Treasury note

91282CCH2 · 1.25% due June 30, 2028

Original term
7-Year
Maturity
Jun 30, 2028
Coupon
1.250%
Pays
Semi-Annual
Dated
Jun 30, 2021
First coupon
Dec 31, 2021
Priced through
Nov 10, 2026
Analyzed through
Nov 10, 2026

Statement of October 31, 2026

Amount outstanding
$70.83bn
Held stripped
$192.6m
Share stripped
0.27%

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 10, 2026

Yield to maturity
4.728%
Modified duration
1.577 yr
DV01
0.0150
Convexity
0.0328
Dirty price
95.052

Where its rate sensitivity sits

<.01
<.01
0.60
1.01
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 1.612 years against a modified duration of 1.577.

Against the fitted curve

Priced 2.0 bp cheap to the curve on that day, 2.95 cents per 100 of face.

That is 2.29 standard deviations from its own typical residual.

Yield to maturity, 1,341 observations

0%1%2%3%4%5%Jun 30, 2021Nov 10, 2026Jun 30, 2021Yield to maturity1.213%Jul 9, 2021Yield to maturity1.114%Jul 19, 2021Yield to maturity0.961%Jul 27, 2021Yield to maturity0.997%Aug 4, 2021Yield to maturity0.945%Aug 12, 2021Yield to maturity1.117%Aug 20, 2021Yield to maturity1.042%Aug 30, 2021Yield to maturity1.046%Sep 8, 2021Yield to maturity1.083%Sep 16, 2021Yield to maturity1.111%Sep 24, 2021Yield to maturity1.240%Oct 4, 2021Yield to maturity1.245%Oct 13, 2021Yield to maturity1.348%Oct 21, 2021Yield to maturity1.481%Oct 29, 2021Yield to maturity1.423%Nov 8, 2021Yield to maturity1.354%Nov 17, 2021Yield to maturity1.459%Nov 26, 2021Yield to maturity1.364%Dec 6, 2021Yield to maturity1.355%Dec 14, 2021Yield to maturity1.370%Dec 22, 2021Yield to maturity1.376%Dec 31, 2021Yield to maturity1.412%Jan 10, 2022Yield to maturity1.685%Jan 19, 2022Yield to maturity1.765%Jan 27, 2022Yield to maturity1.777%Feb 4, 2022Yield to maturity1.891%Feb 14, 2022Yield to maturity1.995%Feb 23, 2022Yield to maturity1.976%Mar 3, 2022Yield to maturity1.822%Mar 11, 2022Yield to maturity2.020%Mar 21, 2022Yield to maturity2.387%Mar 29, 2022Yield to maturity2.527%Apr 6, 2022Yield to maturity2.731%Apr 14, 2022Yield to maturity2.864%Apr 25, 2022Yield to maturity2.884%May 3, 2022Yield to maturity3.067%May 11, 2022Yield to maturity2.960%May 19, 2022Yield to maturity2.895%May 27, 2022Yield to maturity2.796%Jun 7, 2022Yield to maturity3.053%Jun 15, 2022Yield to maturity3.426%Jun 24, 2022Yield to maturity3.233%Jul 5, 2022Yield to maturity2.893%Jul 13, 2022Yield to maturity3.057%Jul 21, 2022Yield to maturity3.045%Jul 29, 2022Yield to maturity2.754%Aug 8, 2022Yield to maturity2.930%Aug 16, 2022Yield to maturity2.985%Aug 24, 2022Yield to maturity3.266%Sep 1, 2022Yield to maturity3.445%Sep 12, 2022Yield to maturity3.508%Sep 20, 2022Yield to maturity3.763%Sep 28, 2022Yield to maturity3.945%Oct 6, 2022Yield to maturity4.069%Oct 17, 2022Yield to maturity4.273%Oct 25, 2022Yield to maturity4.271%Nov 2, 2022Yield to maturity4.323%Nov 10, 2022Yield to