Treasury note

91282CGJ4 · 3.5% due January 31, 2030

Original term
7-Year
Maturity
Jan 31, 2030
Coupon
3.500%
Pays
Semi-Annual
Dated
Jan 31, 2023
First coupon
Jul 31, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$34.05bn
Held stripped
$62.0m
Share stripped
0.18%

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
4.627%
Modified duration
2.975 yr
DV01
0.0290
Convexity
0.106
Dirty price
97.626

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.61
0.33
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 3.045 years against a modified duration of 2.975.

Against the fitted curve

Priced 1.9 bp rich to the curve on that day, 5.62 cents per 100 of face.

That is -1.47 standard deviations from its own typical residual.

Yield to maturity, 945 observations

3.0%3.5%4.0%4.5%5.0%5.5%Jan 31, 2023Nov 9, 2026Jan 31, 2023Yield to maturity3.587%Feb 6, 2023Yield to maturity3.731%Feb 10, 2023Yield to maturity3.856%Feb 16, 2023Yield to maturity3.982%Feb 23, 2023Yield to maturity4.037%Mar 1, 2023Yield to maturity4.177%Mar 7, 2023Yield to maturity4.178%Mar 13, 2023Yield to maturity3.655%Mar 17, 2023Yield to maturity3.453%Mar 23, 2023Yield to maturity3.402%Mar 29, 2023Yield to maturity3.640%Apr 4, 2023Yield to maturity3.396%Apr 10, 2023Yield to maturity3.489%Apr 14, 2023Yield to maturity3.578%Apr 20, 2023Yield to maturity3.604%Apr 26, 2023Yield to maturity3.468%May 2, 2023Yield to maturity3.463%May 8, 2023Yield to maturity3.515%May 12, 2023Yield to maturity3.473%May 18, 2023Yield to maturity3.696%May 24, 2023Yield to maturity3.782%May 31, 2023Yield to maturity3.729%Jun 6, 2023Yield to maturity3.811%Jun 12, 2023Yield to maturity3.849%Jun 16, 2023Yield to maturity3.916%Jun 23, 2023Yield to maturity3.906%Jun 29, 2023Yield to maturity4.039%Jul 6, 2023Yield to maturity4.265%Jul 12, 2023Yield to maturity4.014%Jul 18, 2023Yield to maturity3.943%Jul 24, 2023Yield to maturity4.039%Jul 28, 2023Yield to maturity4.131%Aug 3, 2023Yield to maturity4.302%Aug 9, 2023Yield to maturity4.110%Aug 15, 2023Yield to maturity4.346%Aug 21, 2023Yield to maturity4.458%Aug 25, 2023Yield to maturity4.407%Aug 31, 2023Yield to maturity4.229%Sep 7, 2023Yield to maturity4.382%Sep 13, 2023Yield to maturity4.378%Sep 19, 2023Yield to maturity4.509%Sep 25, 2023Yield to maturity4.642%Sep 29, 2023Yield to maturity4.656%Oct 5, 2023Yield to maturity4.754%Oct 12, 2023Yield to maturity4.758%Oct 18, 2023Yield to maturity4.974%Oct 24, 2023Yield to maturity4.891%Oct 30, 2023Yield to maturity4.901%Nov 3, 2023Yield to maturity4.570%Nov 9, 2023Yield to maturity4.712%Nov 15, 2023Yield to maturity4.586%Nov 21, 2023Yield to maturity4.468%Nov 28, 2023Yield to maturity4.380%Dec 4, 2023Yield to maturity4.310%Dec 8, 2023Yield to maturity4.294%Dec 14, 2023Yield to maturity3.957%Dec 20, 2023Yield to maturity3.905%Dec 27, 2023Yield to maturity3.830%Jan 3, 2024Yield to maturity3.943%Jan 9, 2024Yield to maturity4.022%Jan 16, 2024Yield to maturity4.017%Jan 22, 2024Yield to maturity4.079%Jan 26, 2024Yield to maturity4.116%Feb 