Treasury note

91282CES6 · 2.75% due May 31, 2029

Original term
7-Year
Maturity
May 31, 2029
Coupon
2.750%
Pays
Semi-Annual
Dated
May 31, 2022
First coupon
Nov 30, 2022
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$46.12bn
Held stripped
$32.8m
Share stripped
0.07%

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
4.597%
Modified duration
2.396 yr
DV01
0.0232
Convexity
0.0709
Dirty price
96.818

Where its rate sensitivity sits

<.01
0.01
0.02
1.10
1.32
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 2.450 years against a modified duration of 2.396.

Against the fitted curve

Priced 1.6 bp rich to the curve on that day, 3.78 cents per 100 of face.

That is -0.71 standard deviations from its own typical residual.

Yield to maturity, 1,111 observations

2.5%3.0%3.5%4.0%4.5%5.0%5.5%May 31, 2022Nov 9, 2026May 31, 2022Yield to maturity2.874%Jun 7, 2022Yield to maturity3.025%Jun 14, 2022Yield to maturity3.599%Jun 22, 2022Yield to maturity3.241%Jun 29, 2022Yield to maturity3.181%Jul 7, 2022Yield to maturity3.074%Jul 14, 2022Yield to maturity3.054%Jul 21, 2022Yield to maturity2.998%Jul 28, 2022Yield to maturity2.714%Aug 4, 2022Yield to maturity2.750%Aug 11, 2022Yield to maturity2.969%Aug 18, 2022Yield to maturity3.001%Aug 25, 2022Yield to maturity3.163%Sep 1, 2022Yield to maturity3.413%Sep 9, 2022Yield to maturity3.470%Sep 16, 2022Yield to maturity3.607%Sep 23, 2022Yield to maturity3.913%Sep 30, 2022Yield to maturity4.040%Oct 7, 2022Yield to maturity4.101%Oct 17, 2022Yield to maturity4.224%Oct 24, 2022Yield to maturity4.373%Oct 31, 2022Yield to maturity4.250%Nov 7, 2022Yield to maturity4.376%Nov 15, 2022Yield to maturity3.931%Nov 22, 2022Yield to maturity3.928%Nov 30, 2022Yield to maturity3.818%Dec 7, 2022Yield to maturity3.595%Dec 14, 2022Yield to maturity3.631%Dec 21, 2022Yield to maturity3.809%Dec 29, 2022Yield to maturity3.962%Jan 6, 2023Yield to maturity3.679%Jan 13, 2023Yield to maturity3.596%Jan 23, 2023Yield to maturity3.604%Jan 30, 2023Yield to maturity3.664%Feb 6, 2023Yield to maturity3.776%Feb 13, 2023Yield to maturity3.890%Feb 21, 2023Yield to maturity4.137%Feb 28, 2023Yield to maturity4.129%Mar 7, 2023Yield to maturity4.241%Mar 14, 2023Yield to maturity3.791%Mar 21, 2023Yield to maturity3.753%Mar 28, 2023Yield to maturity3.662%Apr 4, 2023Yield to maturity3.431%Apr 11, 2023Yield to maturity3.549%Apr 18, 2023Yield to maturity3.688%Apr 25, 2023Yield to maturity3.460%May 2, 2023Yield to maturity3.492%May 9, 2023Yield to maturity3.547%May 16, 2023Yield to maturity3.567%May 23, 2023Yield to maturity3.774%May 31, 2023Yield to maturity3.759%Jun 7, 2023Yield to maturity3.946%Jun 14, 2023Yield to maturity4.036%Jun 22, 2023Yield to maturity4.003%Jun 29, 2023Yield to maturity4.094%Jul 7, 2023Yield to maturity4.314%Jul 14, 2023Yield to maturity4.015%Jul 21, 2023Yield to maturity4.057%Jul 28, 