Treasury note

91282CFV8 · 4.125% due November 15, 2032

Original term
10-Year
Maturity
Nov 15, 2032
Coupon
4.125%
Pays
Semi-Annual
Dated
Nov 15, 2022
First coupon
May 15, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$111.26bn
Held stripped
$37.9m
Share stripped
0.03%

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
4.734%
Modified duration
5.144 yr
DV01
0.0508
Convexity
0.315
Dirty price
98.850

Where its rate sensitivity sits

0.01
0.03
0.08
0.18
2.57
2.40
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 6 of twelve buckets, summing to 5.265 years against a modified duration of 5.144.

Against the fitted curve

Priced 2.7 bp cheap to the curve on that day, 13.95 cents per 100 of face.

That is 0.95 standard deviations from its own typical residual.

Yield to maturity, 996 observations

3.0%3.5%4.0%4.5%5.0%5.5%Nov 15, 2022Nov 9, 2026Nov 15, 2022Yield to maturity3.799%Nov 22, 2022Yield to maturity3.762%Nov 30, 2022Yield to maturity3.687%Dec 7, 2022Yield to maturity3.422%Dec 14, 2022Yield to maturity3.494%Dec 21, 2022Yield to maturity3.684%Dec 29, 2022Yield to maturity3.833%Jan 6, 2023Yield to maturity3.552%Jan 13, 2023Yield to maturity3.500%Jan 23, 2023Yield to maturity3.517%Jan 30, 2023Yield to maturity3.550%Feb 6, 2023Yield to maturity3.631%Feb 13, 2023Yield to maturity3.739%Feb 21, 2023Yield to maturity3.968%Feb 28, 2023Yield to maturity3.933%Mar 7, 2023Yield to maturity3.991%Mar 14, 2023Yield to maturity3.649%Mar 21, 2023Yield to maturity3.614%Mar 28, 2023Yield to maturity3.565%Apr 4, 2023Yield to maturity3.358%Apr 11, 2023Yield to maturity3.443%Apr 18, 2023Yield to maturity3.592%Apr 25, 2023Yield to maturity3.403%May 2, 2023Yield to maturity3.436%May 9, 2023Yield to maturity3.529%May 16, 2023Yield to maturity3.555%May 23, 2023Yield to maturity3.723%May 31, 2023Yield to maturity3.660%Jun 7, 2023Yield to maturity3.819%Jun 14, 2023Yield to maturity3.853%Jun 22, 2023Yield to maturity3.821%Jun 29, 2023Yield to maturity3.880%Jul 7, 2023Yield to maturity4.092%Jul 14, 2023Yield to maturity3.847%Jul 21, 2023Yield to maturity3.867%Jul 28, 2023Yield to maturity3.990%Aug 4, 2023Yield to maturity4.063%Aug 11, 2023Yield to maturity4.198%Aug 18, 2023Yield to maturity4.285%Aug 25, 2023Yield to maturity4.286%Sep 1, 2023Yield to maturity4.211%Sep 11, 2023Yield to maturity4.312%Sep 18, 2023Yield to maturity4.346%Sep 25, 2023Yield to maturity4.572%Oct 2, 2023Yield to maturity4.716%Oct 10, 2023Yield to maturity4.682%Oct 17, 2023Yield to maturity4.855%Oct 24, 2023Yield to maturity4.852%Oct 31, 2023Yield to maturity4.898%Nov 7, 2023Yield to maturity4.595%Nov 