Treasury note

91282CDY4 · 1.875% due February 15, 2032

Original term
10-Year
Maturity
Feb 15, 2032
Coupon
1.875%
Pays
Semi-Annual
Dated
Feb 15, 2022
First coupon
Aug 15, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$140.51bn
Held stripped
$14.4m
Share stripped
0.01%

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
4.712%
Modified duration
4.876 yr
DV01
0.0426
Convexity
0.27
Dirty price
87.350

Where its rate sensitivity sits

<.01
<.01
0.02
0.04
0.09
4.21
0.63
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 7 of twelve buckets, summing to 4.993 years against a modified duration of 4.876.

Against the fitted curve

Priced 1.9 bp cheap to the curve on that day, 8.11 cents per 100 of face.

That is 0.31 standard deviations from its own typical residual.

Yield to maturity, 1,183 observations

1%2%3%4%5%6%Feb 15, 2022Nov 9, 2026Feb 15, 2022Yield to maturity2.049%Feb 23, 2022Yield to maturity1.986%Mar 2, 2022Yield to maturity1.861%Mar 9, 2022Yield to maturity1.934%Mar 16, 2022Yield to maturity2.185%Mar 23, 2022Yield to maturity2.322%Mar 30, 2022Yield to maturity2.352%Apr 6, 2022Yield to maturity2.605%Apr 13, 2022Yield to maturity2.701%Apr 21, 2022Yield to maturity2.902%Apr 28, 2022Yield to maturity2.849%May 5, 2022Yield to maturity3.050%May 12, 2022Yield to maturity2.853%May 19, 2022Yield to maturity2.855%May 26, 2022Yield to maturity2.760%Jun 3, 2022Yield to maturity2.961%Jun 10, 2022Yield to maturity3.166%Jun 17, 2022Yield to maturity3.250%Jun 27, 2022Yield to maturity3.199%Jul 5, 2022Yield to maturity2.824%Jul 12, 2022Yield to maturity2.948%Jul 19, 2022Yield to maturity3.009%Jul 26, 2022Yield to maturity2.809%Aug 2, 2022Yield to maturity2.744%Aug 9, 2022Yield to maturity2.789%Aug 16, 2022Yield to maturity2.826%Aug 23, 2022Yield to maturity3.056%Aug 30, 2022Yield to maturity3.128%Sep 7, 2022Yield to maturity3.279%Sep 14, 2022Yield to maturity3.411%Sep 21, 2022Yield to maturity3.524%Sep 28, 2022Yield to maturity3.747%Oct 5, 2022Yield to maturity3.776%Oct 13, 2022Yield to maturity3.984%Oct 20, 2022Yield to maturity4.242%Oct 27, 2022Yield to maturity3.961%Nov 3, 2022Yield to maturity4.141%Nov 10, 2022Yield to maturity3.841%Nov 18, 2022Yield to maturity3.822%Nov 28, 2022Yield to maturity3.698%Dec 5, 2022Yield to maturity3.609%Dec 12, 2022Yield to maturity3.617%Dec 19, 2022Yield to maturity3.572%Dec 27, 2022Yield to maturity3.837%Jan 4, 2023Yield to maturity3.681%Jan 11, 2023Yield to maturity3.526%Jan 19, 2023Yield to maturity3.373%Jan 26, 2023Yield to maturity3.463%Feb 2, 2023Yield to maturity3.370%Feb 9, 2023Yield to maturity3.677%Feb 16, 2023Yield to maturity3.861%Feb 24, 2023Yield to maturity3.962%Mar 3, 2023Yield to maturity3.980%Mar 10, 2023Yield to maturity3.702%Mar 17, 2023Yield to maturity3.416%Mar 24, 2023Yield to maturity3.384%Mar 31, 2023Yield to maturity3.488%Apr 7, 2023Yield to maturity3.398%Apr 14, 2023Yield to maturity3.513%Apr 21, 2023Yield to maturity3.565%Apr 28, 2023Yield to maturity3.430%May 5, 2023Yield to maturity3.411%May 12, 2023Yield to maturity3.441%May 