Treasury note

91282CDF5 · 1.375% due October 31, 2028

Original term
7-Year
Maturity
Oct 31, 2028
Coupon
1.375%
Pays
Semi-Annual
Dated
Oct 31, 2021
First coupon
Apr 30, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$67.43bn
Held stripped
$158.4m
Share stripped
0.23%

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
4.574%
Modified duration
1.908 yr
DV01
0.0179
Convexity
0.0459
Dirty price
94.069

Where its rate sensitivity sits

<.01
0.06
1.88
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 1.952 years against a modified duration of 1.908.

Against the fitted curve

Priced 0.1 bp rich to the curve on that day, 0.23 cents per 100 of face.

That is 0.40 standard deviations from its own typical residual.

Yield to maturity, 1,255 observations

1%2%3%4%5%Nov 1, 2021Nov 9, 2026Nov 1, 2021Yield to maturity1.460%Nov 9, 2021Yield to maturity1.319%Nov 18, 2021Yield to maturity1.470%Nov 29, 2021Yield to maturity1.418%Dec 7, 2021Yield to maturity1.427%Dec 15, 2021Yield to maturity1.418%Dec 23, 2021Yield to maturity1.413%Jan 3, 2022Yield to maturity1.554%Jan 11, 2022Yield to maturity1.683%Jan 20, 2022Yield to maturity1.773%Jan 28, 2022Yield to maturity1.745%Feb 7, 2022Yield to maturity1.887%Feb 15, 2022Yield to maturity2.047%Feb 24, 2022Yield to maturity1.946%Mar 4, 2022Yield to maturity1.714%Mar 14, 2022Yield to maturity2.174%Mar 22, 2022Yield to maturity2.452%Mar 30, 2022Yield to maturity2.461%Apr 7, 2022Yield to maturity2.758%Apr 18, 2022Yield to maturity2.875%Apr 26, 2022Yield to maturity2.830%May 4, 2022Yield to maturity2.997%May 12, 2022Yield to maturity2.884%May 20, 2022Yield to maturity2.845%May 31, 2022Yield to maturity2.902%Jun 8, 2022Yield to maturity3.095%Jun 16, 2022Yield to maturity3.398%Jun 27, 2022Yield to maturity3.307%Jul 6, 2022Yield to maturity3.028%Jul 14, 2022Yield to maturity3.097%Jul 22, 2022Yield to maturity2.895%Aug 1, 2022Yield to maturity2.693%Aug 9, 2022Yield to maturity2.964%Aug 17, 2022Yield to maturity3.057%Aug 25, 2022Yield to maturity3.193%Sep 2, 2022Yield to maturity3.352%Sep 13, 2022Yield to maturity3.597%Sep 21, 2022Yield to maturity3.741%Sep 29, 2022Yield to maturity4.002%Oct 7, 2022Yield to maturity4.149%Oct 18, 2022Yield to maturity4.224%Oct 26, 2022Yield to maturity4.221%Nov 3, 2022Yield to maturity4.368%Nov 14, 2022Yield to maturity4.029%Nov 22, 2022Yield to maturity3.955%Dec 1, 2022Yield to maturity3.695%Dec 9, 2022Yield to maturity3.763%Dec 19, 2022Yield to maturity3.720%Dec 28, 2022Yield to maturity4.003%Jan 6, 2023Yield to maturity3.702%Jan 17, 2023Yield to maturity3.621%Jan 25, 2023Yield to maturity3.565%Feb 2, 2023Yield to maturity3.495%Feb 10, 2023Yield to maturity3.926%Feb 21, 2023Yield to