1, 2024Yield to maturity3.841%Feb 7, 2024Yield to maturity4.094%Feb 13, 2024Yield to maturity4.341%Feb 20, 2024Yield to maturity4.287%Feb 26, 2024Yield to maturity4.326%Mar 1, 2024Yield to maturity4.205%Mar 7, 2024Yield to maturity4.101%Mar 13, 2024Yield to maturity4.214%Mar 19, 2024Yield to maturity4.327%Mar 25, 2024Yield to maturity4.261%Apr 1, 2024Yield to maturity4.357%Apr 5, 2024Yield to maturity4.403%Apr 11, 2024Yield to maturity4.622%Apr 17, 2024Yield to maturity4.631%Apr 23, 2024Yield to maturity4.640%Apr 29, 2024Yield to maturity4.669%May 3, 2024Yield to maturity4.504%May 9, 2024Yield to maturity4.480%May 15, 2024Yield to maturity4.367%May 21, 2024Yield to maturity4.440%May 28, 2024Yield to maturity4.586%Jun 3, 2024Yield to maturity4.439%Jun 7, 2024Yield to maturity4.468%Jun 13, 2024Yield to maturity4.249%Jun 20, 2024Yield to maturity4.271%Jun 26, 2024Yield to maturity4.351%Jul 2, 2024Yield to maturity4.406%Jul 9, 2024Yield to maturity4.258%Jul 15, 2024Yield to maturity4.156%Jul 19, 2024Yield to maturity4.184%Jul 25, 2024Yield to maturity4.185%Jul 31, 2024Yield to maturity3.992%Aug 6, 2024Yield to maturity3.767%Aug 12, 2024Yield to maturity3.781%Aug 16, 2024Yield to maturity3.794%Aug 22, 2024Yield to maturity3.762%Aug 28, 2024Yield to maturity3.711%Sep 4, 2024Yield to maturity3.615%Sep 10, 2024Yield to maturity3.480%Sep 16, 2024Yield to maturity3.461%Sep 20, 2024Yield to maturity3.532%Sep 26, 2024Yield to maturity3.603%Oct 2, 2024Yield to maturity3.584%Oct 8, 2024Yield to maturity3.893%Oct 15, 2024Yield to maturity3.881%Oct 21, 2024Yield to maturity4.010%Oct 25, 2024Yield to maturity4.099%Oct 31, 2024Yield to maturity4.175%Nov 6, 2024Yield to maturity4.307%Nov 13, 2024Yield to maturity4.331%Nov 19, 2024Yield to maturity4.278%Nov 25, 2024Yield to maturity4.197%Dec 2, 2024Yield to maturity4.116%Dec 6, 2024Yield to maturity4.063%Dec 12, 2024Yield to maturity4.203%Dec 18, 2024Yield to maturity4.416%Dec 24, 2024Yield to maturity4.469%Dec 31, 2024Yield to maturity4.408%Jan 7, 2025Yield to maturity4.475%Jan 13, 2025Yield to maturity4.629%Jan 17, 2025Yield to maturity4.438%Jan 24, 2025Yield to maturity4.456%Jan 30, 2025Yield to maturity4.328%Feb 5, 2025Yield to maturity4.259%Feb 11, 2025Yield to maturity4.391%Feb 18, 2025Yield to maturity4.416%Feb 24, 2025Yield to maturity4.251%Feb 28, 2025Yield to maturity4.051%Mar 6, 2025Yield to maturity4.081%Mar 12, 2025Yield to maturity4.097%Mar 18, 2025Yield to maturity4.085%Mar 24, 2025Yield to maturity4.108%Mar 28, 2025Yield to maturity3.987%Apr 3, 2025Yield to maturity3.749%Apr 9, 2025Yield to maturity4.062%Apr 15, 2025Yield to maturity3.991%Apr 22, 2025Yield to maturity3.985%Apr 28, 2025Yield to maturity3.818%May 2, 2025Yield to maturity3.922%May 8, 2025Yield to maturity4.004%May 14, 2025Yield to maturity4.170%May 20, 2025Yield to maturity4.067%May 27, 2025Yield to maturity4.024%Jun 2, 2025Yield to maturity4.019%Jun 6, 2025Yield to maturity4.134%Jun 12, 2025Yield to maturity3.969%Jun 18, 2025Yield to maturity3.978%Jun 