Treasury note

91282CBL4 · 1.125% due February 15, 2031

Original term
10-Year
Maturity
Feb 15, 2031
Coupon
1.125%
Pays
Semi-Annual
Dated
Feb 15, 2021
First coupon
Aug 15, 2021
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$140.06bn
Held stripped
$3.9m
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, November 9, 2026

Yield to maturity
4.643%
Modified duration
4.060 yr
DV01
0.0352
Convexity
0.188
Dirty price
86.797

Where its rate sensitivity sits

<.01
<.01
0.01
0.02
1.54
2.58
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 4.156 years against a modified duration of 4.060.

Against the fitted curve

Priced 3.2 bp rich to the curve on that day, 11.24 cents per 100 of face.

That is 0.09 standard deviations from its own typical residual.

Yield to maturity, 1,435 observations

1%2%3%4%5%6%Feb 16, 2021Nov 9, 2026Feb 16, 2021Yield to maturity1.299%Feb 24, 2021Yield to maturity1.381%Mar 4, 2021Yield to maturity1.540%Mar 12, 2021Yield to maturity1.632%Mar 22, 2021Yield to maturity1.679%Mar 30, 2021Yield to maturity1.719%Apr 7, 2021Yield to maturity1.670%Apr 15, 2021Yield to maturity1.544%Apr 23, 2021Yield to maturity1.567%May 3, 2021Yield to maturity1.614%May 11, 2021Yield to maturity1.622%May 19, 2021Yield to maturity1.673%May 27, 2021Yield to maturity1.602%Jun 7, 2021Yield to maturity1.557%Jun 15, 2021Yield to maturity1.491%Jun 23, 2021Yield to maturity1.484%Jul 1, 2021Yield to maturity1.460%Jul 12, 2021Yield to maturity1.362%Jul 20, 2021Yield to maturity1.208%Jul 28, 2021Yield to maturity1.233%Aug 5, 2021Yield to maturity1.205%Aug 13, 2021Yield to maturity1.269%Aug 23, 2021Yield to maturity1.223%Aug 31, 2021Yield to maturity1.269%Sep 9, 2021Yield to maturity1.266%Sep 17, 2021Yield to maturity1.334%Sep 27, 2021Yield to maturity1.447%Oct 5, 2021Yield to maturity1.495%Oct 14, 2021Yield to maturity1.481%Oct 22, 2021Yield to maturity1.611%Nov 1, 2021Yield to maturity1.542%Nov 9, 2021Yield to maturity1.399%Nov 18, 2021Yield to maturity1.540%Nov 29, 2021Yield to maturity1.475%Dec 7, 2021Yield to maturity1.442%Dec 15, 2021Yield to maturity1.435%Dec 23, 2021Yield to maturity1.451%Jan 3, 2022Yield to maturity1.587%Jan 11, 2022Yield to maturity1.710%Jan 20, 2022Yield to maturity1.804%Jan 28, 2022Yield to maturity1.756%Feb 7, 2022Yield to maturity1.893%Feb 15, 2022Yield to maturity2.046%Feb 24, 2022Yield to maturity1.949%Mar 4, 2022Yield to maturity1.711%Mar 14, 2022Yield to maturity2.130%Mar 22, 2022Yield to maturity2.374%Mar 30, 2022Yield to maturity2.365%Apr 7, 2022Yield to maturity2.671%Apr 18, 2022Yield to maturity2.845%Apr 26, 2022Yield to maturity2.767%May 4, 2022Yield to maturity2.928%May 12, 2022Yield to maturity2.836%May 20, 2022Yield to maturity2.771%May 31, 2022Yield to maturity2.841%Jun 8, 2022Yield to maturity3.019%Jun 16, 2022Yield to maturity3.274%Jun 27, 2022Yield to maturity3.184%Jul 6, 2022Yield to maturity2.914%Jul 14, 2022Yield to maturity2.949%Jul 22, 2022Yield to maturity2.758%Aug 1, 2022Yield to maturity2.564%Aug 9, 2022Yield to maturity2.771%Aug 17, 2022Yield to maturity2.847%Aug 