Treasury note

91282CFF3 · 2.75% due August 15, 2032

Original term
10-Year
Maturity
Aug 15, 2032
Coupon
2.750%
Pays
Semi-Annual
Dated
Aug 15, 2022
First coupon
Feb 15, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$119.42bn
Held stripped
$96.6m
Share stripped
0.08%

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
4.727%
Modified duration
5.183 yr
DV01
0.0471
Convexity
0.309
Dirty price
90.775

Where its rate sensitivity sits

<.01
0.01
0.02
0.06
0.13
3.20
1.88
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 5.305 years against a modified duration of 5.183.

Against the fitted curve

Priced 2.5 bp cheap to the curve on that day, 11.75 cents per 100 of face.

That is 0.44 standard deviations from its own typical residual.

Yield to maturity, 1,059 observations

2.5%3.0%3.5%4.0%4.5%5.0%5.5%Aug 15, 2022Nov 9, 2026Aug 15, 2022Yield to maturity2.790%Aug 22, 2022Yield to maturity3.031%Aug 29, 2022Yield to maturity3.114%Sep 6, 2022Yield to maturity3.326%Sep 13, 2022Yield to maturity3.420%Sep 20, 2022Yield to maturity3.569%Sep 27, 2022Yield to maturity3.968%Oct 4, 2022Yield to maturity3.615%Oct 12, 2022Yield to maturity3.902%Oct 19, 2022Yield to maturity4.131%Oct 26, 2022Yield to maturity4.034%Nov 2, 2022Yield to maturity4.094%Nov 9, 2022Yield to maturity4.138%Nov 17, 2022Yield to maturity3.781%Nov 25, 2022Yield to maturity3.691%Dec 2, 2022Yield to maturity3.520%Dec 9, 2022Yield to maturity3.577%Dec 16, 2022Yield to maturity3.483%Dec 23, 2022Yield to maturity3.751%Jan 3, 2023Yield to maturity3.785%Jan 10, 2023Yield to maturity3.604%Jan 18, 2023Yield to maturity3.369%Jan 25, 2023Yield to maturity3.454%Feb 1, 2023Yield to maturity3.383%Feb 8, 2023Yield to maturity3.639%Feb 15, 2023Yield to maturity3.813%Feb 23, 2023Yield to maturity3.895%Mar 2, 2023Yield to maturity4.088%Mar 9, 2023Yield to maturity3.941%Mar 16, 2023Yield to maturity3.585%Mar 23, 2023Yield to maturity3.395%Mar 30, 2023Yield to maturity3.559%Apr 6, 2023Yield to maturity3.305%Apr 13, 2023Yield to maturity3.456%Apr 20, 2023Yield to maturity3.543%Apr 27, 2023Yield to maturity3.532%May 4, 2023Yield to maturity3.357%May 11, 2023Yield to maturity3.391%May 18, 2023Yield to maturity3.661%May 25, 2023Yield to maturity3.841%Jun 2, 2023Yield to maturity3.716%Jun 9, 2023Yield to maturity3.769%Jun 16, 2023Yield to maturity3.792%Jun 26, 2023Yield to maturity3.747%Jul 3, 2023Yield to maturity3.891%Jul 11, 2023Yield to maturity4.007%Jul 18, 2023Yield to maturity3.813%Jul 25, 2023Yield to maturity3.928%Aug 1, 2023Yield to maturity4.067%Aug 8, 2023Yield to maturity4.025%Aug 15, 2023Yield to maturity4.242%Aug 22, 2023Yield to maturity4.367%Aug 29, 2023Yield to maturity4.148%Sep 6, 2023Yield to maturity4.332%Sep 13, 2023Yield to maturity4.281%Sep 