Treasury note

91282CDL2 · 1.5% due November 30, 2028

Original term
7-Year
Maturity
Nov 30, 2028
Coupon
1.500%
Pays
Semi-Annual
Dated
Nov 30, 2021
First coupon
May 31, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$62.63bn
Held stripped
$114.8m
Share stripped
0.18%

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
4.576%
Modified duration
1.971 yr
DV01
0.0187
Convexity
0.049
Dirty price
94.699

Where its rate sensitivity sits

<.01
0.01
1.89
0.11
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 2.016 years against a modified duration of 1.971.

Against the fitted curve

Priced 0.6 bp rich to the curve on that day, 1.05 cents per 100 of face.

That is -0.05 standard deviations from its own typical residual.

Yield to maturity, 1,236 observations

1%2%3%4%5%6%Nov 30, 2021Nov 9, 2026Nov 30, 2021Yield to maturity1.359%Dec 8, 2021Yield to maturity1.443%Dec 16, 2021Yield to maturity1.354%Dec 27, 2021Yield to maturity1.410%Jan 4, 2022Yield to maturity1.567%Jan 12, 2022Yield to maturity1.669%Jan 21, 2022Yield to maturity1.699%Jan 31, 2022Yield to maturity1.758%Feb 8, 2022Yield to maturity1.933%Feb 16, 2022Yield to maturity2.015%Feb 25, 2022Yield to maturity1.967%Mar 7, 2022Yield to maturity1.782%Mar 15, 2022Yield to maturity2.179%Mar 23, 2022Yield to maturity2.395%Mar 31, 2022Yield to maturity2.429%Apr 8, 2022Yield to maturity2.819%Apr 19, 2022Yield to maturity2.972%Apr 27, 2022Yield to maturity2.861%May 5, 2022Yield to maturity3.099%May 13, 2022Yield to maturity2.971%May 23, 2022Yield to maturity2.931%Jun 1, 2022Yield to maturity3.004%Jun 9, 2022Yield to maturity3.116%Jun 17, 2022Yield to maturity3.376%Jun 28, 2022Yield to maturity3.301%Jul 7, 2022Yield to maturity3.106%Jul 15, 2022Yield to maturity3.072%Jul 25, 2022Yield to maturity2.922%Aug 2, 2022Yield to maturity2.864%Aug 10, 2022Yield to maturity2.920%Aug 18, 2022Yield to maturity3.035%Aug 26, 2022Yield to maturity3.234%Sep 6, 2022Yield to maturity3.479%Sep 14, 2022Yield to maturity3.601%Sep 22, 2022Yield to maturity3.928%Sep 30, 2022Yield to maturity4.076%Oct 11, 2022Yield to maturity4.168%Oct 19, 2022Yield to maturity4.357%Oct 27, 2022Yield to maturity4.116%Nov 4, 2022Yield to maturity4.353%Nov 15, 2022Yield to maturity3.953%Nov 23, 2022Yield to maturity3.899%Dec 2, 2022Yield to maturity3.681%Dec 12, 2022Yield to maturity3.797%Dec 20, 2022Yield to maturity3.818%Dec 29, 2022Yield to maturity3.975%Jan 9, 2023Yield to maturity3.665%Jan 18, 2023Yield to maturity3.446%Jan 26, 2023Yield to maturity3.599%Feb 3, 2023Yield to maturity3.666%Feb 13, 2023Yield to maturity3.908%Feb 22, 2023Yield to maturity4.137%Mar 2, 2023Yield to maturity4.314%Mar 10, 2023Yield