Treasury note

91282CEB3 · 1.875% due February 28, 2029

Original term
7-Year
Maturity
Feb 28, 2029
Coupon
1.875%
Pays
Semi-Annual
Dated
Feb 28, 2022
First coupon
Aug 31, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$56.81bn
Held stripped
$79.0m
Share stripped
0.14%

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
4.590%
Modified duration
2.205 yr
DV01
0.0208
Convexity
0.0601
Dirty price
94.493

Where its rate sensitivity sits

<.01
<.01
0.02
1.56
0.67
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 2.254 years against a modified duration of 2.205.

Against the fitted curve

Priced 0.5 bp rich to the curve on that day, 1.08 cents per 100 of face.

That is -0.23 standard deviations from its own typical residual.

Yield to maturity, 1,175 observations

1%2%3%4%5%6%Feb 28, 2022Nov 9, 2026Feb 28, 2022Yield to maturity1.808%Mar 7, 2022Yield to maturity1.765%Mar 14, 2022Yield to maturity2.157%Mar 21, 2022Yield to maturity2.361%Mar 28, 2022Yield to maturity2.549%Apr 4, 2022Yield to maturity2.525%Apr 11, 2022Yield to maturity2.841%Apr 19, 2022Yield to maturity2.948%Apr 26, 2022Yield to maturity2.799%May 3, 2022Yield to maturity3.034%May 10, 2022Yield to maturity2.994%May 17, 2022Yield to maturity2.997%May 24, 2022Yield to maturity2.788%Jun 1, 2022Yield to maturity2.971%Jun 8, 2022Yield to maturity3.049%Jun 15, 2022Yield to maturity3.386%Jun 23, 2022Yield to maturity3.149%Jun 30, 2022Yield to maturity3.021%Jul 8, 2022Yield to maturity3.146%Jul 15, 2022Yield to maturity3.018%Jul 22, 2022Yield to maturity2.842%Jul 29, 2022Yield to maturity2.693%Aug 5, 2022Yield to maturity2.912%Aug 12, 2022Yield to maturity2.932%Aug 19, 2022Yield to maturity3.072%Aug 26, 2022Yield to maturity3.182%Sep 2, 2022Yield to maturity3.316%Sep 12, 2022Yield to maturity3.474%Sep 19, 2022Yield to maturity3.646%Sep 26, 2022Yield to maturity4.102%Oct 3, 2022Yield to maturity3.863%Oct 11, 2022Yield to maturity4.128%Oct 18, 2022Yield to maturity4.189%Oct 25, 2022Yield to maturity4.232%Nov 1, 2022Yield to maturity4.257%Nov 8, 2022Yield to maturity4.295%Nov 16, 2022Yield to maturity3.827%Nov 23, 2022Yield to maturity3.869%Dec 1, 2022Yield to maturity3.658%Dec 8, 2022Yield to maturity3.669%Dec 15, 2022Yield to maturity3.591%Dec 22, 2022Yield to maturity3.795%Dec 30, 2022Yield to maturity3.995%Jan 9, 2023Yield to maturity3.633%Jan 17, 2023Yield to maturity3.609%Jan 24, 2023Yield to maturity3.565%Jan 31, 2023Yield to maturity3.632%Feb 7, 2023Yield to maturity3.803%Feb 14, 2023Yield to maturity3.940%Feb 22, 2023Yield to maturity4.112%Mar 1, 2023Yield to maturity4.221%Mar 8, 2023Yield to maturity4.260%Mar 15, 2023Yield to maturity3.596%Mar 22, 2023Yield to maturity3.595%Mar 29, 2023Yield to maturity3.707%Apr 5, 2023Yield to maturity3.394%Apr 12, 2023Yield to maturity3.486%Apr 19, 2023Yield to maturity3.724%Apr 26, 2023Yield to maturity3.490%May 3, 2023Yield to maturity3.407%May 10, 2023Yield to maturity3.430%May 17, 2023Yield to maturity3.619%May 24, 2023Yield to maturity3.811%Jun 