20, 2023Yield to maturity4.384%Sep 27, 2023Yield to maturity4.648%Oct 4, 2023Yield to maturity4.757%Oct 12, 2023Yield to maturity4.727%Oct 19, 2023Yield to maturity5.002%Oct 26, 2023Yield to maturity4.884%Nov 2, 2023Yield to maturity4.691%Nov 9, 2023Yield to maturity4.677%Nov 16, 2023Yield to maturity4.489%Nov 24, 2023Yield to maturity4.508%Dec 1, 2023Yield to maturity4.245%Dec 8, 2023Yield to maturity4.262%Dec 15, 2023Yield to maturity3.934%Dec 22, 2023Yield to maturity3.919%Jan 2, 2024Yield to maturity3.972%Jan 9, 2024Yield to maturity4.029%Jan 17, 2024Yield to maturity4.110%Jan 24, 2024Yield to maturity4.183%Jan 31, 2024Yield to maturity3.986%Feb 7, 2024Yield to maturity4.114%Feb 14, 2024Yield to maturity4.295%Feb 22, 2024Yield to maturity4.360%Feb 29, 2024Yield to maturity4.278%Mar 7, 2024Yield to maturity4.111%Mar 14, 2024Yield to maturity4.313%Mar 21, 2024Yield to maturity4.287%Mar 28, 2024Yield to maturity4.219%Apr 5, 2024Yield to maturity4.405%Apr 12, 2024Yield to maturity4.526%Apr 19, 2024Yield to maturity4.638%Apr 26, 2024Yield to maturity4.691%May 3, 2024Yield to maturity4.502%May 10, 2024Yield to maturity4.516%May 17, 2024Yield to maturity4.436%May 24, 2024Yield to maturity4.489%Jun 3, 2024Yield to maturity4.419%Jun 10, 2024Yield to maturity4.476%Jun 17, 2024Yield to maturity4.283%Jun 25, 2024Yield to maturity4.243%Jul 2, 2024Yield to maturity4.423%Jul 10, 2024Yield to maturity4.270%Jul 17, 2024Yield to maturity4.131%Jul 24, 2024Yield to maturity4.247%Jul 31, 2024Yield to maturity4.045%Aug 7, 2024Yield to maturity3.922%Aug 14, 2024Yield to maturity3.777%Aug 21, 2024Yield to maturity3.736%Aug 28, 2024Yield to maturity3.786%Sep 5, 2024Yield to maturity3.669%Sep 12, 2024Yield to maturity3.609%Sep 19, 2024Yield to maturity3.658%Sep 26, 2024Yield to maturity3.718%Oct 3, 2024Yield to maturity3.773%Oct 10, 2024Yield to maturity4.034%Oct 18, 2024Yield to maturity4.013%Oct 25, 2024Yield to maturity4.190%Nov 1, 2024Yield to maturity4.335%Nov 8, 2024Yield to maturity4.288%Nov 18, 2024Yield to maturity4.388%Nov 25, 2024Yield to maturity4.244%Dec 3, 2024Yield to maturity4.202%Dec 10, 2024Yield to maturity4.180%Dec 17, 2024Yield to maturity4.352%Dec 24, 2024Yield to maturity4.549%Jan 2, 2025Yield to maturity4.506%Jan 9, 2025Yield to maturity4.621%Jan 16, 2025Yield to maturity4.535%Jan 24, 2025Yield to maturity4.562%Jan 31, 2025Yield to maturity4.503%Feb 7, 2025Yield to maturity4.438%Feb 14, 2025Yield to maturity4.427%Feb 24, 2025Yield to maturity4.341%Mar 3, 2025Yield to maturity4.089%Mar 10, 2025Yield to maturity4.129%Mar 17, 2025Yield to maturity4.236%Mar 24, 2025Yield to maturity4.240%Mar 31, 2025Yield to maturity4.117%Apr 7, 2025Yield to maturity4.006%Apr 14, 2025Yield to maturity4.229%Apr 