Treasury note

91282CFC0 · 2.625% due July 31, 2029

Original term
7-Year
Maturity
Jul 31, 2029
Coupon
2.625%
Pays
Semi-Annual
Dated
Jul 31, 2022
First coupon
Jan 31, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$39.10bn
Held stripped
$43.2m
Share stripped
0.11%

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
4.611%
Modified duration
2.565 yr
DV01
0.0245
Convexity
0.08
Dirty price
95.696

Where its rate sensitivity sits

<.01
0.01
0.02
0.75
1.84
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 2.622 years against a modified duration of 2.565.

Against the fitted curve

Priced 1.0 bp rich to the curve on that day, 2.42 cents per 100 of face.

That is -0.46 standard deviations from its own typical residual.

Yield to maturity, 1,069 observations

2.5%3.0%3.5%4.0%4.5%5.0%5.5%Aug 1, 2022Nov 9, 2026Aug 1, 2022Yield to maturity2.645%Aug 8, 2022Yield to maturity2.854%Aug 15, 2022Yield to maturity2.864%Aug 22, 2022Yield to maturity3.124%Aug 29, 2022Yield to maturity3.234%Sep 6, 2022Yield to maturity3.430%Sep 13, 2022Yield to maturity3.543%Sep 20, 2022Yield to maturity3.707%Sep 27, 2022Yield to maturity4.161%Oct 4, 2022Yield to maturity3.772%Oct 12, 2022Yield to maturity4.074%Oct 19, 2022Yield to maturity4.297%Oct 26, 2022Yield to maturity4.160%Nov 2, 2022Yield to maturity4.255%Nov 9, 2022Yield to maturity4.248%Nov 17, 2022Yield to maturity3.902%Nov 25, 2022Yield to maturity3.812%Dec 2, 2022Yield to maturity3.648%Dec 9, 2022Yield to maturity3.723%Dec 16, 2022Yield to maturity3.598%Dec 23, 2022Yield to maturity3.859%Jan 3, 2023Yield to maturity3.919%Jan 10, 2023Yield to maturity3.708%Jan 18, 2023Yield to maturity3.426%Jan 25, 2023Yield to maturity3.534%Feb 1, 2023Yield to maturity3.459%Feb 8, 2023Yield to maturity3.777%Feb 15, 2023Yield to maturity3.981%Feb 23, 2023Yield to maturity4.073%Mar 2, 2023Yield to maturity4.284%Mar 9, 2023Yield to maturity4.146%Mar 16, 2023Yield to maturity3.718%Mar 23, 2023Yield to maturity3.441%Mar 30, 2023Yield to maturity3.655%Apr 6, 2023Yield to maturity3.377%Apr 13, 2023Yield to maturity3.522%Apr 20, 2023Yield to maturity3.635%Apr 27, 2023Yield to maturity3.620%May 4, 2023Yield to maturity3.351%May 11, 2023Yield to maturity3.399%May 18, 2023Yield to maturity3.711%May 25, 2023Yield to maturity3.922%Jun 2, 2023Yield to maturity3.832%Jun 9, 2023Yield to maturity3.901%Jun 16, 2023Yield to maturity3.954%Jun 26, 2023Yield to maturity3.915%Jul 3, 2023Yield to maturity4.115%Jul 11, 2023Yield to maturity4.194%Jul 18, 2023Yield to maturity3.970%Jul 25, 2023Yield to maturity4.123%Aug 1, 2023Yield to maturity4.221%Aug 8, 2023Yield to maturity4.113%Aug 15, 2023Yield to maturity4.363%Aug 22, 2023Yield to maturity4.483%Aug 29, 2023Yield to maturity4.271%Sep 6, 2023Yield to maturity4.443%Sep 