Treasury note

91282CDP3 · 1.375% due December 31, 2028

Original term
7-Year
Maturity
Dec 31, 2028
Coupon
1.375%
Pays
Semi-Annual
Dated
Dec 31, 2021
First coupon
Jun 30, 2022
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$63.61bn
Held stripped
$0.0m
Share stripped
0.00%

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, October 20, 2026

Yield to maturity
4.822%
Modified duration
2.107 yr
DV01
0.0197
Convexity
0.0552
Dirty price
93.328

Where its rate sensitivity sits

<.01
<.01
0.01
1.73
0.41
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 5 of twelve buckets, summing to 2.159 years against a modified duration of 2.107.

Against the fitted curve

Priced 1.1 bp rich to the curve on that day, 2.07 cents per 100 of face.

That is 0.06 standard deviations from its own typical residual.

Yield to maturity, 1,202 observations

1%2%3%4%5%6%Dec 31, 2021Oct 20, 2026Dec 31, 2021Yield to maturity1.436%Jan 10, 2022Yield to maturity1.714%Jan 19, 2022Yield to maturity1.783%Jan 27, 2022Yield to maturity1.785%Feb 4, 2022Yield to maturity1.899%Feb 14, 2022Yield to maturity1.991%Feb 23, 2022Yield to maturity1.978%Mar 3, 2022Yield to maturity1.820%Mar 11, 2022Yield to maturity2.012%Mar 21, 2022Yield to maturity2.369%Mar 29, 2022Yield to maturity2.497%Apr 6, 2022Yield to maturity2.708%Apr 14, 2022Yield to maturity2.853%Apr 25, 2022Yield to maturity2.859%May 3, 2022Yield to maturity3.046%May 11, 2022Yield to maturity2.946%May 19, 2022Yield to maturity2.868%May 27, 2022Yield to maturity2.770%Jun 7, 2022Yield to maturity3.019%Jun 15, 2022Yield to maturity3.388%Jun 24, 2022Yield to maturity3.190%Jul 5, 2022Yield to maturity2.863%Jul 13, 2022Yield to maturity3.003%Jul 21, 2022Yield to maturity2.992%Jul 29, 2022Yield to maturity2.699%Aug 8, 2022Yield to maturity2.861%Aug 16, 2022Yield to maturity2.923%Aug 24, 2022Yield to maturity3.228%Sep 1, 2022Yield to maturity3.399%Sep 12, 2022Yield to maturity3.486%Sep 20, 2022Yield to maturity3.723%Sep 28, 2022Yield to maturity3.890%Oct 6, 2022Yield to maturity4.017%Oct 17, 2022Yield to maturity4.212%Oct 25, 2022Yield to maturity4.222%Nov 2, 2022Yield to maturity4.270%Nov 10, 2022Yield to maturity3.933%Nov 21, 2022Yield to maturity3.967%Nov 30, 2022Yield to maturity3.795%Dec 8, 2022Yield to maturity3.671%Dec 16, 2022Yield to maturity3.594%Dec 27, 2022Yield to maturity3.938%Jan 5, 2023Yield to maturity3.852%Jan 13, 2023Yield to maturity3.584%Jan 24, 2023Yield to maturity3.554%Feb 1, 2023Yield to maturity3.461%Feb 9, 2023Yield to maturity3.833%Feb 17, 2023Yield to maturity3.988%Feb 28, 2023Yield to maturity4.123%Mar 8, 2023Yield to maturity4.260%Mar 16, 