Treasury note

91282CFT3 · 4% due October 31, 2029

Original term
7-Year
Maturity
Oct 31, 2029
Coupon
4.000%
Pays
Semi-Annual
Dated
Oct 31, 2022
First coupon
Apr 30, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$34.91bn
Held stripped
$47.8m
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
4.614%
Modified duration
2.764 yr
DV01
0.0272
Convexity
0.0923
Dirty price
98.423

Where its rate sensitivity sits

<.01
0.01
0.03
0.15
2.64
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 2.827 years against a modified duration of 2.764.

Against the fitted curve

Priced 2.1 bp rich to the curve on that day, 5.65 cents per 100 of face.

That is -1.30 standard deviations from its own typical residual.

Yield to maturity, 1,006 observations

3.0%3.5%4.0%4.5%5.0%5.5%Oct 31, 2022Nov 9, 2026Oct 31, 2022Yield to maturity4.177%Nov 7, 2022Yield to maturity4.309%Nov 15, 2022Yield to maturity3.881%Nov 22, 2022Yield to maturity3.880%Nov 30, 2022Yield to maturity3.772%Dec 7, 2022Yield to maturity3.551%Dec 14, 2022Yield to maturity3.596%Dec 21, 2022Yield to maturity3.780%Dec 29, 2022Yield to maturity3.936%Jan 6, 2023Yield to maturity3.654%Jan 13, 2023Yield to maturity3.576%Jan 23, 2023Yield to maturity3.585%Jan 30, 2023Yield to maturity3.646%Feb 6, 2023Yield to maturity3.755%Feb 13, 2023Yield to maturity3.871%Feb 21, 2023Yield to maturity4.123%Feb 28, 2023Yield to maturity4.107%Mar 7, 2023Yield to maturity4.211%Mar 14, 2023Yield to maturity3.774%Mar 21, 2023Yield to maturity3.725%Mar 28, 2023Yield to maturity3.634%Apr 4, 2023Yield to maturity3.411%Apr 11, 2023Yield to maturity3.526%Apr 18, 2023Yield to maturity3.669%Apr 25, 2023Yield to maturity3.454%May 2, 2023Yield to maturity3.480%May 9, 2023Yield to maturity3.542%May 16, 2023Yield to maturity3.563%May 23, 2023Yield to maturity3.768%May 31, 2023Yield to maturity3.745%Jun 7, 2023Yield to maturity3.921%Jun 14, 2023Yield to maturity4.011%Jun 22, 2023Yield to maturity3.982%Jun 29, 2023Yield to maturity4.067%Jul 7, 2023Yield to maturity4.296%Jul 14, 2023Yield to maturity3.999%Jul 21, 2023Yield to maturity4.039%Jul 28, 2023Yield to maturity4.154%Aug 4, 2023Yield to maturity4.154%Aug 11, 2023Yield to maturity4.312%Aug 18, 2023Yield to maturity4.389%Aug 25, 2023Yield to maturity4.425%Sep 1, 2023Yield to maturity4.308%Sep 11, 2023Yield to maturity4.416%Sep 18, 2023Yield to maturity4.471%Sep 25, 2023Yield to maturity4.654%Oct 2, 2023Yield to maturity4.772%Oct 10, 2023Yield to maturity4.694%Oct 17, 2023Yield to maturity4.913%Oct 24, 2023Yield to maturity4.890%Oct 31, 2023Yield to maturity4.912%Nov 7, 2023Yield to maturity4.604%Nov 14, 2023Yield to maturity4.482%Nov 21, 2023Yield to maturity4.471%Nov 29, 2023Yield to maturity4.301%Dec 6, 2023Yield to maturity4.180%Dec 13, 2023Yield to maturity4.060%Dec 20, 2023Yield to maturity3.915%Dec 28, 2023Yield to maturity3.885%Jan 5, 2024Yield to maturity4.066%Jan 12, 2024Yield to maturity3.902%Jan 22, 2024Yield to maturity4.066%Jan 29, 2024Yield to maturity4.017%Feb 5, 2024Yield to maturity4.166%Feb 12, 2024Yield to maturity4.173%Feb 20, 2024Yield to maturity4.286%Feb 27, 2024Yield to maturity4.351%Mar 5, 2024Yield to maturity4.162%Mar 12, 2024Yield to maturity4.188%Mar 19, 2024Yield to maturity4.328%Mar 26, 2024Yield to maturity4.253%Apr 3, 2024Yield to maturity4.363%Apr 10, 2024Yield to maturity4.625%Apr 17, 2024Yield to maturity4.634%Apr 24, 2024Yield to maturity4.675%May 1, 2024Yield to maturity4.664%May 8, 2024Yield to maturity4.520%May 15, 2024Yield to maturity4.370%May 22, 2024Yield to maturity4.477%May 30, 2024Yield to maturity4.598%Jun 6, 2024Yield to maturity4.307%Jun 13, 2024Yield to maturity4.255%Jun 21, 2024Yield to maturity4.283%Jun 28, 2024Yield to maturity4.357%Jul 8, 2024Yield to maturity4.244%Jul 15, 2024Yield to maturity4.152%Jul 22, 2024Yield to maturity4.192%Jul 29, 2024Yield to maturity4.086%Aug 5, 2024Yield to maturity3.649%Aug 12, 2024Yield