25, 2025Yield to maturity3.836%Jul 1, 2025Yield to maturity3.830%Jul 8, 2025Yield to maturity3.976%Jul 14, 2025Yield to maturity3.970%Jul 18, 2025Yield to maturity3.948%Jul 24, 2025Yield to maturity3.965%Jul 30, 2025Yield to maturity3.951%Aug 5, 2025Yield to maturity3.752%Aug 11, 2025Yield to maturity3.814%Aug 15, 2025Yield to maturity3.823%Aug 21, 2025Yield to maturity3.839%Aug 27, 2025Yield to maturity3.685%Sep 3, 2025Yield to maturity3.670%Sep 9, 2025Yield to maturity3.585%Sep 15, 2025Yield to maturity3.585%Sep 19, 2025Yield to maturity3.656%Sep 25, 2025Yield to maturity3.743%Oct 1, 2025Yield to maturity3.657%Oct 7, 2025Yield to maturity3.681%Oct 14, 2025Yield to maturity3.570%Oct 20, 2025Yield to maturity3.555%Oct 24, 2025Yield to maturity3.571%Oct 30, 2025Yield to maturity3.691%Nov 5, 2025Yield to maturity3.732%Nov 12, 2025Yield to maturity3.636%Nov 18, 2025Yield to maturity3.661%Nov 24, 2025Yield to maturity3.572%Dec 1, 2025Yield to maturity3.630%Dec 5, 2025Yield to maturity3.671%Dec 11, 2025Yield to maturity3.663%Dec 17, 2025Yield to maturity3.631%Dec 23, 2025Yield to maturity3.681%Dec 30, 2025Yield to maturity3.607%Jan 6, 2026Yield to maturity3.641%Jan 12, 2026Yield to maturity3.692%Jan 16, 2026Yield to maturity3.753%Jan 23, 2026Yield to maturity3.762%Jan 29, 2026Yield to maturity3.720%Feb 4, 2026Yield to maturity3.755%Feb 10, 2026Yield to maturity3.619%Feb 17, 2026Yield to maturity3.559%Feb 23, 2026Yield to maturity3.517%Feb 27, 2026Yield to maturity3.456%Mar 5, 2026Yield to maturity3.664%Mar 11, 2026Yield to maturity3.726%Mar 17, 2026Yield to maturity3.735%Mar 23, 2026Yield to maturity3.922%Mar 27, 2026Yield to maturity4.022%Apr 2, 2026Yield to maturity3.889%Apr 8, 2026Yield to maturity3.873%Apr 14, 2026Yield to maturity3.820%Apr 20, 2026Yield to maturity3.794%Apr 24, 2026Yield to maturity3.859%Apr 30, 2026Yield to maturity3.960%May 6, 2026Yield to maturity3.944%May 12, 2026Yield to maturity4.075%May 18, 2026Yield to maturity4.207%May 22, 2026Yield to maturity4.220%May 29, 2026Yield to maturity4.101%Jun 4, 2026Yield to maturity4.150%Jun 10, 2026Yield to maturity4.229%Jun 16, 2026Yield to maturity4.118%Jun 23, 2026Yield to maturity4.245%Jun 29, 2026Yield to maturity4.124%Jul 6, 2026Yield to maturity4.175%Jul 10, 2026Yield to maturity4.276%Jul 16, 2026Yield to maturity4.239%Jul 22, 2026Yield to maturity4.380%Jul 28, 2026Yield to maturity4.335%Aug 3, 2026Yield to maturity4.358%Aug 7, 2026Yield to maturity4.292%Aug 13, 2026Yield to maturity4.254%Aug 19, 2026Yield to maturity4.288%Aug 25, 2026Yield to maturity4.301%Aug 31, 2026Yield to maturity4.446%Sep 4, 2026Yield to maturity4.492%Sep 11, 2026Yield to maturity4.744%Sep 17, 2026Yield to maturity4.768%Sep 23, 2026Yield to maturity4.994%Sep 29, 2026Yield to maturity5.022%Oct 5, 2026Yield to maturity4.997%Oct 9, 2026Yield to maturity4.963%Oct 16, 2026Yield to maturity4.852%Oct 22, 2026Yield to maturity4.749%Oct 28, 2026Yield to maturity4.830%Nov 3, 2026Yield to maturity4.707%Nov 9, 2026Yield to maturity4.627%

