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
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$111.26bn
Held stripped
$26.1m
Share stripped
0.02%

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, September 30, 2026

Yield to maturity
5.159%
Modified duration
5.228 yr
DV01
0.0503
Convexity
0.324
Dirty price
96.183

Where its rate sensitivity sits

<.01
0.01
0.04
0.08
0.18
2.35
2.70
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 5.362 years against a modified duration of 5.228.

Against the fitted curve

Priced 2.3 bp cheap to the curve on that day, 11.66 cents per 100 of face.

That is 0.71 standard deviations from its own typical residual.

Yield to maturity, 971 observations

3.00%3.50%4.00%4.50%5.00%5.50%Nov 15, 2022Sep 30, 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 2, 2024Yield to maturity4.370%Apr 9, 2024Yield to maturity4.375%Apr 16, 2024Yield to maturity4.678%Apr 23, 2024Yield to maturity4.620%Apr 30, 2024Yield to maturity4.703%May 7, 2024Yield to maturity4.468%May 14, 2024Yield to maturity4.455%May 21, 2024Yield to maturity4.419%May 29, 2024Yield to maturity4.629%Jun 5, 2024Yield to maturity4.298%Jun 12, 2024Yield to maturity4.317%Jun 20, 2024Yield to maturity4.249%Jun 27, 2024Yield to maturity4.295%Jul 5, 2024Yield to maturity4.259%Jul 12, 2024Yield to maturity4.156%Jul 19, 2024Yield to maturity4.214%Jul 26, 2024Yield to maturity4.156%Aug 2, 2024Yield to maturity3.735%Aug 9, 2024Yield to maturity3.910%Aug 16, 2024Yield to maturity3.856%Aug 23, 2024Yield to maturity3.755%Aug 30, 2024Yield to maturity3.851%Sep 9, 2024Yield to maturity3.630%Sep 16, 2024Yield to maturity3.551%Sep 23, 2024Yield to maturity3.668%Sep 30, 2024Yield to maturity3.725%Oct 7, 2024Yield to maturity3.970%Oct 15, 2024Yield to maturity3.970%Oct 22, 2024Yield to maturity4.134%Oct 29, 2024Yield to maturity4.217%Nov 5, 2024Yield to maturity4.236%Nov 13, 2024Yield to maturity4.406%Nov 20, 2024Yield to maturity4.363%Nov 27, 2024Yield to maturity4.204%Dec 5, 2024Yield to maturity4.129%Dec 12, 2024Yield to maturity4.261%Dec 19, 2024Yield to maturity4.514%Dec 27, 2024Yield to maturity4.548%Jan 6, 2025Yield to maturity4.540%Jan 13, 2025Yield to maturity4.722%Jan 21, 2025Yield to maturity4.498%Jan 28, 2025Yield to maturity4.455%Feb 4, 2025Yield to maturity4.431%Feb 11, 2025Yield to maturity4.461%Feb 19, 2025Yield to maturity4.462%Feb 26, 2025Yield to maturity4.182%Mar 5, 2025Yield to maturity4.201%Mar 12, 2025Yield to maturity4.225%Mar 19, 2025Yield to maturity4.158%Mar 26, 2025Yield to maturity4.235%Apr 2, 2025Yield to maturity4.086%Apr 9, 