Treasury note

91282CCE9 · 1.25% due May 31, 2028

Original term
7-Year
Maturity
May 31, 2028
Coupon
1.250%
Pays
Semi-Annual
Dated
May 31, 2021
First coupon
Nov 30, 2021
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$73.21bn
Held stripped
$72.0m
Share stripped
0.10%

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
4.532%
Modified duration
1.501 yr
DV01
0.0144
Convexity
0.0301
Dirty price
95.682

Where its rate sensitivity sits

<.01
0.69
0.85
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 3 of twelve buckets, summing to 1.536 years against a modified duration of 1.501.

Against the fitted curve

Priced 0.5 bp cheap to the curve on that day, 0.74 cents per 100 of face.

That is 0.70 standard deviations from its own typical residual.

Yield to maturity, 1,361 observations

0%1%2%3%4%5%Jun 1, 2021Nov 9, 2026Jun 1, 2021Yield to maturity1.278%Jun 9, 2021Yield to maturity1.166%Jun 17, 2021Yield to maturity1.259%Jun 25, 2021Yield to maturity1.274%Jul 6, 2021Yield to maturity1.113%Jul 14, 2021Yield to maturity1.094%Jul 22, 2021Yield to maturity0.995%Jul 30, 2021Yield to maturity0.975%Aug 9, 2021Yield to maturity1.064%Aug 17, 2021Yield to maturity1.016%Aug 25, 2021Yield to maturity1.096%Sep 2, 2021Yield to maturity1.033%Sep 13, 2021Yield to maturity1.066%Sep 21, 2021Yield to maturity1.085%Sep 29, 2021Yield to maturity1.299%Oct 7, 2021Yield to maturity1.309%Oct 18, 2021Yield to maturity1.389%Oct 26, 2021Yield to maturity1.424%Nov 3, 2021Yield to maturity1.415%Nov 12, 2021Yield to maturity1.436%Nov 22, 2021Yield to maturity1.513%Dec 1, 2021Yield to maturity1.310%Dec 9, 2021Yield to maturity1.392%Dec 17, 2021Yield to maturity1.316%Dec 28, 2021Yield to maturity1.388%Jan 5, 2022Yield to maturity1.585%Jan 13, 2022Yield to maturity1.602%Jan 24, 2022Yield to maturity1.672%Feb 1, 2022Yield to maturity1.753%Feb 9, 2022Yield to maturity1.916%Feb 17, 2022Yield to maturity1.946%Feb 28, 2022Yield to maturity1.797%Mar 8, 2022Yield to maturity1.864%Mar 16, 2022Yield to maturity2.236%Mar 24, 2022Yield to maturity2.426%Apr 1, 2022Yield to maturity2.558%Apr 11, 2022Yield to maturity2.854%Apr 20, 2022Yield to maturity2.914%Apr 28, 2022Yield to maturity2.913%May 6, 2022Yield to maturity3.143%May 16, 2022Yield to maturity2.903%May 24, 2022Yield to maturity2.819%Jun 2, 2022Yield to maturity2.982%Jun 10, 2022Yield to maturity3.290%Jun 21, 2022Yield to maturity3.436%Jun 29, 2022Yield to maturity3.218%Jul 8, 2022Yield to maturity3.197%Jul 18, 2022Yield to maturity3.104%Jul 26, 2022Yield to maturity2.943%Aug 3, 2022Yield to maturity2.887%Aug 11, 2022Yield to maturity3.012%Aug 19, 2022Yield to maturity3.133%Aug 29, 2022Yield to maturity3.312%Sep 7, 2022Yield to maturity3.417%Sep 15, 2022Yield to maturity3.674%Sep 23, 2022Yield to maturity3.966%Oct 3, 2022Yield to maturity3.922%Oct 12, 2022Yield to maturity4.158%Oct 20, 2022Yield to maturity4.482%Oct 28, 2022Yield to maturity4.225%Nov 