Treasury note

91282CEN7 · 2.75% due April 30, 2027

Original term
5-Year
Maturity
Apr 30, 2027
Coupon
2.750%
Pays
Semi-Annual
Dated
Apr 30, 2022
First coupon
Oct 31, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$54.62bn
Held stripped
$64.0m
Share stripped
0.12%

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
4.231%
Modified duration
0.463 yr
DV01
0.0046
Convexity
0.00429
Dirty price
99.388

Where its rate sensitivity sits

0.06
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 2 of twelve buckets, summing to 0.468 years against a modified duration of 0.463.

Against the fitted curve

Priced 2.6 bp rich to the curve on that day, 1.19 cents per 100 of face.

That is -0.66 standard deviations from its own typical residual.

Yield to maturity, 1,131 observations

2.5%3.0%3.5%4.0%4.5%5.0%5.5%May 2, 2022Nov 9, 2026May 2, 2022Yield to maturity3.008%May 9, 2022Yield to maturity2.954%May 16, 2022Yield to maturity2.825%May 23, 2022Yield to maturity2.880%May 31, 2022Yield to maturity2.825%Jun 7, 2022Yield to maturity3.005%Jun 14, 2022Yield to maturity3.624%Jun 22, 2022Yield to maturity3.240%Jun 29, 2022Yield to maturity3.178%Jul 7, 2022Yield to maturity3.059%Jul 14, 2022Yield to maturity3.081%Jul 21, 2022Yield to maturity3.018%Jul 28, 2022Yield to maturity2.714%Aug 4, 2022Yield to maturity2.792%Aug 11, 2022Yield to maturity3.007%Aug 18, 2022Yield to maturity3.051%Aug 25, 2022Yield to maturity3.213%Sep 1, 2022Yield to maturity3.444%Sep 9, 2022Yield to maturity3.493%Sep 16, 2022Yield to maturity3.678%Sep 23, 2022Yield to maturity4.035%Sep 30, 2022Yield to maturity4.126%Oct 7, 2022Yield to maturity4.203%Oct 17, 2022Yield to maturity4.320%Oct 24, 2022Yield to maturity4.415%Oct 31, 2022Yield to maturity4.325%Nov 7, 2022Yield to maturity4.452%Nov 15, 2022Yield to maturity3.986%Nov 22, 2022Yield to maturity4.047%Nov 30, 2022Yield to maturity3.916%Dec 7, 2022Yield to maturity3.729%Dec 14, 2022Yield to maturity3.733%Dec 21, 2022Yield to maturity3.858%Dec 29, 2022Yield to maturity4.026%Jan 6, 2023Yield to maturity3.788%Jan 13, 2023Yield to maturity3.696%Jan 23, 2023Yield to maturity3.700%Jan 30, 2023Yield to maturity3.778%Feb 6, 2023Yield to maturity3.923%Feb 13, 2023Yield to maturity4.045%Feb 21, 2023Yield to maturity4.281%Feb 28, 2023Yield to maturity4.313%Mar 7, 2023Yield to maturity4.476%Mar 14, 2023Yield to maturity3.933%Mar 21, 2023Yield to maturity3.887%Mar 28, 2023Yield to maturity3.764%Apr 4, 2023Yield to maturity3.514%Apr 11, 2023Yield to maturity3.671%Apr 18, 2023Yield to maturity3.813%Apr 25, 2023Yield to maturity3.542%May 2, 2023Yield to maturity3.571%May 9, 2023Yield to maturity3.610%May 16, 2023Yield to maturity3.631%May 23, 2023Yield to maturity3.890%May 31, 2023Yield to maturity3.923%Jun 7, 2023Yield to maturity4.090%Jun 14, 2023Yield to maturity4.251%Jun 22, 2023Yield to maturity4.231%Jun 29, 2023Yield to maturity4.339%Jul 7, 2023Yield