2023Yield to maturity4.175%Aug 4, 2023Yield to maturity4.160%Aug 11, 2023Yield to maturity4.318%Aug 18, 2023Yield to maturity4.394%Aug 25, 2023Yield to maturity4.439%Sep 1, 2023Yield to maturity4.320%Sep 11, 2023Yield to maturity4.430%Sep 18, 2023Yield to maturity4.482%Sep 25, 2023Yield to maturity4.660%Oct 2, 2023Yield to maturity4.767%Oct 10, 2023Yield to maturity4.687%Oct 17, 2023Yield to maturity4.918%Oct 24, 2023Yield to maturity4.883%Oct 31, 2023Yield to maturity4.897%Nov 7, 2023Yield to maturity4.603%Nov 14, 2023Yield to maturity4.480%Nov 21, 2023Yield to maturity4.465%Nov 29, 2023Yield to maturity4.296%Dec 6, 2023Yield to maturity4.179%Dec 13, 2023Yield to maturity4.063%Dec 20, 2023Yield to maturity3.907%Dec 28, 2023Yield to maturity3.891%Jan 5, 2024Yield to maturity4.058%Jan 12, 2024Yield to maturity3.887%Jan 22, 2024Yield to maturity4.054%Jan 29, 2024Yield to maturity4.003%Feb 5, 2024Yield to maturity4.151%Feb 12, 2024Yield to maturity4.156%Feb 20, 2024Yield to maturity4.280%Feb 27, 2024Yield to maturity4.348%Mar 5, 2024Yield to maturity4.164%Mar 12, 2024Yield to maturity4.183%Mar 19, 2024Yield to maturity4.329%Mar 26, 2024Yield to maturity4.249%Apr 3, 2024Yield to maturity4.362%Apr 10, 2024Yield to maturity4.628%Apr 17, 2024Yield to maturity4.641%Apr 24, 2024Yield to maturity4.677%May 1, 2024Yield to maturity4.670%May 8, 2024Yield to maturity4.530%May 15, 2024Yield to maturity4.375%May 22, 2024Yield to maturity4.484%May 30, 2024Yield to maturity4.602%Jun 6, 2024Yield to maturity4.313%Jun 13, 2024Yield to maturity4.259%Jun 21, 2024Yield to maturity4.296%Jun 28, 2024Yield to maturity4.369%Jul 8, 2024Yield to maturity4.256%Jul 15, 2024Yield to maturity4.158%Jul 22, 2024Yield to maturity4.200%Jul 29, 2024Yield to maturity4.086%Aug 5, 2024Yield to maturity3.648%Aug 12, 2024Yield to maturity3.776%Aug 19, 2024Yield to maturity3.780%Aug 26, 2024Yield to maturity3.695%Sep 3, 2024Yield to maturity3.692%Sep 10, 2024Yield to maturity3.466%Sep 17, 2024Yield to maturity3.468%Sep 24, 2024Yield to maturity3.501%Oct 1, 2024Yield to maturity3.541%Oct 8, 2024Yield to maturity3.893%Oct 16, 2024Yield to maturity3.867%Oct 23, 2024Yield to maturity4.080%Oct 30, 2024Yield to maturity4.164%Nov 6, 2024Yield to maturity4.295%Nov 14, 2024Yield to maturity4.350%Nov 21, 2024Yield to maturity4.325%Nov 29, 2024Yield to maturity4.110%Dec 6, 2024Yield to maturity4.060%Dec 13, 2024Yield to maturity4.274%Dec 20, 2024Yield to maturity4.386%Dec 30, 2024Yield to maturity4.377%Jan 7, 2025Yield to maturity4.458%Jan 14, 2025Yield to maturity4.590%Jan 22, 2025Yield to maturity4.432%Jan 29, 2025Yield to maturity4.347%Feb 5, 2025Yield to maturity4.246%Feb 12, 2025Yield to maturity4.478%Feb 20, 2025Yield to maturity4.344%Feb 27, 2025Yield to maturity4.107%Mar 6, 2025Yield to maturity4.063%Mar 13, 2025Yield to maturity4.010%Mar 20, 2025Yield to