maturity3.976%Nov 21, 2022Yield to maturity4.013%Nov 30, 2022Yield to maturity3.854%Dec 8, 2022Yield to maturity3.722%Dec 16, 2022Yield to maturity3.632%Dec 27, 2022Yield to maturity3.971%Jan 5, 2023Yield to maturity3.907%Jan 13, 2023Yield to maturity3.618%Jan 24, 2023Yield to maturity3.580%Feb 1, 2023Yield to maturity3.486%Feb 9, 2023Yield to maturity3.869%Feb 17, 2023Yield to maturity4.024%Feb 28, 2023Yield to maturity4.178%Mar 8, 2023Yield to maturity4.335%Mar 16, 2023Yield to maturity3.766%Mar 24, 2023Yield to maturity3.470%Apr 3, 2023Yield to maturity3.556%Apr 11, 2023Yield to maturity3.572%Apr 19, 2023Yield to maturity3.739%Apr 27, 2023Yield to maturity3.642%May 5, 2023Yield to maturity3.454%May 15, 2023Yield to maturity3.499%May 23, 2023Yield to maturity3.798%Jun 1, 2023Yield to maturity3.752%Jun 9, 2023Yield to maturity3.964%Jun 20, 2023Yield to maturity4.007%Jun 28, 2023Yield to maturity4.004%Jul 7, 2023Yield to maturity4.378%Jul 17, 2023Yield to maturity4.040%Jul 25, 2023Yield to maturity4.204%Aug 2, 2023Yield to maturity4.271%Aug 10, 2023Yield to maturity4.245%Aug 18, 2023Yield to maturity4.426%Aug 28, 2023Yield to maturity4.432%Sep 6, 2023Yield to maturity4.495%Sep 14, 2023Yield to maturity4.478%Sep 22, 2023Yield to maturity4.624%Oct 2, 2023Yield to maturity4.769%Oct 11, 2023Yield to maturity4.640%Oct 19, 2023Yield to maturity4.993%Oct 27, 2023Yield to maturity4.807%Nov 6, 2023Yield to maturity4.650%Nov 14, 2023Yield to maturity4.468%Nov 22, 2023Yield to maturity4.484%Dec 1, 2023Yield to maturity4.207%Dec 11, 2023Yield to maturity4.311%Dec 19, 2023Yield to maturity4.005%Dec 28, 2023Yield to maturity3.898%Jan 8, 2024Yield to maturity4.005%Jan 17, 2024Yield to maturity4.045%Jan 25, 2024Yield to maturity4.059%Feb 2, 2024Yield to maturity4.042%Feb 12, 2024Yield to maturity4.174%Feb 21, 2024Yield to maturity4.352%Feb 29, 2024Yield to maturity4.325%Mar 8, 2024Yield to maturity4.129%Mar 18, 2024Yield to maturity4.420%Mar 26, 2024Yield to maturity4.297%Apr 4, 2024Yield to maturity4.358%Apr 12, 2024Yield to maturity4.618%Apr 22, 2024Yield to maturity4.725%Apr 30, 2024Yield to maturity4.797%May 8, 2024Yield to maturity4.571%May 16, 2024Yield to maturity4.470%May 24, 2024Yield to maturity4.603%Jun 4, 2024Yield to maturity4.438%Jun 12, 2024Yield to maturity4.409%Jun 21, 2024Yield to maturity4.359%Jul 1, 2024Yield to maturity4.524%Jul 10, 2024Yield to maturity4.321%Jul 18, 2024Yield to maturity4.180%Jul 26, 2024Yield to maturity4.144%Aug 5, 2024Yield to maturity3.670%Aug 13, 2024Yield to maturity3.729%Aug 21, 2024Yield to maturity3.715%Aug 29, 2024Yield to maturity3.738%Sep 9, 2024Yield to maturity3.524%Sep 17, 2024Yield to maturity3.471%Sep 25, 2024Yield to maturity3.531%Oct 3, 2024Yield to maturity3.648%Oct 11, 2024Yield to maturity3.897%Oct 22, 2024Yield to maturity4.010%Oct 30, 2024Yield to maturity4.164%Nov 7, 2024Yield to maturity4.191%Nov 18, 2024Yield