2025Yield to maturity4.226%Apr 16, 2025Yield to maturity4.115%Apr 23, 2025Yield to maturity4.237%Apr 30, 2025Yield to maturity3.975%May 7, 2025Yield to maturity4.096%May 14, 2025Yield to maturity4.372%May 21, 2025Yield to maturity4.392%May 29, 2025Yield to maturity4.233%Jun 5, 2025Yield to maturity4.214%Jun 12, 2025Yield to maturity4.169%Jun 20, 2025Yield to maturity4.179%Jun 27, 2025Yield to maturity4.065%Jul 7, 2025Yield to maturity4.189%Jul 14, 2025Yield to maturity4.219%Jul 21, 2025Yield to maturity4.154%Jul 28, 2025Yield to maturity4.209%Aug 4, 2025Yield to maturity3.970%Aug 11, 2025Yield to maturity4.044%Aug 18, 2025Yield to maturity4.089%Aug 25, 2025Yield to maturity4.029%Sep 2, 2025Yield to maturity3.998%Sep 9, 2025Yield to maturity3.818%Sep 16, 2025Yield to maturity3.788%Sep 23, 2025Yield to maturity3.877%Sep 30, 2025Yield to maturity3.932%Oct 7, 2025Yield to maturity3.911%Oct 15, 2025Yield to maturity3.820%Oct 22, 2025Yield to maturity3.739%Oct 29, 2025Yield to maturity3.874%Nov 5, 2025Yield to maturity3.945%Nov 13, 2025Yield to maturity3.889%Nov 20, 2025Yield to maturity3.862%Nov 28, 2025Yield to maturity3.780%Dec 5, 2025Yield to maturity3.896%Dec 12, 2025Yield to maturity3.948%Dec 19, 2025Yield to maturity3.900%Dec 29, 2025Yield to maturity3.863%Jan 6, 2026Yield to maturity3.920%Jan 13, 2026Yield to maturity3.935%Jan 21, 2026Yield to maturity4.024%Jan 28, 2026Yield to maturity4.034%Feb 4, 2026Yield to maturity4.039%Feb 11, 2026Yield to maturity3.938%Feb 19, 2026Yield to maturity3.827%Feb 26, 2026Yield to maturity3.763%Mar 5, 2026Yield to maturity3.894%Mar 12, 2026Yield to maturity4.043%Mar 19, 2026Yield to maturity4.043%Mar 26, 2026Yield to maturity4.250%Apr 2, 2026Yield to maturity4.103%Apr 9, 2026Yield to maturity4.081%Apr 16, 2026Yield to maturity4.075%Apr 23, 2026Yield to maturity4.114%Apr 30, 2026Yield to maturity4.174%May 7, 2026Yield to maturity4.191%May 14, 2026Yield to maturity4.264%May 21, 2026Yield to maturity4.371%May 29, 2026Yield to maturity4.253%Jun 5, 2026Yield to maturity4.383%Jun 12, 2026Yield to maturity4.310%Jun 22, 2026Yield to maturity4.367%Jun 29, 2026Yield to maturity4.220%Jul 7, 2026Yield to maturity4.369%Jul 14, 2026Yield to maturity4.398%Jul 21, 2026Yield to maturity4.456%Jul 28, 2026Yield to maturity4.440%Aug 4, 2026Yield to maturity4.429%Aug 11, 2026Yield to maturity4.494%Aug 18, 2026Yield to maturity4.478%Aug 25, 2026Yield to maturity4.432%Sep 1, 2026Yield to maturity4.627%Sep 9, 2026Yield to maturity4.683%Sep 16, 2026Yield to maturity4.920%Sep 23, 2026Yield to maturity5.039%Sep 30, 2026Yield to maturity5.159%