25, 2022Yield to maturity2.996%Sep 2, 2022Yield to maturity3.183%Sep 13, 2022Yield to maturity3.395%Sep 21, 2022Yield to maturity3.506%Sep 29, 2022Yield to maturity3.750%Oct 7, 2022Yield to maturity3.873%Oct 18, 2022Yield to maturity3.960%Oct 26, 2022Yield to maturity3.952%Nov 3, 2022Yield to maturity4.076%Nov 14, 2022Yield to maturity3.808%Nov 22, 2022Yield to maturity3.675%Dec 1, 2022Yield to maturity3.437%Dec 9, 2022Yield to maturity3.493%Dec 19, 2022Yield to maturity3.489%Dec 28, 2022Yield to maturity3.790%Jan 6, 2023Yield to maturity3.455%Jan 17, 2023Yield to maturity3.418%Jan 25, 2023Yield to maturity3.350%Feb 2, 2023Yield to maturity3.282%Feb 10, 2023Yield to maturity3.678%Feb 21, 2023Yield to maturity3.895%Mar 1, 2023Yield to maturity3.975%Mar 9, 2023Yield to maturity3.904%Mar 17, 2023Yield to maturity3.359%Mar 27, 2023Yield to maturity3.475%Apr 4, 2023Yield to maturity3.282%Apr 12, 2023Yield to maturity3.332%Apr 20, 2023Yield to maturity3.469%Apr 28, 2023Yield to maturity3.351%May 8, 2023Yield to maturity3.387%May 16, 2023Yield to maturity3.429%May 24, 2023Yield to maturity3.651%Jun 2, 2023Yield to maturity3.656%Jun 12, 2023Yield to maturity3.704%Jun 21, 2023Yield to maturity3.702%Jun 29, 2023Yield to maturity3.868%Jul 10, 2023Yield to maturity4.007%Jul 18, 2023Yield to maturity3.779%Jul 26, 2023Yield to maturity3.862%Aug 3, 2023Yield to maturity4.141%Aug 11, 2023Yield to maturity4.136%Aug 21, 2023Yield to maturity4.299%Aug 29, 2023Yield to maturity4.081%Sep 7, 2023Yield to maturity4.234%Sep 15, 2023Yield to maturity4.301%Sep 25, 2023Yield to maturity4.504%Oct 3, 2023Yield to maturity4.757%Oct 12, 2023Yield to maturity4.646%Oct 20, 2023Yield to maturity4.852%Oct 30, 2023Yield to maturity4.810%Nov 7, 2023Yield to maturity4.504%Nov 15, 2023Yield to maturity4.479%Nov 24, 2023Yield to maturity4.422%Dec 4, 2023Yield to maturity4.213%Dec 12, 2023Yield to maturity4.154%Dec 20, 2023Yield to maturity3.790%Dec 29, 2023Yield to maturity3.791%Jan 9, 2024Yield to maturity3.928%Jan 18, 2024Yield to maturity4.029%Jan 26, 2024Yield to maturity4.045%Feb 5, 2024Yield to maturity4.089%Feb 13, 2024Yield to maturity4.260%Feb 22, 2024Yield to maturity4.295%Mar 1, 2024Yield to maturity4.148%Mar 11, 2024Yield to maturity4.041%Mar 19, 2024Yield to maturity4.261%Mar 27, 2024Yield to maturity4.141%Apr 5, 2024Yield to maturity4.338%Apr 15, 2024Yield to maturity4.590%Apr 23, 2024Yield to maturity4.570%May 1, 2024Yield to maturity4.587%May 9, 2024Yield to maturity4.408%May 17, 2024Yield to maturity4.379%May 28, 2024Yield to maturity4.525%Jun 5, 2024Yield to maturity4.261%Jun 13, 2024Yield to maturity4.192%Jun 24, 2024Yield to maturity4.218%Jul 2, 2024Yield to maturity4.381%Jul 11, 2024Yield to maturity4.123%Jul 19, 2024Yield to maturity4.172%Jul 29, 2024Yield to maturity4.066%Aug 6, 2024Yield to maturity3.750%Aug 14, 2024Yield to maturity3.681%Aug 22, 2024Yield to maturity3.731%Aug 30, 2024Yield to maturity3.761%Sep 10, 2024Yield to maturity3.482%Sep 18, 2024Yield to maturity3.531%Sep 26, 2024Yield to maturity3.605%Oct 