maturity4.152%Mar 1, 2023Yield to maturity4.258%Mar 9, 2023Yield to maturity4.201%Mar 17, 2023Yield to maturity3.521%Mar 27, 2023Yield to maturity3.649%Apr 4, 2023Yield to maturity3.438%Apr 12, 2023Yield to maturity3.499%Apr 20, 2023Yield to maturity3.662%Apr 28, 2023Yield to maturity3.565%May 8, 2023Yield to maturity3.546%May 16, 2023Yield to maturity3.568%May 24, 2023Yield to maturity3.823%Jun 2, 2023Yield to maturity3.871%Jun 12, 2023Yield to maturity3.922%Jun 21, 2023Yield to maturity3.969%Jun 29, 2023Yield to maturity4.135%Jul 10, 2023Yield to maturity4.251%Jul 18, 2023Yield to maturity4.011%Jul 26, 2023Yield to maturity4.115%Aug 3, 2023Yield to maturity4.329%Aug 11, 2023Yield to maturity4.330%Aug 21, 2023Yield to maturity4.482%Aug 29, 2023Yield to maturity4.302%Sep 7, 2023Yield to maturity4.427%Sep 15, 2023Yield to maturity4.503%Sep 25, 2023Yield to maturity4.660%Oct 3, 2023Yield to maturity4.851%Oct 12, 2023Yield to maturity4.736%Oct 20, 2023Yield to maturity4.917%Oct 30, 2023Yield to maturity4.862%Nov 7, 2023Yield to maturity4.588%Nov 15, 2023Yield to maturity4.563%Nov 24, 2023Yield to maturity4.528%Dec 4, 2023Yield to maturity4.285%Dec 12, 2023Yield to maturity4.275%Dec 20, 2023Yield to maturity3.918%Dec 29, 2023Yield to maturity3.897%Jan 9, 2024Yield to maturity4.008%Jan 18, 2024Yield to maturity4.068%Jan 26, 2024Yield to maturity4.083%Feb 5, 2024Yield to maturity4.158%Feb 13, 2024Yield to maturity4.346%Feb 22, 2024Yield to maturity4.369%Mar 1, 2024Yield to maturity4.202%Mar 11, 2024Yield to maturity4.126%Mar 19, 2024Yield to maturity4.350%Mar 27, 2024Yield to maturity4.233%Apr 5, 2024Yield to maturity4.424%Apr 15, 2024Yield to maturity4.689%Apr 23, 2024Yield to maturity4.671%May 1, 2024Yield to maturity4.686%May 9, 2024Yield to maturity4.516%May 17, 2024Yield to maturity4.484%May 28, 2024Yield to maturity4.628%Jun 5, 2024Yield to maturity4.363%Jun 13, 2024Yield to maturity4.301%Jun 24, 2024Yield to maturity4.337%Jul 2, 2024Yield to maturity4.446%Jul 11, 2024Yield to maturity4.179%Jul 19, 2024Yield to maturity4.205%Jul 29, 2024Yield to maturity4.098%Aug 6, 2024Yield to maturity3.768%Aug 14, 2024Yield to maturity3.712%Aug 22, 2024Yield to maturity3.775%Aug 30, 2024Yield to maturity3.766%Sep 10, 2024Yield to maturity3.459%Sep 18, 2024Yield to maturity3.504%Sep 26, 2024Yield to maturity3.576%Oct 4, 2024Yield to maturity3.846%Oct 15, 2024Yield to maturity3.879%Oct 23, 2024Yield to maturity4.072%Oct 31, 2024Yield to maturity4.168%Nov 8, 2024Yield to maturity4.235%Nov 19, 2024Yield to maturity4.269%Nov 27, 2024Yield to maturity4.175%Dec 6, 2024Yield to maturity4.074%Dec 16, 2024Yield to maturity4.267%Dec 24, 2024Yield to maturity4.447%Jan 3, 