Price history

971 trading days to Sep 30, 2026

92.595.097.5100.0102.5105.0107.5Nov 15, 2022Sep 30, 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 2, 2024Close98.250Apr 9, 2024Close98.219Apr 16, 2024Close96.125Apr 23, 2024Close96.531Apr 30, 2024Close95.969May 7, 2024Close97.594May 14, 2024Close97.688May 21, 2024Close97.938May 29, 2024Close96.500Jun 5, 2024Close98.781Jun 12, 2024Close98.656Jun 20, 2024Close99.125Jun 27, 2024Close98.813Jul 5, 2024Close99.063Jul 12, 2024Close99.781Jul 19, 2024Close99.375Jul 26, 2024Close99.781Aug 2, 2024Close102.750Aug 9, 2024Close101.500Aug 16, 2024Close101.875Aug 23, 2024Close102.594Aug 30, 2024Close101.906Sep 9, 2024Close103.469Sep 16, 2024Close104.031Sep 23, 2024Close103.188Sep 30, 2024Close102.781Oct 7, 2024Close101.063Oct 15, 2024Close101.063Oct 22, 2024Close99.938Oct 29, 2024Close99.375Nov 5, 2024Close99.250Nov 13, 2024Close98.125Nov 20, 2024Close98.406Nov 27, 2024Close99.469Dec 5, 2024Close99.969Dec 12, 2024Close99.094Dec 19, 2024Close97.438Dec 27, 2024Close97.219Jan 6, 2025Close97.281Jan 13, 2025Close96.125Jan 21, 2025Close97.563Jan 28, 2025Close97.844Feb 4, 2025Close98.000Feb 11, 2025Close97.813Feb 19, 2025Close97.813Feb 26, 2025Close99.625Mar 5, 2025Close99.500Mar 12, 2025Close99.344Mar 19, 2025Close99.781Mar 26, 2025Close99.281Apr 2, 2025Close100.250Apr 9, 2025Close99.344Apr 16, 2025Close100.063Apr 23, 2025Close99.281Apr 30, 2025Close100.969May 7, 2025Close100.188May 14, 2025Close98.438May 21, 2025Close98.313May 29, 2025Close99.313Jun 5, 2025Close99.438Jun 12, 2025Close99.719Jun 20, 2025Close99.656Jun 27, 2025Close100.375Jul 7, 2025Close99.594Jul 14, 2025Close99.406Jul 21, 2025Close99.813Jul 28, 2025Close99.469Aug 4, 2025Close100.969Aug 11, 2025Close100.500Aug 18, 2025Close100.219Aug 25, 2025Close100.594Sep 2, 2025Close100.781Sep 9, 2025Close101.906Sep 16, 2025Close102.094Sep 23, 2025Close101.531Sep 30, 2025Close101.188Oct 7, 2025Close101.313Oct 15, 2025Close101.875Oct 22, 2025Close102.375Oct 29, 2025Close101.531Nov 5, 2025Close101.094Nov 13, 2025Close101.438Nov 20, 2025Close101.594Nov 28, 2025Close102.094Dec 5, 2025Close101.375Dec 12, 2025Close101.063Dec 19, 2025Close101.344Dec 29, 2025Close101.563Jan 6, 2026Close101.219Jan 13, 2026Close101.125Jan 21, 2026Close100.594Jan 28, 2026Close100.531Feb 4, 2026Close100.500Feb 11, 2026Close101.094Feb 19, 2026Close101.750Feb 26, 2026Close102.125Mar 5, 2026Close101.344Mar 12, 2026Close100.469Mar 19, 2026Close100.469Mar 26, 2026Close99.281Apr 2, 2026Close100.125Apr 9, 2026Close100.250Apr 16, 2026Close100.281Apr 23, 2026Close100.063Apr 30, 2026Close99.719May 7, 2026Close99.625May 14, 2026Close99.219May 21, 2026Close98.625May 29, 2026Close99.281Jun 5, 2026Close98.563Jun 12, 2026Close98.969Jun 22, 2026Close98.656Jun 29, 2026Close99.469Jul 7, 2026Close98.656Jul 14, 2026Close98.500Jul 21, 2026Close98.188Jul 28, 2026Close98.281Aug 4, 2026Close98.344Aug 11, 2026Close98.000Aug 18, 2026Close98.094Aug 25, 2026Close98.344Sep 1, 2026Close97.313Sep 9, 2026Close97.031Sep 16, 2026Close95.813Sep 23, 2026Close95.219Sep 30, 2026Close94.625
The most recent 20 trading days of prices for 91282CFV8.
DateBidOfferClose
Sep 30, 202694.73494.71994.625
Sep 29, 202694.59494.56394.750
Sep 28, 202694.70394.68894.781
Sep 25, 202694.95394.93895.156
Sep 24, 202695.06395.03194.969
Sep 23, 202695.42295.40695.219
Sep 22, 202696.04796.03196.063
Sep 21, 202696.07896.06396.063
Sep 18, 202695.87595.84495.844
Sep 17, 202696.20396.18896.250
Sep 16, 202696.26696.25095.813
Sep 15, 202696.04796.03196.000
Sep 14, 202696.21996.18896.125
Sep 11, 202696.39196.37596.219
Sep 10, 202696.54796.53196.375
Sep 9, 202697.03197.00097.031
Sep 8, 202697.32897.31397.250
Sep 4, 202697.42297.40697.375
Sep 3, 202697.60997.59497.469
Sep 2, 202697.31397.28197.313

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

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.