to maturity3.945%Mar 20, 2023Yield to maturity3.637%Mar 28, 2023Yield to maturity3.685%Apr 5, 2023Yield to maturity3.398%Apr 13, 2023Yield to maturity3.536%Apr 21, 2023Yield to maturity3.685%May 1, 2023Yield to maturity3.680%May 9, 2023Yield to maturity3.555%May 17, 2023Yield to maturity3.623%May 25, 2023Yield to maturity3.956%Jun 5, 2023Yield to maturity3.853%Jun 13, 2023Yield to maturity4.034%Jun 22, 2023Yield to maturity4.038%Jun 30, 2023Yield to maturity4.114%Jul 11, 2023Yield to maturity4.231%Jul 19, 2023Yield to maturity3.973%Jul 27, 2023Yield to maturity4.253%Aug 4, 2023Yield to maturity4.173%Aug 14, 2023Yield to maturity4.378%Aug 22, 2023Yield to maturity4.499%Aug 30, 2023Yield to maturity4.307%Sep 8, 2023Yield to maturity4.432%Sep 18, 2023Yield to maturity4.496%Sep 26, 2023Yield to maturity4.665%Oct 4, 2023Yield to maturity4.761%Oct 13, 2023Yield to maturity4.689%Oct 23, 2023Yield to maturity4.862%Oct 31, 2023Yield to maturity4.876%Nov 8, 2023Yield to maturity4.561%Nov 16, 2023Yield to maturity4.475%Nov 27, 2023Yield to maturity4.447%Dec 5, 2023Yield to maturity4.193%Dec 13, 2023Yield to maturity4.054%Dec 21, 2023Yield to maturity3.922%Jan 2, 2024Yield to maturity3.968%Jan 10, 2024Yield to maturity4.016%Jan 19, 2024Yield to maturity4.092%Jan 29, 2024Yield to maturity4.004%Feb 6, 2024Yield to maturity4.069%Feb 14, 2024Yield to maturity4.283%Feb 23, 2024Yield to maturity4.323%Mar 4, 2024Yield to maturity4.249%Mar 12, 2024Yield to maturity4.190%Mar 20, 2024Yield to maturity4.290%Mar 28, 2024Yield to maturity4.255%Apr 8, 2024Yield to maturity4.466%Apr 16, 2024Yield to maturity4.726%Apr 24, 2024Yield to maturity4.691%May 2, 2024Yield to maturity4.606%May 10, 2024Yield to maturity4.558%May 20, 2024Yield to maturity4.498%May 29, 2024Yield to maturity4.681%Jun 6, 2024Yield to maturity4.336%Jun 14, 2024Yield to maturity4.286%Jun 25, 2024Yield to maturity4.318%Jul 3, 2024Yield to maturity4.375%Jul 12, 2024Yield to maturity4.139%Jul 22, 2024Yield to maturity4.211%Jul 30, 2024Yield to maturity4.072%Aug 7, 2024Yield to maturity3.815%Aug 15, 2024Yield to maturity3.835%Aug 23, 2024Yield to maturity3.697%Sep 3, 2024Yield to maturity3.701%Sep 11, 2024Yield to maturity3.476%Sep 19, 2024Yield to maturity3.511%Sep 27, 2024Yield to maturity3.515%Oct 7, 2024Yield to maturity3.906%Oct 16, 2024Yield to maturity3.867%Oct 24, 2024Yield to maturity4.056%Nov 1, 2024Yield to maturity4.233%Nov 12, 2024Yield to maturity4.349%Nov 20, 2024Yield to maturity4.301%Nov 29, 2024Yield to maturity4.103%Dec 9, 2024Yield to maturity4.108%Dec 17, 2024Yield to maturity4.269%Dec 26, 2024Yield to maturity4.425%Jan 6, 2025Yield to maturity4.400%Jan 14, 