Treasury note

91282CGQ8 · 4% due February 28, 2030

Original term
7-Year
Maturity
Feb 28, 2030
Coupon
4.000%
Pays
Semi-Annual
Dated
Feb 28, 2023
First coupon
Aug 31, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$119.60bn
Held stripped
$21.8m
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, November 9, 2026

Yield to maturity
4.627%
Modified duration
3.032 yr
DV01
0.0300
Convexity
0.111
Dirty price
98.878

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.54
0.44
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 3.100 years against a modified duration of 3.032.

Against the fitted curve

Priced 1.5 bp rich to the curve on that day, 4.59 cents per 100 of face.

That is -1.11 standard deviations from its own typical residual.

Yield to maturity, 926 observations

3.0%3.5%4.0%4.5%5.0%5.5%Feb 28, 2023Nov 9, 2026Feb 28, 2023Yield to maturity4.072%Mar 6, 2023Yield to maturity4.161%Mar 10, 2023Yield to maturity3.860%Mar 16, 2023Yield to maturity3.671%Mar 22, 2023Yield to maturity3.529%Mar 28, 2023Yield to maturity3.604%Apr 3, 2023Yield to maturity3.496%Apr 7, 2023Yield to maturity3.465%Apr 13, 2023Yield to maturity3.490%Apr 19, 2023Yield to maturity3.672%Apr 25, 2023Yield to maturity3.432%May 1, 2023Yield to maturity3.635%May 5, 2023Yield to maturity3.429%May 11, 2023Yield to maturity3.388%May 17, 2023Yield to maturity3.591%May 23, 2023Yield to maturity3.746%May 30, 2023Yield to maturity3.782%Jun 5, 2023Yield to maturity3.792%Jun 9, 2023Yield to maturity3.866%Jun 15, 2023Yield to maturity3.845%Jun 22, 2023Yield to maturity3.946%Jun 28, 2023Yield to maturity3.871%Jul 5, 2023Yield to maturity4.140%Jul 11, 2023Yield to maturity4.157%Jul 17, 2023Yield to maturity3.945%Jul 21, 2023Yield to maturity4.005%Jul 27, 2023Yield to maturity4.180%Aug 2, 2023Yield to maturity4.208%Aug 8, 2023Yield to maturity4.098%Aug 14, 2023Yield to maturity4.326%Aug 18, 2023Yield to maturity4.366%Aug 24, 2023Yield to maturity4.373%Aug 30, 2023Yield to maturity4.261%Sep 6, 2023Yield to maturity4.425%Sep 12, 2023Yield to maturity4.392%Sep 18, 2023Yield to maturity4.444%Sep 22, 2023Yield to maturity4.560%Sep 28, 2023Yield to maturity4.665%Oct 4, 2023Yield to maturity4.778%Oct 11, 2023Yield to maturity4.639%Oct 17, 2023Yield to maturity4.905%Oct 23, 2023Yield to maturity4.890%Oct 27, 2023Yield to maturity4.868%Nov 2, 2023Yield to maturity4.715%Nov 8, 2023Yield to maturity4.563%Nov 14, 2023Yield to maturity4.477%Nov 20, 2023Yield to maturity4.489%Nov 27, 2023Yield to maturity4.456%Dec 1, 2023Yield to maturity4.229%Dec 7, 2023Yield to maturity4.177%Dec 13, 2023Yield to maturity4.057%Dec 19, 2023Yield to maturity3.982%Dec 26, 2023Yield to maturity3.936%Jan 2, 2024Yield to maturity3.976%Jan 8, 2024Yield to maturity4.017%Jan 12, 2024Yield to maturity3.912%Jan 19, 2024Yield to maturity4.128%Jan 25, 2024Yield to maturity4.087%Jan 31, 2024Yield to maturity3.953%Feb 6, 2024Yield to maturity4.088%Feb 12, 2024Yield to maturity4.177%Feb 16, 2024Yield to