022Yield to maturity4.034%Feb 16, 2023Yield to maturity4.076%Apr 4, 2023Yield to maturity3.435%May 18, 2023Yield to maturity3.747%Jul 6, 2023Yield to maturity4.438%Aug 21, 2023Yield to maturity4.533%Oct 5, 2023Yield to maturity4.737%Nov 21, 2023Yield to maturity4.485%Jan 9, 2024Yield to maturity4.037%Feb 26, 2024Yield to maturity4.400%Apr 10, 2024Yield to maturity4.732%May 24, 2024Yield to maturity4.637%Jul 12, 2024Yield to maturity4.200%Aug 27, 2024Yield to maturity3.721%Oct 11, 2024Yield to maturity3.892%Nov 29, 2024Yield to maturity4.122%Jan 16, 2025Yield to maturity4.308%Mar 5, 2025Yield to maturity4.028%Apr 18, 2025Yield to maturity3.811%Jun 4, 2025Yield to maturity3.862%Jul 22, 2025Yield to maturity3.791%Sep 5, 2025Yield to maturity3.508%Oct 22, 2025Yield to maturity3.446%Dec 9, 2025Yield to maturity3.610%Jan 27, 2026Yield to maturity3.580%Mar 13, 2026Yield to maturity3.739%Apr 28, 2026Yield to maturity3.850%Jun 12, 2026Yield to maturity4.077%Jul 30, 2026Yield to maturity4.225%Sep 10, 2026Yield to maturity4.487%

Price history

1,406 trading days to Sep 10, 2026

82.585.087.590.092.595.097.5100.0Feb 1, 2021Sep 10, 2026Feb 1, 2021Close99.938Mar 18, 2021Close96.188May 3, 2021Close96.781Jun 17, 2021Close97.094Aug 3, 2021Close99.188Sep 17, 2021Close97.906Nov 3, 2021Close96.219Dec 21, 2021Close96.469Feb 7, 2022Close93.781Mar 24, 2022Close90.938May 10, 2022Close88.313Jun 27, 2022Close87.063Aug 11, 2022Close88.719Sep 27, 2022Close83.469Nov 14, 2022Close84.750Dec 30, 2022Close85.063Feb 16, 2023Close85.219Apr 4, 2023Close88.156May 18, 2023Close87.188Jul 6, 2023Close84.906Aug 21, 2023Close84.938Oct 5, 2023Close84.594Nov 21, 2023Close85.875Jan 9, 2024Close87.813Feb 26, 2024Close86.969Apr 10, 2024Close86.281May 24, 2024Close87.000Jul 12, 2024Close88.750Aug 27, 2024Close90.531Oct 11, 2024Close90.375Nov 29, 2024Close90.094Jan 16, 2025Close89.969Mar 5, 2025Close91.094Apr 18, 2025Close92.000Jun 4, 2025Close92.219Jul 22, 2025Close92.750Sep 5, 2025Close93.719Oct 22, 2025Close94.156Dec 9, 2025Close94.156Jan 27, 2026Close94.563Mar 13, 2026Close94.625Apr 28, 2026Close94.781Jun 12, 2026Close94.813Jul 30, 2026Close95.000Sep 10, 2026Close95.031
The most recent 20 trading days of prices for 91282CBJ9.
DateBidOfferClose
Sep 10, 202695.07895.06395.031
Sep 9, 202695.20395.18895.188
Sep 8, 202695.21995.21995.188
Sep 4, 202695.23495.21995.219
Sep 3, 202695.23495.21995.219
Sep 2, 202695.15695.15695.156
Sep 1, 202695.17295.15695.125
Aug 31, 202695.18895.18895.156
Aug 28, 202695.20395.18895.156
Aug 27, 202695.31395.31395.281
Aug 26, 202695.31395.31395.281
Aug 25, 202695.31395.31395.313
Aug 24, 202695.28195.28195.250
Aug 21, 202695.26695.25095.250
Aug 20, 202695.29795.28195.281
Aug 19, 202695.28195.28195.281
Aug 18, 202695.29795.28195.281
Aug 17, 202695.28195.28195.250
Aug 14, 202695.29795.28195.250
Aug 13, 202695.26695.25095.281

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 91282CBJ9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 28, 2021Feb 1, 2021New issue$62.0bn$70.4bn2.30x0.754%

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.