maturity3.998%Mar 27, 2025Yield to maturity4.072%Apr 3, 2025Yield to maturity3.732%Apr 10, 2025Yield to maturity3.998%Apr 17, 2025Yield to maturity3.901%Apr 25, 2025Yield to maturity3.849%May 2, 2025Yield to maturity3.880%May 9, 2025Yield to maturity3.954%May 16, 2025Yield to maturity4.029%May 23, 2025Yield to maturity4.053%Jun 2, 2025Yield to maturity3.972%Jun 9, 2025Yield to maturity4.056%Jun 16, 2025Yield to maturity4.000%Jun 24, 2025Yield to maturity3.812%Jul 1, 2025Yield to maturity3.799%Jul 9, 2025Yield to maturity3.867%Jul 16, 2025Yield to maturity3.926%Jul 23, 2025Yield to maturity3.877%Jul 30, 2025Yield to maturity3.919%Aug 6, 2025Yield to maturity3.706%Aug 13, 2025Yield to maturity3.702%Aug 20, 2025Yield to maturity3.743%Aug 27, 2025Yield to maturity3.647%Sep 4, 2025Yield to maturity3.587%Sep 11, 2025Yield to maturity3.536%Sep 18, 2025Yield to maturity3.605%Sep 25, 2025Yield to maturity3.712%Oct 2, 2025Yield to maturity3.604%Oct 9, 2025Yield to maturity3.665%Oct 17, 2025Yield to maturity3.520%Oct 24, 2025Yield to maturity3.534%Oct 31, 2025Yield to maturity3.643%Nov 7, 2025Yield to maturity3.609%Nov 17, 2025Yield to maturity3.653%Nov 24, 2025Yield to maturity3.532%Dec 2, 2025Yield to maturity3.576%Dec 9, 2025Yield to maturity3.678%Dec 16, 2025Yield to maturity3.574%Dec 23, 2025Yield to maturity3.628%Dec 31, 2025Yield to maturity3.594%Jan 8, 2026Yield to maturity3.599%Jan 15, 2026Yield to maturity3.654%Jan 23, 2026Yield to maturity3.701%Jan 30, 2026Yield to maturity3.645%Feb 6, 2026Yield to maturity3.609%Feb 13, 2026Yield to maturity3.480%Feb 23, 2026Yield to maturity3.474%Mar 2, 2026Yield to maturity3.509%Mar 9, 2026Yield to maturity3.608%Mar 16, 2026Yield to maturity3.708%Mar 23, 2026Yield to maturity3.874%Mar 30, 2026Yield to maturity3.870%Apr 6, 2026Yield to maturity3.899%Apr 13, 2026Yield to maturity3.818%Apr 20, 2026Yield to maturity3.748%Apr 27, 2026Yield to maturity3.842%May 4, 2026Yield to maturity3.993%May 11, 2026Yield to maturity3.990%May 18, 2026Yield to maturity4.156%May 26, 2026Yield to maturity4.109%Jun 2, 2026Yield to maturity4.106%Jun 9, 2026Yield to maturity4.183%Jun 16, 2026Yield to maturity4.088%Jun 24, 2026Yield to maturity4.156%Jul 1, 2026Yield to maturity4.200%Jul 9, 2026Yield to maturity4.198%Jul 16, 2026Yield to maturity4.207%Jul 23, 2026Yield to maturity4.398%Jul 30, 2026Yield to maturity4.299%Aug 6, 2026Yield to maturity4.309%Aug 13, 2026Yield to maturity4.209%Aug 20, 2026Yield to maturity4.255%Aug 27, 2026Yield to maturity4.290%Sep 3, 2026Yield to maturity4.401%Sep 11, 2026Yield to maturity4.697%Sep 18, 2026Yield to maturity4.827%Sep 25, 2026Yield to maturity4.920%Oct 2, 2026Yield to maturity4.935%Oct 9, 2026Yield to maturity4.900%Oct 19, 2026Yield to maturity4.849%Oct 26, 2026Yield to maturity4.783%Nov 2, 2026Yield to maturity4.637%Nov 9, 2026Yield to maturity4.597%