Price history

945 trading days to Nov 9, 2026

9092949698100102Jan 31, 2023Nov 9, 2026Jan 31, 2023Close99.469Feb 6, 2023Close98.594Feb 10, 2023Close97.844Feb 16, 2023Close97.094Feb 23, 2023Close96.781Mar 1, 2023Close95.969Mar 7, 2023Close95.969Mar 13, 2023Close99.063Mar 17, 2023Close100.281Mar 23, 2023Close100.594Mar 29, 2023Close99.156Apr 4, 2023Close100.625Apr 10, 2023Close100.063Apr 14, 2023Close99.531Apr 20, 2023Close99.375Apr 26, 2023Close100.188May 2, 2023Close100.219May 8, 2023Close99.906May 12, 2023Close100.156May 18, 2023Close98.844May 24, 2023Close98.344May 31, 2023Close98.656Jun 6, 2023Close98.188Jun 12, 2023Close97.969Jun 16, 2023Close97.594Jun 23, 2023Close97.656Jun 29, 2023Close96.906Jul 6, 2023Close95.656Jul 12, 2023Close97.063Jul 18, 2023Close97.469Jul 24, 2023Close96.938Jul 28, 2023Close96.438Aug 3, 2023Close95.500Aug 9, 2023Close96.563Aug 15, 2023Close95.281Aug 21, 2023Close94.688Aug 25, 2023Close94.969Aug 31, 2023Close95.938Sep 7, 2023Close95.125Sep 13, 2023Close95.156Sep 19, 2023Close94.469Sep 25, 2023Close93.781Sep 29, 2023Close93.719Oct 5, 2023Close93.219Oct 12, 2023Close93.219Oct 18, 2023Close92.125Oct 24, 2023Close92.563Oct 30, 2023Close92.531Nov 3, 2023Close94.250Nov 9, 2023Close93.531Nov 15, 2023Close94.188Nov 21, 2023Close94.813Nov 28, 2023Close95.281Dec 4, 2023Close95.656Dec 8, 2023Close95.750Dec 14, 2023Close97.531Dec 20, 2023Close97.813Dec 27, 2023Close98.219Jan 3, 2024Close97.625Jan 9, 2024Close97.219Jan 16, 2024Close97.250Jan 22, 2024Close96.938Jan 26, 2024Close96.750Feb 1, 2024Close98.188Feb 7, 2024Close96.875Feb 13, 2024Close95.625Feb 20, 2024Close95.906Feb 26, 2024Close95.719Mar 1, 2024Close96.344Mar 7, 2024Close96.875Mar 13, 2024Close96.313Mar 19, 2024Close95.750Mar 25, 2024Close96.094Apr 1, 2024Close95.625Apr 5, 2024Close95.406Apr 11, 2024Close94.344Apr 17, 2024Close94.313Apr 23, 2024Close94.281Apr 29, 2024Close94.156May 3, 2024Close94.969May 9, 2024Close95.094May 15, 2024Close95.656May 21, 2024Close95.313May 28, 2024Close94.625Jun 3, 2024Close95.344Jun 7, 2024Close95.219Jun 13, 2024Close96.281Jun 20, 2024Close96.188Jun 26, 2024Close95.813Jul 2, 2024Close95.563Jul 9, 2024Close96.281Jul 15, 2024Close96.781Jul 19, 2024Close96.656Jul 25, 2024Close96.656Jul 31, 2024Close97.594Aug 6, 2024Close98.688Aug 12, 2024Close98.625Aug 16, 2024Close98.563Aug 22, 2024Close98.719Aug 28, 2024Close98.969Sep 4, 2024Close99.438Sep 10, 2024Close100.094Sep 16, 2024Close100.188Sep 20, 2024Close99.844Sep 26, 2024Close99.500Oct 2, 2024Close99.594Oct 8, 2024Close98.125Oct 15, 2024Close98.188Oct 21, 2024Close97.594Oct 25, 2024Close97.188Oct 31, 2024Close96.844Nov 6, 2024Close96.250Nov 13, 2024Close96.156Nov 19, 2024Close96.406Nov 25, 2024Close96.781Dec 2, 2024Close97.156Dec 6, 2024Close97.406Dec 12, 2024Close96.781Dec 18, 2024Close95.844Dec 24, 2024Close95.625Dec 31, 2024Close95.906Jan 7, 2025Close95.625Jan 13, 2025Close94.969Jan 17, 2025Close95.813Jan 24, 2025Close95.750Jan 30, 2025Close96.313Feb 5, 2025Close96.625Feb 11, 2025Close96.063Feb 18, 2025Close95.969Feb 24, 2025Close96.688Feb 28, 2025Close97.563Mar 6, 2025Close97.438Mar 12, 2025Close97.375Mar 18, 2025Close97.438Mar 24, 2025Close97.344Mar 28, 2025Close97.875Apr 3, 