maturity4.321%Feb 23, 2024Yield to maturity4.304%Feb 29, 2024Yield to maturity4.292%Mar 6, 2024Yield to maturity4.143%Mar 12, 2024Yield to maturity4.185%Mar 18, 2024Yield to maturity4.379%Mar 22, 2024Yield to maturity4.234%Mar 28, 2024Yield to maturity4.228%Apr 4, 2024Yield to maturity4.320%Apr 10, 2024Yield to maturity4.618%Apr 16, 2024Yield to maturity4.701%Apr 22, 2024Yield to maturity4.671%Apr 26, 2024Yield to maturity4.704%May 2, 2024Yield to maturity4.585%May 8, 2024Yield to maturity4.511%May 14, 2024Yield to maturity4.475%May 20, 2024Yield to maturity4.470%May 24, 2024Yield to maturity4.522%May 31, 2024Yield to maturity4.536%Jun 6, 2024Yield to maturity4.297%Jun 12, 2024Yield to maturity4.329%Jun 18, 2024Yield to maturity4.242%Jun 25, 2024Yield to maturity4.262%Jul 1, 2024Yield to maturity4.459%Jul 8, 2024Yield to maturity4.244%Jul 12, 2024Yield to maturity4.125%Jul 18, 2024Yield to maturity4.138%Jul 24, 2024Yield to maturity4.183%Jul 30, 2024Yield to maturity4.056%Aug 5, 2024Yield to maturity3.649%Aug 9, 2024Yield to maturity3.829%Aug 15, 2024Yield to maturity3.817%Aug 21, 2024Yield to maturity3.678%Aug 27, 2024Yield to maturity3.703%Sep 3, 2024Yield to maturity3.702%Sep 9, 2024Yield to maturity3.544%Sep 13, 2024Yield to maturity3.480%Sep 19, 2024Yield to maturity3.548%Sep 25, 2024Yield to maturity3.578%Oct 1, 2024Yield to maturity3.552%Oct 7, 2024Yield to maturity3.889%Oct 11, 2024Yield to maturity3.915%Oct 18, 2024Yield to maturity3.908%Oct 24, 2024Yield to maturity4.058%Oct 30, 2024Yield to maturity4.164%Nov 5, 2024Yield to maturity4.191%Nov 12, 2024Yield to maturity4.346%Nov 18, 2024Yield to maturity4.306%Nov 22, 2024Yield to maturity4.321%Nov 29, 2024Yield to maturity4.086%Dec 5, 2024Yield to maturity4.099%Dec 11, 2024Yield to maturity4.160%Dec 17, 2024Yield to maturity4.276%Dec 23, 2024Yield to maturity4.463%Dec 30, 2024Yield to maturity4.388%Jan 6, 2025Yield to maturity4.438%Jan 10, 2025Yield to maturity4.607%Jan 16, 2025Yield to maturity4.413%Jan 23, 2025Yield to maturity4.470%Jan 29, 2025Yield to maturity4.373%Feb 4, 2025Yield to maturity4.340%Feb 10, 2025Yield to maturity4.362%Feb 14, 2025Yield to maturity4.356%Feb 21, 2025Yield to maturity4.280%Feb 27, 2025Yield to maturity4.091%Mar 5, 2025Yield to maturity4.077%Mar 11, 2025Yield to maturity4.028%Mar 17, 2025Yield to maturity4.105%Mar 21, 2025Yield to maturity3.999%Mar 27, 2025Yield to maturity4.091%Apr 2, 2025Yield to maturity3.950%Apr 8, 2025Yield to maturity3.872%Apr 14, 2025Yield to maturity4.013%Apr 21, 2025Yield to maturity3.949%Apr 25, 2025Yield to maturity3.870%May 1, 2025Yield to maturity3.799%May 7, 2025Yield to maturity3.848%May 13, 2025Yield to maturity4.115%May 19, 2025Yield to maturity4.050%May 23, 2025Yield to maturity4.064%May 30, 2025Yield to maturity3.962%Jun 5, 2025Yield to maturity3.984%Jun 11, 2025Yield to maturity3.999%Jun 17, 2025Yield to maturity3.969%Jun 24, 2025Yield to maturity3.837%Jun 30, 2025Yield to maturity3.763%Jul 7, 