to maturity4.528%Jul 14, 2023Yield to maturity4.227%Jul 21, 2023Yield to maturity4.291%Jul 28, 2023Yield to maturity4.383%Aug 4, 2023Yield to maturity4.315%Aug 11, 2023Yield to maturity4.466%Aug 18, 2023Yield to maturity4.532%Aug 25, 2023Yield to maturity4.618%Sep 1, 2023Yield to maturity4.463%Sep 11, 2023Yield to maturity4.579%Sep 18, 2023Yield to maturity4.648%Sep 25, 2023Yield to maturity4.767%Oct 2, 2023Yield to maturity4.837%Oct 10, 2023Yield to maturity4.719%Oct 17, 2023Yield to maturity4.972%Oct 24, 2023Yield to maturity4.882%Oct 31, 2023Yield to maturity4.883%Nov 7, 2023Yield to maturity4.638%Nov 14, 2023Yield to maturity4.525%Nov 21, 2023Yield to maturity4.534%Nov 29, 2023Yield to maturity4.350%Dec 6, 2023Yield to maturity4.276%Dec 13, 2023Yield to maturity4.140%Dec 20, 2023Yield to maturity4.024%Dec 28, 2023Yield to maturity3.990%Jan 5, 2024Yield to maturity4.136%Jan 12, 2024Yield to maturity3.914%Jan 22, 2024Yield to maturity4.131%Jan 29, 2024Yield to maturity4.075%Feb 5, 2024Yield to maturity4.244%Feb 12, 2024Yield to maturity4.252%Feb 20, 2024Yield to maturity4.382%Feb 27, 2024Yield to maturity4.480%Mar 5, 2024Yield to maturity4.313%Mar 12, 2024Yield to maturity4.344%Mar 19, 2024Yield to maturity4.477%Mar 26, 2024Yield to maturity4.409%Apr 3, 2024Yield to maturity4.500%Apr 10, 2024Yield to maturity4.809%Apr 17, 2024Yield to maturity4.787%Apr 24, 2024Yield to maturity4.799%May 1, 2024Yield to maturity4.812%May 8, 2024Yield to maturity4.671%May 15, 2024Yield to maturity4.530%May 22, 2024Yield to maturity4.671%May 30, 2024Yield to maturity4.757%Jun 6, 2024Yield to maturity4.517%Jun 13, 2024Yield to maturity4.456%Jun 21, 2024Yield to maturity4.496%Jun 28, 2024Yield to maturity4.556%Jul 8, 2024Yield to maturity4.434%Jul 15, 2024Yield to maturity4.272%Jul 22, 2024Yield to maturity4.332%Jul 29, 2024Yield to maturity4.230%Aug 5, 2024Yield to maturity3.768%Aug 12, 2024Yield to maturity3.887%Aug 19, 2024Yield to maturity3.907%Aug 26, 2024Yield to maturity3.789%Sep 3, 2024Yield to maturity3.772%Sep 10, 2024Yield to maturity3.487%Sep 17, 2024Yield to maturity3.505%Sep 24, 2024Yield to maturity3.472%Oct 1, 2024Yield to maturity3.555%Oct 8, 2024Yield to maturity3.915%Oct 16, 2024Yield to maturity3.872%Oct 23, 2024Yield to maturity4.041%Oct 30, 2024Yield to maturity4.145%Nov 6, 2024Yield to maturity4.251%Nov 14, 2024Yield to maturity4.319%Nov 21, 2024Yield to maturity4.317%Nov 29, 2024Yield to maturity4.138%Dec 6, 2024Yield to maturity4.078%Dec 13, 2024Yield to maturity4.231%Dec 20, 2024Yield to maturity4.314%Dec 30, 2024Yield to maturity4.271%Jan 7, 2025Yield to maturity4.314%Jan 14, 2025Yield to maturity4.401%Jan 22, 2025Yield to maturity4.312%Jan 29, 2025Yield to maturity4.250%Feb 5, 2025Yield to maturity4.187%Feb 12, 2025Yield to maturity4.382%Feb 20, 2025Yield to maturity4.275%Feb 27, 2025Yield to maturity4.071%Mar 6, 2025Yield to maturity3.989%Mar 13, 