13, 2023Yield to maturity4.397%Sep 20, 2023Yield to maturity4.525%Sep 27, 2023Yield to maturity4.728%Oct 4, 2023Yield to maturity4.781%Oct 12, 2023Yield to maturity4.755%Oct 19, 2023Yield to maturity5.023%Oct 26, 2023Yield to maturity4.895%Nov 2, 2023Yield to maturity4.714%Nov 9, 2023Yield to maturity4.710%Nov 16, 2023Yield to maturity4.493%Nov 24, 2023Yield to maturity4.542%Dec 1, 2023Yield to maturity4.216%Dec 8, 2023Yield to maturity4.294%Dec 15, 2023Yield to maturity3.957%Dec 22, 2023Yield to maturity3.923%Jan 2, 2024Yield to maturity3.974%Jan 9, 2024Yield to maturity4.017%Jan 17, 2024Yield to maturity4.062%Jan 24, 2024Yield to maturity4.120%Jan 31, 2024Yield to maturity3.939%Feb 7, 2024Yield to maturity4.083%Feb 14, 2024Yield to maturity4.277%Feb 22, 2024Yield to maturity4.352%Feb 29, 2024Yield to maturity4.275%Mar 7, 2024Yield to maturity4.103%Mar 14, 2024Yield to maturity4.313%Mar 21, 2024Yield to maturity4.278%Mar 28, 2024Yield to maturity4.235%Apr 5, 2024Yield to maturity4.403%Apr 12, 2024Yield to maturity4.550%Apr 19, 2024Yield to maturity4.670%Apr 26, 2024Yield to maturity4.713%May 3, 2024Yield to maturity4.498%May 10, 2024Yield to maturity4.533%May 17, 2024Yield to maturity4.454%May 24, 2024Yield to maturity4.533%Jun 3, 2024Yield to maturity4.439%Jun 10, 2024Yield to maturity4.496%Jun 17, 2024Yield to maturity4.322%Jun 25, 2024Yield to maturity4.278%Jul 2, 2024Yield to maturity4.415%Jul 10, 2024Yield to maturity4.262%Jul 17, 2024Yield to maturity4.094%Jul 24, 2024Yield to maturity4.172%Jul 31, 2024Yield to maturity3.982%Aug 7, 2024Yield to maturity3.821%Aug 14, 2024Yield to maturity3.696%Aug 21, 2024Yield to maturity3.678%Aug 28, 2024Yield to maturity3.689%Sep 5, 2024Yield to maturity3.578%Sep 12, 2024Yield to maturity3.502%Sep 19, 2024Yield to maturity3.527%Sep 26, 2024Yield to maturity3.581%Oct 3, 2024Yield to maturity3.650%Oct 10, 2024Yield to maturity3.935%Oct 18, 2024Yield to maturity3.905%Oct 25, 2024Yield to maturity4.090%Nov 1, 2024Yield to maturity4.233%Nov 8, 2024Yield to maturity4.217%Nov 18, 2024Yield to maturity4.300%Nov 25, 2024Yield to maturity4.198%Dec 3, 2024Yield to maturity4.136%Dec 10, 2024Yield to maturity4.111%Dec 17, 2024Yield to maturity4.273%Dec 24, 2024Yield to maturity4.446%Jan 2, 2025Yield to maturity4.375%Jan 9, 2025Yield to maturity4.454%Jan 16, 2025Yield to maturity4.397%Jan 24, 2025Yield to maturity4.423%Jan 31, 2025Yield to maturity4.366%Feb 7, 2025Yield to maturity4.348%Feb 14, 2025Yield to maturity4.332%Feb 24, 2025Yield to maturity4.233%Mar 3, 2025Yield to maturity3.981%Mar 10, 2025Yield to maturity3.978%Mar 17, 2025Yield to maturity4.098%Mar 24, 2025Yield to maturity4.087%Mar 31, 2025Yield to maturity3.938%Apr 7, 2025Yield to maturity3.796%Apr 14, 2025Yield