2025Yield to maturity3.940%Jul 11, 2025Yield to maturity3.969%Jul 17, 2025Yield to maturity3.984%Jul 23, 2025Yield to maturity3.917%Jul 29, 2025Yield to maturity3.879%Aug 4, 2025Yield to maturity3.722%Aug 8, 2025Yield to maturity3.804%Aug 14, 2025Yield to maturity3.788%Aug 20, 2025Yield to maturity3.773%Aug 26, 2025Yield to maturity3.704%Sep 2, 2025Yield to maturity3.710%Sep 8, 2025Yield to maturity3.543%Sep 12, 2025Yield to maturity3.602%Sep 18, 2025Yield to maturity3.639%Sep 24, 2025Yield to maturity3.683%Sep 30, 2025Yield to maturity3.705%Oct 6, 2025Yield to maturity3.720%Oct 10, 2025Yield to maturity3.618%Oct 17, 2025Yield to maturity3.555%Oct 23, 2025Yield to maturity3.577%Oct 29, 2025Yield to maturity3.676%Nov 4, 2025Yield to maturity3.667%Nov 10, 2025Yield to maturity3.682%Nov 17, 2025Yield to maturity3.689%Nov 21, 2025Yield to maturity3.585%Nov 28, 2025Yield to maturity3.567%Dec 4, 2025Yield to maturity3.638%Dec 10, 2025Yield to maturity3.676%Dec 16, 2025Yield to maturity3.635%Dec 22, 2025Yield to maturity3.658%Dec 29, 2025Yield to maturity3.608%Jan 5, 2026Yield to maturity3.639%Jan 9, 2026Yield to maturity3.695%Jan 15, 2026Yield to maturity3.710%Jan 22, 2026Yield to maturity3.783%Jan 28, 2026Yield to maturity3.774%Feb 3, 2026Yield to maturity3.757%Feb 9, 2026Yield to maturity3.673%Feb 13, 2026Yield to maturity3.538%Feb 20, 2026Yield to maturity3.587%Feb 26, 2026Yield to maturity3.527%Mar 4, 2026Yield to maturity3.626%Mar 10, 2026Yield to maturity3.676%Mar 16, 2026Yield to maturity3.759%Mar 20, 2026Yield to maturity3.982%Mar 26, 2026Yield to maturity4.060%Apr 1, 2026Yield to maturity3.912%Apr 7, 2026Yield to maturity3.912%Apr 13, 2026Yield to maturity3.868%Apr 17, 2026Yield to maturity3.788%Apr 23, 2026Yield to maturity3.911%Apr 29, 2026Yield to maturity4.008%May 5, 2026Yield to maturity4.025%May 11, 2026Yield to maturity4.017%May 15, 2026Yield to maturity4.206%May 21, 2026Yield to maturity4.188%May 28, 2026Yield to maturity4.116%Jun 3, 2026Yield to maturity4.172%Jun 9, 2026Yield to maturity4.218%Jun 15, 2026Yield to maturity4.145%Jun 22, 2026Yield to maturity4.276%Jun 26, 2026Yield to maturity4.110%Jul 2, 2026Yield to maturity4.194%Jul 9, 2026Yield to maturity4.223%Jul 15, 2026Yield to maturity4.205%Jul 21, 2026Yield to maturity4.330%Jul 27, 2026Yield to maturity4.369%Jul 31, 2026Yield to maturity4.390%Aug 6, 2026Yield to maturity4.343%Aug 12, 2026Yield to maturity4.306%Aug 18, 2026Yield to maturity4.298%Aug 24, 2026Yield to maturity4.348%Aug 28, 2026Yield to maturity4.438%Sep 3, 2026Yield to maturity4.449%Sep 10, 2026Yield to maturity4.680%Sep 16, 2026Yield to maturity4.834%Sep 22, 2026Yield to maturity4.827%Sep 28, 2026Yield to maturity5.035%Oct 2, 2026Yield to maturity4.999%Oct 8, 2026Yield to maturity4.919%Oct 15, 2026Yield to maturity4.872%Oct 21, 2026Yield to maturity4.907%Oct 27, 2026Yield to maturity4.818%Nov 2, 2026Yield to maturity4.665%Nov 6, 2026Yield to maturity4.595%Nov 9, 2026Yield to maturity4.627%