2025Yield to maturity4.558%Jan 23, 2025Yield to maturity4.425%Jan 31, 2025Yield to maturity4.341%Feb 10, 2025Yield to maturity4.338%Feb 19, 2025Yield to maturity4.346%Feb 27, 2025Yield to maturity4.083%Mar 7, 2025Yield to maturity4.063%Mar 17, 2025Yield to maturity4.088%Mar 25, 2025Yield to maturity4.035%Apr 2, 2025Yield to maturity3.923%Apr 10, 2025Yield to maturity3.957%Apr 21, 2025Yield to maturity3.859%Apr 29, 2025Yield to maturity3.696%May 7, 2025Yield to maturity3.799%May 15, 2025Yield to maturity4.003%May 23, 2025Yield to maturity4.024%Jun 3, 2025Yield to maturity3.968%Jun 11, 2025Yield to maturity3.953%Jun 20, 2025Yield to maturity3.891%Jun 30, 2025Yield to maturity3.721%Jul 9, 2025Yield to maturity3.851%Jul 17, 2025Yield to maturity3.918%Jul 25, 2025Yield to maturity3.874%Aug 4, 2025Yield to maturity3.668%Aug 12, 2025Yield to maturity3.735%Aug 20, 2025Yield to maturity3.717%Aug 28, 2025Yield to maturity3.614%Sep 8, 2025Yield to maturity3.483%Sep 16, 2025Yield to maturity3.507%Sep 24, 2025Yield to maturity3.630%Oct 2, 2025Yield to maturity3.589%Oct 10, 2025Yield to maturity3.554%Oct 21, 2025Yield to maturity3.468%Oct 29, 2025Yield to maturity3.616%Nov 6, 2025Yield to maturity3.597%Nov 17, 2025Yield to maturity3.629%Nov 25, 2025Yield to maturity3.473%Dec 4, 2025Yield to maturity3.558%Dec 12, 2025Yield to maturity3.600%Dec 22, 2025Yield to maturity3.556%Dec 31, 2025Yield to maturity3.552%Jan 9, 2026Yield to maturity3.607%Jan 20, 2026Yield to maturity3.673%Jan 28, 2026Yield to maturity3.653%Feb 5, 2026Yield to maturity3.535%Feb 13, 2026Yield to maturity3.434%Feb 24, 2026Yield to maturity3.462%Mar 4, 2026Yield to maturity3.552%Mar 12, 2026Yield to maturity3.770%Mar 20, 2026Yield to maturity3.908%Mar 30, 2026Yield to maturity3.850%Apr 7, 2026Yield to maturity3.844%Apr 15, 2026Yield to maturity3.784%Apr 23, 2026Yield to maturity3.843%May 1, 2026Yield to maturity3.908%May 11, 2026Yield to maturity3.969%May 19, 2026Yield to maturity4.181%May 28, 2026Yield to maturity4.070%Jun 5, 2026Yield to maturity4.209%Jun 15, 2026Yield to maturity4.106%Jun 24, 2026Yield to maturity4.160%Jul 2, 2026Yield to maturity4.179%Jul 13, 2026Yield to maturity4.290%Jul 21, 2026Yield to maturity4.286%Jul 29, 2026Yield to maturity4.282%Aug 6, 2026Yield to maturity4.293%Aug 14, 2026Yield to maturity4.206%Aug 24, 2026Yield to maturity4.277%Sep 1, 2026Yield to maturity4.427%Sep 10, 2026Yield to maturity4.599%Sep 18, 2026Yield to maturity4.796%Sep 28, 2026Yield to maturity4.957%Oct 6, 2026Yield to maturity4.830%Oct 15, 2026Yield to maturity4.803%Oct 23, 2026Yield to maturity4.714%Nov 2, 2026Yield to maturity4.615%Nov 9, 2026Yield to maturity4.576%