7, 2022Yield to maturity4.418%Nov 16, 2022Yield to maturity3.848%Nov 25, 2022Yield to maturity3.883%Dec 5, 2022Yield to maturity3.824%Dec 13, 2022Yield to maturity3.676%Dec 21, 2022Yield to maturity3.816%Dec 30, 2022Yield to maturity4.035%Jan 10, 2023Yield to maturity3.744%Jan 19, 2023Yield to maturity3.499%Jan 27, 2023Yield to maturity3.642%Feb 6, 2023Yield to maturity3.813%Feb 14, 2023Yield to maturity4.009%Feb 23, 2023Yield to maturity4.122%Mar 3, 2023Yield to maturity4.268%Mar 13, 2023Yield to maturity3.702%Mar 21, 2023Yield to maturity3.784%Mar 29, 2023Yield to maturity3.729%Apr 6, 2023Yield to maturity3.411%Apr 14, 2023Yield to maturity3.637%Apr 24, 2023Yield to maturity3.633%May 2, 2023Yield to maturity3.498%May 10, 2023Yield to maturity3.421%May 18, 2023Yield to maturity3.729%May 26, 2023Yield to maturity3.997%Jun 6, 2023Yield to maturity3.903%Jun 14, 2023Yield to maturity4.104%Jun 23, 2023Yield to maturity4.037%Jul 3, 2023Yield to maturity4.219%Jul 12, 2023Yield to maturity4.109%Jul 20, 2023Yield to maturity4.113%Jul 28, 2023Yield to maturity4.238%Aug 7, 2023Yield to maturity4.204%Aug 15, 2023Yield to maturity4.407%Aug 23, 2023Yield to maturity4.413%Aug 31, 2023Yield to maturity4.300%Sep 11, 2023Yield to maturity4.463%Sep 19, 2023Yield to maturity4.583%Sep 27, 2023Yield to maturity4.746%Oct 5, 2023Yield to maturity4.738%Oct 16, 2023Yield to maturity4.768%Oct 24, 2023Yield to maturity4.860%Nov 1, 2023Yield to maturity4.726%Nov 9, 2023Yield to maturity4.706%Nov 17, 2023Yield to maturity4.502%Nov 28, 2023Yield to maturity4.361%Dec 6, 2023Yield to maturity4.192%Dec 14, 2023Yield to maturity3.974%Dec 22, 2023Yield to maturity3.934%Jan 3, 2024Yield to maturity3.948%Jan 11, 2024Yield to maturity3.953%Jan 22, 2024Yield to maturity4.056%Jan 30, 2024Yield to maturity4.044%Feb 7, 2024Yield to maturity4.101%Feb 15, 2024Yield to maturity4.279%Feb 26, 2024Yield to maturity4.378%Mar 5, 2024Yield to maturity4.201%Mar 13, 2024Yield to maturity4.269%Mar 21, 2024Yield to maturity4.338%Apr 1, 2024Yield to maturity4.413%Apr 9, 2024Yield to maturity4.456%Apr 17, 2024Yield to maturity4.700%Apr 25, 2024Yield to maturity4.782%May 3, 2024Yield to maturity4.557%May 13, 2024Yield to maturity4.575%May 21, 2024Yield to maturity4.509%May 30, 2024Yield to maturity4.659%Jun 7, 2024Yield to maturity4.542%Jun 17, 2024Yield to maturity4.401%Jun 26, 2024Yield to maturity4.439%Jul 5, 2024Yield to maturity4.312%Jul 15, 2024Yield to maturity4.197%Jul 23, 2024Yield to maturity4.213%Jul 31, 2024Yield to maturity4.040%Aug 8, 2024Yield to maturity3.876%Aug 16, 2024Yield to maturity3.838%Aug 26, 2024Yield to maturity3.730%Sep 4, 2024Yield to maturity3.613%Sep 12, 2024Yield to maturity3.503%Sep 20, 2024Yield to maturity3.500%Sep 30, 2024Yield to maturity3.609%Oct 8, 2024Yield to maturity3.906%Oct 17, 2024Yield to maturity3.924%Oct 25, 2024Yield to maturity4.084%Nov 4, 2024Yield to maturity4.181%Nov 