19, 2023Yield to maturity3.693%May 26, 2023Yield to maturity3.812%Jun 5, 2023Yield to maturity3.705%Jun 12, 2023Yield to maturity3.755%Jun 20, 2023Yield to maturity3.760%Jun 27, 2023Yield to maturity3.792%Jul 5, 2023Yield to maturity3.980%Jul 12, 2023Yield to maturity3.885%Jul 19, 2023Yield to maturity3.771%Jul 26, 2023Yield to maturity3.888%Aug 2, 2023Yield to maturity4.089%Aug 9, 2023Yield to maturity4.012%Aug 16, 2023Yield to maturity4.303%Aug 23, 2023Yield to maturity4.225%Aug 30, 2023Yield to maturity4.156%Sep 7, 2023Yield to maturity4.294%Sep 14, 2023Yield to maturity4.319%Sep 21, 2023Yield to maturity4.510%Sep 28, 2023Yield to maturity4.617%Oct 5, 2023Yield to maturity4.731%Oct 13, 2023Yield to maturity4.652%Oct 20, 2023Yield to maturity4.929%Oct 27, 2023Yield to maturity4.851%Nov 3, 2023Yield to maturity4.566%Nov 10, 2023Yield to maturity4.660%Nov 17, 2023Yield to maturity4.470%Nov 27, 2023Yield to maturity4.420%Dec 4, 2023Yield to maturity4.298%Dec 11, 2023Yield to maturity4.258%Dec 18, 2023Yield to maturity3.968%Dec 26, 2023Yield to maturity3.914%Jan 3, 2024Yield to maturity3.929%Jan 10, 2024Yield to maturity4.038%Jan 18, 2024Yield to maturity4.129%Jan 25, 2024Yield to maturity4.119%Feb 1, 2024Yield to maturity3.854%Feb 8, 2024Yield to maturity4.175%Feb 15, 2024Yield to maturity4.262%Feb 23, 2024Yield to maturity4.285%Mar 1, 2024Yield to maturity4.202%Mar 8, 2024Yield to maturity4.095%Mar 15, 2024Yield to maturity4.322%Mar 22, 2024Yield to maturity4.218%Apr 1, 2024Yield to maturity4.333%Apr 8, 2024Yield to maturity4.434%Apr 15, 2024Yield to maturity4.642%Apr 22, 2024Yield to maturity4.638%Apr 29, 2024Yield to maturity4.644%May 6, 2024Yield to maturity4.489%May 13, 2024Yield to maturity4.495%May 20, 2024Yield to maturity4.448%May 28, 2024Yield to maturity4.562%Jun 4, 2024Yield to maturity4.343%Jun 11, 2024Yield to maturity4.402%Jun 18, 2024Yield to maturity4.222%Jun 26, 2024Yield to maturity4.334%Jul 3, 2024Yield to maturity4.352%Jul 11, 2024Yield to maturity4.171%Jul 18, 2024Yield to maturity4.171%Jul 25, 2024Yield to maturity4.224%Aug 1, 2024Yield to maturity3.928%Aug 8, 2024Yield to maturity3.944%Aug 15, 2024Yield to maturity3.870%Aug 22, 2024Yield to maturity3.807%Aug 29, 2024Yield to maturity3.801%Sep 6, 2024Yield to maturity3.635%Sep 13, 2024Yield to maturity3.567%Sep 20, 2024Yield to maturity3.638%Sep 27, 2024Yield to maturity3.653%Oct 4, 2024Yield to maturity3.916%Oct 11, 2024Yield to maturity4.007%Oct 21, 2024Yield to maturity4.110%Oct 28, 2024Yield to maturity4.219%Nov 4, 2024Yield to maturity4.269%Nov 12, 2024Yield to maturity4.415%Nov 19, 2024Yield to maturity4.348%Nov 26, 2024Yield to maturity4.265%Dec 4, 2024Yield to maturity4.150%Dec 11, 2024Yield to maturity4.217%Dec 18, 2024Yield to maturity4.470%Dec 26, 2024Yield to maturity4.523%Jan 3, 2025Yield to maturity4.527%Jan 10, 2025Yield to maturity4.713%Jan 17, 2025Yield to maturity4.536%Jan 27, 2025Yield to maturity4.445%Feb 3, 2025Yield to maturity4.463%Feb 10, 2025Yield to maturity4.435%Feb 18, 2025Yield