Price history

1,236 trading days to Nov 9, 2026

80859095100105Nov 30, 2021Nov 9, 2026Nov 30, 2021Close100.938Dec 8, 2021Close100.375Dec 16, 2021Close100.969Dec 27, 2021Close100.594Jan 4, 2022Close99.563Jan 12, 2022Close98.906Jan 21, 2022Close98.719Jan 31, 2022Close98.344Feb 8, 2022Close97.250Feb 16, 2022Close96.750Feb 25, 2022Close97.063Mar 7, 2022Close98.219Mar 15, 2022Close95.781Mar 23, 2022Close94.500Mar 31, 2022Close94.313Apr 8, 2022Close92.063Apr 19, 2022Close91.219Apr 27, 2022Close91.875May 5, 2022Close90.563May 13, 2022Close91.313May 23, 2022Close91.563Jun 1, 2022Close91.188Jun 9, 2022Close90.594Jun 17, 2022Close89.219Jun 28, 2022Close89.656Jul 7, 2022Close90.750Jul 15, 2022Close90.969Jul 25, 2022Close91.813Aug 2, 2022Close92.156Aug 10, 2022Close91.875Aug 18, 2022Close91.281Aug 26, 2022Close90.250Sep 6, 2022Close89.000Sep 14, 2022Close88.406Sep 22, 2022Close86.781Sep 30, 2022Close86.094Oct 11, 2022Close85.688Oct 19, 2022Close84.813Oct 27, 2022Close86.031Nov 4, 2022Close84.938Nov 15, 2022Close86.938Nov 23, 2022Close87.250Dec 2, 2022Close88.375Dec 12, 2022Close87.844Dec 20, 2022Close87.781Dec 29, 2022Close87.063Jan 9, 2023Close88.625Jan 18, 2023Close89.750Jan 26, 2023Close89.031Feb 3, 2023Close88.750Feb 13, 2023Close87.625Feb 22, 2023Close86.594Mar 2, 2023Close85.813Mar 10, 2023Close87.594Mar 20, 2023Close89.094Mar 28, 2023Close88.906Apr 5, 2023Close90.313Apr 13, 2023Close89.688Apr 21, 2023Close89.031May 1, 2023Close89.094May 9, 2023Close89.719May 17, 2023Close89.438May 25, 2023Close87.938Jun 5, 2023Close88.469Jun 13, 2023Close87.688Jun 22, 2023Close87.719Jun 30, 2023Close87.438Jul 11, 2023Close86.969Jul 19, 2023Close88.156Jul 27, 2023Close86.969Aug 4, 2023Close87.375Aug 14, 2023Close86.531Aug 22, 2023Close86.063Aug 30, 2023Close86.938Sep 8, 2023Close86.469Sep 18, 2023Close86.250Sep 26, 2023Close85.594Oct 4, 2023Close85.250Oct 13, 2023Close85.625Oct 23, 2023Close84.969Oct 31, 2023Close84.969Nov 8, 2023Close86.313Nov 16, 2023Close86.719Nov 27, 2023Close86.906Dec 5, 2023Close88.000Dec 13, 2023Close88.625Dec 21, 2023Close89.219Jan 2, 2024Close89.094Jan 10, 2024Close88.938Jan 19, 2024Close88.688Jan 29, 2024Close89.094Feb 6, 2024Close88.875Feb 14, 2024Close88.063Feb 23, 2024Close87.969Mar 4, 2024Close88.313Mar 12, 2024Close88.594Mar 20, 2024Close88.250Mar 28, 2024Close88.438Apr 8, 2024Close87.688Apr 16, 2024Close86.750Apr 24, 2024Close86.938May 2, 2024Close87.313May 10, 2024Close87.563May 20, 2024Close87.844May 29, 2024Close87.219Jun 6, 2024Close88.563Jun 14, 2024Close88.813Jun 25, 2024Close88.750Jul 3, 2024Close88.594Jul 12, 2024Close89.531Jul 22, 2024Close89.313Jul 30, 2024Close89.875Aug 7, 2024Close90.875Aug 15, 2024Close90.844Aug 23, 2024Close91.406Sep 3, 2024Close91.438Sep 11, 2024Close92.313Sep 19, 2024Close92.219Sep 27, 2024Close92.250Oct 7, 2024Close90.875Oct 16, 2024Close91.063Oct 24, 