Treasury note

91282CGS4 · 3.625% due March 31, 2030

Original term
7-Year
Maturity
Mar 31, 2030
Coupon
3.625%
Pays
Semi-Annual
Dated
Mar 31, 2023
First coupon
Sep 30, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$33.99bn
Held stripped
$112.0m
Share stripped
0.33%

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
4.642%
Modified duration
3.130 yr
DV01
0.0304
Convexity
0.117
Dirty price
97.252

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.51
0.59
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 3.201 years against a modified duration of 3.130.

Against the fitted curve

Priced 0.6 bp rich to the curve on that day, 1.79 cents per 100 of face.

That is -0.69 standard deviations from its own typical residual.

Yield to maturity, 903 observations

3.0%3.5%4.0%4.5%5.0%5.5%Mar 31, 2023Nov 9, 2026Mar 31, 2023Yield to maturity3.554%Apr 6, 2023Yield to maturity3.337%Apr 12, 2023Yield to maturity3.432%Apr 18, 2023Yield to maturity3.630%Apr 24, 2023Yield to maturity3.558%Apr 28, 2023Yield to maturity3.491%May 4, 2023Yield to maturity3.319%May 10, 2023Yield to maturity3.404%May 16, 2023Yield to maturity3.526%May 22, 2023Yield to maturity3.744%May 26, 2023Yield to maturity3.882%Jun 2, 2023Yield to maturity3.787%Jun 8, 2023Yield to maturity3.813%Jun 14, 2023Yield to maturity3.958%Jun 21, 2023Yield to maturity3.852%Jun 27, 2023Yield to maturity3.916%Jul 3, 2023Yield to maturity4.057%Jul 10, 2023Yield to maturity4.162%Jul 14, 2023Yield to maturity3.956%Jul 20, 2023Yield to maturity4.000%Jul 26, 2023Yield to maturity4.023%Aug 1, 2023Yield to maturity4.183%Aug 7, 2023Yield to maturity4.157%Aug 11, 2023Yield to maturity4.286%Aug 17, 2023Yield to maturity4.405%Aug 23, 2023Yield to maturity4.328%Aug 29, 2023Yield to maturity4.245%Sep 5, 2023Yield to maturity4.365%Sep 11, 2023Yield to maturity4.389%Sep 15, 2023Yield to maturity4.437%Sep 21, 2023Yield to maturity4.599%Sep 27, 2023Yield to maturity4.706%Oct 3, 2023Yield to maturity4.862%Oct 10, 2023Yield to maturity4.688%Oct 16, 2023Yield to maturity4.767%Oct 20, 2023Yield to maturity4.954%Oct 26, 2023Yield to maturity4.902%Nov 1, 2023Yield to maturity4.773%Nov 7, 2023Yield to maturity4.604%Nov 13, 2023Yield to maturity4.713%Nov 17, 2023Yield to maturity4.503%Nov 24, 2023Yield to maturity4.535%Nov 30, 2023Yield to maturity4.395%Dec 6, 2023Yield to maturity4.175%Dec 12, 2023Yield to maturity4.264%Dec 18, 2023Yield to maturity3.993%Dec 22, 2023Yield to maturity3.925%Dec 29, 2023Yield to maturity3.897%Jan 5, 2024Yield to maturity4.065%Jan 11, 2024Yield to maturity3.968%Jan 18, 2024Yield to maturity4.108%Jan 24, 2024Yield to maturity4.145%Jan 30, 2024Yield to maturity4.046%Feb 5, 2024Yield to maturity4.171%Feb 9, 2024Yield to maturity4.184%Feb 15, 2024Yield to maturity4.263%Feb 22, 2024Yield to maturity4.367%Feb 28, 2024Yield to maturity4.308%Mar 5, 2024Yield to maturity4.160%Mar 11, 2024Yield to