4, 2024Yield to maturity3.834%Oct 15, 2024Yield to maturity3.888%Oct 23, 2024Yield to maturity4.084%Oct 31, 2024Yield to maturity4.163%Nov 8, 2024Yield to maturity4.202%Nov 19, 2024Yield to maturity4.264%Nov 27, 2024Yield to maturity4.129%Dec 6, 2024Yield to maturity4.033%Dec 16, 2024Yield to maturity4.255%Dec 24, 2024Yield to maturity4.462%Jan 3, 2025Yield to maturity4.439%Jan 13, 2025Yield to maturity4.643%Jan 22, 2025Yield to maturity4.457%Jan 30, 2025Yield to maturity4.349%Feb 7, 2025Yield to maturity4.364%Feb 18, 2025Yield to maturity4.423%Feb 26, 2025Yield to maturity4.104%Mar 6, 2025Yield to maturity4.115%Mar 14, 2025Yield to maturity4.135%Mar 24, 2025Yield to maturity4.139%Apr 1, 2025Yield to maturity3.945%Apr 9, 2025Yield to maturity4.101%Apr 17, 2025Yield to maturity4.006%Apr 28, 2025Yield to maturity3.874%May 6, 2025Yield to maturity3.958%May 14, 2025Yield to maturity4.204%May 22, 2025Yield to maturity4.161%Jun 2, 2025Yield to maturity4.068%Jun 10, 2025Yield to maturity4.113%Jun 18, 2025Yield to maturity4.010%Jun 27, 2025Yield to maturity3.867%Jul 8, 2025Yield to maturity4.009%Jul 16, 2025Yield to maturity4.020%Jul 24, 2025Yield to maturity3.997%Aug 1, 2025Yield to maturity3.791%Aug 11, 2025Yield to maturity3.842%Aug 19, 2025Yield to maturity3.839%Aug 27, 2025Yield to maturity3.732%Sep 5, 2025Yield to maturity3.601%Sep 15, 2025Yield to maturity3.611%Sep 23, 2025Yield to maturity3.683%Oct 1, 2025Yield to maturity3.686%Oct 9, 2025Yield to maturity3.731%Oct 20, 2025Yield to maturity3.577%Oct 28, 2025Yield to maturity3.594%Nov 5, 2025Yield to maturity3.752%Nov 14, 2025Yield to maturity3.724%Nov 24, 2025Yield to maturity3.592%Dec 3, 2025Yield to maturity3.611%Dec 11, 2025Yield to maturity3.700%Dec 19, 2025Yield to maturity3.684%Dec 30, 2025Yield to maturity3.660%Jan 8, 2026Yield to maturity3.716%Jan 16, 2026Yield to maturity3.811%Jan 27, 2026Yield to maturity3.815%Feb 4, 2026Yield to maturity3.827%Feb 12, 2026Yield to maturity3.660%Feb 23, 2026Yield to maturity3.572%Mar 3, 2026Yield to maturity3.619%Mar 11, 2026Yield to maturity3.773%Mar 19, 2026Yield to maturity3.875%Mar 27, 2026Yield to maturity4.051%Apr 6, 2026Yield to maturity3.972%Apr 14, 2026Yield to maturity3.853%Apr 22, 2026Yield to maturity3.904%Apr 30, 2026Yield to maturity4.002%May 8, 2026Yield to maturity4.003%May 18, 2026Yield to maturity4.254%May 27, 2026Yield to maturity4.166%Jun 4, 2026Yield to maturity4.164%Jun 12, 2026Yield to maturity4.190%Jun 23, 2026Yield to maturity4.254%Jul 1, 2026Yield to maturity4.212%Jul 10, 2026Yield to maturity4.281%Jul 20, 2026Yield to maturity4.296%Jul 28, 2026Yield to maturity4.336%Aug 5, 2026Yield to maturity4.302%Aug 13, 2026Yield to maturity4.284%Aug 21, 2026Yield to maturity4.395%Aug 31, 2026Yield to maturity4.462%Sep 9, 2026Yield to maturity4.574%Sep 17, 2026Yield to maturity4.772%Sep 25, 2026Yield to maturity4.961%Oct 5, 2026Yield to maturity5.032%Oct 14, 2026Yield to maturity4.974%Oct 22, 2026Yield to maturity4.753%Oct 30, 2026Yield to maturity4.687%Nov 9, 2026Yield to maturity4.643%