22, 2025Yield to maturity4.228%Apr 29, 2025Yield to maturity4.000%May 6, 2025Yield to maturity4.139%May 13, 2025Yield to maturity4.335%May 20, 2025Yield to maturity4.301%May 28, 2025Yield to maturity4.295%Jun 4, 2025Yield to maturity4.164%Jun 11, 2025Yield to maturity4.227%Jun 18, 2025Yield to maturity4.193%Jun 26, 2025Yield to maturity4.025%Jul 3, 2025Yield to maturity4.148%Jul 11, 2025Yield to maturity4.216%Jul 18, 2025Yield to maturity4.198%Jul 25, 2025Yield to maturity4.164%Aug 1, 2025Yield to maturity3.984%Aug 8, 2025Yield to maturity4.046%Aug 15, 2025Yield to maturity4.076%Aug 22, 2025Yield to maturity3.993%Aug 29, 2025Yield to maturity3.937%Sep 8, 2025Yield to maturity3.783%Sep 15, 2025Yield to maturity3.791%Sep 22, 2025Yield to maturity3.902%Sep 29, 2025Yield to maturity3.926%Oct 6, 2025Yield to maturity3.946%Oct 14, 2025Yield to maturity3.786%Oct 21, 2025Yield to maturity3.734%Oct 28, 2025Yield to maturity3.774%Nov 4, 2025Yield to maturity3.870%Nov 12, 2025Yield to maturity3.846%Nov 19, 2025Yield to maturity3.882%Nov 26, 2025Yield to maturity3.742%Dec 4, 2025Yield to maturity3.860%Dec 11, 2025Yield to maturity3.897%Dec 18, 2025Yield to maturity3.855%Dec 26, 2025Yield to maturity3.882%Jan 5, 2026Yield to maturity3.896%Jan 12, 2026Yield to maturity3.939%Jan 20, 2026Yield to maturity4.045%Jan 27, 2026Yield to maturity3.997%Feb 3, 2026Yield to maturity4.012%Feb 10, 2026Yield to maturity3.884%Feb 18, 2026Yield to maturity3.825%Feb 25, 2026Yield to maturity3.788%Mar 4, 2026Yield to maturity3.836%Mar 11, 2026Yield to maturity3.948%Mar 18, 2026Yield to maturity4.021%Mar 25, 2026Yield to maturity4.118%Apr 1, 2026Yield to maturity4.116%Apr 8, 2026Yield to maturity4.067%Apr 15, 2026Yield to maturity4.041%Apr 22, 2026Yield to maturity4.057%Apr 29, 2026Yield to maturity4.191%May 6, 2026Yield to maturity4.130%May 13, 2026Yield to maturity4.241%May 20, 2026Yield to maturity4.349%May 28, 2026Yield to maturity4.263%Jun 4, 2026Yield to maturity4.285%Jun 11, 2026Yield to maturity4.265%Jun 18, 2026Yield to maturity4.308%Jun 26, 2026Yield to maturity4.209%Jul 6, 2026Yield to maturity4.294%Jul 13, 2026Yield to maturity4.447%Jul 20, 2026Yield to maturity4.409%Jul 27, 2026Yield to maturity4.476%Aug 3, 2026Yield to maturity4.488%Aug 10, 2026Yield to maturity4.499%Aug 17, 2026Yield to maturity4.473%Aug 24, 2026Yield to maturity4.491%Aug 31, 2026Yield to maturity4.572%Sep 8, 2026Yield to maturity4.636%Sep 15, 2026Yield to maturity4.883%Sep 22, 2026Yield to maturity4.870%Sep 29, 2026Yield to maturity5.128%Oct 6, 2026Yield to maturity5.102%Oct 14, 2026Yield to maturity5.063%Oct 21, 2026Yield to maturity5.009%Oct 28, 2026Yield to maturity4.922%Nov 4, 2026Yield to maturity4.742%Nov 9, 2026Yield to maturity4.727%