1, 2023Yield to maturity3.733%Jun 8, 2023Yield to maturity3.882%Jun 15, 2023Yield to maturity3.902%Jun 23, 2023Yield to maturity3.977%Jun 30, 2023Yield to maturity4.090%Jul 10, 2023Yield to maturity4.226%Jul 17, 2023Yield to maturity3.998%Jul 24, 2023Yield to maturity4.092%Jul 31, 2023Yield to maturity4.174%Aug 7, 2023Yield to maturity4.175%Aug 14, 2023Yield to maturity4.361%Aug 21, 2023Yield to maturity4.473%Aug 28, 2023Yield to maturity4.391%Sep 5, 2023Yield to maturity4.401%Sep 12, 2023Yield to maturity4.430%Sep 19, 2023Yield to maturity4.537%Sep 26, 2023Yield to maturity4.660%Oct 3, 2023Yield to maturity4.849%Oct 11, 2023Yield to maturity4.637%Oct 18, 2023Yield to maturity4.973%Oct 25, 2023Yield to maturity4.977%Nov 1, 2023Yield to maturity4.738%Nov 8, 2023Yield to maturity4.559%Nov 15, 2023Yield to maturity4.569%Nov 22, 2023Yield to maturity4.478%Nov 30, 2023Yield to maturity4.364%Dec 7, 2023Yield to maturity4.164%Dec 14, 2023Yield to maturity3.951%Dec 21, 2023Yield to maturity3.922%Dec 29, 2023Yield to maturity3.884%Jan 8, 2024Yield to maturity3.999%Jan 16, 2024Yield to maturity3.979%Jan 23, 2024Yield to maturity4.066%Jan 30, 2024Yield to maturity4.023%Feb 6, 2024Yield to maturity4.053%Feb 13, 2024Yield to maturity4.327%Feb 21, 2024Yield to maturity4.322%Feb 28, 2024Yield to maturity4.294%Mar 6, 2024Yield to maturity4.146%Mar 13, 2024Yield to maturity4.214%Mar 20, 2024Yield to maturity4.275%Mar 27, 2024Yield to maturity4.208%Apr 4, 2024Yield to maturity4.325%Apr 11, 2024Yield to maturity4.634%Apr 18, 2024Yield to maturity4.707%Apr 25, 2024Yield to maturity4.741%May 2, 2024Yield to maturity4.603%May 9, 2024Yield to maturity4.496%May 16, 2024Yield to maturity4.427%May 23, 2024Yield to maturity4.547%May 31, 2024Yield to maturity4.546%Jun 7, 2024Yield to maturity4.485%Jun 14, 2024Yield to maturity4.265%Jun 24, 2024Yield to maturity4.308%Jul 1, 2024Yield to maturity4.477%Jul 9, 2024Yield to maturity4.281%Jul 16, 2024Yield to maturity4.115%Jul 23, 2024Yield to maturity4.172%Jul 30, 2024Yield to maturity4.061%Aug 6, 2024Yield to maturity3.761%Aug 13, 2024Yield to maturity3.705%Aug 20, 2024Yield to maturity3.736%Aug 27, 2024Yield to maturity3.688%Sep 4, 2024Yield to maturity3.602%Sep 11, 2024Yield to maturity3.474%Sep 18, 2024Yield to maturity3.504%Sep 25, 2024Yield to maturity3.535%Oct 2, 2024Yield to maturity3.566%Oct 9, 2024Yield to maturity3.923%Oct 17, 2024Yield to maturity3.917%Oct 24, 2024Yield to maturity4.050%Oct 31, 2024Yield to maturity4.168%Nov 7, 2024Yield to maturity4.204%Nov 15, 2024Yield to maturity4.320%Nov 22, 2024Yield to maturity4.322%Dec 2, 2024Yield to maturity4.120%Dec 9, 2024Yield to maturity4.096%Dec 16, 2024Yield to maturity4.270%Dec 23, 2024Yield to maturity4.438%Dec 31, 2024Yield to maturity4.391%Jan 8, 2025Yield to maturity4.438%Jan 15, 2025Yield to maturity4.441%Jan 23, 2025Yield to maturity4.436%Jan 30, 2025Yield to maturity4.305%Feb 6, 2025Yield to maturity4.280%Feb 13, 2025Yield to maturity4.382%Feb 21, 2025Yield to