Price history

1,435 trading days to Nov 9, 2026

7580859095100Feb 16, 2021Nov 9, 2026Feb 16, 2021Close98.375Feb 24, 2021Close97.625Mar 4, 2021Close96.188Mar 12, 2021Close95.375Mar 22, 2021Close94.969Mar 30, 2021Close94.625Apr 7, 2021Close95.063Apr 15, 2021Close96.188Apr 23, 2021Close96.000May 3, 2021Close95.594May 11, 2021Close95.531May 19, 2021Close95.094May 27, 2021Close95.719Jun 7, 2021Close96.125Jun 15, 2021Close96.719Jun 23, 2021Close96.781Jul 1, 2021Close97.000Jul 12, 2021Close97.875Jul 20, 2021Close99.250Jul 28, 2021Close99.031Aug 5, 2021Close99.281Aug 13, 2021Close98.719Aug 23, 2021Close99.125Aug 31, 2021Close98.719Sep 9, 2021Close98.750Sep 17, 2021Close98.156Sep 27, 2021Close97.188Oct 5, 2021Close96.781Oct 14, 2021Close96.906Oct 22, 2021Close95.813Nov 1, 2021Close96.406Nov 9, 2021Close97.625Nov 18, 2021Close96.438Nov 29, 2021Close97.000Dec 7, 2021Close97.281Dec 15, 2021Close97.344Dec 23, 2021Close97.219Jan 3, 2022Close96.094Jan 11, 2022Close95.094Jan 20, 2022Close94.344Jan 28, 2022Close94.750Feb 7, 2022Close93.656Feb 15, 2022Close92.469Feb 24, 2022Close93.250Mar 4, 2022Close95.156Mar 14, 2022Close91.875Mar 22, 2022Close90.031Mar 30, 2022Close90.125Apr 7, 2022Close87.875Apr 18, 2022Close86.656Apr 26, 2022Close87.250May 4, 2022Close86.125May 12, 2022Close86.813May 20, 2022Close87.313May 31, 2022Close86.844Jun 8, 2022Close85.625Jun 16, 2022Close83.906Jun 27, 2022Close84.563Jul 6, 2022Close86.469Jul 14, 2022Close86.250Jul 22, 2022Close87.625Aug 1, 2022Close89.031Aug 9, 2022Close87.594Aug 17, 2022Close87.094Aug 25, 2022Close86.094Sep 2, 2022Close84.875Sep 13, 2022Close83.500Sep 21, 2022Close82.813Sep 29, 2022Close81.281Oct 7, 2022Close80.563Oct 18, 2022Close80.063Oct 26, 2022Close80.156Nov 3, 2022Close79.438Nov 14, 2022Close81.156Nov 22, 2022Close82.031Dec 1, 2022Close83.594Dec 9, 2022Close83.281Dec 19, 2022Close83.344Dec 28, 2022Close81.500Jan 6, 2023Close83.656Jan 17, 2023Close83.938Jan 25, 2023Close84.406Feb 2, 2023Close84.875Feb 10, 2023Close82.438Feb 21, 2023Close81.156Mar 1, 2023Close80.719Mar 9, 2023Close81.188Mar 17, 2023Close84.594Mar 27, 2023Close83.906Apr 4, 2023Close85.156Apr 12, 2023Close84.875Apr 20, 2023Close84.063Apr 28, 2023Close84.844May 8, 2023Close84.656May 16, 2023Close84.438May 24, 2023Close83.125Jun 2, 2023Close83.156Jun 12, 2023Close82.906Jun 21, 2023Close82.969Jun 29, 2023Close82.031Jul 10, 2023Close81.281Jul 18, 2023Close82.656Jul 26, 2023Close82.219Aug 3, 2023Close80.656Aug 11, 2023Close80.750Aug 21, 2023Close79.875Aug 29, 2023Close81.156Sep 7, 2023Close80.344Sep 15, 2023Close80.031Sep 25, 2023Close78.969Oct 3, 2023Close77.656Oct 12, 2023Close78.313Oct 20, 2023Close77.281Oct 30, 2023Close77.563Nov 7, 2023Close79.250Nov 15, 2023Close79.438Nov 24, 2023Close79.813Dec 4, 2023Close81.000Dec 12, 2023Close81.375Dec 20, 2023Close83.438Dec 29, 2023Close83.500Jan 9, 2024Close82.781Jan 18, 2024Close82.281Jan 26, 2024Close82.250Feb 5, 2024Close82.063Feb 13, 2024Close81.188Feb 22, 2024Close81.063Mar 1, 2024Close81.906Mar 11, 2024Close82.531Mar 19, 2024Close81.406Mar 27, 2024Close82.094Apr 5, 2024Close81.125Apr 15, 2024Close79.875Apr 23, 2024Close80.031May 1, 2024Close80.000May 9, 2024Close80.969May 17, 2024Close81.188May 28, 2024Close80.500Jun 5, 2024Close81.906Jun 13, 2024Close82.313Jun 24, 2024Close82.250Jul 2, 2024Close81.469Jul 11, 2024Close82.844Jul 19, 2024Close82.656Jul 29, 2024Close83.250Aug 6, 2024Close84.938Aug 14, 