Price history

1,059 trading days to Nov 9, 2026

82.585.087.590.092.595.097.5100.0Aug 15, 2022Nov 9, 2026Aug 15, 2022Close99.656Aug 22, 2022Close97.594Aug 29, 2022Close96.906Sep 6, 2022Close95.156Sep 13, 2022Close94.406Sep 20, 2022Close93.219Sep 27, 2022Close90.125Oct 4, 2022Close92.875Oct 12, 2022Close90.656Oct 19, 2022Close88.938Oct 26, 2022Close89.688Nov 2, 2022Close89.250Nov 9, 2022Close88.938Nov 17, 2022Close91.656Nov 25, 2022Close92.375Dec 2, 2022Close93.719Dec 9, 2022Close93.281Dec 16, 2022Close94.031Dec 23, 2022Close91.969Jan 3, 2023Close91.719Jan 10, 2023Close93.125Jan 18, 2023Close94.969Jan 25, 2023Close94.313Feb 1, 2023Close94.875Feb 8, 2023Close92.906Feb 15, 2023Close91.594Feb 23, 2023Close91.000Mar 2, 2023Close89.594Mar 9, 2023Close90.688Mar 16, 2023Close93.375Mar 23, 2023Close94.844Mar 30, 2023Close93.594Apr 6, 2023Close95.563Apr 13, 2023Close94.406Apr 20, 2023Close93.750Apr 27, 2023Close93.844May 4, 2023Close95.188May 11, 2023Close94.938May 18, 2023Close92.906May 25, 2023Close91.594Jun 2, 2023Close92.531Jun 9, 2023Close92.156Jun 16, 2023Close92.000Jun 26, 2023Close92.344Jul 3, 2023Close91.313Jul 11, 2023Close90.500Jul 18, 2023Close91.906Jul 25, 2023Close91.094Aug 1, 2023Close90.125Aug 8, 2023Close90.438Aug 15, 2023Close88.938Aug 22, 2023Close88.094Aug 29, 2023Close89.625Sep 6, 2023Close88.375Sep 13, 2023Close88.750Sep 20, 2023Close88.063Sep 27, 2023Close86.313Oct 4, 2023Close85.625Oct 12, 2023Close85.844Oct 19, 2023Close84.094Oct 26, 2023Close84.875Nov 2, 2023Close86.156Nov 9, 2023Close86.281Nov 16, 2023Close87.531Nov 24, 2023Close87.438Dec 1, 2023Close89.219Dec 8, 2023Close89.125Dec 15, 2023Close91.375Dec 22, 2023Close91.500Jan 2, 2024Close91.156Jan 9, 2024Close90.781Jan 17, 2024Close90.250Jan 24, 2024Close89.781Jan 31, 2024Close91.125Feb 7, 2024Close90.281Feb 14, 2024Close89.094Feb 22, 2024Close88.688Feb 29, 2024Close89.250Mar 7, 2024Close90.375Mar 14, 2024Close89.063Mar 21, 2024Close89.250Mar 28, 2024Close89.719Apr 5, 2024Close88.531Apr 12, 2024Close87.781Apr 19, 2024Close87.094Apr 26, 2024Close86.781May 3, 2024Close88.000May 10, 2024Close87.938May 17, 2024Close88.469May 24, 2024Close88.156Jun 3, 2024Close88.625Jun 10, 2024Close88.281Jun 17, 2024Close89.531Jun 25, 2024Close89.813Jul 2, 2024Close88.688Jul 10, 2024Close89.688Jul 17, 2024Close90.594Jul 24, 2024Close89.875Jul 31, 2024Close91.188Aug 7, 2024Close92.000Aug 14, 2024Close92.969Aug 21, 2024Close93.250Aug 28, 2024Close92.938Sep 5, 2024Close93.719Sep 12, 2024Close94.125Sep 19, 2024Close93.813Sep 26, 2024Close93.438Oct 3, 2024Close93.094Oct 10, 2024Close91.438Oct 18, 2024Close91.594Oct 25, 2024Close90.500Nov 1, 2024Close89.625Nov 8, 2024Close89.938Nov 18, 2024Close89.344Nov 25, 2024Close90.250Dec 3, 2024Close90.531Dec 10, 2024Close90.688Dec 17, 2024Close89.656Dec 24, 2024Close88.500Jan 2, 2025Close88.781Jan 9, 2025Close88.125Jan 16, 2025Close88.656Jan 24, 2025Close88.531Jan 31, 2025Close88.906Feb 7, 2025Close89.313Feb 14, 2025Close89.406Feb 24, 2025Close89.938Mar 3, 2025Close91.469Mar 10, 