to maturity3.779%Aug 19, 2024Yield to maturity3.785%Aug 26, 2024Yield to maturity3.698%Sep 3, 2024Yield to maturity3.697%Sep 10, 2024Yield to maturity3.477%Sep 17, 2024Yield to maturity3.482%Sep 24, 2024Yield to maturity3.513%Oct 1, 2024Yield to maturity3.545%Oct 8, 2024Yield to maturity3.890%Oct 16, 2024Yield to maturity3.869%Oct 23, 2024Yield to maturity4.076%Oct 30, 2024Yield to maturity4.161%Nov 6, 2024Yield to maturity4.302%Nov 14, 2024Yield to maturity4.339%Nov 21, 2024Yield to maturity4.326%Nov 29, 2024Yield to maturity4.077%Dec 6, 2024Yield to maturity4.056%Dec 13, 2024Yield to maturity4.264%Dec 20, 2024Yield to maturity4.389%Dec 30, 2024Yield to maturity4.383%Jan 7, 2025Yield to maturity4.465%Jan 14, 2025Yield to maturity4.601%Jan 22, 2025Yield to maturity4.439%Jan 29, 2025Yield to maturity4.367%Feb 5, 2025Yield to maturity4.257%Feb 12, 2025Yield to maturity4.489%Feb 20, 2025Yield to maturity4.356%Feb 27, 2025Yield to maturity4.110%Mar 6, 2025Yield to maturity4.073%Mar 13, 2025Yield to maturity4.036%Mar 20, 2025Yield to maturity4.014%Mar 27, 2025Yield to maturity4.090%Apr 3, 2025Yield to maturity3.744%Apr 10, 2025Yield to maturity4.030%Apr 17, 2025Yield to maturity3.931%Apr 25, 2025Yield to maturity3.870%May 2, 2025Yield to maturity3.908%May 9, 2025Yield to maturity3.984%May 16, 2025Yield to maturity4.046%May 23, 2025Yield to maturity4.069%Jun 2, 2025Yield to maturity3.991%Jun 9, 2025Yield to maturity4.078%Jun 16, 2025Yield to maturity4.023%Jun 24, 2025Yield to maturity3.834%Jul 1, 2025Yield to maturity3.817%Jul 9, 2025Yield to maturity3.888%Jul 16, 2025Yield to maturity3.951%Jul 23, 2025Yield to maturity3.911%Jul 30, 2025Yield to maturity3.934%Aug 6, 2025Yield to maturity3.725%Aug 13, 2025Yield to maturity3.724%Aug 20, 2025Yield to maturity3.763%Aug 27, 2025Yield to maturity3.665%Sep 4, 2025Yield to maturity3.607%Sep 11, 2025Yield to maturity3.548%Sep 18, 2025Yield to maturity3.628%Sep 25, 2025Yield to maturity3.725%Oct 2, 2025Yield to maturity3.633%Oct 9, 2025Yield to maturity3.690%Oct 17, 2025Yield to maturity3.547%Oct 24, 2025Yield to maturity3.553%Oct 31, 2025Yield to maturity3.669%Nov 7, 2025Yield to maturity3.625%Nov 17, 2025Yield to maturity3.674%Nov 24, 2025Yield to maturity3.561%Dec 2, 2025Yield to maturity3.602%Dec 9, 2025Yield to maturity3.712%Dec 16, 2025Yield to maturity3.615%Dec 23, 2025Yield to maturity3.657%Dec 31, 2025Yield to maturity3.628%Jan 8, 2026Yield to maturity3.644%Jan 15, 2026Yield to maturity3.687%Jan 23, 2026Yield to maturity3.747%Jan 30, 2026Yield to maturity3.692%Feb 6, 2026Yield to maturity3.654%Feb 13, 2026Yield to maturity3.517%Feb 23, 2026Yield to maturity3.506%Mar 2, 2026Yield to maturity3.540%Mar 9, 2026Yield to maturity3.638%Mar 16, 2026Yield to maturity3.748%Mar 23, 2026Yield to maturity3.915%Mar 30, 2026Yield to maturity3.914%Apr 6, 2026Yield to maturity3.933%Apr 13, 2026Yield to maturity3.847%Apr 20, 2026Yield to maturity3.771%Apr 27, 2026Yield to maturity3.875%May 4, 2026Yield to maturity4.019%May 11, 2026Yield to maturity4.019%May 18, 2026Yield to maturity4.196%May 26, 2026Yield to maturity4.137%Jun 2, 2026Yield to maturity4.128%Jun 9, 2026Yield to maturity4.219%Jun 16, 2026Yield to maturity4.119%Jun 24, 2026Yield to maturity4.170%Jul 1, 2026Yield to maturity4.212%Jul 9, 2026Yield to maturity4.223%Jul 16, 2026Yield to maturity4.224%Jul 23, 2026Yield to maturity4.413%Jul 30, 2026Yield to maturity4.321%Aug 6, 2026Yield to maturity4.333%Aug 13, 2026Yield to maturity4.240%Aug 20, 2026Yield to maturity4.294%Aug 27, 2026Yield to maturity4.328%Sep 3, 2026Yield to maturity4.438%Sep 11, 2026Yield to maturity4.726%Sep 18, 2026Yield to maturity4.842%Sep 25, 2026Yield to maturity4.947%Oct 2, 2026Yield to maturity4.976%Oct 9, 2026Yield to maturity4.937%Oct 19, 2026Yield to maturity4.863%Oct 26, 2026Yield to maturity4.800%Nov 2, 2026Yield to maturity4.656%Nov 9, 2026Yield to maturity4.614%