2025Yield to maturity4.394%Jan 13, 2025Yield to maturity4.576%Jan 22, 2025Yield to maturity4.411%Jan 30, 2025Yield to maturity4.293%Feb 7, 2025Yield to maturity4.344%Feb 18, 2025Yield to maturity4.373%Feb 26, 2025Yield to maturity4.066%Mar 6, 2025Yield to maturity4.033%Mar 14, 2025Yield to maturity4.053%Mar 24, 2025Yield to maturity4.059%Apr 1, 2025Yield to maturity3.886%Apr 9, 2025Yield to maturity4.002%Apr 17, 2025Yield to maturity3.867%Apr 28, 2025Yield to maturity3.727%May 6, 2025Yield to maturity3.812%May 14, 2025Yield to maturity4.104%May 22, 2025Yield to maturity4.028%Jun 2, 2025Yield to maturity3.946%Jun 10, 2025Yield to maturity4.015%Jun 18, 2025Yield to maturity3.928%Jun 27, 2025Yield to maturity3.759%Jul 8, 2025Yield to maturity3.914%Jul 16, 2025Yield to maturity3.888%Jul 24, 2025Yield to maturity3.893%Aug 1, 2025Yield to maturity3.687%Aug 11, 2025Yield to maturity3.746%Aug 19, 2025Yield to maturity3.729%Aug 27, 2025Yield to maturity3.613%Sep 5, 2025Yield to maturity3.502%Sep 15, 2025Yield to maturity3.528%Sep 23, 2025Yield to maturity3.587%Oct 1, 2025Yield to maturity3.580%Oct 9, 2025Yield to maturity3.629%Oct 20, 2025Yield to maturity3.480%Oct 28, 2025Yield to maturity3.518%Nov 5, 2025Yield to maturity3.661%Nov 14, 2025Yield to maturity3.626%Nov 24, 2025Yield to maturity3.501%Dec 3, 2025Yield to maturity3.507%Dec 11, 2025Yield to maturity3.583%Dec 19, 2025Yield to maturity3.532%Dec 30, 2025Yield to maturity3.514%Jan 8, 2026Yield to maturity3.557%Jan 16, 2026Yield to maturity3.655%Jan 27, 2026Yield to maturity3.635%Feb 4, 2026Yield to maturity3.628%Feb 12, 2026Yield to maturity3.508%Feb 23, 2026Yield to maturity3.442%Mar 3, 2026Yield to maturity3.511%Mar 11, 2026Yield to maturity3.658%Mar 19, 2026Yield to maturity3.808%Mar 27, 2026Yield to maturity3.954%Apr 6, 2026Yield to maturity3.882%Apr 14, 2026Yield to maturity3.769%Apr 22, 2026Yield to maturity3.817%Apr 30, 2026Yield to maturity3.907%May 8, 2026Yield to maturity3.920%May 18, 2026Yield to maturity4.125%May 27, 2026Yield to maturity4.082%Jun 4, 2026Yield to maturity4.091%Jun 12, 2026Yield to maturity4.122%Jun 23, 2026Yield to maturity4.238%Jul 1, 2026Yield to maturity4.205%Jul 10, 2026Yield to maturity4.242%Jul 20, 2026Yield to maturity4.239%Jul 28, 2026Yield to maturity4.312%Aug 5, 2026Yield to maturity4.232%Aug 13, 2026Yield to maturity4.183%Aug 21, 2026Yield to maturity4.264%Aug 31, 2026Yield to maturity4.373%Sep 9, 2026Yield to maturity4.455%Sep 17, 2026Yield to maturity4.699%Sep 25, 2026Yield to maturity4.875%Oct 5, 2026Yield to maturity4.861%Oct 14, 2026Yield to maturity4.835%Oct 22, 2026Yield to maturity4.667%Oct 30, 2026Yield to maturity4.591%Nov 9, 2026Yield to maturity4.574%