to maturity4.494%Feb 25, 2025Yield to maturity4.231%Mar 4, 2025Yield to maturity4.129%Mar 11, 2025Yield to maturity4.175%Mar 18, 2025Yield to maturity4.198%Mar 25, 2025Yield to maturity4.198%Apr 1, 2025Yield to maturity4.044%Apr 8, 2025Yield to maturity4.073%Apr 15, 2025Yield to maturity4.171%Apr 23, 2025Yield to maturity4.218%Apr 30, 2025Yield to maturity3.937%May 7, 2025Yield to maturity4.063%May 14, 2025Yield to maturity4.354%May 21, 2025Yield to maturity4.367%May 29, 2025Yield to maturity4.204%Jun 5, 2025Yield to maturity4.187%Jun 12, 2025Yield to maturity4.146%Jun 20, 2025Yield to maturity4.149%Jun 27, 2025Yield to maturity4.032%Jul 7, 2025Yield to maturity4.151%Jul 14, 2025Yield to maturity4.169%Jul 21, 2025Yield to maturity4.110%Jul 28, 2025Yield to maturity4.158%Aug 4, 2025Yield to maturity3.928%Aug 11, 2025Yield to maturity4.004%Aug 18, 2025Yield to maturity4.046%Aug 25, 2025Yield to maturity3.980%Sep 2, 2025Yield to maturity3.945%Sep 9, 2025Yield to maturity3.773%Sep 16, 2025Yield to maturity3.743%Sep 23, 2025Yield to maturity3.831%Sep 30, 2025Yield to maturity3.891%Oct 7, 2025Yield to maturity3.860%Oct 15, 2025Yield to maturity3.771%Oct 22, 2025Yield to maturity3.699%Oct 29, 2025Yield to maturity3.836%Nov 5, 2025Yield to maturity3.902%Nov 13, 2025Yield to maturity3.842%Nov 20, 2025Yield to maturity3.811%Nov 28, 2025Yield to maturity3.735%Dec 5, 2025Yield to maturity3.849%Dec 12, 2025Yield to maturity3.892%Dec 19, 2025Yield to maturity3.843%Dec 29, 2025Yield to maturity3.812%Jan 6, 2026Yield to maturity3.862%Jan 13, 2026Yield to maturity3.880%Jan 21, 2026Yield to maturity3.968%Jan 28, 2026Yield to maturity3.975%Feb 4, 2026Yield to maturity3.975%Feb 11, 2026Yield to maturity3.880%Feb 19, 2026Yield to maturity3.768%Feb 26, 2026Yield to maturity3.705%Mar 5, 2026Yield to maturity3.837%Mar 12, 2026Yield to maturity3.995%Mar 19, 2026Yield to maturity3.995%Mar 26, 2026Yield to maturity4.208%Apr 2, 2026Yield to maturity4.053%Apr 9, 2026Yield to maturity4.028%Apr 16, 2026Yield to maturity4.022%Apr 23, 2026Yield to maturity4.061%Apr 30, 2026Yield to maturity4.120%May 7, 2026Yield to maturity4.141%May 14, 2026Yield to maturity4.214%May 21, 2026Yield to maturity4.328%May 29, 2026Yield to maturity4.219%Jun 5, 2026Yield to maturity4.347%Jun 12, 2026Yield to maturity4.274%Jun 22, 2026Yield to maturity4.338%Jun 29, 2026Yield to maturity4.190%Jul 7, 2026Yield to maturity4.328%Jul 14, 2026Yield to maturity4.363%Jul 21, 2026Yield to maturity4.420%Jul 28, 2026Yield to maturity4.414%Aug 4, 2026Yield to maturity4.395%Aug 11, 2026Yield to maturity4.453%Aug 18, 2026Yield to maturity4.433%Aug 25, 2026Yield to maturity4.400%Sep 1, 2026Yield to maturity4.605%Sep 9, 2026Yield to maturity4.658%Sep 16, 2026Yield to maturity4.905%Sep 23, 2026Yield to maturity5.032%Sep 30, 2026Yield to maturity5.139%Oct 7, 2026Yield to maturity5.091%Oct 15, 2026Yield to maturity4.963%Oct 22, 2026Yield to maturity4.826%Oct 29, 2026Yield to maturity4.836%Nov 5, 2026Yield to maturity4.641%Nov 9, 2026Yield to maturity4.712%