Price history

1,006 trading days to Nov 9, 2026

949698100102104Oct 31, 2022Nov 9, 2026Oct 31, 2022Close98.938Nov 7, 2022Close98.156Nov 15, 2022Close100.719Nov 22, 2022Close100.719Nov 30, 2022Close101.375Dec 7, 2022Close102.719Dec 14, 2022Close102.438Dec 21, 2022Close101.313Dec 29, 2022Close100.375Jan 6, 2023Close102.063Jan 13, 2023Close102.531Jan 23, 2023Close102.469Jan 30, 2023Close102.094Feb 6, 2023Close101.438Feb 13, 2023Close100.750Feb 21, 2023Close99.281Feb 28, 2023Close99.375Mar 7, 2023Close98.781Mar 14, 2023Close101.313Mar 21, 2023Close101.594Mar 28, 2023Close102.125Apr 4, 2023Close103.438Apr 11, 2023Close102.750Apr 18, 2023Close101.906Apr 25, 2023Close103.156May 2, 2023Close103.000May 9, 2023Close102.625May 16, 2023Close102.500May 23, 2023Close101.313May 31, 2023Close101.438Jun 7, 2023Close100.438Jun 14, 2023Close99.938Jun 22, 2023Close100.094Jun 29, 2023Close99.625Jul 7, 2023Close98.375Jul 14, 2023Close100.000Jul 21, 2023Close99.781Jul 28, 2023Close99.156Aug 4, 2023Close99.156Aug 11, 2023Close98.313Aug 18, 2023Close97.906Aug 25, 2023Close97.719Sep 1, 2023Close98.344Sep 11, 2023Close97.781Sep 18, 2023Close97.500Sep 25, 2023Close96.563Oct 2, 2023Close95.969Oct 10, 2023Close96.375Oct 17, 2023Close95.281Oct 24, 2023Close95.406Oct 31, 2023Close95.313Nov 7, 2023Close96.875Nov 14, 2023Close97.500Nov 21, 2023Close97.563Nov 29, 2023Close98.438Dec 6, 2023Close99.063Dec 13, 2023Close99.688Dec 20, 2023Close100.438Dec 28, 2023Close100.594Jan 5, 2024Close99.656Jan 12, 2024Close100.500Jan 22, 2024Close99.656Jan 29, 2024Close99.906Feb 5, 2024Close99.156Feb 12, 2024Close99.125Feb 20, 2024Close98.563Feb 27, 2024Close98.250Mar 5, 2024Close99.188Mar 12, 2024Close99.063Mar 19, 2024Close98.375Mar 26, 2024Close98.750Apr 3, 2024Close98.219Apr 10, 2024Close96.969Apr 17, 2024Close96.938Apr 24, 2024Close96.750May 1, 2024Close96.813May 8, 2024Close97.500May 15, 2024Close98.219May 22, 2024Close97.719May 30, 2024Close97.156Jun 6, 2024Close98.531Jun 13, 2024Close98.781Jun 21, 2024Close98.656Jun 28, 2024Close98.313Jul 8, 2024Close98.844Jul 15, 2024Close99.281Jul 22, 2024Close99.094Jul 29, 2024Close99.594Aug 5, 2024Close101.656Aug 12, 2024Close101.031Aug 19, 2024Close101.000Aug 26, 2024Close101.406Sep 3, 2024Close101.406Sep 10, 2024Close102.438Sep 17, 2024Close102.406Sep 24, 2024Close102.250Oct 1, 2024Close102.094Oct 8, 2024Close100.500Oct 16, 2024Close100.594Oct 23, 2024Close99.656Oct 30, 2024Close99.281Nov 6, 2024Close98.656Nov 14, 2024Close98.500Nov 21, 2024Close98.563Nov 29, 2024Close99.656Dec 6, 2024Close99.750Dec 13, 2024Close98.844Dec 20, 2024Close98.313Dec 30, 2024Close98.344Jan 7, 2025Close98.000Jan 14, 2025Close97.438Jan 22, 2025Close98.125Jan 29, 2025Close98.438Feb 5, 2025Close98.906Feb 12, 2025Close97.938Feb 20, 2025Close98.500Feb 27, 2025Close99.531Mar 6, 2025Close99.688Mar 13, 2025Close99.844Mar 