maturity4.113%Mar 15, 2024Yield to maturity4.350%Mar 21, 2024Yield to maturity4.290%Mar 27, 2024Yield to maturity4.213%Apr 3, 2024Yield to maturity4.367%Apr 9, 2024Yield to maturity4.394%Apr 15, 2024Yield to maturity4.656%Apr 19, 2024Yield to maturity4.665%Apr 25, 2024Yield to maturity4.736%May 1, 2024Yield to maturity4.650%May 7, 2024Yield to maturity4.483%May 13, 2024Yield to maturity4.510%May 17, 2024Yield to maturity4.443%May 23, 2024Yield to maturity4.520%May 30, 2024Yield to maturity4.592%Jun 5, 2024Yield to maturity4.317%Jun 11, 2024Yield to maturity4.413%Jun 17, 2024Yield to maturity4.302%Jun 24, 2024Yield to maturity4.279%Jun 28, 2024Yield to maturity4.356%Jul 5, 2024Yield to maturity4.238%Jul 11, 2024Yield to maturity4.151%Jul 17, 2024Yield to maturity4.095%Jul 23, 2024Yield to maturity4.179%Jul 29, 2024Yield to maturity4.092%Aug 2, 2024Yield to maturity3.655%Aug 8, 2024Yield to maturity3.879%Aug 14, 2024Yield to maturity3.711%Aug 20, 2024Yield to maturity3.730%Aug 26, 2024Yield to maturity3.712%Aug 30, 2024Yield to maturity3.775%Sep 6, 2024Yield to maturity3.556%Sep 12, 2024Yield to maturity3.525%Sep 18, 2024Yield to maturity3.531%Sep 24, 2024Yield to maturity3.537%Sep 30, 2024Yield to maturity3.631%Oct 4, 2024Yield to maturity3.848%Oct 10, 2024Yield to maturity3.952%Oct 17, 2024Yield to maturity3.940%Oct 23, 2024Yield to maturity4.091%Oct 29, 2024Yield to maturity4.138%Nov 4, 2024Yield to maturity4.199%Nov 8, 2024Yield to maturity4.227%Nov 15, 2024Yield to maturity4.329%Nov 21, 2024Yield to maturity4.331%Nov 27, 2024Yield to maturity4.158%Dec 4, 2024Yield to maturity4.099%Dec 10, 2024Yield to maturity4.121%Dec 16, 2024Yield to maturity4.271%Dec 20, 2024Yield to maturity4.395%Dec 27, 2024Yield to maturity4.474%Jan 3, 2025Yield to maturity4.435%Jan 9, 2025Yield to maturity4.485%Jan 15, 2025Yield to maturity4.481%Jan 22, 2025Yield to maturity4.456%Jan 28, 2025Yield to maturity4.361%Feb 3, 2025Yield to maturity4.384%Feb 7, 2025Yield to maturity4.365%Feb 13, 2025Yield to maturity4.416%Feb 20, 2025Yield to maturity4.369%Feb 26, 2025Yield to maturity4.105%Mar 4, 2025Yield to maturity4.037%Mar 10, 2025Yield to maturity4.004%Mar 14, 2025Yield to maturity4.117%Mar 20, 2025Yield to maturity4.034%Mar 26, 2025Yield to maturity4.112%Apr 1, 2025Yield to maturity3.924%Apr 7, 2025Yield to maturity3.833%Apr 11, 2025Yield to maturity4.167%Apr 17, 2025Yield to maturity3.961%Apr 24, 2025Yield to maturity3.941%Apr 30, 2025Yield to maturity3.737%May 6, 2025Yield to maturity3.907%May 12, 2025Yield to maturity4.109%May 16, 2025Yield to maturity4.074%May 22, 2025Yield to maturity4.119%May 29, 2025Yield to maturity4.019%Jun 4, 2025Yield to maturity3.947%Jun 10, 2025Yield to maturity4.094%Jun 16, 2025Yield to maturity4.044%Jun 23, 2025Yield to maturity3.907%Jun 27, 2025Yield to maturity3.834%Jul 3, 2025Yield to maturity3.938%Jul 10, 2025Yield to maturity3.931%Jul 16, 