to maturity4.295%Nov 26, 2024Yield to maturity4.232%Dec 5, 2024Yield to maturity4.111%Dec 13, 2024Yield to maturity4.255%Dec 23, 2024Yield to maturity4.417%Jan 2, 2025Yield to maturity4.328%Jan 10, 2025Yield to maturity4.519%Jan 21, 2025Yield to maturity4.353%Jan 29, 2025Yield to maturity4.299%Feb 6, 2025Yield to maturity4.254%Feb 14, 2025Yield to maturity4.302%Feb 25, 2025Yield to maturity4.108%Mar 5, 2025Yield to maturity4.031%Mar 13, 2025Yield to maturity3.974%Mar 21, 2025Yield to maturity3.953%Mar 31, 2025Yield to maturity3.906%Apr 8, 2025Yield to maturity3.760%Apr 16, 2025Yield to maturity3.799%Apr 25, 2025Yield to maturity3.779%May 5, 2025Yield to maturity3.830%May 13, 2025Yield to maturity4.039%May 21, 2025Yield to maturity4.025%May 30, 2025Yield to maturity3.892%Jun 9, 2025Yield to maturity4.003%Jun 17, 2025Yield to maturity3.919%Jun 26, 2025Yield to maturity3.708%Jul 7, 2025Yield to maturity3.873%Jul 15, 2025Yield to maturity3.939%Jul 23, 2025Yield to maturity3.840%Jul 31, 2025Yield to maturity3.895%Aug 8, 2025Yield to maturity3.739%Aug 18, 2025Yield to maturity3.745%Aug 26, 2025Yield to maturity3.630%Sep 4, 2025Yield to maturity3.565%Sep 12, 2025Yield to maturity3.550%Sep 22, 2025Yield to maturity3.606%Sep 30, 2025Yield to maturity3.624%Oct 8, 2025Yield to maturity3.605%Oct 17, 2025Yield to maturity3.478%Oct 27, 2025Yield to maturity3.509%Nov 4, 2025Yield to maturity3.592%Nov 13, 2025Yield to maturity3.587%Nov 21, 2025Yield to maturity3.506%Dec 2, 2025Yield to maturity3.528%Dec 10, 2025Yield to maturity3.574%Dec 18, 2025Yield to maturity3.486%Dec 29, 2025Yield to maturity3.485%Jan 7, 2026Yield to maturity3.493%Jan 15, 2026Yield to maturity3.596%Jan 26, 2026Yield to maturity3.625%Feb 3, 2026Yield to maturity3.604%Feb 11, 2026Yield to maturity3.540%Feb 20, 2026Yield to maturity3.483%Mar 2, 2026Yield to maturity3.475%Mar 10, 2026Yield to maturity3.584%Mar 18, 2026Yield to maturity3.755%Mar 26, 2026Yield to maturity4.021%Apr 3, 2026Yield to maturity3.872%Apr 13, 2026Yield to maturity3.790%Apr 21, 2026Yield to maturity3.784%Apr 29, 2026Yield to maturity3.935%May 7, 2026Yield to maturity3.931%May 15, 2026Yield to maturity4.095%May 26, 2026Yield to maturity4.063%Jun 3, 2026Yield to maturity4.110%Jun 11, 2026Yield to maturity4.074%Jun 22, 2026Yield to maturity4.251%Jun 30, 2026Yield to maturity4.148%Jul 9, 2026Yield to maturity4.183%Jul 17, 2026Yield to maturity4.189%Jul 27, 2026Yield to maturity4.328%Aug 4, 2026Yield to maturity4.202%Aug 12, 2026Yield to maturity4.200%Aug 20, 2026Yield to maturity4.179%Aug 28, 2026Yield to maturity4.352%Sep 8, 2026Yield to maturity4.394%Sep 16, 2026Yield to maturity4.719%Sep 24, 2026Yield to maturity4.878%Oct 2, 2026Yield to maturity4.797%Oct 13, 2026Yield to maturity4.767%Oct 21, 2026Yield to maturity4.772%Oct 29, 2026Yield to maturity4.634%Nov 6, 2026Yield to maturity4.503%Nov 10, 2026Yield to maturity4.728%