2023Yield to maturity3.715%Mar 24, 2023Yield to maturity3.441%Apr 3, 2023Yield to maturity3.533%Apr 11, 2023Yield to maturity3.541%Apr 19, 2023Yield to maturity3.713%Apr 27, 2023Yield to maturity3.616%May 5, 2023Yield to maturity3.443%May 15, 2023Yield to maturity3.510%May 23, 2023Yield to maturity3.778%Jun 1, 2023Yield to maturity3.728%Jun 9, 2023Yield to maturity3.936%Jun 20, 2023Yield to maturity3.961%Jun 28, 2023Yield to maturity3.964%Jul 7, 2023Yield to maturity4.327%Jul 17, 2023Yield to maturity4.001%Jul 25, 2023Yield to maturity4.152%Aug 2, 2023Yield to maturity4.233%Aug 10, 2023Yield to maturity4.216%Aug 18, 2023Yield to maturity4.388%Aug 28, 2023Yield to maturity4.392%Sep 6, 2023Yield to maturity4.457%Sep 14, 2023Yield to maturity4.440%Sep 22, 2023Yield to maturity4.588%Oct 2, 2023Yield to maturity4.750%Oct 11, 2023Yield to maturity4.630%Oct 19, 2023Yield to maturity5.007%Oct 27, 2023Yield to maturity4.827%Nov 6, 2023Yield to maturity4.658%Nov 14, 2023Yield to maturity4.468%Nov 22, 2023Yield to maturity4.483%Dec 1, 2023Yield to maturity4.206%Dec 11, 2023Yield to maturity4.300%Dec 19, 2023Yield to maturity3.990%Dec 28, 2023Yield to maturity3.876%Jan 8, 2024Yield to maturity3.996%Jan 17, 2024Yield to maturity4.038%Jan 25, 2024Yield to maturity4.050%Feb 2, 2024Yield to maturity4.011%Feb 12, 2024Yield to maturity4.153%Feb 21, 2024Yield to maturity4.322%Feb 29, 2024Yield to maturity4.288%Mar 8, 2024Yield to maturity4.093%Mar 18, 2024Yield to maturity4.388%Mar 26, 2024Yield to maturity4.259%Apr 3, 2024Yield to maturity4.367%Apr 11, 2024Yield to maturity4.647%Apr 19, 2024Yield to maturity4.698%Apr 29, 2024Yield to maturity4.689%May 7, 2024Yield to maturity4.516%May 15, 2024Yield to maturity4.391%May 23, 2024Yield to maturity4.561%Jun 3, 2024Yield to maturity4.466%Jun 11, 2024Yield to maturity4.448%Jun 20, 2024Yield to maturity4.307%Jun 28, 2024Yield to maturity4.383%Jul 9, 2024Yield to maturity4.282%Jul 17, 2024Yield to maturity4.104%Jul 25, 2024Yield to maturity4.192%Aug 2, 2024Yield to maturity3.645%Aug 12, 2024Yield to maturity3.788%Aug 20, 2024Yield to maturity3.741%Aug 28, 2024Yield to maturity3.703%Sep 6, 2024Yield to maturity3.527%Sep 16, 2024Yield to maturity3.430%Sep 24, 2024Yield to maturity3.481%Oct 2, 2024Yield to maturity3.568%Oct 10, 2024Yield to maturity3.929%Oct 21, 2024Yield to maturity3.990%Oct 29, 2024Yield to maturity4.117%Nov 6, 2024Yield to maturity4.290%Nov 15, 2024Yield to maturity4.320%Nov 25, 2024Yield to maturity4.201%Dec 4, 2024Yield to maturity4.101%Dec 12, 2024Yield to maturity4.196%Dec 20, 2024Yield to maturity4.370%Dec 31, 2024Yield to maturity4.372%Jan 