Price history

1,183 trading days to Nov 9, 2026

7580859095100105Feb 15, 2022Nov 9, 2026Feb 15, 2022Close98.438Feb 23, 2022Close99.000Mar 2, 2022Close100.125Mar 9, 2022Close99.469Mar 16, 2022Close97.250Mar 23, 2022Close96.063Mar 30, 2022Close95.813Apr 6, 2022Close93.688Apr 13, 2022Close92.906Apr 21, 2022Close91.281Apr 28, 2022Close91.719May 5, 2022Close90.125May 12, 2022Close91.719May 19, 2022Close91.719May 26, 2022Close92.500Jun 3, 2022Close90.906Jun 10, 2022Close89.313Jun 17, 2022Close88.688Jun 27, 2022Close89.094Jul 5, 2022Close92.063Jul 12, 2022Close91.094Jul 19, 2022Close90.625Jul 26, 2022Close92.219Aug 2, 2022Close92.750Aug 9, 2022Close92.406Aug 16, 2022Close92.125Aug 23, 2022Close90.344Aug 30, 2022Close89.813Sep 7, 2022Close88.688Sep 14, 2022Close87.719Sep 21, 2022Close86.906Sep 28, 2022Close85.313Oct 5, 2022Close85.125Oct 13, 2022Close83.688Oct 20, 2022Close81.938Oct 27, 2022Close83.906Nov 3, 2022Close82.688Nov 10, 2022Close84.813Nov 18, 2022Close84.969Nov 28, 2022Close85.875Dec 5, 2022Close86.531Dec 12, 2022Close86.500Dec 19, 2022Close86.844Dec 27, 2022Close85.000Jan 4, 2023Close86.125Jan 11, 2023Close87.250Jan 19, 2023Close88.375Jan 26, 2023Close87.750Feb 2, 2023Close88.438Feb 9, 2023Close86.281Feb 16, 2023Close85.031Feb 24, 2023Close84.375Mar 3, 2023Close84.281Mar 10, 2023Close86.219Mar 17, 2023Close88.250Mar 24, 2023Close88.500Mar 31, 2023Close87.781Apr 7, 2023Close88.438Apr 14, 2023Close87.656Apr 21, 2023Close87.313Apr 28, 2023Close88.281May 5, 2023Close88.438May 12, 2023Close88.250May 19, 2023Close86.531May 26, 2023Close85.750Jun 5, 2023Close86.500Jun 12, 2023Close86.188Jun 20, 2023Close86.188Jun 27, 2023Close86.000Jul 5, 2023Close84.781Jul 12, 2023Close85.438Jul 19, 2023Close86.219Jul 26, 2023Close85.469Aug 2, 2023Close84.188Aug 9, 2023Close84.719Aug 16, 2023Close82.875Aug 23, 2023Close83.406Aug 30, 2023Close83.875Sep 7, 2023Close83.031Sep 14, 2023Close82.906Sep 21, 2023Close81.750Sep 28, 2023Close81.125Oct 5, 2023Close80.469Oct 13, 2023Close81.000Oct 20, 2023Close79.375Oct 27, 2023Close79.875Nov 3, 2023Close81.625Nov 10, 2023Close81.094Nov 17, 2023Close82.281Nov 27, 2023Close82.625Dec 4, 2023Close83.406Dec 11, 2023Close83.688Dec 18, 2023Close85.531Dec 26, 2023Close85.906Jan 3, 2024Close85.844Jan 10, 2024Close85.188Jan 18, 2024Close84.656Jan 25, 2024Close84.750Feb 1, 2024Close86.438Feb 8, 2024Close84.469Feb 15, 2024Close83.969Feb 23, 2024Close83.875Mar 1, 2024Close84.406Mar 8, 2024Close85.094Mar 15, 2024Close83.750Mar 22, 2024Close84.406Apr 1, 2024Close83.750Apr 8, 2024Close83.188Apr 15, 2024Close82.000Apr 22, 2024Close82.063Apr 29, 2024Close82.063May 6, 2024Close83.000May 13, 2024Close83.000May 20, 2024Close83.313May 28, 2024Close82.688Jun 4, 2024Close84.000Jun 11, 2024Close83.688Jun 18, 2024Close84.781Jun 26, 2024Close84.156Jul 3, 2024Close84.094Jul 11, 2024Close85.188Jul 18, 2024Close85.219Jul 25, 2024Close84.938Aug 1, 2024Close86.719Aug 8, 2024Close86.656Aug 15, 2024Close87.125Aug 22, 2024Close87.531Aug 29, 2024Close87.594Sep 6, 2024Close88.625Sep 13, 2024Close89.063Sep 20, 2024Close88.656Sep 27, 2024Close88.594Oct 4, 2024Close87.063Oct 11, 2024Close86.563Oct 21, 2024Close86.000Oct 28, 2024Close85.406Nov 4, 2024Close85.156Nov 12, 2024Close84.375Nov 19, 2024Close84.781Nov 26, 2024Close85.281Dec 4, 2024Close85.969Dec 11, 