13, 2024Yield to maturity4.303%Nov 21, 2024Yield to maturity4.322%Dec 2, 2024Yield to maturity4.142%Dec 10, 2024Yield to maturity4.119%Dec 18, 2024Yield to maturity4.387%Dec 27, 2024Yield to maturity4.425%Jan 7, 2025Yield to maturity4.394%Jan 15, 2025Yield to maturity4.393%Jan 24, 2025Yield to maturity4.367%Feb 3, 2025Yield to maturity4.312%Feb 11, 2025Yield to maturity4.332%Feb 20, 2025Yield to maturity4.300%Feb 28, 2025Yield to maturity4.007%Mar 10, 2025Yield to maturity3.938%Mar 18, 2025Yield to maturity4.045%Mar 26, 2025Yield to maturity4.030%Apr 3, 2025Yield to maturity3.704%Apr 11, 2025Yield to maturity4.029%Apr 22, 2025Yield to maturity3.858%Apr 30, 2025Yield to maturity3.605%May 8, 2025Yield to maturity3.906%May 16, 2025Yield to maturity3.977%May 27, 2025Yield to maturity3.940%Jun 4, 2025Yield to maturity3.843%Jun 12, 2025Yield to maturity3.885%Jun 23, 2025Yield to maturity3.817%Jul 1, 2025Yield to maturity3.764%Jul 10, 2025Yield to maturity3.845%Jul 18, 2025Yield to maturity3.845%Jul 28, 2025Yield to maturity3.877%Aug 5, 2025Yield to maturity3.676%Aug 13, 2025Yield to maturity3.658%Aug 21, 2025Yield to maturity3.751%Aug 29, 2025Yield to maturity3.590%Sep 9, 2025Yield to maturity3.520%Sep 17, 2025Yield to maturity3.526%Sep 25, 2025Yield to maturity3.672%Oct 3, 2025Yield to maturity3.593%Oct 14, 2025Yield to maturity3.485%Oct 22, 2025Yield to maturity3.451%Oct 30, 2025Yield to maturity3.615%Nov 7, 2025Yield to maturity3.560%Nov 18, 2025Yield to maturity3.582%Nov 26, 2025Yield to maturity3.483%Dec 5, 2025Yield to maturity3.576%Dec 15, 2025Yield to maturity3.541%Dec 23, 2025Yield to maturity3.561%Jan 2, 2026Yield to maturity3.522%Jan 12, 2026Yield to maturity3.571%Jan 21, 2026Yield to maturity3.624%Jan 29, 2026Yield to maturity3.588%Feb 6, 2026Yield to maturity3.527%Feb 17, 2026Yield to maturity3.448%Feb 25, 2026Yield to maturity3.469%Mar 5, 2026Yield to maturity3.581%Mar 13, 2026Yield to maturity3.748%Mar 23, 2026Yield to maturity3.851%Mar 31, 2026Yield to maturity3.814%Apr 8, 2026Yield to maturity3.809%Apr 16, 2026Yield to maturity3.803%Apr 24, 2026Yield to maturity3.788%May 4, 2026Yield to maturity3.962%May 12, 2026Yield to maturity4.008%May 20, 2026Yield to maturity4.054%May 29, 2026Yield to maturity4.029%Jun 8, 2026Yield to maturity4.162%Jun 16, 2026Yield to maturity4.073%Jun 25, 2026Yield to maturity4.126%Jul 6, 2026Yield to maturity4.135%Jul 14, 2026Yield to maturity4.205%Jul 22, 2026Yield to maturity4.313%Jul 30, 2026Yield to maturity4.238%Aug 7, 2026Yield to maturity4.189%Aug 17, 2026Yield to maturity4.168%Aug 25, 2026Yield to maturity4.185%Sep 2, 2026Yield to maturity4.377%Sep 11, 2026Yield to maturity4.611%Sep 21, 2026Yield to maturity4.735%Sep 29, 2026Yield to maturity4.842%Oct 7, 2026Yield to maturity4.724%Oct 16, 2026Yield to maturity4.683%Oct 26, 2026Yield to maturity4.688%Nov 3, 2026Yield to maturity4.584%Nov 9, 2026Yield to maturity4.532%