maturity4.245%Feb 28, 2025Yield to maturity4.030%Mar 7, 2025Yield to maturity4.076%Mar 14, 2025Yield to maturity4.078%Mar 21, 2025Yield to maturity3.979%Mar 28, 2025Yield to maturity3.952%Apr 4, 2025Yield to maturity3.698%Apr 11, 2025Yield to maturity4.101%Apr 21, 2025Yield to maturity3.873%Apr 28, 2025Yield to maturity3.744%May 5, 2025Yield to maturity3.883%May 12, 2025Yield to maturity4.042%May 19, 2025Yield to maturity4.005%May 27, 2025Yield to maturity3.970%Jun 3, 2025Yield to maturity3.980%Jun 10, 2025Yield to maturity4.029%Jun 17, 2025Yield to maturity3.934%Jun 25, 2025Yield to maturity3.783%Jul 2, 2025Yield to maturity3.803%Jul 10, 2025Yield to maturity3.872%Jul 17, 2025Yield to maturity3.931%Jul 24, 2025Yield to maturity3.902%Jul 31, 2025Yield to maturity3.913%Aug 7, 2025Yield to maturity3.727%Aug 14, 2025Yield to maturity3.736%Aug 21, 2025Yield to maturity3.776%Aug 28, 2025Yield to maturity3.627%Sep 5, 2025Yield to maturity3.511%Sep 12, 2025Yield to maturity3.560%Sep 19, 2025Yield to maturity3.599%Sep 26, 2025Yield to maturity3.690%Oct 3, 2025Yield to maturity3.628%Oct 10, 2025Yield to maturity3.568%Oct 20, 2025Yield to maturity3.495%Oct 27, 2025Yield to maturity3.535%Nov 3, 2025Yield to maturity3.638%Nov 10, 2025Yield to maturity3.628%Nov 18, 2025Yield to maturity3.607%Nov 25, 2025Yield to maturity3.479%Dec 3, 2025Yield to maturity3.522%Dec 10, 2025Yield to maturity3.606%Dec 17, 2025Yield to maturity3.563%Dec 24, 2025Yield to maturity3.607%Jan 2, 2026Yield to maturity3.567%Jan 9, 2026Yield to maturity3.621%Jan 16, 2026Yield to maturity3.689%Jan 26, 2026Yield to maturity3.678%Feb 2, 2026Yield to maturity3.666%Feb 9, 2026Yield to maturity3.576%Feb 17, 2026Yield to maturity3.487%Feb 24, 2026Yield to maturity3.474%Mar 3, 2026Yield to maturity3.519%Mar 10, 2026Yield to maturity3.609%Mar 17, 2026Yield to maturity3.690%Mar 24, 2026Yield to maturity3.948%Mar 31, 2026Yield to maturity3.819%Apr 7, 2026Yield to maturity3.855%Apr 14, 2026Yield to maturity3.772%Apr 21, 2026Yield to maturity3.796%Apr 28, 2026Yield to maturity3.882%May 5, 2026Yield to maturity3.968%May 12, 2026Yield to maturity4.031%May 19, 2026Yield to maturity4.195%May 27, 2026Yield to maturity4.088%Jun 3, 2026Yield to maturity4.141%Jun 10, 2026Yield to maturity4.182%Jun 17, 2026Yield to maturity4.236%Jun 25, 2026Yield to maturity4.139%Jul 2, 2026Yield to maturity4.174%Jul 10, 2026Yield to maturity4.230%Jul 17, 2026Yield to maturity4.207%Jul 24, 2026Yield to maturity4.358%Jul 31, 2026Yield to maturity4.335%Aug 7, 2026Yield to maturity4.245%Aug 14, 2026Yield to maturity4.222%Aug 21, 2026Yield to maturity4.294%Aug 28, 2026Yield to maturity4.396%Sep 4, 2026Yield to maturity4.431%Sep 14, 2026Yield to maturity4.705%Sep 21, 2026Yield to maturity4.799%Sep 28, 2026Yield to maturity4.981%Oct 5, 2026Yield to maturity4.918%Oct 13, 2026Yield to maturity4.857%Oct 20, 2026Yield to maturity4.837%Oct 27, 2026Yield to maturity4.786%Nov 3, 2026Yield to maturity4.661%Nov 9, 2026Yield to maturity4.590%