2025Close91.250Mar 17, 2025Close90.625Mar 24, 2025Close90.625Mar 31, 2025Close91.375Apr 7, 2025Close92.063Apr 14, 2025Close90.750Apr 22, 2025Close90.781Apr 29, 2025Close92.156May 6, 2025Close91.344May 13, 2025Close90.219May 20, 2025Close90.438May 28, 2025Close90.500Jun 4, 2025Close91.281Jun 11, 2025Close90.938Jun 18, 2025Close91.156Jun 26, 2025Close92.156Jul 3, 2025Close91.469Jul 11, 2025Close91.094Jul 18, 2025Close91.219Jul 25, 2025Close91.438Aug 1, 2025Close92.500Aug 8, 2025Close92.156Aug 15, 2025Close92.000Aug 22, 2025Close92.500Aug 29, 2025Close92.844Sep 8, 2025Close93.750Sep 15, 2025Close93.719Sep 22, 2025Close93.094Sep 29, 2025Close92.969Oct 6, 2025Close92.875Oct 14, 2025Close93.813Oct 21, 2025Close94.125Oct 28, 2025Close93.906Nov 4, 2025Close93.375Nov 12, 2025Close93.531Nov 19, 2025Close93.344Nov 26, 2025Close94.156Dec 4, 2025Close93.500Dec 11, 2025Close93.313Dec 18, 2025Close93.563Dec 26, 2025Close93.438Jan 5, 2026Close93.375Jan 12, 2026Close93.156Jan 20, 2026Close92.594Jan 27, 2026Close92.875Feb 3, 2026Close92.813Feb 10, 2026Close93.531Feb 18, 2026Close93.875Feb 25, 2026Close94.094Mar 4, 2026Close93.844Mar 11, 2026Close93.250Mar 18, 2026Close92.875Mar 25, 2026Close92.375Apr 1, 2026Close92.406Apr 8, 2026Close92.688Apr 15, 2026Close92.844Apr 22, 2026Close92.781Apr 29, 2026Close92.094May 6, 2026Close92.438May 13, 2026Close91.875May 20, 2026Close91.344May 28, 2026Close91.813Jun 4, 2026Close91.719Jun 11, 2026Close91.844Jun 18, 2026Close91.656Jun 26, 2026Close92.188Jul 6, 2026Close91.781Jul 13, 2026Close91.031Jul 20, 2026Close91.250Jul 27, 2026Close90.938Aug 3, 2026Close90.906Aug 10, 2026Close90.875Aug 17, 2026Close91.031Aug 24, 2026Close90.969Aug 31, 2026Close90.594Sep 8, 2026Close90.313Sep 15, 2026Close89.156Sep 22, 2026Close89.250Sep 29, 2026Close88.063Oct 6, 2026Close88.219Oct 14, 2026Close88.438Oct 21, 2026Close88.719Oct 28, 2026Close89.156Nov 4, 2026Close90.031Nov 9, 2026Close90.125
The most recent 20 trading days of prices for 91282CFF3.
DateBidOfferClose
Nov 9, 202690.12590.14190.125
Nov 6, 202690.18890.21990.219
Nov 5, 202690.28190.31390.406
Nov 4, 202689.90689.93890.031
Nov 3, 202689.81389.84489.781
Nov 2, 202690.03190.04789.938
Oct 30, 202689.71989.75089.844
Oct 29, 202689.53189.56389.531
Oct 28, 202689.15689.17289.156
Oct 27, 202689.34489.37589.313
Oct 26, 202689.34489.37589.313
Oct 23, 202689.37589.39189.375
Oct 22, 202689.28189.31389.563
Oct 21, 202688.81388.84488.719
Oct 20, 202688.84488.87588.781
Oct 19, 202688.78188.81388.719
Oct 16, 202688.96989.00088.969
Oct 15, 202688.84488.87588.875
Oct 14, 202688.12588.15688.438
Oct 13, 202688.34488.37588.375

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.

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 91282CFF3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 10, 2022Aug 15, 2022New issue$35.0bn$57.1bn2.53x2.755%
Sep 12, 2022Sep 15, 2022Reopening$32.0bn$32.0bn2.37x3.330%
Oct 12, 2022Oct 17, 2022Reopening$32.0bn$32.0bn2.34x3.930%

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.