9, 2025Yield to maturity4.434%Jan 17, 2025Yield to maturity4.411%Jan 28, 2025Yield to maturity4.324%Feb 5, 2025Yield to maturity4.247%Feb 13, 2025Yield to maturity4.376%Feb 24, 2025Yield to maturity4.210%Mar 4, 2025Yield to maturity3.999%Mar 12, 2025Yield to maturity4.061%Mar 20, 2025Yield to maturity3.991%Mar 28, 2025Yield to maturity3.943%Apr 7, 2025Yield to maturity3.766%Apr 15, 2025Yield to maturity3.925%Apr 23, 2025Yield to maturity3.940%May 1, 2025Yield to maturity3.741%May 9, 2025Yield to maturity3.925%May 19, 2025Yield to maturity4.000%May 28, 2025Yield to maturity3.998%Jun 5, 2025Yield to maturity3.934%Jun 13, 2025Yield to maturity3.953%Jun 24, 2025Yield to maturity3.790%Jul 2, 2025Yield to maturity3.805%Jul 11, 2025Yield to maturity3.907%Jul 21, 2025Yield to maturity3.830%Jul 29, 2025Yield to maturity3.845%Aug 6, 2025Yield to maturity3.674%Aug 14, 2025Yield to maturity3.730%Aug 22, 2025Yield to maturity3.666%Sep 2, 2025Yield to maturity3.650%Sep 10, 2025Yield to maturity3.517%Sep 18, 2025Yield to maturity3.574%Sep 26, 2025Yield to maturity3.678%Oct 6, 2025Yield to maturity3.639%Oct 15, 2025Yield to maturity3.526%Oct 23, 2025Yield to maturity3.508%Oct 31, 2025Yield to maturity3.614%Nov 10, 2025Yield to maturity3.609%Nov 19, 2025Yield to maturity3.602%Nov 28, 2025Yield to maturity3.488%Dec 8, 2025Yield to maturity3.616%Dec 16, 2025Yield to maturity3.530%Dec 24, 2025Yield to maturity3.581%Jan 5, 2026Yield to maturity3.534%Jan 13, 2026Yield to maturity3.585%Jan 22, 2026Yield to maturity3.673%Jan 30, 2026Yield to maturity3.600%Feb 9, 2026Yield to maturity3.557%Feb 18, 2026Yield to maturity3.492%Feb 26, 2026Yield to maturity3.448%Mar 6, 2026Yield to maturity3.589%Mar 16, 2026Yield to maturity3.693%Mar 24, 2026Yield to maturity3.936%Apr 1, 2026Yield to maturity3.843%Apr 9, 2026Yield to maturity3.799%Apr 17, 2026Yield to maturity3.722%Apr 27, 2026Yield to maturity3.818%May 5, 2026Yield to maturity3.955%May 13, 2026Yield to maturity4.003%May 21, 2026Yield to maturity4.132%Jun 1, 2026Yield to maturity4.096%Jun 9, 2026Yield to maturity4.174%Jun 17, 2026Yield to maturity4.240%Jun 26, 2026Yield to maturity4.108%Jul 7, 2026Yield to maturity4.218%Jul 15, 2026Yield to maturity4.173%Jul 23, 2026Yield to maturity4.382%Jul 31, 2026Yield to maturity4.329%Aug 10, 2026Yield to maturity4.298%Aug 18, 2026Yield to maturity4.237%Aug 26, 2026Yield to maturity4.263%Sep 3, 2026Yield to maturity4.379%Sep 14, 2026Yield to maturity4.691%Sep 22, 2026Yield to maturity4.784%Sep 30, 2026Yield to maturity4.926%Oct 8, 2026Yield to maturity4.803%Oct 19, 2026Yield to maturity4.802%Oct 20, 2026Yield to maturity4.822%