Price history

1,341 trading days to Nov 10, 2026

80859095100105Jun 30, 2021Nov 10, 2026Jun 30, 2021Close100.250Jul 9, 2021Close100.906Jul 19, 2021Close101.938Jul 27, 2021Close101.688Aug 4, 2021Close102.031Aug 12, 2021Close100.875Aug 20, 2021Close101.375Aug 30, 2021Close101.344Sep 8, 2021Close101.094Sep 16, 2021Close100.906Sep 24, 2021Close100.063Oct 4, 2021Close100.031Oct 13, 2021Close99.375Oct 21, 2021Close98.531Oct 29, 2021Close98.906Nov 8, 2021Close99.344Nov 17, 2021Close98.688Nov 26, 2021Close99.281Dec 6, 2021Close99.344Dec 14, 2021Close99.250Dec 22, 2021Close99.219Dec 31, 2021Close99.000Jan 10, 2022Close97.344Jan 19, 2022Close96.875Jan 27, 2022Close96.813Feb 4, 2022Close96.156Feb 14, 2022Close95.563Feb 23, 2022Close95.688Mar 3, 2022Close96.594Mar 11, 2022Close95.469Mar 21, 2022Close93.406Mar 29, 2022Close92.656Apr 6, 2022Close91.563Apr 14, 2022Close90.875Apr 25, 2022Close90.813May 3, 2022Close89.875May 11, 2022Close90.469May 19, 2022Close90.844May 27, 2022Close91.406Jun 7, 2022Close90.094Jun 15, 2022Close88.219Jun 24, 2022Close89.250Jul 5, 2022Close91.031Jul 13, 2022Close90.219Jul 21, 2022Close90.313Jul 29, 2022Close91.844Aug 8, 2022Close90.969Aug 16, 2022Close90.719Aug 24, 2022Close89.344Sep 1, 2022Close88.500Sep 12, 2022Close88.250Sep 20, 2022Close87.063Sep 28, 2022Close86.250Oct 6, 2022Close85.719Oct 17, 2022Close84.844Oct 25, 2022Close84.906Nov 2, 2022Close84.719Nov 10, 2022Close86.375Nov 21, 2022Close86.250Nov 30, 2022Close87.031Dec 8, 2022Close87.688Dec 16, 2022Close88.156Dec 27, 2022Close86.656Jan 5, 2023Close87.000Jan 13, 2023Close88.375Jan 24, 2023Close88.594Feb 1, 2023Close89.063Feb 9, 2023Close87.375Feb 17, 2023Close86.750Feb 28, 2023Close86.125Mar 8, 2023Close85.500Mar 16, 2023Close88.031Mar 24, 2023Close89.406Apr 3, 2023Close89.063Apr 11, 2023Close89.031Apr 19, 2023Close88.344Apr 27, 2023Close88.813May 5, 2023Close89.688May 15, 2023Close89.531May 23, 2023Close88.281Jun 1, 2023Close88.531Jun 9, 2023Close87.688Jun 20, 2023Close87.563Jun 28, 2023Close87.625Jul 7, 2023Close86.156Jul 17, 2023Close87.594Jul 25, 2023Close86.969Aug 2, 2023Close86.750Aug 10, 2023Close86.906Aug 18, 2023Close86.250Aug 28, 2023Close86.281Sep 6, 2023Close86.094Sep 14, 2023Close86.219Sep 22, 2023Close85.719Oct 2, 2023Close85.219Oct 11, 2023Close85.781Oct 19, 2023Close84.500Oct 27, 2023Close85.281Nov 6, 2023Close85.938Nov 14, 2023Close86.688Nov 22, 2023Close86.688Dec 1, 2023Close87.813Dec 11, 2023Close87.469Dec 19, 2023Close88.688Dec 28, 2023Close89.156Jan 8, 2024Close88.813Jan 17, 2024Close88.719Jan 25, 2024Close88.719Feb 2, 2024Close88.844Feb 12, 2024Close88.406Feb 21, 2024Close87.813Feb 29, 2024Close87.969Mar 8, 2024Close88.750Mar 18, 2024Close87.750Mar 26, 2024Close88.250Apr 4, 2024Close88.094Apr 12, 2024Close87.250Apr 22, 2024Close86.938Apr 30, 2024Close86.750May 8, 2024Close87.594May 16, 2024Close88.000May 24, 2024Close87.625Jun 4, 2024Close88.250Jun 12, 2024Close88.406Jun 21, 2024Close88.656Jul 1, 2024Close88.156Jul 10, 2024Close88.906Jul 18, 2024Close89.438Jul 26, 2024Close89.625Aug 5, 2024Close91.281Aug 13, 