Price history

1,361 trading days to Nov 9, 2026

80859095100105Jun 1, 2021Nov 9, 2026Jun 1, 2021Close99.813Jun 9, 2021Close100.563Jun 17, 2021Close99.938Jun 25, 2021Close99.844Jul 6, 2021Close100.906Jul 14, 2021Close101.031Jul 22, 2021Close101.688Jul 30, 2021Close101.813Aug 9, 2021Close101.219Aug 17, 2021Close101.531Aug 25, 2021Close101.000Sep 2, 2021Close101.406Sep 13, 2021Close101.188Sep 21, 2021Close101.063Sep 29, 2021Close99.688Oct 7, 2021Close99.625Oct 18, 2021Close99.125Oct 26, 2021Close98.906Nov 3, 2021Close98.969Nov 12, 2021Close98.844Nov 22, 2021Close98.375Dec 1, 2021Close99.625Dec 9, 2021Close99.125Dec 17, 2021Close99.594Dec 28, 2021Close99.156Jan 5, 2022Close97.969Jan 13, 2022Close97.875Jan 24, 2022Close97.469Feb 1, 2022Close97.000Feb 9, 2022Close96.063Feb 17, 2022Close95.906Feb 28, 2022Close96.781Mar 8, 2022Close96.406Mar 16, 2022Close94.313Mar 24, 2022Close93.281Apr 1, 2022Close92.594Apr 11, 2022Close91.031Apr 20, 2022Close90.750Apr 28, 2022Close90.781May 6, 2022Close89.625May 16, 2022Close90.906May 24, 2022Close91.375Jun 2, 2022Close90.563Jun 10, 2022Close89.031Jun 21, 2022Close88.344Jun 29, 2022Close89.469Jul 8, 2022Close89.625Jul 18, 2022Close90.125Jul 26, 2022Close90.969Aug 3, 2022Close91.281Aug 11, 2022Close90.688Aug 19, 2022Close90.125Aug 29, 2022Close89.281Sep 7, 2022Close88.813Sep 15, 2022Close87.625Sep 23, 2022Close86.313Oct 3, 2022Close86.563Oct 12, 2022Close85.531Oct 20, 2022Close84.125Oct 28, 2022Close85.344Nov 7, 2022Close84.531Nov 16, 2022Close87.156Nov 25, 2022Close87.063Dec 5, 2022Close87.375Dec 13, 2022Close88.094Dec 21, 2022Close87.500Dec 30, 2022Close86.594Jan 10, 2023Close87.938Jan 19, 2023Close89.094Jan 27, 2023Close88.500Feb 6, 2023Close87.781Feb 14, 2023Close86.969Feb 23, 2023Close86.531Mar 3, 2023Close85.969Mar 13, 2023Close88.469Mar 21, 2023Close88.156Mar 29, 2023Close88.438Apr 6, 2023Close89.875Apr 14, 2023Close88.938Apr 24, 2023Close89.000May 2, 2023Close89.625May 10, 2023Close90.000May 18, 2023Close88.719May 26, 2023Close87.656Jun 6, 2023Close88.094Jun 14, 2023Close87.313Jun 23, 2023Close87.656Jul 3, 2023Close86.969Jul 12, 2023Close87.469Jul 20, 2023Close87.500Jul 28, 2023Close87.063Aug 7, 2023Close87.250Aug 15, 2023Close86.500Aug 23, 2023Close86.531Aug 31, 2023Close87.031Sep 11, 2023Close86.469Sep 19, 2023Close86.063Sep 27, 2023Close85.500Oct 5, 2023Close85.594Oct 16, 2023Close85.563Oct 24, 2023Close85.281Nov 1, 2023Close85.844Nov 9, 2023Close86.000Nov 17, 2023Close86.813Nov 28, 2023Close87.406Dec 6, 2023Close88.094Dec 14, 2023Close88.969Dec 22, 2023Close89.188Jan 3, 2024Close89.188Jan 11, 2024Close89.219Jan 22, 2024Close88.906Jan 30, 2024Close89.000Feb 7, 2024Close88.844Feb 15, 2024Close88.250Feb 26, 2024Close87.969Mar 5, 2024Close88.656Mar 13, 2024Close88.469Mar 21, 2024Close88.281Apr 1, 2024Close88.094Apr 9, 2024Close88.000Apr 17, 2024Close87.219Apr 25, 2024Close87.000May 3, 2024Close87.844May 13, 2024Close87.844May 21, 2024Close88.125May 30, 2024Close87.688Jun 7, 2024Close88.156Jun 17, 2024Close88.688Jun 26, 2024Close88.625Jul 5, 2024Close89.125Jul 15, 2024Close89.563Jul 23, 2024Close89.563Jul 31, 2024Close90.188Aug 8, 