Price history

1,202 trading days to Oct 20, 2026

82.585.087.590.092.595.097.5100.0Dec 31, 2021Oct 20, 2026Dec 31, 2021Close99.594Jan 10, 2022Close97.781Jan 19, 2022Close97.344Jan 27, 2022Close97.344Feb 4, 2022Close96.625Feb 14, 2022Close96.063Feb 23, 2022Close96.156Mar 3, 2022Close97.156Mar 11, 2022Close95.969Mar 21, 2022Close93.813Mar 29, 2022Close93.063Apr 6, 2022Close91.844Apr 14, 2022Close91.031Apr 25, 2022Close91.031May 3, 2022Close90.000May 11, 2022Close90.594May 19, 2022Close91.063May 27, 2022Close91.656Jun 7, 2022Close90.281Jun 15, 2022Close88.281Jun 24, 2022Close89.406Jul 5, 2022Close91.250Jul 13, 2022Close90.500Jul 21, 2022Close90.594Jul 29, 2022Close92.250Aug 8, 2022Close91.375Aug 16, 2022Close91.063Aug 24, 2022Close89.438Sep 1, 2022Close88.563Sep 12, 2022Close88.156Sep 20, 2022Close86.969Sep 28, 2022Close86.156Oct 6, 2022Close85.563Oct 17, 2022Close84.656Oct 25, 2022Close84.656Nov 2, 2022Close84.469Nov 10, 2022Close86.188Nov 21, 2022Close86.063Nov 30, 2022Close86.969Dec 8, 2022Close87.625Dec 16, 2022Close88.063Dec 27, 2022Close86.406Jan 5, 2023Close86.875Jan 13, 2023Close88.250Jan 24, 2023Close88.438Feb 1, 2023Close88.938Feb 9, 2023Close87.156Feb 17, 2023Close86.469Feb 28, 2023Close85.875Mar 8, 2023Close85.281Mar 16, 2023Close87.906Mar 24, 2023Close89.281Apr 3, 2023Close88.875Apr 11, 2023Close88.875Apr 19, 2023Close88.094Apr 27, 2023Close88.594May 5, 2023Close89.469May 15, 2023Close89.188May 23, 2023Close87.969Jun 1, 2023Close88.250Jun 9, 2023Close87.344Jun 20, 2023Close87.281Jun 28, 2023Close87.313Jul 7, 2023Close85.750Jul 17, 2023Close87.250Jul 25, 2023Close86.625Aug 2, 2023Close86.313Aug 10, 2023Close86.438Aug 18, 2023Close85.750Aug 28, 2023Close85.781Sep 6, 2023Close85.563Sep 14, 2023Close85.688Sep 22, 2023Close85.125Oct 2, 2023Close84.500Oct 11, 2023Close85.063Oct 19, 2023Close83.563Oct 27, 2023Close84.375Nov 6, 2023Close85.125Nov 14, 2023Close85.969Nov 22, 2023Close85.969Dec 1, 2023Close87.188Dec 11, 2023Close86.844Dec 19, 2023Close88.188Dec 28, 2023Close88.719Jan 8, 2024Close88.281Jan 17, 2024Close88.156Jan 25, 2024Close88.156Feb 2, 2024Close88.375Feb 12, 2024Close87.844Feb 21, 2024Close87.219Feb 29, 2024Close87.406Mar 8, 2024Close88.250Mar 18, 2024Close87.125Mar 26, 2024Close87.688Apr 3, 2024Close87.313Apr 11, 2024Close86.281Apr 19, 2024Close86.156Apr 29, 2024Close86.250May 7, 2024Close86.969May 15, 2024Close87.500May 23, 2024Close86.906Jun 3, 2024Close87.344Jun 11, 2024Close87.469Jun 20, 2024Close88.063Jun 28, 2024Close87.844Jul 9, 2024Close88.281Jul 17, 2024Close89.000Jul 25, 2024Close88.719Aug 2, 2024Close90.844Aug 12, 2024Close90.344Aug 20, 2024Close90.563Aug 28, 2024Close90.750Sep 6, 2024Close91.469Sep 16, 2024Close91.875Sep 24, 2024Close91.719Oct 2, 2024Close91.438Oct 10, 2024Close90.156Oct 21, 2024Close90.000Oct 29, 2024Close89.594Nov 