to maturity3.990%Apr 22, 2025Yield to maturity3.939%Apr 29, 2025Yield to maturity3.738%May 6, 2025Yield to maturity3.859%May 13, 2025Yield to maturity4.090%May 20, 2025Yield to maturity4.038%May 28, 2025Yield to maturity4.028%Jun 4, 2025Yield to maturity3.907%Jun 11, 2025Yield to maturity3.981%Jun 18, 2025Yield to maturity3.945%Jun 26, 2025Yield to maturity3.754%Jul 3, 2025Yield to maturity3.899%Jul 11, 2025Yield to maturity3.940%Jul 18, 2025Yield to maturity3.911%Jul 25, 2025Yield to maturity3.908%Aug 1, 2025Yield to maturity3.713%Aug 8, 2025Yield to maturity3.788%Aug 15, 2025Yield to maturity3.784%Aug 22, 2025Yield to maturity3.701%Aug 29, 2025Yield to maturity3.636%Sep 8, 2025Yield to maturity3.526%Sep 15, 2025Yield to maturity3.565%Sep 22, 2025Yield to maturity3.650%Sep 29, 2025Yield to maturity3.691%Oct 6, 2025Yield to maturity3.687%Oct 14, 2025Yield to maturity3.538%Oct 21, 2025Yield to maturity3.506%Oct 28, 2025Yield to maturity3.556%Nov 4, 2025Yield to maturity3.644%Nov 12, 2025Yield to maturity3.612%Nov 19, 2025Yield to maturity3.645%Nov 26, 2025Yield to maturity3.520%Dec 4, 2025Yield to maturity3.600%Dec 11, 2025Yield to maturity3.623%Dec 18, 2025Yield to maturity3.562%Dec 26, 2025Yield to maturity3.588%Jan 5, 2026Yield to maturity3.584%Jan 12, 2026Yield to maturity3.657%Jan 20, 2026Yield to maturity3.741%Jan 27, 2026Yield to maturity3.698%Feb 3, 2026Yield to maturity3.694%Feb 10, 2026Yield to maturity3.571%Feb 18, 2026Yield to maturity3.547%Feb 25, 2026Yield to maturity3.512%Mar 4, 2026Yield to maturity3.577%Mar 11, 2026Yield to maturity3.683%Mar 18, 2026Yield to maturity3.790%Mar 25, 2026Yield to maturity3.909%Apr 1, 2026Yield to maturity3.875%Apr 8, 2026Yield to maturity3.841%Apr 15, 2026Yield to maturity3.806%Apr 22, 2026Yield to maturity3.833%Apr 29, 2026Yield to maturity3.978%May 6, 2026Yield to maturity3.911%May 13, 2026Yield to maturity4.036%May 20, 2026Yield to maturity4.131%May 28, 2026Yield to maturity4.086%Jun 4, 2026Yield to maturity4.117%Jun 11, 2026Yield to maturity4.115%Jun 18, 2026Yield to maturity4.206%Jun 26, 2026Yield to maturity4.104%Jul 6, 2026Yield to maturity4.148%Jul 13, 2026Yield to maturity4.305%Jul 20, 2026Yield to maturity4.258%Jul 27, 2026Yield to maturity4.360%Aug 3, 2026Yield to maturity4.325%Aug 10, 2026Yield to maturity4.323%Aug 17, 2026Yield to maturity4.264%Aug 24, 2026Yield to maturity4.321%Aug 31, 2026Yield to maturity4.414%Sep 8, 2026Yield to maturity4.475%Sep 15, 2026Yield to maturity4.766%Sep 22, 2026Yield to maturity4.817%Sep 29, 2026Yield to maturity4.992%Oct 6, 2026Yield to maturity4.907%Oct 14, 2026Yield to maturity4.912%Oct 21, 2026Yield to maturity4.889%Oct 28, 2026Yield to maturity4.803%Nov 4, 2026Yield to maturity4.627%Nov 9, 2026Yield to maturity4.611%