14, 2023Yield to maturity4.474%Nov 21, 2023Yield to maturity4.444%Nov 29, 2023Yield to maturity4.294%Dec 6, 2023Yield to maturity4.150%Dec 13, 2023Yield to maturity4.057%Dec 20, 2023Yield to maturity3.882%Dec 28, 2023Yield to maturity3.861%Jan 5, 2024Yield to maturity4.065%Jan 12, 2024Yield to maturity3.951%Jan 22, 2024Yield to maturity4.103%Jan 29, 2024Yield to maturity4.065%Feb 5, 2024Yield to maturity4.176%Feb 12, 2024Yield to maturity4.189%Feb 20, 2024Yield to maturity4.297%Feb 27, 2024Yield to maturity4.337%Mar 5, 2024Yield to maturity4.159%Mar 12, 2024Yield to maturity4.176%Mar 19, 2024Yield to maturity4.312%Mar 26, 2024Yield to maturity4.247%Apr 3, 2024Yield to maturity4.362%Apr 10, 2024Yield to maturity4.577%Apr 17, 2024Yield to maturity4.605%Apr 24, 2024Yield to maturity4.661%May 1, 2024Yield to maturity4.635%May 8, 2024Yield to maturity4.499%May 15, 2024Yield to maturity4.360%May 22, 2024Yield to maturity4.442%May 30, 2024Yield to maturity4.570%Jun 6, 2024Yield to maturity4.285%Jun 13, 2024Yield to maturity4.240%Jun 21, 2024Yield to maturity4.254%Jun 28, 2024Yield to maturity4.354%Jul 8, 2024Yield to maturity4.254%Jul 15, 2024Yield to maturity4.201%Jul 22, 2024Yield to maturity4.228%Jul 29, 2024Yield to maturity4.129%Aug 5, 2024Yield to maturity3.722%Aug 12, 2024Yield to maturity3.866%Aug 19, 2024Yield to maturity3.826%Aug 26, 2024Yield to maturity3.763%Sep 3, 2024Yield to maturity3.776%Sep 10, 2024Yield to maturity3.574%Sep 17, 2024Yield to maturity3.577%Sep 24, 2024Yield to maturity3.650%Oct 1, 2024Yield to maturity3.658%Oct 8, 2024Yield to maturity3.979%Oct 16, 2024Yield to maturity3.956%Oct 23, 2024Yield to maturity4.171%Oct 30, 2024Yield to maturity4.227%Nov 6, 2024Yield to maturity4.386%Nov 14, 2024Yield to maturity4.401%Nov 21, 2024Yield to maturity4.382%Nov 29, 2024Yield to maturity4.129%Dec 6, 2024Yield to maturity4.101%Dec 13, 2024Yield to maturity4.341%Dec 20, 2024Yield to maturity4.451%Dec 30, 2024Yield to maturity4.466%Jan 7, 2025Yield to maturity4.593%Jan 14, 2025Yield to maturity4.712%Jan 22, 2025Yield to maturity4.527%Jan 29, 2025Yield to maturity4.469%Feb 5, 2025Yield to maturity4.339%Feb 12, 2025Yield to maturity4.564%Feb 20, 2025Yield to maturity4.437%Feb 27, 2025Yield to maturity4.215%Mar 6, 2025Yield to maturity4.201%Mar 13, 2025Yield to maturity4.172%Mar 20, 2025Yield to maturity4.139%Mar 27, 2025Yield to maturity4.255%Apr 3, 2025Yield to maturity3.914%Apr 10, 2025Yield to maturity4.251%Apr 17, 2025Yield to maturity4.173%Apr 25, 2025Yield to maturity4.110%May 2, 2025Yield to maturity4.149%May 9, 2025Yield to maturity4.213%May 