Price history

926 trading days to Nov 9, 2026

949698100102104106Feb 28, 2023Nov 9, 2026Feb 28, 2023Close99.563Mar 6, 2023Close99.031Mar 10, 2023Close100.844Mar 16, 2023Close102.000Mar 22, 2023Close102.875Mar 28, 2023Close102.406Apr 3, 2023Close103.063Apr 7, 2023Close103.250Apr 13, 2023Close103.094Apr 19, 2023Close101.969Apr 25, 2023Close103.438May 1, 2023Close102.188May 5, 2023Close103.438May 11, 2023Close103.688May 17, 2023Close102.438May 23, 2023Close101.500May 30, 2023Close101.281Jun 5, 2023Close101.219Jun 9, 2023Close100.781Jun 15, 2023Close100.906Jun 22, 2023Close100.313Jun 28, 2023Close100.750Jul 5, 2023Close99.188Jul 11, 2023Close99.094Jul 17, 2023Close100.313Jul 21, 2023Close99.969Jul 27, 2023Close98.969Aug 2, 2023Close98.813Aug 8, 2023Close99.438Aug 14, 2023Close98.156Aug 18, 2023Close97.938Aug 24, 2023Close97.906Aug 30, 2023Close98.531Sep 6, 2023Close97.625Sep 12, 2023Close97.813Sep 18, 2023Close97.531Sep 22, 2023Close96.906Sep 28, 2023Close96.344Oct 4, 2023Close95.750Oct 11, 2023Close96.500Oct 17, 2023Close95.094Oct 23, 2023Close95.188Oct 27, 2023Close95.313Nov 2, 2023Close96.125Nov 8, 2023Close96.938Nov 14, 2023Close97.406Nov 20, 2023Close97.344Nov 27, 2023Close97.531Dec 1, 2023Close98.750Dec 7, 2023Close99.031Dec 13, 2023Close99.688Dec 19, 2023Close100.094Dec 26, 2023Close100.344Jan 2, 2024Close100.125Jan 8, 2024Close99.906Jan 12, 2024Close100.469Jan 19, 2024Close99.313Jan 25, 2024Close99.531Jan 31, 2024Close100.250Feb 6, 2024Close99.531Feb 12, 2024Close99.063Feb 16, 2024Close98.313Feb 23, 2024Close98.406Feb 29, 2024Close98.469Mar 6, 2024Close99.250Mar 12, 2024Close99.031Mar 18, 2024Close98.031Mar 22, 2024Close98.781Mar 28, 2024Close98.813Apr 4, 2024Close98.344Apr 10, 2024Close96.844Apr 16, 2024Close96.438Apr 22, 2024Close96.594Apr 26, 2024Close96.438May 2, 2024Close97.031May 8, 2024Close97.406May 14, 2024Close97.594May 20, 2024Close97.625May 24, 2024Close97.375May 31, 2024Close97.313Jun 6, 2024Close98.500Jun 12, 2024Close98.344Jun 18, 2024Close98.781Jun 25, 2024Close98.688Jul 1, 2024Close97.719Jul 8, 2024Close98.781Jul 12, 2024Close99.375Jul 18, 2024Close99.313Jul 24, 2024Close99.094Jul 30, 2024Close99.719Aug 5, 2024Close101.750Aug 9, 2024Close100.844Aug 15, 2024Close100.906Aug 21, 2024Close101.594Aug 27, 2024Close101.469Sep 3, 2024Close101.469Sep 9, 2024Close102.250Sep 13, 2024Close102.563Sep 19, 2024Close102.219Sep 25, 2024Close102.063Oct 1, 2024Close102.188Oct 7, 2024Close100.531Oct 11, 2024Close100.406Oct 18, 2024Close100.438Oct 24, 2024Close99.719Oct 30, 2024Close99.219Nov 5, 2024Close99.094Nov 12, 2024Close98.375Nov 18, 2024Close98.563Nov 22, 2024Close98.500Nov 29, 2024Close99.594Dec 5, 2024Close99.531Dec 11, 2024Close99.250Dec 17, 2024Close98.719Dec 23, 2024Close97.875Dec 30, 2024Close98.219Jan 6, 2025Close98.000Jan 10, 2025Close97.250Jan 16, 2025Close98.125Jan 23, 2025Close97.875Jan 29, 2025Close98.313Feb 4, 2025Close98.469Feb 10, 2025Close98.375Feb 14, 2025Close98.406Feb 21, 2025Close98.750Feb 27, 2025Close99.594Mar 5, 2025Close99.656Mar 11, 2025Close99.875Mar 17, 2025Close99.531Mar 21, 2025Close100.000Mar 27, 2025Close99.594Apr 2, 2025Close100.219Apr 8, 2025Close100.563Apr 14, 2025Close99.938Apr 21, 2025Close100.219Apr 25, 2025Close100.563May 1, 2025Close100.875May 7, 