20, 2025Close99.938Mar 27, 2025Close99.625Apr 3, 2025Close101.063Apr 10, 2025Close99.875Apr 17, 2025Close100.281Apr 25, 2025Close100.531May 2, 2025Close100.375May 9, 2025Close100.063May 16, 2025Close99.813May 23, 2025Close99.719Jun 2, 2025Close100.031Jun 9, 2025Close99.688Jun 16, 2025Close99.906Jun 24, 2025Close100.656Jul 1, 2025Close100.719Jul 9, 2025Close100.438Jul 16, 2025Close100.188Jul 23, 2025Close100.344Jul 30, 2025Close100.250Aug 6, 2025Close101.063Aug 13, 2025Close101.063Aug 20, 2025Close100.906Aug 27, 2025Close101.281Sep 4, 2025Close101.500Sep 11, 2025Close101.719Sep 18, 2025Close101.406Sep 25, 2025Close101.031Oct 2, 2025Close101.375Oct 9, 2025Close101.156Oct 17, 2025Close101.688Oct 24, 2025Close101.656Oct 31, 2025Close101.219Nov 7, 2025Close101.375Nov 17, 2025Close101.188Nov 24, 2025Close101.594Dec 2, 2025Close101.438Dec 9, 2025Close101.031Dec 16, 2025Close101.375Dec 23, 2025Close101.219Dec 31, 2025Close101.313Jan 8, 2026Close101.250Jan 15, 2026Close101.094Jan 23, 2026Close100.875Jan 30, 2026Close101.063Feb 6, 2026Close101.188Feb 13, 2026Close101.656Feb 23, 2026Close101.688Mar 2, 2026Close101.563Mar 9, 2026Close101.219Mar 16, 2026Close100.844Mar 23, 2026Close100.281Mar 30, 2026Close100.281Apr 6, 2026Close100.219Apr 13, 2026Close100.500Apr 20, 2026Close100.750Apr 27, 2026Close100.406May 4, 2026Close99.938May 11, 2026Close99.938May 18, 2026Close99.375May 26, 2026Close99.563Jun 2, 2026Close99.594Jun 9, 2026Close99.313Jun 16, 2026Close99.625Jun 24, 2026Close99.469Jul 1, 2026Close99.344Jul 9, 2026Close99.313Jul 16, 2026Close99.313Jul 23, 2026Close98.750Jul 30, 2026Close99.031Aug 6, 2026Close99.000Aug 13, 2026Close99.281Aug 20, 2026Close99.125Aug 27, 2026Close99.031Sep 3, 2026Close98.719Sep 11, 2026Close97.906Sep 18, 2026Close97.594Sep 25, 2026Close97.313Oct 2, 2026Close97.250Oct 9, 2026Close97.375Oct 19, 2026Close97.594Oct 26, 2026Close97.781Nov 2, 2026Close98.188Nov 9, 2026Close98.313
The most recent 20 trading days of prices for 91282CFT3.
DateBidOfferClose
Nov 9, 202698.28198.29798.313
Nov 6, 202698.34498.37598.375
Nov 5, 202698.37598.39198.500
Nov 4, 202698.15698.18898.219
Nov 3, 202698.12598.14198.094
Nov 2, 202698.21998.23498.188
Oct 30, 202698.06398.09498.188
Oct 29, 202697.96998.00097.969
Oct 28, 202697.65697.67297.750
Oct 27, 202697.81397.82897.750
Oct 26, 202697.81397.82897.781
Oct 23, 202697.84497.87597.875
Oct 22, 202697.81397.82897.969
Oct 21, 202697.56397.57897.500
Oct 20, 202697.59497.60997.563
Oct 19, 202697.59497.60997.594
Oct 16, 202697.68897.71997.688
Oct 15, 202697.56397.59497.594
Oct 14, 202697.25097.26697.406
Oct 13, 202697.37597.39197.406

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 91282CFT3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 27, 2022Oct 31, 2022New issue$35.0bn$35.0bn2.43x4.027%

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.