16, 2025Yield to maturity4.268%May 23, 2025Yield to maturity4.327%Jun 2, 2025Yield to maturity4.258%Jun 9, 2025Yield to maturity4.308%Jun 16, 2025Yield to maturity4.258%Jun 24, 2025Yield to maturity4.080%Jul 1, 2025Yield to maturity4.050%Jul 9, 2025Yield to maturity4.139%Jul 16, 2025Yield to maturity4.239%Jul 23, 2025Yield to maturity4.179%Jul 30, 2025Yield to maturity4.169%Aug 6, 2025Yield to maturity3.989%Aug 13, 2025Yield to maturity3.994%Aug 20, 2025Yield to maturity4.034%Aug 27, 2025Yield to maturity3.963%Sep 4, 2025Yield to maturity3.888%Sep 11, 2025Yield to maturity3.773%Sep 18, 2025Yield to maturity3.867%Sep 25, 2025Yield to maturity3.952%Oct 2, 2025Yield to maturity3.866%Oct 9, 2025Yield to maturity3.931%Oct 17, 2025Yield to maturity3.784%Oct 24, 2025Yield to maturity3.789%Oct 31, 2025Yield to maturity3.889%Nov 7, 2025Yield to maturity3.868%Nov 17, 2025Yield to maturity3.898%Nov 24, 2025Yield to maturity3.791%Dec 2, 2025Yield to maturity3.846%Dec 9, 2025Yield to maturity3.958%Dec 16, 2025Yield to maturity3.891%Dec 23, 2025Yield to maturity3.931%Dec 31, 2025Yield to maturity3.925%Jan 8, 2026Yield to maturity3.935%Jan 15, 2026Yield to maturity3.945%Jan 23, 2026Yield to maturity4.018%Jan 30, 2026Yield to maturity4.002%Feb 6, 2026Yield to maturity3.959%Feb 13, 2026Yield to maturity3.796%Feb 23, 2026Yield to maturity3.769%Mar 2, 2026Yield to maturity3.799%Mar 9, 2026Yield to maturity3.878%Mar 16, 2026Yield to maturity3.979%Mar 23, 2026Yield to maturity4.135%Mar 30, 2026Yield to maturity4.146%Apr 6, 2026Yield to maturity4.141%Apr 13, 2026Yield to maturity4.081%Apr 20, 2026Yield to maturity4.015%Apr 27, 2026Yield to maturity4.114%May 4, 2026Yield to maturity4.235%May 11, 2026Yield to maturity4.208%May 18, 2026Yield to maturity4.399%May 26, 2026Yield to maturity4.304%Jun 2, 2026Yield to maturity4.276%Jun 9, 2026Yield to maturity4.361%Jun 16, 2026Yield to maturity4.248%Jun 24, 2026Yield to maturity4.260%Jul 1, 2026Yield to maturity4.323%Jul 9, 2026Yield to maturity4.363%Jul 16, 2026Yield to maturity4.375%Jul 23, 2026Yield to maturity4.538%Jul 30, 2026Yield to maturity4.481%Aug 6, 2026Yield to maturity4.488%Aug 13, 2026Yield to maturity4.418%Aug 20, 2026Yield to maturity4.478%Aug 27, 2026Yield to maturity4.479%Sep 3, 2026Yield to maturity4.598%Sep 11, 2026Yield to maturity4.840%Sep 18, 2026Yield to maturity4.915%Sep 25, 2026Yield to maturity5.053%Oct 2, 2026Yield to maturity5.136%Oct 9, 2026Yield to maturity5.102%Oct 19, 2026Yield to maturity5.011%Oct 26, 2026Yield to maturity4.890%Nov 2, 2026Yield to maturity4.769%Nov 9, 2026Yield to maturity4.734%