Price history

1,175 trading days to Nov 9, 2026

85.087.590.092.595.097.5100.0102.5Feb 28, 2022Nov 9, 2026Feb 28, 2022Close100.438Mar 7, 2022Close100.719Mar 14, 2022Close98.188Mar 21, 2022Close96.906Mar 28, 2022Close95.750Apr 4, 2022Close95.906Apr 11, 2022Close94.000Apr 19, 2022Close93.375Apr 26, 2022Close94.281May 3, 2022Close92.906May 10, 2022Close93.156May 17, 2022Close93.156May 24, 2022Close94.406Jun 1, 2022Close93.344Jun 8, 2022Close92.906Jun 15, 2022Close91.000Jun 23, 2022Close92.375Jun 30, 2022Close93.125Jul 8, 2022Close92.438Jul 15, 2022Close93.188Jul 22, 2022Close94.219Jul 29, 2022Close95.094Aug 5, 2022Close93.844Aug 12, 2022Close93.750Aug 19, 2022Close92.969Aug 26, 2022Close92.375Sep 2, 2022Close91.656Sep 12, 2022Close90.813Sep 19, 2022Close89.906Sep 26, 2022Close87.531Oct 3, 2022Close88.813Oct 11, 2022Close87.469Oct 18, 2022Close87.188Oct 25, 2022Close87.000Nov 1, 2022Close86.906Nov 8, 2022Close86.750Nov 16, 2022Close89.188Nov 23, 2022Close89.000Dec 1, 2022Close90.125Dec 8, 2022Close90.094Dec 15, 2022Close90.531Dec 22, 2022Close89.500Dec 30, 2022Close88.531Jan 9, 2023Close90.406Jan 17, 2023Close90.563Jan 24, 2023Close90.813Jan 31, 2023Close90.500Feb 7, 2023Close89.656Feb 14, 2023Close89.000Feb 22, 2023Close88.188Mar 1, 2023Close87.688Mar 8, 2023Close87.531Mar 15, 2023Close90.844Mar 22, 2023Close90.875Mar 29, 2023Close90.344Apr 5, 2023Close91.938Apr 12, 2023Close91.500Apr 19, 2023Close90.344Apr 26, 2023Close91.531May 3, 2023Close91.969May 10, 2023Close91.875May 17, 2023Close90.969May 24, 2023Close90.063Jun 1, 2023Close90.469Jun 8, 2023Close89.781Jun 15, 2023Close89.719Jun 23, 2023Close89.406Jun 30, 2023Close88.906Jul 10, 2023Close88.313Jul 17, 2023Close89.406Jul 24, 2023Close89.000Jul 31, 2023Close88.656Aug 7, 2023Close88.688Aug 14, 2023Close87.875Aug 21, 2023Close87.406Aug 28, 2023Close87.813Sep 5, 2023Close87.813Sep 12, 2023Close87.719Sep 19, 2023Close87.281Sep 26, 2023Close86.781Oct 3, 2023Close86.000Oct 11, 2023Close86.969Oct 18, 2023Close85.563Oct 25, 2023Close85.594Nov 1, 2023Close86.656Nov 8, 2023Close87.469Nov 15, 2023Close87.469Nov 22, 2023Close87.906Nov 30, 2023Close88.438Dec 7, 2023Close89.344Dec 14, 2023Close90.313Dec 21, 2023Close90.469Dec 29, 2023Close90.688Jan 8, 2024Close90.219Jan 16, 2024Close90.344Jan 23, 2024Close90.000Jan 30, 2024Close90.219Feb 6, 2024Close90.125Feb 13, 2024Close89.000Feb 21, 2024Close89.063Feb 28, 2024Close89.219Mar 6, 2024Close89.875Mar 13, 2024Close89.625Mar 20, 2024Close89.406Mar 27, 2024Close89.719Apr 4, 2024Close89.281Apr 11, 2024Close88.063Apr 18, 2024Close87.813Apr 25, 2024Close87.719May 2, 2024Close88.313May 9, 2024Close88.781May 16, 2024Close89.094May 23, 2024Close88.656May 31, 2024Close88.719Jun 7, 2024Close89.000Jun 14, 2024Close89.906Jun 24, 2024Close89.781Jul 1, 2024Close89.156Jul 9, 2024Close89.969Jul 16, 2024Close90.656Jul 23, 2024Close90.469Jul 30, 2024Close90.938Aug 6, 2024Close92.156Aug 13, 2024Close92.406Aug 20, 2024Close92.313Aug 27, 2024Close92.531Sep 4, 2024Close92.906Sep 11, 2024Close93.438Sep 18, 2024Close93.344Sep 25, 2024Close93.250Oct 2, 2024Close93.156Oct 9, 2024Close91.813Oct 17, 2024Close91.875Oct 24, 2024Close91.406Oct 31, 2024Close91.000Nov 