2024Close90.781Aug 16, 2024Close90.969Aug 26, 2024Close91.375Sep 4, 2024Close91.813Sep 12, 2024Close92.219Sep 20, 2024Close92.281Sep 30, 2024Close91.969Oct 8, 2024Close91.063Oct 17, 2024Close91.063Oct 25, 2024Close90.625Nov 4, 2024Close90.375Nov 13, 2024Close90.063Nov 21, 2024Close90.063Dec 2, 2024Close90.688Dec 10, 2024Close90.813Dec 18, 2024Close90.063Dec 27, 2024Close90.031Jan 7, 2025Close90.188Jan 15, 2025Close90.250Jan 24, 2025Close90.406Feb 3, 2025Close90.625Feb 11, 2025Close90.625Feb 20, 2025Close90.781Feb 28, 2025Close91.688Mar 10, 2025Close91.938Mar 18, 2025Close91.688Mar 26, 2025Close91.781Apr 3, 2025Close92.750Apr 11, 2025Close91.906Apr 22, 2025Close92.438Apr 30, 2025Close93.188May 8, 2025Close92.406May 16, 2025Close92.281May 27, 2025Close92.438Jun 4, 2025Close92.750Jun 12, 2025Close92.688Jun 23, 2025Close92.938Jul 1, 2025Close93.125Jul 10, 2025Close92.969Jul 18, 2025Close93.031Jul 28, 2025Close93.000Aug 5, 2025Close93.563Aug 13, 2025Close93.656Aug 21, 2025Close93.469Aug 29, 2025Close93.938Sep 9, 2025Close94.156Sep 17, 2025Close94.188Sep 25, 2025Close93.875Oct 3, 2025Close94.125Oct 14, 2025Close94.438Oct 22, 2025Close94.563Oct 30, 2025Close94.219Nov 7, 2025Close94.406Nov 18, 2025Close94.406Nov 26, 2025Close94.688Dec 5, 2025Close94.531Dec 15, 2025Close94.656Dec 23, 2025Close94.656Jan 2, 2026Close94.813Jan 12, 2026Close94.750Jan 21, 2026Close94.688Jan 29, 2026Close94.813Feb 6, 2026Close95.000Feb 17, 2026Close95.219Feb 25, 2026Close95.219Mar 5, 2026Close95.031Mar 13, 2026Close94.750Mar 23, 2026Close94.594Mar 31, 2026Close94.719Apr 8, 2026Close94.781Apr 16, 2026Close94.844Apr 24, 2026Close94.938May 4, 2026Close94.656May 12, 2026Close94.625May 20, 2026Close94.594May 29, 2026Close94.719Jun 8, 2026Close94.531Jun 16, 2026Close94.750Jun 25, 2026Close94.719Jul 6, 2026Close94.781Jul 14, 2026Close94.719Jul 22, 2026Close94.594Jul 30, 2026Close94.781Aug 7, 2026Close94.938Aug 17, 2026Close95.031Aug 25, 2026Close95.063Sep 2, 2026Close94.813Sep 11, 2026Close94.531Sep 21, 2026Close94.406Sep 29, 2026Close94.313Oct 7, 2026Close94.563Oct 16, 2026Close94.719Oct 26, 2026Close94.781Nov 3, 2026Close95.000Nov 9, 2026Close95.125
The most recent 20 trading days of prices for 91282CCE9.
DateBidOfferClose
Nov 9, 202695.12595.12595.125
Nov 6, 202695.15695.17295.156
Nov 5, 202695.12595.14195.219
Nov 4, 202695.00095.01695.031
Nov 3, 202695.00095.01695.000
Nov 2, 202695.03195.03195.000
Oct 30, 202694.96994.98495.031
Oct 29, 202694.90694.92294.906
Oct 28, 202694.71994.73494.813
Oct 27, 202694.78194.79794.781
Oct 26, 202694.81394.81394.781
Oct 23, 202694.81394.82894.844
Oct 22, 202694.78194.79794.844
Oct 21, 202694.65694.67294.625
Oct 20, 202694.65694.67294.656
Oct 19, 202694.65694.67294.656
Oct 16, 202694.71994.73494.719
Oct 15, 202694.62594.64194.625
Oct 14, 202694.46994.48494.563
Oct 13, 202694.53194.54794.563

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.

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 91282CCE9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 27, 2021Jun 1, 2021New issue$62.0bn$74.0bn2.41x1.285%

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.