Price history

1,255 trading days to Nov 9, 2026

80859095100105Nov 1, 2021Nov 9, 2026Nov 1, 2021Close99.438Nov 9, 2021Close100.375Nov 18, 2021Close99.375Nov 29, 2021Close99.719Dec 7, 2021Close99.656Dec 15, 2021Close99.719Dec 23, 2021Close99.750Jan 3, 2022Close98.844Jan 11, 2022Close98.031Jan 20, 2022Close97.469Jan 28, 2022Close97.656Feb 7, 2022Close96.781Feb 15, 2022Close95.813Feb 24, 2022Close96.438Mar 4, 2022Close97.875Mar 14, 2022Close95.094Mar 22, 2022Close93.469Mar 30, 2022Close93.438Apr 7, 2022Close91.750Apr 18, 2022Close91.125Apr 26, 2022Close91.406May 4, 2022Close90.500May 12, 2022Close91.156May 20, 2022Close91.406May 31, 2022Close91.125Jun 8, 2022Close90.094Jun 16, 2022Close88.500Jun 27, 2022Close89.031Jul 6, 2022Close90.563Jul 14, 2022Close90.219Jul 22, 2022Close91.344Aug 1, 2022Close92.469Aug 9, 2022Close91.031Aug 17, 2022Close90.563Aug 25, 2022Close89.875Sep 2, 2022Close89.094Sep 13, 2022Close87.875Sep 21, 2022Close87.188Sep 29, 2022Close85.938Oct 7, 2022Close85.281Oct 18, 2022Close84.969Oct 26, 2022Close85.031Nov 3, 2022Close84.375Nov 14, 2022Close86.063Nov 22, 2022Close86.469Dec 1, 2022Close87.781Dec 9, 2022Close87.500Dec 19, 2022Close87.750Dec 28, 2022Close86.438Jan 6, 2023Close87.938Jan 17, 2023Close88.375Jan 25, 2023Close88.688Feb 2, 2023Close89.063Feb 10, 2023Close87.063Feb 21, 2023Close86.063Mar 1, 2023Close85.625Mar 9, 2023Close85.938Mar 17, 2023Close89.156Mar 27, 2023Close88.594Apr 4, 2023Close89.625Apr 12, 2023Close89.375Apr 20, 2023Close88.656Apr 28, 2023Close89.156May 8, 2023Close89.281May 16, 2023Close89.219May 24, 2023Close88.094Jun 2, 2023Close87.938Jun 12, 2023Close87.750Jun 21, 2023Close87.594Jun 29, 2023Close86.906Jul 10, 2023Close86.469Jul 18, 2023Close87.563Jul 26, 2023Close87.156Aug 3, 2023Close86.281Aug 11, 2023Close86.344Aug 21, 2023Close85.750Aug 29, 2023Close86.563Sep 7, 2023Close86.094Sep 15, 2023Close85.844Sep 25, 2023Close85.250Oct 3, 2023Close84.531Oct 12, 2023Close85.063Oct 20, 2023Close84.406Oct 30, 2023Close84.688Nov 7, 2023Close85.844Nov 15, 2023Close86.000Nov 24, 2023Close86.219Dec 4, 2023Close87.250Dec 12, 2023Close87.344Dec 20, 2023Close88.844Dec 29, 2023Close89.000Jan 9, 2024Close88.594Jan 18, 2024Close88.406Jan 26, 2024Close88.406Feb 5, 2024Close88.156Feb 13, 2024Close87.469Feb 22, 2024Close87.438Mar 1, 2024Close88.156Mar 11, 2024Close88.500Mar 19, 2024Close87.688Mar 27, 2024Close88.188Apr 5, 2024Close87.531Apr 15, 2024Close86.594Apr 23, 2024Close86.719May 1, 2024Close86.719May 9, 2024Close87.406May 17, 2024Close87.594May 28, 2024Close87.125Jun 5, 2024Close88.156Jun 13, 2024Close88.438Jun 24, 2024Close88.375Jul 2, 2024Close88.031Jul 11, 2024Close89.063Jul 19, 2024Close89.031Jul 29, 2024Close89.469Aug 6, 2024Close90.719Aug 14, 2024Close90.969Aug 22, 2024Close90.781Aug 30, 2024Close90.875Sep 10, 2024Close92.031Sep 18, 2024Close91.906Sep 26, 2024Close91.688Oct 4, 2024Close90.781Oct 15, 