7, 2024Close90.906Nov 15, 2024Close90.531Nov 22, 2024Close90.563Dec 2, 2024Close91.344Dec 9, 2024Close91.469Dec 16, 2024Close90.875Dec 23, 2024Close90.313Dec 31, 2024Close90.531Jan 8, 2025Close90.406Jan 15, 2025Close90.438Jan 23, 2025Close90.500Jan 30, 2025Close91.000Feb 6, 2025Close91.125Feb 13, 2025Close90.813Feb 21, 2025Close91.344Feb 28, 2025Close92.125Mar 7, 2025Close92.000Mar 14, 2025Close92.031Mar 21, 2025Close92.406Mar 28, 2025Close92.531Apr 4, 2025Close93.438Apr 11, 2025Close92.094Apr 21, 2025Close92.906Apr 28, 2025Close93.375May 5, 2025Close92.938May 12, 2025Close92.438May 19, 2025Close92.594May 27, 2025Close92.750Jun 3, 2025Close92.750Jun 10, 2025Close92.625Jun 17, 2025Close92.969Jun 25, 2025Close93.500Jul 2, 2025Close93.469Jul 10, 2025Close93.281Jul 17, 2025Close93.125Jul 24, 2025Close93.250Jul 31, 2025Close93.250Aug 7, 2025Close93.875Aug 14, 2025Close93.875Aug 21, 2025Close93.781Aug 28, 2025Close94.281Sep 5, 2025Close94.688Sep 12, 2025Close94.563Sep 19, 2025Close94.469Sep 26, 2025Close94.219Oct 3, 2025Close94.438Oct 10, 2025Close94.656Oct 20, 2025Close94.906Oct 27, 2025Close94.813Nov 3, 2025Close94.531Nov 10, 2025Close94.594Nov 18, 2025Close94.688Nov 25, 2025Close95.094Dec 3, 2025Close95.000Dec 10, 2025Close94.781Dec 17, 2025Close94.938Dec 24, 2025Close94.844Jan 2, 2026Close95.000Jan 9, 2026Close94.875Jan 16, 2026Close94.719Jan 26, 2026Close94.781Feb 2, 2026Close94.844Feb 9, 2026Close95.125Feb 17, 2026Close95.406Feb 24, 2026Close95.469Mar 3, 2026Close95.375Mar 10, 2026Close95.156Mar 17, 2026Close94.969Mar 24, 2026Close94.313Mar 31, 2026Close94.688Apr 7, 2026Close94.625Apr 14, 2026Close94.875Apr 21, 2026Close94.844Apr 28, 2026Close94.656May 5, 2026Close94.469May 12, 2026Close94.344May 19, 2026Close93.969May 27, 2026Close94.281Jun 3, 2026Close94.188Jun 10, 2026Close94.125Jun 17, 2026Close94.031Jun 25, 2026Close94.313Jul 2, 2026Close94.281Jul 10, 2026Close94.188Jul 17, 2026Close94.281Jul 24, 2026Close93.969Jul 31, 2026Close94.063Aug 7, 2026Close94.313Aug 14, 2026Close94.406Aug 21, 2026Close94.281Aug 28, 2026Close94.094Sep 4, 2026Close94.063Sep 14, 2026Close93.500Sep 21, 2026Close93.344Sep 28, 2026Close93.000Oct 5, 2026Close93.188Oct 13, 2026Close93.375Oct 20, 2026Close93.469Oct 27, 2026Close93.625Nov 3, 2026Close93.938Nov 9, 2026Close94.125
The most recent 20 trading days of prices for 91282CEB3.
DateBidOfferClose
Nov 9, 202694.09494.12594.125
Nov 6, 202694.15694.18894.188
Nov 5, 202694.15694.17294.281
Nov 4, 202694.00094.01694.031
Nov 3, 202693.96993.98493.938
Nov 2, 202694.00094.03194.000
Oct 30, 202693.90693.93894.000
Oct 29, 202693.84493.85993.813
Oct 28, 202693.56393.57893.656
Oct 27, 202693.65693.68893.625
Oct 26, 202693.68893.70393.656
Oct 23, 202693.71993.73493.719
Oct 22, 202693.65693.68893.781
Oct 21, 202693.46993.48493.438
Oct 20, 202693.50093.51693.469
Oct 19, 202693.50093.51693.500
Oct 16, 202693.56393.57893.563
Oct 15, 202693.43893.46993.469
Oct 14, 202693.21993.25093.344
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 91282CEB3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 24, 2022Feb 28, 2022New issue$50.0bn$58.6bn2.36x1.905%

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.