2025Close100.656May 13, 2025Close99.500May 19, 2025Close99.781May 23, 2025Close99.719May 30, 2025Close100.156Jun 5, 2025Close100.063Jun 11, 2025Close100.000Jun 17, 2025Close100.125Jun 24, 2025Close100.688Jun 30, 2025Close101.000Jul 7, 2025Close100.250Jul 11, 2025Close100.125Jul 17, 2025Close100.063Jul 23, 2025Close100.344Jul 29, 2025Close100.500Aug 4, 2025Close101.156Aug 8, 2025Close100.813Aug 14, 2025Close100.875Aug 20, 2025Close100.938Aug 26, 2025Close101.219Sep 2, 2025Close101.188Sep 8, 2025Close101.875Sep 12, 2025Close101.625Sep 18, 2025Close101.469Sep 24, 2025Close101.281Sep 30, 2025Close101.188Oct 6, 2025Close101.125Oct 10, 2025Close101.531Oct 17, 2025Close101.781Oct 23, 2025Close101.688Oct 29, 2025Close101.281Nov 4, 2025Close101.313Nov 10, 2025Close101.250Nov 17, 2025Close101.219Nov 21, 2025Close101.625Nov 28, 2025Close101.688Dec 4, 2025Close101.406Dec 10, 2025Close101.250Dec 16, 2025Close101.406Dec 22, 2025Close101.313Dec 29, 2025Close101.500Jan 5, 2026Close101.375Jan 9, 2026Close101.156Jan 15, 2026Close101.094Jan 22, 2026Close100.813Jan 28, 2026Close100.844Feb 3, 2026Close100.906Feb 9, 2026Close101.219Feb 13, 2026Close101.719Feb 20, 2026Close101.531Feb 26, 2026Close101.750Mar 4, 2026Close101.375Mar 10, 2026Close101.188Mar 16, 2026Close100.875Mar 20, 2026Close100.063Mar 26, 2026Close99.781Apr 1, 2026Close100.313Apr 7, 2026Close100.313Apr 13, 2026Close100.469Apr 17, 2026Close100.750Apr 23, 2026Close100.313Apr 29, 2026Close99.969May 5, 2026Close99.906May 11, 2026Close99.938May 15, 2026Close99.281May 21, 2026Close99.344May 28, 2026Close99.594Jun 3, 2026Close99.406Jun 9, 2026Close99.250Jun 15, 2026Close99.500Jun 22, 2026Close99.063Jun 26, 2026Close99.625Jul 2, 2026Close99.344Jul 9, 2026Close99.250Jul 15, 2026Close99.313Jul 21, 2026Close98.906Jul 27, 2026Close98.781Jul 31, 2026Close98.719Aug 6, 2026Close98.875Aug 12, 2026Close99.000Aug 18, 2026Close99.031Aug 24, 2026Close98.875Aug 28, 2026Close98.594Sep 3, 2026Close98.563Sep 10, 2026Close97.844Sep 16, 2026Close97.375Sep 22, 2026Close97.406Sep 28, 2026Close96.781Oct 2, 2026Close96.906Oct 8, 2026Close97.156Oct 15, 2026Close97.313Oct 21, 2026Close97.219Oct 27, 2026Close97.500Nov 2, 2026Close97.969Nov 6, 2026Close98.188Nov 9, 2026Close98.094
The most recent 20 trading days of prices for 91282CGQ8.
DateBidOfferClose
Nov 9, 202698.06398.07898.094
Nov 6, 202698.15698.17298.188
Nov 5, 202698.18898.20398.313
Nov 4, 202697.93897.95398.031
Nov 3, 202697.90697.92297.875
Nov 2, 202698.00098.01697.969
Oct 30, 202697.84497.85997.938
Oct 29, 202697.71997.73497.719
Oct 28, 202697.40697.40697.500
Oct 27, 202697.53197.54797.500
Oct 26, 202697.56397.57897.531
Oct 23, 202697.59497.60997.625
Oct 22, 202697.56397.56397.719
Oct 21, 202697.28197.28197.219
Oct 20, 202697.31397.32897.250
Oct 19, 202697.28197.29797.281
Oct 16, 202697.40697.42297.406
Oct 15, 202697.28197.29797.313
Oct 14, 202696.90696.92297.094
Oct 13, 202697.06397.06397.094

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.

2 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 91282CGQ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 23, 2023Feb 28, 2023New issue$35.0bn$43.0bn2.49x4.062%
Feb 25, 2025Feb 28, 2025Reopening$70.0bn$77.1bn2.42x4.123%

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.