Price history

1,069 trading days to Nov 9, 2026

87.590.092.595.097.5100.0Aug 1, 2022Nov 9, 2026Aug 1, 2022Close99.875Aug 8, 2022Close98.563Aug 15, 2022Close98.500Aug 22, 2022Close96.906Aug 29, 2022Close96.250Sep 6, 2022Close95.094Sep 13, 2022Close94.438Sep 20, 2022Close93.500Sep 27, 2022Close90.938Oct 4, 2022Close93.156Oct 12, 2022Close91.469Oct 19, 2022Close90.250Oct 26, 2022Close91.031Nov 2, 2022Close90.531Nov 9, 2022Close90.594Nov 17, 2022Close92.531Nov 25, 2022Close93.063Dec 2, 2022Close94.000Dec 9, 2022Close93.594Dec 16, 2022Close94.313Dec 23, 2022Close92.875Jan 3, 2023Close92.563Jan 10, 2023Close93.750Jan 18, 2023Close95.344Jan 25, 2023Close94.750Feb 1, 2023Close95.188Feb 8, 2023Close93.438Feb 15, 2023Close92.344Feb 23, 2023Close91.875Mar 2, 2023Close90.781Mar 9, 2023Close91.531Mar 16, 2023Close93.844Mar 23, 2023Close95.375Mar 30, 2023Close94.219Apr 6, 2023Close95.750Apr 13, 2023Close94.969Apr 20, 2023Close94.375Apr 27, 2023Close94.469May 4, 2023Close95.938May 11, 2023Close95.688May 18, 2023Close94.031May 25, 2023Close92.938Jun 2, 2023Close93.438Jun 9, 2023Close93.094Jun 16, 2023Close92.844Jun 26, 2023Close93.063Jul 3, 2023Close92.063Jul 11, 2023Close91.688Jul 18, 2023Close92.844Jul 25, 2023Close92.094Aug 1, 2023Close91.625Aug 8, 2023Close92.188Aug 15, 2023Close90.969Aug 22, 2023Close90.406Aug 29, 2023Close91.469Sep 6, 2023Close90.656Sep 13, 2023Close90.906Sep 20, 2023Close90.313Sep 27, 2023Close89.375Oct 4, 2023Close89.156Oct 12, 2023Close89.313Oct 19, 2023Close88.094Oct 26, 2023Close88.719Nov 2, 2023Close89.594Nov 9, 2023Close89.656Nov 16, 2023Close90.688Nov 24, 2023Close90.500Dec 1, 2023Close92.063Dec 8, 2023Close91.719Dec 15, 2023Close93.344Dec 22, 2023Close93.531Jan 2, 2024Close93.313Jan 9, 2024Close93.125Jan 17, 2024Close92.938Jan 24, 2024Close92.688Jan 31, 2024Close93.563Feb 7, 2024Close92.906Feb 14, 2024Close92.031Feb 22, 2024Close91.719Feb 29, 2024Close92.094Mar 7, 2024Close92.906Mar 14, 2024Close91.969Mar 21, 2024Close92.156Mar 28, 2024Close92.375Apr 5, 2024Close91.656Apr 12, 2024Close91.031Apr 19, 2024Close90.531Apr 26, 2024Close90.375May 3, 2024Close91.344May 10, 2024Close91.219May 17, 2024Close91.594May 24, 2024Close91.281Jun 3, 2024Close91.719Jun 10, 2024Close91.500Jun 17, 2024Close92.281Jun 25, 2024Close92.500Jul 2, 2024Close91.938Jul 10, 2024Close92.625Jul 17, 2024Close93.375Jul 24, 2024Close93.063Jul 31, 2024Close93.906Aug 7, 2024Close94.625Aug 14, 2024Close95.188Aug 21, 2024Close95.281Aug 28, 2024Close95.250Sep 5, 2024Close95.750Sep 12, 2024Close96.094Sep 19, 2024Close96.000Sep 26, 2024Close95.781Oct 3, 2024Close95.500Oct 10, 2024Close94.313Oct 18, 2024Close94.469Oct 25, 2024Close93.719Nov 1, 2024Close93.156Nov 8, 2024Close93.250Nov 18, 2024Close92.938Nov 25, 2024Close93.375Dec 3, 2024Close93.656Dec 10, 2024Close93.781Dec 17, 2024Close93.156Dec 24, 2024Close92.500Jan 2, 2025Close92.813Jan 9, 2025Close92.531Jan 16, 2025Close92.781Jan 24, 2025Close92.719Jan 31, 