Treasury note

91282CCV1 · 1.125% due August 31, 2028

Original term
7-Year
Maturity
Aug 31, 2028
Coupon
1.125%
Pays
Semi-Annual
Dated
Aug 31, 2021
First coupon
Feb 28, 2022
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$69.17bn
Held stripped
$107.2m
Share stripped
0.15%

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
4.563%
Modified duration
1.909 yr
DV01
0.0179
Convexity
4.595
Dirty price
93.628

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 3 of twelve buckets, summing to 1.953 years against a modified duration of 1.909.

Against the fitted curve

Priced 1.9 bp rich to the curve on that day, 3.38 cents per 100 of face.

That is -1.46 standard deviations from its own typical residual.

Yield to maturity, 1,258 observations

1%2%3%4%5%Aug 31, 2021Sep 10, 2026Aug 31, 2021Yield to maturity1.079%Oct 13, 2021Yield to maturity1.369%Nov 24, 2021Yield to maturity1.560%Jan 6, 2022Yield to maturity1.648%Feb 17, 2022Yield to maturity1.955%Mar 31, 2022Yield to maturity2.438%May 12, 2022Yield to maturity2.883%Jun 24, 2022Yield to maturity3.227%Aug 5, 2022Yield to maturity2.974%Sep 16, 2022Yield to maturity3.634%Oct 28, 2022Yield to maturity4.225%Dec 12, 2022Yield to maturity3.807%Jan 25, 2023Yield to maturity3.567%Mar 8, 2023Yield to maturity4.314%Apr 18, 2023Yield to maturity3.710%May 30, 2023Yield to maturity3.864%Jul 12, 2023Yield to maturity4.087%Aug 22, 2023Yield to maturity4.518%Oct 3, 2023Yield to maturity4.850%Nov 14, 2023Yield to maturity4.469%Dec 27, 2023Yield to maturity3.844%Feb 8, 2024Yield to maturity4.158%Mar 21, 2024Yield to maturity4.311%May 1, 2024Yield to maturity4.696%Jun 12, 2024Yield to maturity4.389%Jul 25, 2024Yield to maturity4.209%Sep 5, 2024Yield to maturity3.587%Oct 17, 2024Yield to maturity3.919%Nov 29, 2024Yield to maturity4.097%Jan 13, 2025Yield to maturity4.566%Feb 25, 2025Yield to maturity4.121%Apr 7, 2025Yield to maturity3.756%May 16, 2025Yield to maturity3.995%Jun 30, 2025Yield to maturity3.721%Aug 11, 2025Yield to maturity3.749%Sep 22, 2025Yield to maturity3.602%Nov 3, 2025Yield to maturity3.616%Dec 16, 2025Yield to maturity3.508%Jan 29, 2026Yield to maturity3.607%Mar 12, 2026Yield to maturity3.778%Apr 22, 2026Yield to maturity3.815%Jun 3, 2026Yield to maturity4.119%Jul 16, 2026Yield to maturity4.186%Aug 26, 2026Yield to maturity4.236%Sep 10, 2026Yield to maturity4.563%

Price history

1,258 trading days to Sep 10, 2026

80859095100105Aug 31, 2021Sep 10, 2026Aug 31, 2021Close100.313Oct 13, 2021Close98.406Nov 24, 2021Close97.219Jan 6, 2022Close96.719Feb 17, 2022Close94.938Mar 31, 2022Close92.250May 12, 2022Close89.938Jun 24, 2022Close88.313Aug 5, 2022Close89.813Sep 16, 2022Close86.688Oct 28, 2022Close84.125Dec 12, 2022Close86.344Jan 25, 2023Close87.719Mar 8, 2023Close84.594Apr 18, 2023Close87.531May 30, 2023Close87.094Jul 12, 2023Close86.406Aug 22, 2023Close84.906Oct 3, 2023Close83.906Nov 14, 2023Close85.719Dec 27, 2023Close88.469Feb 8, 2024Close87.531Mar 21, 2024Close87.250May 1, 2024Close86.156Jun 12, 2024Close87.563Jul 25, 2024Close88.500Sep 5, 2024Close90.938Oct 17, 2024Close90.063Nov 29, 2024Close89.781Jan 13, 2025Close88.625Feb 25, 2025Close90.313Apr 7, 2025Close91.688May 16, 2025Close91.250Jun 30, 2025Close92.313Aug 11, 2025Close92.500Sep 22, 2025Close93.156Nov 3, 2025Close93.375Dec 16, 2025Close93.906Jan 29, 2026Close93.938Mar 12, 2026Close93.813Apr 22, 2026Close94.000Jun 3, 2026Close93.656Jul 16, 2026Close93.844Aug 26, 2026Close94.063Sep 10, 2026Close93.594
The most recent 20 trading days of prices for 91282CCV1.
DateBidOfferClose
Sep 10, 202693.64193.62593.594
Sep 9, 202693.82893.81393.813
Sep 8, 202693.89193.87593.875
Sep 4, 202693.92293.90693.875
Sep 3, 202693.95393.93893.938
Sep 2, 202693.82893.81393.813
Sep 1, 202693.85993.84493.813
Aug 31, 202693.90693.90693.906
Aug 28, 202693.92293.90693.875
Aug 27, 202694.10994.09494.063
Aug 26, 202694.07894.06394.063
Aug 25, 202694.10994.09494.094
Aug 24, 202694.04794.03194.000
Aug 21, 202694.01694.00094.000
Aug 20, 202694.07894.06394.094
Aug 19, 202694.07894.06394.094
Aug 18, 202694.09494.09494.063
Aug 17, 202694.10994.09494.063
Aug 14, 202694.14194.12594.094
Aug 13, 202694.10994.09494.094

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 91282CCV1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 26, 2021Aug 31, 2021New issue$62.0bn$69.8bn2.34x1.155%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.