2025Yield to maturity3.984%Jul 22, 2025Yield to maturity3.881%Jul 28, 2025Yield to maturity3.964%Aug 1, 2025Yield to maturity3.764%Aug 7, 2025Yield to maturity3.787%Aug 13, 2025Yield to maturity3.758%Aug 19, 2025Yield to maturity3.811%Aug 25, 2025Yield to maturity3.781%Aug 29, 2025Yield to maturity3.677%Sep 5, 2025Yield to maturity3.580%Sep 11, 2025Yield to maturity3.572%Sep 17, 2025Yield to maturity3.610%Sep 23, 2025Yield to maturity3.663%Sep 29, 2025Yield to maturity3.732%Oct 3, 2025Yield to maturity3.701%Oct 9, 2025Yield to maturity3.717%Oct 16, 2025Yield to maturity3.525%Oct 22, 2025Yield to maturity3.540%Oct 28, 2025Yield to maturity3.586%Nov 3, 2025Yield to maturity3.694%Nov 7, 2025Yield to maturity3.655%Nov 14, 2025Yield to maturity3.710%Nov 20, 2025Yield to maturity3.648%Nov 26, 2025Yield to maturity3.546%Dec 3, 2025Yield to maturity3.593%Dec 9, 2025Yield to maturity3.743%Dec 15, 2025Yield to maturity3.688%Dec 19, 2025Yield to maturity3.648%Dec 26, 2025Yield to maturity3.648%Jan 2, 2026Yield to maturity3.680%Jan 8, 2026Yield to maturity3.680%Jan 14, 2026Yield to maturity3.664%Jan 21, 2026Yield to maturity3.779%Jan 27, 2026Yield to maturity3.763%Feb 2, 2026Yield to maturity3.772%Feb 6, 2026Yield to maturity3.690%Feb 12, 2026Yield to maturity3.616%Feb 19, 2026Yield to maturity3.600%Feb 25, 2026Yield to maturity3.575%Mar 3, 2026Yield to maturity3.591%Mar 9, 2026Yield to maturity3.658%Mar 13, 2026Yield to maturity3.827%Mar 19, 2026Yield to maturity3.861%Mar 25, 2026Yield to maturity3.948%Mar 31, 2026Yield to maturity3.889%Apr 6, 2026Yield to maturity3.950%Apr 10, 2026Yield to maturity3.899%Apr 16, 2026Yield to maturity3.865%Apr 22, 2026Yield to maturity3.875%Apr 28, 2026Yield to maturity3.937%May 4, 2026Yield to maturity4.043%May 8, 2026Yield to maturity3.974%May 14, 2026Yield to maturity4.090%May 20, 2026Yield to maturity4.173%May 27, 2026Yield to maturity4.139%Jun 2, 2026Yield to maturity4.141%Jun 8, 2026Yield to maturity4.252%Jun 12, 2026Yield to maturity4.181%Jun 18, 2026Yield to maturity4.221%Jun 25, 2026Yield to maturity4.149%Jul 1, 2026Yield to maturity4.216%Jul 8, 2026Yield to maturity4.274%Jul 14, 2026Yield to maturity4.277%Jul 20, 2026Yield to maturity4.289%Jul 24, 2026Yield to maturity4.405%Jul 30, 2026Yield to maturity4.341%Aug 5, 2026Yield to maturity4.287%Aug 11, 2026Yield to maturity4.337%Aug 17, 2026Yield to maturity4.312%Aug 21, 2026Yield to maturity4.363%Aug 27, 2026Yield to maturity4.346%Sep 2, 2026Yield to maturity4.494%Sep 9, 2026Yield to maturity4.558%Sep 15, 2026Yield to maturity4.789%Sep 21, 2026Yield to maturity4.825%Sep 25, 2026Yield to maturity4.961%Oct 1, 2026Yield to maturity4.955%Oct 7, 2026Yield to maturity4.960%Oct 14, 2026Yield to maturity4.957%Oct 20, 2026Yield to maturity4.901%Oct 26, 2026Yield to maturity4.815%Oct 30, 2026Yield to maturity4.687%Nov 5, 2026Yield to maturity4.557%Nov 9, 2026Yield to maturity4.642%