2024Close90.719Oct 23, 2024Close90.094Oct 31, 2024Close89.813Nov 8, 2024Close89.656Nov 19, 2024Close89.594Nov 27, 2024Close89.969Dec 6, 2024Close90.375Dec 16, 2024Close89.781Dec 24, 2024Close89.250Jan 3, 2025Close89.500Jan 13, 2025Close88.969Jan 22, 2025Close89.563Jan 30, 2025Close90.000Feb 7, 2025Close89.906Feb 18, 2025Close89.875Feb 26, 2025Close90.906Mar 6, 2025Close91.063Mar 14, 2025Close91.063Mar 24, 2025Close91.094Apr 1, 2025Close91.688Apr 9, 2025Close91.375Apr 17, 2025Close91.844Apr 28, 2025Close92.344May 6, 2025Close92.125May 14, 2025Close91.281May 22, 2025Close91.563Jun 2, 2025Close91.875Jun 10, 2025Close91.719Jun 18, 2025Close92.031Jun 27, 2025Close92.594Jul 8, 2025Close92.188Jul 16, 2025Close92.313Jul 24, 2025Close92.344Aug 1, 2025Close93.000Aug 11, 2025Close92.875Aug 19, 2025Close92.969Aug 27, 2025Close93.344Sep 5, 2025Close93.719Sep 15, 2025Close93.688Sep 23, 2025Close93.563Oct 1, 2025Close93.625Oct 9, 2025Close93.531Oct 20, 2025Close94.000Oct 28, 2025Close93.938Nov 5, 2025Close93.594Nov 14, 2025Close93.750Nov 24, 2025Close94.125Dec 3, 2025Close94.156Dec 11, 2025Close94.000Dec 19, 2025Close94.188Dec 30, 2025Close94.281Jan 8, 2026Close94.219Jan 16, 2026Close94.031Jan 27, 2026Close94.125Feb 4, 2026Close94.188Feb 12, 2026Close94.531Feb 23, 2026Close94.750Mar 3, 2026Close94.625Mar 11, 2026Close94.313Mar 19, 2026Close94.000Mar 27, 2026Close93.719Apr 6, 2026Close93.938Apr 14, 2026Close94.250Apr 22, 2026Close94.188Apr 30, 2026Close94.031May 8, 2026Close94.063May 18, 2026Close93.656May 27, 2026Close93.813Jun 4, 2026Close93.844Jun 12, 2026Close93.844Jun 23, 2026Close93.656Jul 1, 2026Close93.781Jul 10, 2026Close93.781Jul 20, 2026Close93.844Jul 28, 2026Close93.750Aug 5, 2026Close93.969Aug 13, 2026Close94.125Aug 21, 2026Close94.031Aug 31, 2026Close93.875Sep 9, 2026Close93.781Sep 17, 2026Close93.375Sep 25, 2026Close93.125Oct 5, 2026Close93.219Oct 14, 2026Close93.344Oct 22, 2026Close93.719Oct 30, 2026Close93.938Nov 9, 2026Close94.031
The most recent 20 trading days of prices for 91282CDF5.
DateBidOfferClose
Nov 9, 202694.03194.04794.031
Nov 6, 202694.09494.10994.094
Nov 5, 202694.06394.07894.188
Nov 4, 202693.90693.92293.938
Nov 3, 202693.90693.92293.875
Nov 2, 202693.93893.95393.906
Oct 30, 202693.87593.89193.938
Oct 29, 202693.78193.79793.781
Oct 28, 202693.56393.57893.656
Oct 27, 202693.62593.64193.625
Oct 26, 202693.65693.67293.625
Oct 23, 202693.65693.67293.688
Oct 22, 202693.62593.64193.719
Oct 21, 202693.46993.48493.438
Oct 20, 202693.46993.48493.438
Oct 19, 202693.46993.48493.469
Oct 16, 202693.53193.54793.531
Oct 15, 202693.43893.45393.438
Oct 14, 202693.25093.26693.344
Oct 13, 202693.34493.35993.375

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 91282CDF5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 28, 2021Nov 1, 2021New issue$62.0bn$68.3bn2.25x1.461%

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.