6, 2024Close89.031Nov 15, 2024Close89.000Nov 25, 2024Close89.469Dec 4, 2024Close89.875Dec 12, 2024Close89.594Dec 20, 2024Close89.063Dec 31, 2024Close89.125Jan 9, 2025Close88.969Jan 17, 2025Close89.125Jan 28, 2025Close89.469Feb 5, 2025Close89.781Feb 13, 2025Close89.406Feb 24, 2025Close90.031Mar 4, 2025Close90.781Mar 12, 2025Close90.625Mar 20, 2025Close90.906Mar 28, 2025Close91.125Apr 7, 2025Close91.750Apr 15, 2025Close91.281Apr 23, 2025Close91.281May 1, 2025Close91.969May 9, 2025Close91.438May 19, 2025Close91.250May 28, 2025Close91.313Jun 5, 2025Close91.563Jun 13, 2025Close91.563Jun 24, 2025Close92.125Jul 2, 2025Close92.125Jul 11, 2025Close91.875Jul 21, 2025Close92.156Jul 29, 2025Close92.156Aug 6, 2025Close92.719Aug 14, 2025Close92.594Aug 22, 2025Close92.844Sep 2, 2025Close92.938Sep 10, 2025Close93.375Sep 18, 2025Close93.250Sep 26, 2025Close93.000Oct 6, 2025Close93.156Oct 15, 2025Close93.531Oct 23, 2025Close93.625Oct 31, 2025Close93.375Nov 10, 2025Close93.438Nov 19, 2025Close93.500Nov 28, 2025Close93.875Dec 8, 2025Close93.563Dec 16, 2025Close93.844Dec 24, 2025Close93.750Jan 5, 2026Close93.938Jan 13, 2026Close93.844Jan 22, 2026Close93.656Jan 30, 2026Close93.906Feb 9, 2026Close94.063Feb 18, 2026Close94.281Feb 26, 2026Close94.438Mar 6, 2026Close94.125Mar 16, 2026Close93.906Mar 24, 2026Close93.344Apr 1, 2026Close93.625Apr 9, 2026Close93.781Apr 17, 2026Close94.031Apr 27, 2026Close93.844May 5, 2026Close93.563May 13, 2026Close93.500May 21, 2026Close93.250Jun 1, 2026Close93.406Jun 9, 2026Close93.281Jun 17, 2026Close93.188Jun 26, 2026Close93.563Jul 7, 2026Close93.375Jul 15, 2026Close93.531Jul 23, 2026Close93.125Jul 31, 2026Close93.313Aug 10, 2026Close93.438Aug 18, 2026Close93.625Aug 26, 2026Close93.625Sep 3, 2026Close93.438Sep 14, 2026Close92.875Sep 22, 2026Close92.750Sep 30, 2026Close92.531Oct 8, 2026Close92.844Oct 19, 2026Close92.938Oct 20, 2026Close92.906
The most recent 20 trading days of prices for 91282CDP3.
DateBidOfferClose
Oct 20, 202692.95392.93892.906
Oct 19, 202692.95392.93892.938
Oct 16, 202693.01693.00093.000
Oct 15, 202692.90692.87592.906
Oct 14, 202692.70392.68892.781
Oct 13, 202692.79792.78192.813
Oct 9, 202692.79792.78192.813
Oct 8, 202692.73492.71992.844
Oct 7, 202692.78192.75092.781
Oct 6, 202692.78192.75092.750
Oct 5, 202692.64192.62592.656
Oct 2, 202692.71992.68892.656
Oct 1, 202692.67292.65692.719
Sep 30, 202692.57892.56392.531
Sep 29, 202692.42292.40692.500
Sep 28, 202692.42292.40692.438
Sep 25, 202692.53192.50092.563
Sep 24, 202692.46992.43892.438
Sep 23, 202692.53192.50092.469
Sep 22, 202692.75092.71992.750

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 91282CDP3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 29, 2021Dec 31, 2021New issue$56.0bn$63.6bn2.21x1.480%

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.