Price history

903 trading days to Nov 9, 2026

92949698100102Mar 31, 2023Nov 9, 2026Mar 31, 2023Close100.438Apr 6, 2023Close101.781Apr 12, 2023Close101.188Apr 18, 2023Close99.969Apr 24, 2023Close100.406Apr 28, 2023Close100.813May 4, 2023Close101.875May 10, 2023Close101.344May 16, 2023Close100.594May 22, 2023Close99.281May 26, 2023Close98.469Jun 2, 2023Close99.031Jun 8, 2023Close98.875Jun 14, 2023Close98.031Jun 21, 2023Close98.656Jun 27, 2023Close98.281Jul 3, 2023Close97.469Jul 10, 2023Close96.875Jul 14, 2023Close98.063Jul 20, 2023Close97.813Jul 26, 2023Close97.688Aug 1, 2023Close96.781Aug 7, 2023Close96.938Aug 11, 2023Close96.219Aug 17, 2023Close95.563Aug 23, 2023Close96.000Aug 29, 2023Close96.469Sep 5, 2023Close95.813Sep 11, 2023Close95.688Sep 15, 2023Close95.438Sep 21, 2023Close94.563Sep 27, 2023Close94.000Oct 3, 2023Close93.188Oct 10, 2023Close94.125Oct 16, 2023Close93.719Oct 20, 2023Close92.750Oct 26, 2023Close93.031Nov 1, 2023Close93.719Nov 7, 2023Close94.625Nov 13, 2023Close94.063Nov 17, 2023Close95.188Nov 24, 2023Close95.031Nov 30, 2023Close95.781Dec 6, 2023Close96.969Dec 12, 2023Close96.500Dec 18, 2023Close97.969Dec 22, 2023Close98.344Dec 29, 2023Close98.500Jan 5, 2024Close97.594Jan 11, 2024Close98.125Jan 18, 2024Close97.375Jan 24, 2024Close97.188Jan 30, 2024Close97.719Feb 5, 2024Close97.063Feb 9, 2024Close97.000Feb 15, 2024Close96.594Feb 22, 2024Close96.063Feb 28, 2024Close96.375Mar 5, 2024Close97.156Mar 11, 2024Close97.406Mar 15, 2024Close96.188Mar 21, 2024Close96.500Mar 27, 2024Close96.906Apr 3, 2024Close96.125Apr 9, 2024Close96.000Apr 15, 2024Close94.688Apr 19, 2024Close94.656Apr 25, 2024Close94.313May 1, 2024Close94.750May 7, 2024Close95.594May 13, 2024Close95.469May 17, 2024Close95.813May 23, 2024Close95.438May 30, 2024Close95.094Jun 5, 2024Close96.469Jun 11, 2024Close96.000Jun 17, 2024Close96.563Jun 24, 2024Close96.688Jun 28, 2024Close96.313Jul 5, 2024Close96.906Jul 11, 2024Close97.344Jul 17, 2024Close97.625Jul 23, 2024Close97.219Jul 29, 2024Close97.656Aug 2, 2024Close99.844Aug 8, 2024Close98.719Aug 14, 2024Close99.563Aug 20, 2024Close99.469Aug 26, 2024Close99.563Aug 30, 2024Close99.250Sep 6, 2024Close100.344Sep 12, 2024Close100.500Sep 18, 2024Close100.469Sep 24, 2024Close100.438Sep 30, 2024Close99.969Oct 4, 2024Close98.906Oct 10, 2024Close98.406Oct 17, 2024Close98.469Oct 23, 2024Close97.750Oct 29, 2024Close97.531Nov 4, 2024Close97.250Nov 8, 2024Close97.125Nov 15, 2024Close96.656Nov 21, 2024Close96.656Nov 27, 2024Close97.469Dec 4, 2024Close97.750Dec 10, 2024Close97.656Dec 16, 2024Close96.969Dec 20, 2024Close96.406Dec 27, 2024Close96.063Jan 3, 2025Close96.250Jan 9, 2025Close96.031Jan 15, 2025Close96.063Jan 22, 2025Close96.188Jan 28, 2025Close96.625Feb 3, 2025Close96.531Feb 7, 2025Close96.625Feb 13, 2025Close96.406Feb 20, 2025Close96.625Feb 26, 2025Close97.813Mar 4, 2025Close98.125Mar 10, 2025Close98.281Mar 14, 2025Close97.781Mar 20, 2025Close98.156Mar 26, 2025Close97.813Apr 1, 2025Close98.656Apr 7, 2025Close99.063Apr 11, 2025Close97.594Apr 17, 2025Close98.500Apr 24, 2025Close98.594Apr 30, 2025Close99.500May 6, 