Price history

1,111 trading days to Nov 9, 2026

87.590.092.595.097.5100.0102.5May 31, 2022Nov 9, 2026May 31, 2022Close99.219Jun 7, 2022Close98.281Jun 14, 2022Close94.813Jun 22, 2022Close96.969Jun 29, 2022Close97.344Jul 7, 2022Close98.000Jul 14, 2022Close98.125Jul 21, 2022Close98.469Jul 28, 2022Close100.219Aug 4, 2022Close100.000Aug 11, 2022Close98.656Aug 18, 2022Close98.469Aug 25, 2022Close97.500Sep 1, 2022Close96.031Sep 9, 2022Close95.719Sep 16, 2022Close94.938Sep 23, 2022Close93.219Sep 30, 2022Close92.531Oct 7, 2022Close92.219Oct 17, 2022Close91.563Oct 24, 2022Close90.781Oct 31, 2022Close91.469Nov 7, 2022Close90.813Nov 15, 2022Close93.250Nov 22, 2022Close93.281Nov 30, 2022Close93.906Dec 7, 2022Close95.156Dec 14, 2022Close94.969Dec 21, 2022Close94.000Dec 29, 2022Close93.188Jan 6, 2023Close94.750Jan 13, 2023Close95.219Jan 23, 2023Close95.188Jan 30, 2023Close94.875Feb 6, 2023Close94.281Feb 13, 2023Close93.688Feb 21, 2023Close92.406Feb 28, 2023Close92.469Mar 7, 2023Close91.906Mar 14, 2023Close94.281Mar 21, 2023Close94.500Mar 28, 2023Close95.000Apr 4, 2023Close96.250Apr 11, 2023Close95.625Apr 18, 2023Close94.906Apr 25, 2023Close96.125May 2, 2023Close95.969May 9, 2023Close95.688May 16, 2023Close95.594May 23, 2023Close94.531May 31, 2023Close94.625Jun 7, 2023Close93.688Jun 14, 2023Close93.250Jun 22, 2023Close93.438Jun 29, 2023Close93.000Jul 7, 2023Close91.938Jul 14, 2023Close93.438Jul 21, 2023Close93.250Jul 28, 2023Close92.688Aug 4, 2023Close92.781Aug 11, 2023Close92.031Aug 18, 2023Close91.688Aug 25, 2023Close91.500Sep 1, 2023Close92.094Sep 11, 2023Close91.594Sep 18, 2023Close91.375Sep 25, 2023Close90.563Oct 2, 2023Close90.094Oct 10, 2023Close90.500Oct 17, 2023Close89.469Oct 24, 2023Close89.656Oct 31, 2023Close89.625Nov 7, 2023Close91.000Nov 14, 2023Close91.594Nov 21, 2023Close91.688Nov 29, 2023Close92.500Dec 6, 2023Close93.063Dec 13, 2023Close93.625Dec 20, 2023Close94.375Dec 28, 2023Close94.469Jan 5, 2024Close93.719Jan 12, 2024Close94.531Jan 22, 2024Close93.781Jan 29, 2024Close94.031Feb 5, 2024Close93.375Feb 12, 2024Close93.375Feb 20, 2024Close92.844Feb 27, 2024Close92.563Mar 5, 2024Close93.406Mar 12, 2024Close93.344Mar 19, 2024Close92.719Mar 26, 2024Close93.094Apr 3, 2024Close92.625Apr 10, 2024Close91.500Apr 17, 2024Close91.469Apr 24, 2024Close91.344May 1, 2024Close91.406May 8, 2024Close92.031May 15, 2024Close92.719May 22, 2024Close92.281May 30, 2024Close91.813Jun 6, 2024Close93.063Jun 13, 2024Close93.313Jun 21, 2024Close93.188Jun 28, 2024Close92.906Jul 8, 2024Close93.406Jul 15, 2024Close93.844Jul 22, 2024Close93.688Jul 29, 2024Close94.188Aug 5, 2024Close96.063Aug 12, 2024Close95.531Aug 19, 2024Close95.531Aug 26, 2024Close95.906Sep 3, 2024Close95.938Sep 10, 2024Close96.906Sep 17, 2024Close96.906Sep 24, 2024Close96.781Oct 1, 2024Close96.625Oct 8, 2024Close95.188Oct 16, 2024Close95.313Oct 23, 2024Close94.469Oct 30, 2024Close94.156Nov 6, 2024Close93.656Nov 14, 2024Close93.469Nov 21, 2024Close93.594Nov 29, 2024Close94.469Dec 6, 2024Close94.688Dec 13, 2024Close93.875Dec 20, 2024Close93.469Dec 