2024Close91.125Aug 21, 2024Close91.219Aug 29, 2024Close91.188Sep 9, 2024Close91.969Sep 17, 2024Close92.188Sep 25, 2024Close92.031Oct 3, 2024Close91.688Oct 11, 2024Close90.938Oct 22, 2024Close90.625Oct 30, 2024Close90.188Nov 7, 2024Close90.156Nov 18, 2024Close89.906Nov 26, 2024Close90.156Dec 5, 2024Close90.594Dec 13, 2024Close90.219Dec 23, 2024Close89.781Jan 2, 2025Close90.125Jan 10, 2025Close89.625Jan 21, 2025Close90.188Jan 29, 2025Close90.406Feb 6, 2025Close90.594Feb 14, 2025Close90.531Feb 25, 2025Close91.156Mar 5, 2025Close91.438Mar 13, 2025Close91.656Mar 21, 2025Close91.781Mar 31, 2025Close91.969Apr 8, 2025Close92.438Apr 16, 2025Close92.375Apr 25, 2025Close92.500May 5, 2025Close92.406May 13, 2025Close91.875May 21, 2025Close91.969May 30, 2025Close92.406Jun 9, 2025Close92.156Jun 17, 2025Close92.438Jun 26, 2025Close93.063Jul 7, 2025Close92.688Jul 15, 2025Close92.563Jul 23, 2025Close92.875Jul 31, 2025Close92.781Aug 8, 2025Close93.250Aug 18, 2025Close93.281Aug 26, 2025Close93.625Sep 4, 2025Close93.844Sep 12, 2025Close93.938Sep 22, 2025Close93.844Sep 30, 2025Close93.844Oct 8, 2025Close93.938Oct 17, 2025Close94.313Oct 27, 2025Close94.281Nov 4, 2025Close94.125Nov 13, 2025Close94.188Nov 21, 2025Close94.438Dec 2, 2025Close94.438Dec 10, 2025Close94.375Dec 18, 2025Close94.625Dec 29, 2025Close94.688Jan 7, 2026Close94.719Jan 15, 2026Close94.531Jan 26, 2026Close94.531Feb 3, 2026Close94.625Feb 11, 2026Close94.813Feb 20, 2026Close95.000Mar 2, 2026Close95.063Mar 10, 2026Close94.875Mar 18, 2026Close94.563Mar 26, 2026Close94.063Apr 3, 2026Close94.438Apr 13, 2026Close94.656Apr 21, 2026Close94.719Apr 29, 2026Close94.469May 7, 2026Close94.531May 15, 2026Close94.281May 26, 2026Close94.406Jun 3, 2026Close94.375Jun 11, 2026Close94.500Jun 22, 2026Close94.250Jun 30, 2026Close94.500Jul 9, 2026Close94.500Jul 17, 2026Close94.563Jul 27, 2026Close94.375Aug 4, 2026Close94.656Aug 12, 2026Close94.719Aug 20, 2026Close94.813Aug 28, 2026Close94.594Sep 8, 2026Close94.594Sep 16, 2026Close94.125Sep 24, 2026Close93.938Oct 2, 2026Close94.156Oct 13, 2026Close94.281Oct 21, 2026Close94.344Oct 29, 2026Close94.625Nov 6, 2026Close94.906Nov 10, 2026Close94.594
The most recent 20 trading days of prices for 91282CCH2.
DateBidOfferClose
Nov 10, 202694.56394.57894.594
Nov 9, 202694.84494.85994.844
Nov 6, 202694.87594.89194.906
Nov 5, 202694.84494.85994.938
Nov 4, 202694.75094.76694.781
Nov 3, 202694.71994.73494.719
Nov 2, 202694.75094.76694.750
Oct 30, 202694.68894.70394.750
Oct 29, 202694.62594.64194.625
Oct 28, 202694.43894.45394.531
Oct 27, 202694.50094.51694.500
Oct 26, 202694.53194.53194.500
Oct 23, 202694.53194.54794.563
Oct 22, 202694.50094.51694.563
Oct 21, 202694.37594.37594.344
Oct 20, 202694.37594.39194.344
Oct 19, 202694.37594.39194.375
Oct 16, 202694.40694.42294.406
Oct 15, 202694.31394.34494.344
Oct 14, 202694.18894.20394.250

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 91282CCH2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 24, 2021Jun 30, 2021New issue$62.0bn$71.4bn2.36x1.264%

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.