2025Close92.969Feb 7, 2025Close93.063Feb 14, 2025Close93.156Feb 24, 2025Close93.563Mar 3, 2025Close94.563Mar 10, 2025Close94.594Mar 17, 2025Close94.156Mar 24, 2025Close94.219Mar 31, 2025Close94.813Apr 7, 2025Close95.375Apr 14, 2025Close94.656Apr 22, 2025Close94.875Apr 29, 2025Close95.656May 6, 2025Close95.219May 13, 2025Close94.375May 20, 2025Close94.594May 28, 2025Close94.656Jun 4, 2025Close95.125Jun 11, 2025Close94.875Jun 18, 2025Close95.031Jun 26, 2025Close95.750Jul 3, 2025Close95.250Jul 11, 2025Close95.125Jul 18, 2025Close95.250Jul 25, 2025Close95.281Aug 1, 2025Close96.000Aug 8, 2025Close95.750Aug 15, 2025Close95.781Aug 22, 2025Close96.094Aug 29, 2025Close96.344Sep 8, 2025Close96.750Sep 15, 2025Close96.625Sep 22, 2025Close96.344Sep 29, 2025Close96.219Oct 6, 2025Close96.250Oct 14, 2025Close96.781Oct 21, 2025Close96.906Oct 28, 2025Close96.750Nov 4, 2025Close96.469Nov 12, 2025Close96.594Nov 19, 2025Close96.500Nov 26, 2025Close96.938Dec 4, 2025Close96.688Dec 11, 2025Close96.625Dec 18, 2025Close96.844Dec 26, 2025Close96.781Jan 5, 2026Close96.813Jan 12, 2026Close96.594Jan 20, 2026Close96.344Jan 27, 2026Close96.500Feb 3, 2026Close96.531Feb 10, 2026Close96.938Feb 18, 2026Close97.031Feb 25, 2026Close97.156Mar 4, 2026Close96.969Mar 11, 2026Close96.656Mar 18, 2026Close96.344Mar 25, 2026Close96.000Apr 1, 2026Close96.125Apr 8, 2026Close96.250Apr 15, 2026Close96.375Apr 22, 2026Close96.313Apr 29, 2026Close95.906May 6, 2026Close96.125May 13, 2026Close95.781May 20, 2026Close95.531May 28, 2026Close95.688Jun 4, 2026Close95.625Jun 11, 2026Close95.656Jun 18, 2026Close95.438Jun 26, 2026Close95.750Jul 6, 2026Close95.656Jul 13, 2026Close95.250Jul 20, 2026Close95.406Jul 27, 2026Close95.156Aug 3, 2026Close95.281Aug 10, 2026Close95.313Aug 17, 2026Close95.500Aug 24, 2026Close95.375Aug 31, 2026Close95.156Sep 8, 2026Close95.031Sep 15, 2026Close94.313Sep 22, 2026Close94.219Sep 29, 2026Close93.813Oct 6, 2026Close94.063Oct 14, 2026Close94.094Oct 21, 2026Close94.188Oct 28, 2026Close94.438Nov 4, 2026Close94.906Nov 9, 2026Close94.969
The most recent 20 trading days of prices for 91282CFC0.
DateBidOfferClose
Nov 9, 202694.96994.98494.969
Nov 6, 202695.03195.04795.031
Nov 5, 202695.03195.04795.156
Nov 4, 202694.84494.85994.906
Nov 3, 202694.78194.81394.781
Nov 2, 202694.84494.87594.844
Oct 30, 202694.75094.76694.844
Oct 29, 202694.62594.65694.625
Oct 28, 202694.34494.37594.438
Oct 27, 202694.46994.48494.438
Oct 26, 202694.46994.50094.469
Oct 23, 202694.53194.54794.531
Oct 22, 202694.46994.50094.594
Oct 21, 202694.25094.26694.188
Oct 20, 202694.28194.29794.219
Oct 19, 202694.25094.28194.250
Oct 16, 202694.37594.39194.375
Oct 15, 202694.25094.26694.250
Oct 14, 202693.93893.96994.094
Oct 13, 202694.06394.09494.125

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 91282CFC0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 28, 2022Aug 1, 2022New issue$38.0bn$41.3bn2.60x2.730%

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.