30, 2024Close93.531Jan 7, 2025Close93.250Jan 14, 2025Close92.781Jan 22, 2025Close93.406Jan 29, 2025Close93.750Feb 5, 2025Close94.156Feb 12, 2025Close93.313Feb 20, 2025Close93.844Feb 27, 2025Close94.750Mar 6, 2025Close94.938Mar 13, 2025Close95.156Mar 20, 2025Close95.219Mar 27, 2025Close94.969Apr 3, 2025Close96.250Apr 10, 2025Close95.281Apr 17, 2025Close95.656Apr 25, 2025Close95.875May 2, 2025Close95.781May 9, 2025Close95.531May 16, 2025Close95.281May 23, 2025Close95.219Jun 2, 2025Close95.531Jun 9, 2025Close95.250Jun 16, 2025Close95.469Jun 24, 2025Close96.156Jul 1, 2025Close96.219Jul 9, 2025Close96.000Jul 16, 2025Close95.813Jul 23, 2025Close96.000Jul 30, 2025Close95.875Aug 6, 2025Close96.625Aug 13, 2025Close96.656Aug 20, 2025Close96.531Aug 27, 2025Close96.875Sep 4, 2025Close97.094Sep 11, 2025Close97.281Sep 18, 2025Close97.063Sep 25, 2025Close96.719Oct 2, 2025Close97.094Oct 9, 2025Close96.906Oct 17, 2025Close97.406Oct 24, 2025Close97.375Oct 31, 2025Close97.031Nov 7, 2025Close97.156Nov 17, 2025Close97.031Nov 24, 2025Close97.438Dec 2, 2025Close97.313Dec 9, 2025Close97.000Dec 16, 2025Close97.344Dec 23, 2025Close97.188Dec 31, 2025Close97.313Jan 8, 2026Close97.313Jan 15, 2026Close97.156Jan 23, 2026Close97.031Jan 30, 2026Close97.219Feb 6, 2026Close97.344Feb 13, 2026Close97.750Feb 23, 2026Close97.781Mar 2, 2026Close97.688Mar 9, 2026Close97.406Mar 16, 2026Close97.125Mar 23, 2026Close96.656Mar 30, 2026Close96.688Apr 6, 2026Close96.625Apr 13, 2026Close96.875Apr 20, 2026Close97.094Apr 27, 2026Close96.844May 4, 2026Close96.438May 11, 2026Close96.469May 18, 2026Close96.031May 26, 2026Close96.188Jun 2, 2026Close96.219Jun 9, 2026Close96.031Jun 16, 2026Close96.313Jun 24, 2026Close96.156Jul 1, 2026Close96.063Jul 9, 2026Close96.094Jul 16, 2026Close96.094Jul 23, 2026Close95.625Jul 30, 2026Close95.906Aug 6, 2026Close95.906Aug 13, 2026Close96.188Aug 20, 2026Close96.094Aug 27, 2026Close96.031Sep 3, 2026Close95.781Sep 11, 2026Close95.094Sep 18, 2026Close94.813Sep 25, 2026Close94.625Oct 2, 2026Close94.625Oct 9, 2026Close94.750Oct 19, 2026Close94.906Oct 26, 2026Close95.094Nov 2, 2026Close95.469Nov 9, 2026Close95.594
The most recent 20 trading days of prices for 91282CES6.
DateBidOfferClose
Nov 9, 202695.56395.59495.594
Nov 6, 202695.62595.65695.656
Nov 5, 202695.62595.65695.750
Nov 4, 202695.46995.48495.500
Nov 3, 202695.40695.43895.406
Nov 2, 202695.46995.50095.469
Oct 30, 202695.37595.39195.469
Oct 29, 202695.28195.31395.281
Oct 28, 202695.00095.01695.094
Oct 27, 202695.09495.12595.094
Oct 26, 202695.12595.14195.094
Oct 23, 202695.15695.18895.188
Oct 22, 202695.12595.14195.250
Oct 21, 202694.90694.92294.844
Oct 20, 202694.93894.95394.906
Oct 19, 202694.93894.95394.906
Oct 16, 202695.03195.04795.000
Oct 15, 202694.90694.93894.906
Oct 14, 202694.62594.65694.750
Oct 13, 202694.75094.76694.781

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 91282CES6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 26, 2022May 31, 2022New issue$42.0bn$48.3bn2.69x2.777%

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.