2025Yield to maturity3.953%Mar 20, 2025Yield to maturity3.948%Mar 27, 2025Yield to maturity4.007%Apr 3, 2025Yield to maturity3.730%Apr 10, 2025Yield to maturity3.868%Apr 17, 2025Yield to maturity3.830%Apr 25, 2025Yield to maturity3.778%May 2, 2025Yield to maturity3.855%May 9, 2025Yield to maturity3.899%May 16, 2025Yield to maturity3.995%May 23, 2025Yield to maturity4.008%Jun 2, 2025Yield to maturity3.968%Jun 9, 2025Yield to maturity4.033%Jun 16, 2025Yield to maturity3.992%Jun 24, 2025Yield to maturity3.827%Jul 1, 2025Yield to maturity3.820%Jul 9, 2025Yield to maturity3.887%Jul 16, 2025Yield to maturity3.917%Jul 23, 2025Yield to maturity3.929%Jul 30, 2025Yield to maturity3.980%Aug 6, 2025Yield to maturity3.745%Aug 13, 2025Yield to maturity3.718%Aug 20, 2025Yield to maturity3.787%Aug 27, 2025Yield to maturity3.700%Sep 4, 2025Yield to maturity3.653%Sep 11, 2025Yield to maturity3.583%Sep 18, 2025Yield to maturity3.613%Sep 25, 2025Yield to maturity3.705%Oct 2, 2025Yield to maturity3.592%Oct 9, 2025Yield to maturity3.624%Oct 17, 2025Yield to maturity3.511%Oct 24, 2025Yield to maturity3.521%Oct 31, 2025Yield to maturity3.640%Nov 7, 2025Yield to maturity3.607%Nov 17, 2025Yield to maturity3.642%Nov 24, 2025Yield to maturity3.562%Dec 2, 2025Yield to maturity3.575%Dec 9, 2025Yield to maturity3.633%Dec 16, 2025Yield to maturity3.502%Dec 23, 2025Yield to maturity3.561%Dec 31, 2025Yield to maturity3.526%Jan 8, 2026Yield to maturity3.513%Jan 15, 2026Yield to maturity3.574%Jan 23, 2026Yield to maturity3.592%Jan 30, 2026Yield to maturity3.527%Feb 6, 2026Yield to maturity3.512%Feb 13, 2026Yield to maturity3.472%Feb 23, 2026Yield to maturity3.511%Mar 2, 2026Yield to maturity3.552%Mar 9, 2026Yield to maturity3.594%Mar 16, 2026Yield to maturity3.695%Mar 23, 2026Yield to maturity3.859%Mar 30, 2026Yield to maturity3.789%Apr 6, 2026Yield to maturity3.808%Apr 13, 2026Yield to maturity3.765%Apr 20, 2026Yield to maturity3.722%Apr 27, 2026Yield to maturity3.740%May 4, 2026Yield to maturity3.858%May 11, 2026Yield to maturity3.812%May 18, 2026Yield to maturity3.867%May 26, 2026Yield to maturity3.892%Jun 2, 2026Yield to maturity3.880%Jun 9, 2026Yield to maturity3.940%Jun 16, 2026Yield to maturity3.928%Jun 24, 2026Yield to maturity4.034%Jul 1, 2026Yield to maturity4.063%Jul 9, 2026Yield to maturity4.058%Jul 16, 2026Yield to maturity4.007%Jul 23, 2026Yield to maturity4.163%Jul 30, 2026Yield to maturity4.070%Aug 6, 2026Yield to maturity4.060%Aug 13, 2026Yield to maturity4.004%Aug 20, 2026Yield to maturity3.992%Aug 27, 2026Yield to maturity3.979%Sep 3, 2026Yield to maturity4.064%Sep 11, 2026Yield to maturity4.224%Sep 18, 2026Yield to maturity4.323%Sep 25, 2026Yield to maturity4.374%Oct 2, 2026Yield to maturity4.316%Oct 9, 2026Yield to maturity4.320%Oct 19, 2026Yield to maturity4.316%Oct 26, 2026Yield to maturity4.312%Nov 2, 2026Yield to maturity4.241%Nov 9, 2026Yield to maturity4.231%