Price history

996 trading days to Nov 9, 2026

92.595.097.5100.0102.5105.0107.5Nov 15, 2022Nov 9, 2026Nov 15, 2022Close102.688Nov 22, 2022Close103.000Nov 30, 2022Close103.625Dec 7, 2022Close105.875Dec 14, 2022Close105.250Dec 21, 2022Close103.625Dec 29, 2022Close102.375Jan 6, 2023Close104.719Jan 13, 2023Close105.156Jan 23, 2023Close105.000Jan 30, 2023Close104.719Feb 6, 2023Close104.031Feb 13, 2023Close103.125Feb 21, 2023Close101.250Feb 28, 2023Close101.531Mar 7, 2023Close101.063Mar 14, 2023Close103.844Mar 21, 2023Close104.125Mar 28, 2023Close104.531Apr 4, 2023Close106.250Apr 11, 2023Close105.531Apr 18, 2023Close104.281Apr 25, 2023Close105.844May 2, 2023Close105.563May 9, 2023Close104.781May 16, 2023Close104.563May 23, 2023Close103.188May 31, 2023Close103.688Jun 7, 2023Close102.406Jun 14, 2023Close102.125Jun 22, 2023Close102.375Jun 29, 2023Close101.906Jul 7, 2023Close100.250Jul 14, 2023Close102.156Jul 21, 2023Close102.000Jul 28, 2023Close101.031Aug 4, 2023Close100.469Aug 11, 2023Close99.438Aug 18, 2023Close98.781Aug 25, 2023Close98.781Sep 1, 2023Close99.344Sep 11, 2023Close98.594Sep 18, 2023Close98.344Sep 25, 2023Close96.688Oct 2, 2023Close95.656Oct 10, 2023Close95.906Oct 17, 2023Close94.688Oct 24, 2023Close94.719Oct 31, 2023Close94.406Nov 7, 2023Close96.563Nov 14, 2023Close97.438Nov 21, 2023Close97.656Nov 29, 2023Close98.750Dec 6, 2023Close99.813Dec 13, 2023Close100.500Dec 20, 2023Close101.813Dec 28, 2023Close101.969Jan 5, 2024Close100.438Jan 12, 2024Close101.281Jan 22, 2024Close100.156Jan 29, 2024Close100.438Feb 5, 2024Close99.625Feb 12, 2024Close99.531Feb 20, 2024Close98.750Feb 27, 2024Close98.469Mar 5, 2024Close99.750Mar 12, 2024Close99.625Mar 19, 2024Close98.656Mar 26, 2024Close99.125Apr 3, 2024Close98.313Apr 10, 2024Close96.813Apr 17, 2024Close96.625Apr 24, 2024Close96.250May 1, 2024Close96.438May 8, 2024Close97.375May 15, 2024Close98.344May 22, 2024Close97.781May 30, 2024Close96.906Jun 6, 2024Close98.875Jun 13, 2024Close99.188Jun 21, 2024Close99.094Jun 28, 2024Close98.406Jul 8, 2024Close99.094Jul 15, 2024Close99.469Jul 22, 2024Close99.281Jul 29, 2024Close99.969Aug 5, 2024Close102.844Aug 12, 2024Close101.813Aug 19, 2024Close102.094Aug 26, 2024Close102.531Sep 3, 2024Close102.438Sep 10, 2024Close103.875Sep 17, 2024Close103.844Sep 24, 2024Close103.313Oct 1, 2024Close103.250Oct 8, 2024Close101.000Oct 16, 2024Close101.156Oct 23, 2024Close99.688Oct 30, 2024Close99.313Nov 6, 2024Close98.250Nov 14, 2024Close98.156Nov 21, 2024Close98.281Nov 29, 2024Close99.969Dec 6, 2024Close100.156Dec 13, 2024Close98.563Dec 20, 2024Close97.844Dec 30, 2024Close97.750Jan 7, 2025Close96.938Jan 14, 2025Close96.188Jan 22, 2025Close97.375Jan 29, 2025Close97.750Feb 5, 2025Close98.594Feb 12, 2025Close97.156Feb 20, 2025Close97.969Feb 27, 2025Close99.406Mar 6, 2025Close99.500Mar 13, 2025Close99.688Mar 20, 2025Close99.906Mar 27, 2025Close99.156Apr 3, 2025Close101.375Apr 