2024Close85.625Dec 18, 2024Close84.250Dec 26, 2024Close84.000Jan 3, 2025Close84.031Jan 10, 2025Close83.063Jan 17, 2025Close84.063Jan 27, 2025Close84.594Feb 3, 2025Close84.531Feb 10, 2025Close84.719Feb 18, 2025Close84.438Feb 25, 2025Close85.906Mar 4, 2025Close86.500Mar 11, 2025Close86.281Mar 18, 2025Close86.188Mar 25, 2025Close86.219Apr 1, 2025Close87.094Apr 8, 2025Close86.969Apr 15, 2025Close86.469Apr 23, 2025Close86.250Apr 30, 2025Close87.813May 7, 2025Close87.156May 14, 2025Close85.625May 21, 2025Close85.594May 29, 2025Close86.500Jun 5, 2025Close86.625Jun 12, 2025Close86.875Jun 20, 2025Close86.906Jun 27, 2025Close87.563Jul 7, 2025Close86.969Jul 14, 2025Close86.906Jul 21, 2025Close87.250Jul 28, 2025Close87.031Aug 4, 2025Close88.281Aug 11, 2025Close87.906Aug 18, 2025Close87.719Aug 25, 2025Close88.094Sep 2, 2025Close88.313Sep 9, 2025Close89.250Sep 16, 2025Close89.438Sep 23, 2025Close89.000Sep 30, 2025Close88.719Oct 7, 2025Close88.906Oct 15, 2025Close89.406Oct 22, 2025Close89.813Oct 29, 2025Close89.125Nov 5, 2025Close88.813Nov 13, 2025Close89.156Nov 20, 2025Close89.344Nov 28, 2025Close89.781Dec 5, 2025Close89.219Dec 12, 2025Close89.031Dec 19, 2025Close89.313Dec 29, 2025Close89.500Jan 6, 2026Close89.281Jan 13, 2026Close89.219Jan 21, 2026Close88.813Jan 28, 2026Close88.813Feb 4, 2026Close88.844Feb 11, 2026Close89.344Feb 19, 2026Close89.938Feb 26, 2026Close90.281Mar 5, 2026Close89.656Mar 12, 2026Close88.906Mar 19, 2026Close88.938Mar 26, 2026Close87.938Apr 2, 2026Close88.719Apr 9, 2026Close88.875Apr 16, 2026Close88.938Apr 23, 2026Close88.781Apr 30, 2026Close88.531May 7, 2026Close88.469May 14, 2026Close88.156May 21, 2026Close87.656May 29, 2026Close88.219Jun 5, 2026Close87.656Jun 12, 2026Close88.031Jun 22, 2026Close87.781Jun 29, 2026Close88.500Jul 7, 2026Close87.906Jul 14, 2026Close87.781Jul 21, 2026Close87.563Jul 28, 2026Close87.625Aug 4, 2026Close87.750Aug 11, 2026Close87.531Aug 18, 2026Close87.656Aug 25, 2026Close87.844Sep 1, 2026Close86.969Sep 9, 2026Close86.781Sep 16, 2026Close85.750Sep 23, 2026Close85.250Sep 30, 2026Close84.844Oct 7, 2026Close85.094Oct 15, 2026Close85.688Oct 22, 2026Close86.313Oct 29, 2026Close86.313Nov 5, 2026Close87.188Nov 9, 2026Close86.906
The most recent 20 trading days of prices for 91282CDY4.
DateBidOfferClose
Nov 9, 202686.90686.93886.906
Nov 6, 202686.96987.00087.000
Nov 5, 202687.03187.07887.188
Nov 4, 202686.71986.75086.813
Nov 3, 202686.59486.62586.563
Nov 2, 202686.78186.81386.719
Oct 30, 202686.53186.54786.625
Oct 29, 202686.34486.37586.313
Oct 28, 202685.96986.00086.000
Oct 27, 202686.15686.18886.125
Oct 26, 202686.15686.18886.125
Oct 23, 202686.18886.20386.188
Oct 22, 202686.09486.12586.313
Oct 21, 202685.68885.71985.563
Oct 20, 202685.71985.73485.625
Oct 19, 202685.65685.67285.594
Oct 16, 202685.81385.84485.813
Oct 15, 202685.68885.71985.688
Oct 14, 202685.03185.07885.313
Oct 13, 202685.25085.26685.281

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.

3 auctions

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 91282CDY4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 9, 2022Feb 15, 2022New issue$37.0bn$59.4bn2.68x1.904%
Mar 9, 2022Mar 15, 2022Reopening$34.0bn$39.7bn2.47x1.920%
Apr 12, 2022Apr 18, 2022Reopening$34.0bn$42.1bn2.43x2.720%

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.