2025Close98.906Apr 9, 2025Close97.563Apr 15, 2025Close97.875Apr 22, 2025Close97.906Apr 28, 2025Close98.625May 2, 2025Close98.188May 8, 2025Close97.844May 14, 2025Close97.156May 20, 2025Close97.594May 27, 2025Close97.781Jun 2, 2025Close97.813Jun 6, 2025Close97.344Jun 12, 2025Close98.031Jun 18, 2025Close98.000Jun 25, 2025Close98.594Jul 1, 2025Close98.625Jul 8, 2025Close98.031Jul 14, 2025Close98.063Jul 18, 2025Close98.156Jul 24, 2025Close98.094Jul 30, 2025Close98.156Aug 5, 2025Close98.969Aug 11, 2025Close98.719Aug 15, 2025Close98.688Aug 21, 2025Close98.625Aug 27, 2025Close99.250Sep 3, 2025Close99.313Sep 9, 2025Close99.656Sep 15, 2025Close99.656Sep 19, 2025Close99.375Sep 25, 2025Close99.031Oct 1, 2025Close99.375Oct 7, 2025Close99.281Oct 14, 2025Close99.719Oct 20, 2025Close99.781Oct 24, 2025Close99.719Oct 30, 2025Close99.250Nov 5, 2025Close99.094Nov 12, 2025Close99.469Nov 18, 2025Close99.375Nov 24, 2025Close99.719Dec 1, 2025Close99.500Dec 5, 2025Close99.344Dec 11, 2025Close99.375Dec 17, 2025Close99.500Dec 23, 2025Close99.313Dec 30, 2025Close99.594Jan 6, 2026Close99.469Jan 12, 2026Close99.281Jan 16, 2026Close99.063Jan 23, 2026Close99.031Jan 29, 2026Close99.188Feb 4, 2026Close99.063Feb 10, 2026Close99.563Feb 17, 2026Close99.781Feb 23, 2026Close99.938Feb 27, 2026Close100.156Mar 5, 2026Close99.406Mar 11, 2026Close99.188Mar 17, 2026Close99.156Mar 23, 2026Close98.500Mar 27, 2026Close98.156Apr 2, 2026Close98.625Apr 8, 2026Close98.688Apr 14, 2026Close98.875Apr 20, 2026Close98.969Apr 24, 2026Close98.750Apr 30, 2026Close98.406May 6, 2026Close98.469May 12, 2026Close98.031May 18, 2026Close97.594May 22, 2026Close97.563May 29, 2026Close97.969Jun 4, 2026Close97.813Jun 10, 2026Close97.563Jun 16, 2026Close97.938Jun 23, 2026Close97.531Jun 29, 2026Close97.938Jul 6, 2026Close97.781Jul 10, 2026Close97.469Jul 16, 2026Close97.594Jul 22, 2026Close97.156Jul 28, 2026Close97.313Aug 3, 2026Close97.250Aug 7, 2026Close97.469Aug 13, 2026Close97.594Aug 19, 2026Close97.500Aug 25, 2026Close97.469Aug 31, 2026Close97.031Sep 4, 2026Close96.906Sep 11, 2026Close96.156Sep 17, 2026Close96.094Sep 23, 2026Close95.438Sep 29, 2026Close95.375Oct 5, 2026Close95.469Oct 9, 2026Close95.594Oct 16, 2026Close95.938Oct 22, 2026Close96.250Oct 28, 2026Close96.031Nov 3, 2026Close96.406Nov 9, 2026Close96.656
The most recent 20 trading days of prices for 91282CGJ4.
DateBidOfferClose
Nov 9, 202696.62596.64196.656
Nov 6, 202696.68896.71996.719
Nov 5, 202696.71996.73496.844
Nov 4, 202696.50096.51696.563
Nov 3, 202696.43896.45396.406
Nov 2, 202696.53196.54796.500
Oct 30, 202696.37596.40696.500
Oct 29, 202696.25096.28196.250
Oct 28, 202695.93895.95396.031
Oct 27, 202696.06396.09496.063
Oct 26, 202696.09496.12596.063
Oct 23, 202696.15696.17296.156
Oct 22, 202696.09496.10996.250
Oct 21, 202695.81395.82895.750
Oct 20, 202695.87595.89195.813
Oct 19, 202695.84495.85995.813
Oct 16, 202695.96995.98495.938
Oct 15, 202695.84495.85995.844
Oct 14, 202695.46995.48495.656
Oct 13, 202695.62595.64195.656

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 91282CGJ4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 26, 2023Jan 31, 2023New issue$35.0bn$35.0bn2.69x3.517%

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.