2024Close85.344Aug 22, 2024Close85.125Aug 30, 2024Close85.031Sep 10, 2024Close86.531Sep 18, 2024Close86.313Sep 26, 2024Close85.969Oct 4, 2024Close84.844Oct 15, 2024Close84.625Oct 23, 2024Close83.688Oct 31, 2024Close83.344Nov 8, 2024Close83.219Nov 19, 2024Close82.969Nov 27, 2024Close83.688Dec 6, 2024Close84.219Dec 16, 2024Close83.188Dec 24, 2024Close82.250Jan 3, 2025Close82.438Jan 13, 2025Close81.531Jan 22, 2025Close82.469Jan 30, 2025Close83.031Feb 7, 2025Close83.031Feb 18, 2025Close82.813Feb 26, 2025Close84.375Mar 6, 2025Close84.375Mar 14, 2025Close84.344Mar 24, 2025Close84.375Apr 1, 2025Close85.344Apr 9, 2025Close84.656Apr 17, 2025Close85.156Apr 28, 2025Close85.844May 6, 2025Close85.500May 14, 2025Close84.406May 22, 2025Close84.656Jun 2, 2025Close85.156Jun 10, 2025Close85.000Jun 18, 2025Close85.531Jun 27, 2025Close86.250Jul 8, 2025Close85.656Jul 16, 2025Close85.656Jul 24, 2025Close85.813Aug 1, 2025Close86.813Aug 11, 2025Close86.625Aug 19, 2025Close86.688Aug 27, 2025Close87.219Sep 5, 2025Close87.875Sep 15, 2025Close87.875Sep 23, 2025Close87.594Oct 1, 2025Close87.625Oct 9, 2025Close87.469Oct 20, 2025Close88.219Oct 28, 2025Close88.188Nov 5, 2025Close87.531Nov 14, 2025Close87.719Nov 24, 2025Close88.344Dec 3, 2025Close88.313Dec 11, 2025Close87.969Dec 19, 2025Close88.094Dec 30, 2025Close88.250Jan 8, 2026Close88.063Jan 16, 2026Close87.719Jan 27, 2026Close87.750Feb 4, 2026Close87.750Feb 12, 2026Close88.500Feb 23, 2026Close88.938Mar 3, 2026Close88.781Mar 11, 2026Close88.188Mar 19, 2026Close87.813Mar 27, 2026Close87.156Apr 6, 2026Close87.531Apr 14, 2026Close88.063Apr 22, 2026Close87.906Apr 30, 2026Close87.563May 8, 2026Close87.625May 18, 2026Close86.688May 27, 2026Close87.094Jun 4, 2026Close87.156Jun 12, 2026Close87.125Jun 23, 2026Close86.938Jul 1, 2026Close87.156Jul 10, 2026Close86.969Jul 20, 2026Close86.969Jul 28, 2026Close86.875Aug 5, 2026Close87.063Aug 13, 2026Close87.188Aug 21, 2026Close86.844Aug 31, 2026Close86.656Sep 9, 2026Close86.313Sep 17, 2026Close85.656Sep 25, 2026Close85.063Oct 5, 2026Close84.875Oct 14, 2026Close85.156Oct 22, 2026Close86.000Oct 30, 2026Close86.313Nov 9, 2026Close86.531
The most recent 20 trading days of prices for 91282CBL4.
DateBidOfferClose
Nov 9, 202686.50086.53186.531
Nov 6, 202686.59486.62586.594
Nov 5, 202686.62586.65686.750
Nov 4, 202686.34486.37586.438
Nov 3, 202686.28186.31386.219
Nov 2, 202686.40686.42286.344
Oct 30, 202686.18886.21986.313
Oct 29, 202686.03186.06386.031
Oct 28, 202685.68885.71985.750
Oct 27, 202685.84485.87585.844
Oct 26, 202685.87585.90685.844
Oct 23, 202685.87585.90685.906
Oct 22, 202685.81385.84486.000
Oct 21, 202685.46985.50085.406
Oct 20, 202685.50085.53185.438
Oct 19, 202685.46985.48485.406
Oct 16, 202685.59485.62585.594
Oct 15, 202685.43885.48485.469
Oct 14, 202684.93884.96985.156
Oct 13, 202685.09485.12585.156

Prices are per 100 of face, from Treasury's own end-of-day file. A dash means that side was not quoted that day, which is almost always the offer and almost always near maturity: a holder of a bill days from paying par has little reason to sell it.

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 91282CBL4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 10, 2021Feb 16, 2021New issue$41.0bn$55.9bn2.37x1.155%
Mar 10, 2021Mar 15, 2021Reopening$38.0bn$40.4bn2.38x1.523%
Apr 12, 2021Apr 15, 2021Reopening$38.0bn$43.8bn2.36x1.680%

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.