10, 2025Close99.188Apr 17, 2025Close99.688Apr 25, 2025Close100.094May 2, 2025Close99.844May 9, 2025Close99.438May 16, 2025Close99.094May 23, 2025Close98.719Jun 2, 2025Close99.156Jun 9, 2025Close98.844Jun 16, 2025Close99.156Jun 24, 2025Close100.281Jul 1, 2025Close100.469Jul 9, 2025Close99.906Jul 16, 2025Close99.281Jul 23, 2025Close99.656Jul 30, 2025Close99.719Aug 6, 2025Close100.844Aug 13, 2025Close100.813Aug 20, 2025Close100.563Aug 27, 2025Close101.000Sep 4, 2025Close101.469Sep 11, 2025Close102.188Sep 18, 2025Close101.594Sep 25, 2025Close101.063Oct 2, 2025Close101.594Oct 9, 2025Close101.188Oct 17, 2025Close102.094Oct 24, 2025Close102.063Oct 31, 2025Close101.438Nov 7, 2025Close101.563Nov 17, 2025Close101.375Nov 24, 2025Close102.031Dec 2, 2025Close101.688Dec 9, 2025Close101.000Dec 16, 2025Close101.406Dec 23, 2025Close101.156Dec 31, 2025Close101.188Jan 8, 2026Close101.125Jan 15, 2026Close101.063Jan 23, 2026Close100.625Jan 30, 2026Close100.719Feb 6, 2026Close100.969Feb 13, 2026Close101.938Feb 23, 2026Close102.094Mar 2, 2026Close101.906Mar 9, 2026Close101.438Mar 16, 2026Close100.844Mar 23, 2026Close99.938Mar 30, 2026Close99.875Apr 6, 2026Close99.906Apr 13, 2026Close100.250Apr 20, 2026Close100.625Apr 27, 2026Close100.063May 4, 2026Close99.375May 11, 2026Close99.531May 18, 2026Close98.469May 26, 2026Close99.000Jun 2, 2026Close99.156Jun 9, 2026Close98.688Jun 16, 2026Close99.313Jun 24, 2026Close99.250Jul 1, 2026Close98.906Jul 9, 2026Close98.688Jul 16, 2026Close98.625Jul 23, 2026Close97.750Jul 30, 2026Close98.063Aug 6, 2026Close98.031Aug 13, 2026Close98.406Aug 20, 2026Close98.094Aug 27, 2026Close98.094Sep 3, 2026Close97.469Sep 11, 2026Close96.219Sep 18, 2026Close95.844Sep 25, 2026Close95.156Oct 2, 2026Close94.750Oct 9, 2026Close94.938Oct 19, 2026Close95.406Oct 26, 2026Close96.031Nov 2, 2026Close96.656Nov 9, 2026Close96.844
The most recent 20 trading days of prices for 91282CFV8.
DateBidOfferClose
Nov 9, 202696.84496.85996.844
Nov 6, 202696.93896.95396.969
Nov 5, 202697.03197.06397.188
Nov 4, 202696.62596.65696.750
Nov 3, 202696.53196.54796.469
Nov 2, 202696.75096.76696.656
Oct 30, 202696.43896.45396.563
Oct 29, 202696.21996.25096.219
Oct 28, 202695.81395.84495.844
Oct 27, 202696.06396.07896.031
Oct 26, 202696.06396.07896.031
Oct 23, 202696.06396.09496.094
Oct 22, 202696.00096.01696.281
Oct 21, 202695.53195.54795.406
Oct 20, 202695.56395.57895.469
Oct 19, 202695.46995.50095.406
Oct 16, 202695.68895.71995.688
Oct 15, 202695.56395.59495.594
Oct 14, 202694.81394.82895.125
Oct 13, 202695.03195.04795.063

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 91282CFV8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 9, 2022Nov 15, 2022New issue$35.0bn$47.3bn2.23x4.140%
Dec 12, 2022Dec 15, 2022Reopening$32.0bn$32.0bn2.31x3.625%
Jan 11, 2023Jan 17, 2023Reopening$32.0bn$32.0bn2.53x3.575%

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.