2025Close98.750May 12, 2025Close97.875May 16, 2025Close98.031May 22, 2025Close97.844May 29, 2025Close98.281Jun 4, 2025Close98.594Jun 10, 2025Close97.969Jun 16, 2025Close98.188Jun 23, 2025Close98.781Jun 27, 2025Close99.094Jul 3, 2025Close98.656Jul 10, 2025Close98.688Jul 16, 2025Close98.469Jul 22, 2025Close98.906Jul 28, 2025Close98.563Aug 1, 2025Close99.406Aug 7, 2025Close99.313Aug 13, 2025Close99.438Aug 19, 2025Close99.219Aug 25, 2025Close99.344Aug 29, 2025Close99.781Sep 5, 2025Close100.188Sep 11, 2025Close100.219Sep 17, 2025Close100.063Sep 23, 2025Close99.844Sep 29, 2025Close99.563Oct 3, 2025Close99.688Oct 9, 2025Close99.625Oct 16, 2025Close100.406Oct 22, 2025Close100.344Oct 28, 2025Close100.156Nov 3, 2025Close99.719Nov 7, 2025Close99.875Nov 14, 2025Close99.656Nov 20, 2025Close99.906Nov 26, 2025Close100.313Dec 3, 2025Close100.125Dec 9, 2025Close99.531Dec 15, 2025Close99.750Dec 19, 2025Close99.906Dec 26, 2025Close99.906Jan 2, 2026Close99.781Jan 8, 2026Close99.781Jan 14, 2026Close99.844Jan 21, 2026Close99.406Jan 27, 2026Close99.469Feb 2, 2026Close99.438Feb 6, 2026Close99.750Feb 12, 2026Close100.031Feb 19, 2026Close100.094Feb 25, 2026Close100.188Mar 3, 2026Close100.125Mar 9, 2026Close99.875Mar 13, 2026Close99.250Mar 19, 2026Close99.125Mar 25, 2026Close98.813Mar 31, 2026Close99.031Apr 6, 2026Close98.813Apr 10, 2026Close99.000Apr 16, 2026Close99.125Apr 22, 2026Close99.094Apr 28, 2026Close98.875May 4, 2026Close98.500May 8, 2026Close98.750May 14, 2026Close98.344May 20, 2026Close98.063May 27, 2026Close98.188Jun 2, 2026Close98.188Jun 8, 2026Close97.813Jun 12, 2026Close98.063Jun 18, 2026Close97.938Jun 25, 2026Close98.188Jul 1, 2026Close97.969Jul 8, 2026Close97.781Jul 14, 2026Close97.781Jul 20, 2026Close97.750Jul 24, 2026Close97.375Jul 30, 2026Close97.594Aug 5, 2026Close97.781Aug 11, 2026Close97.625Aug 17, 2026Close97.719Aug 21, 2026Close97.563Aug 27, 2026Close97.625Sep 2, 2026Close97.156Sep 9, 2026Close96.969Sep 15, 2026Close96.250Sep 21, 2026Close96.156Sep 25, 2026Close95.750Oct 1, 2026Close95.781Oct 7, 2026Close95.781Oct 14, 2026Close95.813Oct 20, 2026Close96.000Oct 26, 2026Close96.281Oct 30, 2026Close96.688Nov 5, 2026Close97.094Nov 9, 2026Close96.844
The most recent 20 trading days of prices for 91282CGS4.
DateBidOfferClose
Nov 9, 202696.84496.85996.844
Nov 6, 202696.90696.92296.938
Nov 5, 202696.93896.95397.094
Nov 4, 202696.68896.71996.781
Nov 3, 202696.65696.67296.625
Nov 2, 202696.75096.76696.719
Oct 30, 202696.59496.60996.688
Oct 29, 202696.46996.48496.469
Oct 28, 202696.12596.15696.219
Oct 27, 202696.28196.29796.250
Oct 26, 202696.31396.32896.281
Oct 23, 202696.34496.37596.375
Oct 22, 202696.28196.31396.469
Oct 21, 202696.00096.01695.938
Oct 20, 202696.03196.06396.000
Oct 19, 202696.03196.04796.000
Oct 16, 202696.15696.17296.125
Oct 15, 202696.00096.03196.031
Oct 14, 202695.62595.64195.813
Oct 13, 202695.78195.79795.813

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 91282CGS4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 29, 2023Mar 31, 2023New issue$35.0bn$35.0bn2.39x3.626%

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.