2024Close90.438Nov 1, 2024Close89.875Nov 12, 2024Close89.531Nov 20, 2024Close89.750Nov 29, 2024Close90.500Dec 9, 2024Close90.531Dec 17, 2024Close90.031Dec 26, 2024Close89.563Jan 6, 2025Close89.719Jan 14, 2025Close89.250Jan 23, 2025Close89.750Jan 31, 2025Close90.094Feb 10, 2025Close90.156Feb 19, 2025Close90.188Feb 27, 2025Close91.094Mar 7, 2025Close91.219Mar 17, 2025Close91.188Mar 25, 2025Close91.406Apr 2, 2025Close91.813Apr 10, 2025Close91.750Apr 21, 2025Close92.125Apr 29, 2025Close92.688May 7, 2025Close92.406May 15, 2025Close91.813May 23, 2025Close91.813Jun 3, 2025Close92.031Jun 11, 2025Close92.125Jun 20, 2025Close92.375Jun 30, 2025Close92.938Jul 9, 2025Close92.594Jul 17, 2025Close92.438Jul 25, 2025Close92.625Aug 4, 2025Close93.281Aug 12, 2025Close93.125Aug 20, 2025Close93.219Aug 28, 2025Close93.563Sep 8, 2025Close94.000Sep 16, 2025Close93.969Sep 24, 2025Close93.656Oct 2, 2025Close93.813Oct 10, 2025Close93.969Oct 21, 2025Close94.250Oct 29, 2025Close93.875Nov 6, 2025Close93.969Nov 17, 2025Close93.938Nov 25, 2025Close94.406Dec 4, 2025Close94.219Dec 12, 2025Close94.156Dec 22, 2025Close94.313Dec 31, 2025Close94.375Jan 9, 2026Close94.281Jan 20, 2026Close94.156Jan 28, 2026Close94.250Feb 5, 2026Close94.594Feb 13, 2026Close94.906Feb 24, 2026Close94.875Mar 4, 2026Close94.688Mar 12, 2026Close94.188Mar 20, 2026Close93.906Mar 30, 2026Close94.094Apr 7, 2026Close94.156Apr 15, 2026Close94.344Apr 23, 2026Close94.250May 1, 2026Close94.156May 11, 2026Close94.063May 19, 2026Close93.625May 28, 2026Close93.938Jun 5, 2026Close93.688Jun 15, 2026Close93.969Jun 24, 2026Close93.906Jul 2, 2026Close93.938Jul 13, 2026Close93.750Jul 21, 2026Close93.813Jul 29, 2026Close93.875Aug 6, 2026Close93.906Aug 14, 2026Close94.156Aug 24, 2026Close94.063Sep 1, 2026Close93.813Sep 10, 2026Close93.531Sep 18, 2026Close93.219Sep 28, 2026Close92.969Oct 6, 2026Close93.281Oct 15, 2026Close93.406Oct 23, 2026Close93.656Nov 2, 2026Close93.906Nov 9, 2026Close94.031
The most recent 20 trading days of prices for 91282CDL2.
DateBidOfferClose
Nov 9, 202694.03194.04794.031
Nov 6, 202694.09494.10994.094
Nov 5, 202694.06394.07894.156
Nov 4, 202693.90693.92293.938
Nov 3, 202693.87593.89193.875
Nov 2, 202693.93893.95393.906
Oct 30, 202693.84493.85993.938
Oct 29, 202693.78193.79793.750
Oct 28, 202693.53193.54793.625
Oct 27, 202693.62593.64193.594
Oct 26, 202693.62593.64193.625
Oct 23, 202693.65693.67293.656
Oct 22, 202693.59493.62593.688
Oct 21, 202693.43893.45393.406
Oct 20, 202693.46993.48493.438
Oct 19, 202693.43893.46993.438
Oct 16, 202693.50093.53193.500
Oct 15, 202693.40693.42293.406
Oct 14, 202693.21993.23493.313
Oct 13, 202693.31393.32893.344

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 91282CDL2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 23, 2021Nov 30, 2021New issue$59.0bn$63.9bn2.42x1.588%

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.