Price history

1,131 trading days to Nov 9, 2026

92949698100102May 2, 2022Nov 9, 2026May 2, 2022Close98.813May 9, 2022Close99.063May 16, 2022Close99.656May 23, 2022Close99.406May 31, 2022Close99.656Jun 7, 2022Close98.844Jun 14, 2022Close96.125Jun 22, 2022Close97.813Jun 29, 2022Close98.094Jul 7, 2022Close98.625Jul 14, 2022Close98.531Jul 21, 2022Close98.813Jul 28, 2022Close100.156Aug 4, 2022Close99.813Aug 11, 2022Close98.875Aug 18, 2022Close98.688Aug 25, 2022Close98.000Sep 1, 2022Close97.031Sep 9, 2022Close96.844Sep 16, 2022Close96.094Sep 23, 2022Close94.656Sep 30, 2022Close94.313Oct 7, 2022Close94.031Oct 17, 2022Close93.594Oct 24, 2022Close93.250Oct 31, 2022Close93.625Nov 7, 2022Close93.156Nov 15, 2022Close95.000Nov 22, 2022Close94.781Nov 30, 2022Close95.313Dec 7, 2022Close96.063Dec 14, 2022Close96.063Dec 21, 2022Close95.594Dec 29, 2022Close94.969Jan 6, 2023Close95.906Jan 13, 2023Close96.281Jan 23, 2023Close96.281Jan 30, 2023Close96.000Feb 6, 2023Close95.469Feb 13, 2023Close95.031Feb 21, 2023Close94.188Feb 28, 2023Close94.094Mar 7, 2023Close93.531Mar 14, 2023Close95.531Mar 21, 2023Close95.719Mar 28, 2023Close96.188Apr 4, 2023Close97.125Apr 11, 2023Close96.563Apr 18, 2023Close96.063Apr 25, 2023Close97.063May 2, 2023Close96.969May 9, 2023Close96.844May 16, 2023Close96.781May 23, 2023Close95.875May 31, 2023Close95.781Jun 7, 2023Close95.219Jun 14, 2023Close94.688Jun 22, 2023Close94.781Jun 29, 2023Close94.438Jul 7, 2023Close93.844Jul 14, 2023Close94.875Jul 21, 2023Close94.688Jul 28, 2023Close94.406Aug 4, 2023Close94.656Aug 11, 2023Close94.188Aug 18, 2023Close94.000Aug 25, 2023Close93.750Sep 1, 2023Close94.281Sep 11, 2023Close93.938Sep 18, 2023Close93.750Sep 25, 2023Close93.406Oct 2, 2023Close93.219Oct 10, 2023Close93.625Oct 17, 2023Close92.875Oct 24, 2023Close93.188Oct 31, 2023Close93.219Nov 7, 2023Close94.000Nov 14, 2023Close94.375Nov 21, 2023Close94.375Nov 29, 2023Close94.969Dec 6, 2023Close95.219Dec 13, 2023Close95.656Dec 20, 2023Close96.031Dec 28, 2023Close96.156Jan 5, 2024Close95.750Jan 12, 2024Close96.438Jan 22, 2024Close95.813Jan 29, 2024Close96.000Feb 5, 2024Close95.531Feb 12, 2024Close95.531Feb 20, 2024Close95.188Feb 27, 2024Close94.938Mar 5, 2024Close95.438Mar 12, 2024Close95.375Mar 19, 2024Close95.031Mar 26, 2024Close95.250Apr 3, 2024Close95.031Apr 10, 2024Close94.219Apr 17, 2024Close94.313Apr 24, 2024Close94.313May 1, 2024Close94.313May 8, 2024Close94.719May 15, 2024Close95.125May 22, 2024Close94.781May 30, 2024Close94.594Jun 6, 2024Close95.250Jun 13, 2024Close95.438Jun 21, 2024Close95.375Jun 28, 2024Close95.250Jul 8, 2024Close95.594Jul 15, 2024Close96.031Jul 22, 2024Close95.906Jul 29, 2024Close96.188Aug 5, 2024Close97.375Aug 12, 2024Close97.094Aug 19, 2024Close97.063Aug 26, 2024Close97.375Sep 3, 2024Close97.438Sep 10, 2024Close98.156Sep 17, 2024Close98.125Sep 24, 2024Close98.219Oct 1, 2024Close98.031Oct 8, 2024Close97.188Oct 16, 2024Close97.313Oct 23, 2024Close96.938Oct 30, 2024Close96.719Nov 6, 2024Close96.500Nov 14, 2024Close96.375Nov 21, 2024Close96.406Nov 29, 2024Close96.844Dec 6, 2024Close97.000Dec 