Treasury note

91282CDG3 · 1.125% due October 31, 2026

Original term
5-Year
Maturity
Oct 31, 2026
Coupon
1.125%
Pays
Semi-Annual
Dated
Oct 31, 2021
First coupon
Apr 30, 2022
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$66.59bn
Held stripped
$422.4m
Share stripped
0.63%

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
3.884%
Modified duration
0.135 yr
DV01
0.0014
Convexity
0.037
Dirty price
100.035

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 4.8 bp rich to the curve on that day, 0.65 cents per 100 of face.

That is -1.12 standard deviations from its own typical residual.

Yield to maturity, 1,216 observations

1%2%3%4%5%6%Nov 1, 2021Sep 10, 2026Nov 1, 2021Yield to maturity1.196%Dec 13, 2021Yield to maturity1.211%Jan 24, 2022Yield to maturity1.521%Mar 4, 2022Yield to maturity1.665%Apr 13, 2022Yield to maturity2.683%May 24, 2022Yield to maturity2.777%Jul 6, 2022Yield to maturity2.998%Aug 15, 2022Yield to maturity3.004%Sep 23, 2022Yield to maturity4.113%Nov 3, 2022Yield to maturity4.515%Dec 15, 2022Yield to maturity3.803%Jan 27, 2023Yield to maturity3.786%Mar 9, 2023Yield to maturity4.469%Apr 18, 2023Yield to maturity3.877%May 26, 2023Yield to maturity4.186%Jul 10, 2023Yield to maturity4.486%Aug 17, 2023Yield to maturity4.639%Sep 27, 2023Yield to maturity4.894%Nov 7, 2023Yield to maturity4.670%Dec 18, 2023Yield to maturity4.187%Jan 30, 2024Yield to maturity4.189%Mar 11, 2024Yield to maturity4.372%Apr 18, 2024Yield to maturity4.897%May 29, 2024Yield to maturity4.894%Jul 10, 2024Yield to maturity4.546%Aug 19, 2024Yield to maturity4.006%Sep 27, 2024Yield to maturity3.573%Nov 7, 2024Yield to maturity4.219%Dec 19, 2024Yield to maturity4.337%Jan 31, 2025Yield to maturity4.233%Mar 13, 2025Yield to maturity4.004%Apr 22, 2025Yield to maturity3.905%Jun 2, 2025Yield to maturity4.077%Jul 14, 2025Yield to maturity4.054%Aug 21, 2025Yield to maturity3.946%Oct 1, 2025Yield to maturity3.688%Nov 12, 2025Yield to maturity3.722%Dec 23, 2025Yield to maturity3.607%Feb 4, 2026Yield to maturity3.655%Mar 17, 2026Yield to maturity3.701%Apr 24, 2026Yield to maturity3.756%Jun 4, 2026Yield to maturity3.803%Jul 16, 2026Yield to maturity3.858%Aug 25, 2026Yield to maturity3.918%Sep 10, 2026Yield to maturity3.884%

Price history

1,216 trading days to Sep 10, 2026

85.087.590.092.595.097.5100.0102.5Nov 1, 2021Sep 10, 2026Nov 1, 2021Close99.656Dec 13, 2021Close99.594Jan 24, 2022Close98.188Mar 4, 2022Close97.594Apr 13, 2022Close93.375May 24, 2022Close93.156Jul 6, 2022Close92.469Aug 15, 2022Close92.625Sep 23, 2022Close88.844Nov 3, 2022Close87.750Dec 15, 2022Close90.438Jan 27, 2023Close90.781Mar 9, 2023Close88.875Apr 18, 2023Close91.000May 26, 2023Close90.344Jul 10, 2023Close89.781Aug 17, 2023Close89.656Sep 27, 2023Close89.313Nov 7, 2023Close90.250Dec 18, 2023Close91.813Jan 30, 2024Close92.125Mar 11, 2024Close92.000Apr 18, 2024Close91.125May 29, 2024Close91.500Jul 10, 2024Close92.594Aug 19, 2024Close94.000Sep 27, 2024Close95.125Nov 7, 2024Close94.188Dec 19, 2024Close94.313Jan 31, 2025Close94.844Mar 13, 2025Close95.500Apr 22, 2025Close95.938Jun 2, 2025Close96.000Jul 14, 2025Close96.344Aug 21, 2025Close96.750Oct 1, 2025Close97.313Nov 12, 2025Close97.563Dec 23, 2025Close97.938Feb 4, 2026Close98.188Mar 17, 2026Close98.438Apr 24, 2026Close98.688Jun 4, 2026Close98.938Jul 16, 2026Close99.219Aug 25, 2026Close99.500Sep 10, 2026Close99.625
The most recent 20 trading days of prices for 91282CDG3.
DateBidOfferClose
Sep 10, 2026–99.62599.625
Sep 9, 2026–99.59499.594
Sep 8, 2026–99.59499.594
Sep 4, 2026–99.59499.594
Sep 3, 2026–99.56399.563
Sep 2, 2026–99.56399.563
Sep 1, 2026–99.56399.531
Aug 31, 2026–99.53199.531
Aug 28, 2026–99.53199.531
Aug 27, 2026–99.53199.531
Aug 26, 2026–99.53199.500
Aug 25, 2026–99.50099.500
Aug 24, 2026–99.50099.500
Aug 21, 2026–99.50099.500
Aug 20, 2026–99.46999.469
Aug 19, 2026–99.46999.469
Aug 18, 2026–99.46999.469
Aug 17, 2026–99.46999.438
Aug 14, 2026–99.43899.438
Aug 13, 2026–99.40699.406

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 91282CDG3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 27, 2021Nov 1, 2021New issue$61.0bn$67.2bn2.55x1.157%

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.