13, 2024Close96.688Dec 20, 2024Close96.531Dec 30, 2024Close96.656Jan 7, 2025Close96.594Jan 14, 2025Close96.438Jan 22, 2025Close96.656Jan 29, 2025Close96.813Feb 5, 2025Close96.969Feb 12, 2025Close96.594Feb 20, 2025Close96.844Feb 27, 2025Close97.281Mar 6, 2025Close97.469Mar 13, 2025Close97.563Mar 20, 2025Close97.594Mar 27, 2025Close97.500Apr 3, 2025Close98.063Apr 10, 2025Close97.813Apr 17, 2025Close97.906Apr 25, 2025Close98.031May 2, 2025Close97.906May 9, 2025Close97.844May 16, 2025Close97.688May 23, 2025Close97.688Jun 2, 2025Close97.781Jun 9, 2025Close97.688Jun 16, 2025Close97.781Jun 24, 2025Close98.094Jul 1, 2025Close98.125Jul 9, 2025Close98.031Jul 16, 2025Close98.000Jul 23, 2025Close98.000Jul 30, 2025Close97.938Aug 6, 2025Close98.344Aug 13, 2025Close98.406Aug 20, 2025Close98.313Aug 27, 2025Close98.469Sep 4, 2025Close98.563Sep 11, 2025Close98.688Sep 18, 2025Close98.656Sep 25, 2025Close98.531Oct 2, 2025Close98.719Oct 9, 2025Close98.688Oct 17, 2025Close98.875Oct 24, 2025Close98.875Oct 31, 2025Close98.719Nov 7, 2025Close98.781Nov 17, 2025Close98.750Nov 24, 2025Close98.875Dec 2, 2025Close98.875Dec 9, 2025Close98.813Dec 16, 2025Close99.000Dec 23, 2025Close98.938Dec 31, 2025Close99.000Jan 8, 2026Close99.031Jan 15, 2026Close98.969Jan 23, 2026Close98.969Jan 30, 2026Close99.063Feb 6, 2026Close99.094Feb 13, 2026Close99.156Feb 23, 2026Close99.125Mar 2, 2026Close99.094Mar 9, 2026Close99.063Mar 16, 2026Close98.969Mar 23, 2026Close98.813Mar 30, 2026Close98.906Apr 6, 2026Close98.906Apr 13, 2026Close98.969Apr 20, 2026Close99.031Apr 27, 2026Close99.031May 4, 2026Close98.938May 11, 2026Close99.000May 18, 2026Close98.969May 26, 2026Close98.969Jun 2, 2026Close99.000Jun 9, 2026Close98.969Jun 16, 2026Close99.000Jun 24, 2026Close98.938Jul 1, 2026Close98.938Jul 9, 2026Close98.969Jul 16, 2026Close99.031Jul 23, 2026Close98.938Jul 30, 2026Close99.031Aug 6, 2026Close99.063Aug 13, 2026Close99.125Aug 20, 2026Close99.156Aug 27, 2026Close99.188Sep 3, 2026Close99.156Sep 11, 2026Close99.094Sep 18, 2026Close99.063Sep 25, 2026Close99.063Oct 2, 2026Close99.125Oct 9, 2026Close99.156Oct 19, 2026Close99.188Oct 26, 2026Close99.219Nov 2, 2026Close99.281Nov 9, 2026Close99.313
The most recent 20 trading days of prices for 91282CEN7.
DateBidOfferClose
Nov 9, 202699.313–99.313
Nov 6, 202699.313–99.281
Nov 5, 202699.281–99.313
Nov 4, 202699.281–99.281
Nov 3, 202699.250–99.281
Nov 2, 202699.25099.26699.281
Oct 30, 202699.28199.29799.250
Oct 29, 202699.25099.26699.250
Oct 28, 202699.21999.23499.219
Oct 27, 202699.21999.23499.219
Oct 26, 202699.21999.23499.219
Oct 23, 202699.21999.23499.219
Oct 22, 202699.21999.23499.219
Oct 21, 202699.18899.20399.188
Oct 20, 202699.18899.20399.188
Oct 19, 202699.18899.20399.188
Oct 16, 202699.18899.20399.188
Oct 15, 202699.15699.17299.156
Oct 14, 202699.12599.14199.156
Oct 13, 202699.15699.17299.156

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 91282CEN7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 27, 2022May 2, 2022New issue$49.0bn$55.8bn2.41x2.785%

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.