Treasury note

91282CHC8 · 3.375% due May 15, 2033

Original term
10-Year
Maturity
May 15, 2033
Coupon
3.375%
Pays
Semi-Annual
Dated
May 15, 2023
First coupon
Nov 15, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$108.21bn
Held stripped
$189.0m
Share stripped
0.17%

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
4.756%
Modified duration
5.634 yr
DV01
0.0530
Convexity
0.372
Dirty price
93.985

Where its rate sensitivity sits

0.01
0.03
0.07
0.15
1.53
3.97
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 5.764 years against a modified duration of 5.634.

Against the fitted curve

Priced 3.5 bp cheap to the curve on that day, 18.77 cents per 100 of face.

That is 0.96 standard deviations from its own typical residual.

Yield to maturity, 872 observations

3.0%3.5%4.0%4.5%5.0%5.5%May 15, 2023Nov 9, 2026May 15, 2023Yield to maturity3.498%May 19, 2023Yield to maturity3.696%May 25, 2023Yield to maturity3.823%Jun 1, 2023Yield to maturity3.608%Jun 7, 2023Yield to maturity3.789%Jun 13, 2023Yield to maturity3.837%Jun 20, 2023Yield to maturity3.736%Jun 26, 2023Yield to maturity3.721%Jun 30, 2023Yield to maturity3.811%Jul 7, 2023Yield to maturity4.058%Jul 13, 2023Yield to maturity3.761%Jul 19, 2023Yield to maturity3.750%Jul 25, 2023Yield to maturity3.904%Jul 31, 2023Yield to maturity3.965%Aug 4, 2023Yield to maturity4.046%Aug 10, 2023Yield to maturity4.099%Aug 16, 2023Yield to maturity4.280%Aug 22, 2023Yield to maturity4.344%Aug 28, 2023Yield to maturity4.213%Sep 1, 2023Yield to maturity4.185%Sep 8, 2023Yield to maturity4.265%Sep 14, 2023Yield to maturity4.299%Sep 20, 2023Yield to maturity4.351%Sep 26, 2023Yield to maturity4.560%Oct 2, 2023Yield to maturity4.691%Oct 6, 2023Yield to maturity4.780%Oct 13, 2023Yield to maturity4.630%Oct 19, 2023Yield to maturity4.979%Oct 25, 2023Yield to maturity4.950%Oct 31, 2023Yield to maturity4.881%Nov 6, 2023Yield to maturity4.663%Nov 10, 2023Yield to maturity4.639%Nov 16, 2023Yield to maturity4.471%Nov 22, 2023Yield to maturity4.439%Nov 29, 2023Yield to maturity4.283%Dec 5, 2023Yield to maturity4.195%Dec 11, 2023Yield to maturity4.247%Dec 15, 2023Yield to maturity3.919%Dec 21, 2023Yield to maturity3.895%Dec 28, 2023Yield to maturity3.843%Jan 4, 2024Yield to maturity3.996%Jan 10, 2024Yield to maturity4.038%Jan 17, 2024Yield to maturity4.098%Jan 23, 2024Yield to maturity4.137%Jan 29, 2024Yield to maturity4.067%Feb 2, 2024Yield to maturity4.030%Feb 8, 2024Yield to maturity4.179%Feb 14, 2024Yield to maturity4.287%Feb 21, 2024Yield to maturity4.345%Feb 27, 2024Yield to maturity4.329%Mar 4, 2024Yield to maturity4.240%Mar 8, 2024Yield to maturity4.100%Mar 14, 2024Yield to maturity4.307%Mar 20, 2024Yield to maturity4.282%Mar 26, 2024Yield to maturity4.240%Apr 2, 2024Yield to maturity4.368%Apr 8, 2024Yield to maturity4.431%Apr 12, 2024Yield to maturity4.518%Apr 18, 2024Yield to maturity4.649%Apr 24, 2024Yield to maturity4.660%Apr 30, 2024Yield to maturity4.698%May 6, 2024Yield to maturity4.497%May 10, 2024Yield to maturity4.517%May 16, 2024Yield to maturity4.393%May 22, 2024Yield to maturity4.439%May 29, 2024Yield to maturity4.626%Jun 4, 2024Yield to maturity4.345%Jun 10, 2024Yield to maturity4.476%Jun 14, 2024Yield to maturity4.224%Jun 21, 2024Yield to maturity4.260%Jun 27, 2024Yield to maturity4.301%Jul 3, 2024Yield to maturity4.366%Jul 10, 2024Yield to maturity4.282%Jul 16, 2024Yield to maturity4.164%Jul 22, 2024Yield to maturity4.254%Jul 26, 2024Yield to maturity4.179%Aug 1, 2024Yield to maturity3.960%Aug 7, 2024Yield to maturity3.953%Aug 13, 2024Yield to maturity3.836%Aug 19, 2024Yield to maturity3.854%Aug 23, 2024Yield to maturity3.790%Aug 29, 2024Yield to maturity3.847%Sep 5, 2024Yield to maturity3.697%Sep 11, 2024Yield to maturity3.611%Sep 17, 2024Yield to maturity3.607%Sep 23, 2024Yield to maturity3.702%Sep 27, 2024Yield to maturity3.707%Oct 3, 2024Yield to maturity3.808%Oct 9, 2024Yield to maturity4.038%Oct 16, 2024Yield to maturity3.986%Oct 22, 2024Yield to maturity4.162%Oct 28, 2024Yield to maturity4.246%Nov 1, 2024Yield to maturity4.353%Nov 7, 2024Yield to maturity4.308%Nov 14, 2024Yield to maturity4.430%Nov 20, 2024Yield to maturity4.395%Nov 26, 2024Yield to maturity4.294%Dec 3, 2024Yield to maturity4.213%Dec 9, 2024Yield to maturity4.178%Dec 13, 2024Yield to maturity4.378%Dec 19, 2024Yield to maturity4.558%Dec 26, 2024Yield to maturity4.556%Jan 2, 2025Yield to maturity4.534%Jan 8, 2025Yield to maturity4.637%Jan 14, 2025Yield to maturity4.760%Jan 21, 2025Yield to maturity4.536%Jan 27, 2025Yield to maturity4.485%Jan 31, 2025Yield to maturity4.535%Feb 6, 2025Yield to maturity4.407%Feb 12, 2025Yield to maturity4.601%Feb 19, 2025Yield to maturity4.497%Feb 25, 2025Yield to maturity4.257%Mar 3, 2025Yield to maturity4.113%Mar 7, 2025Yield to maturity4.264%Mar 13, 2025Yield to maturity4.213%Mar 19, 2025Yield to maturity4.196%Mar 25, 2025Yield to maturity4.245%Mar 31, 2025Yield to maturity4.161%Apr 4, 2025Yield to maturity3.924%Apr 10, 2025Yield to maturity4.311%Apr 16, 2025Yield to maturity4.184%Apr 23, 2025Yield to maturity4.301%Apr 29, 2025Yield to maturity4.064%May 5, 2025Yield to maturity4.232%May 9, 2025Yield to maturity4.267%May 15, 2025Yield to maturity4.336%May 21, 2025Yield to maturity4.455%May 28, 2025Yield to maturity4.349%Jun 3, 2025Yield to maturity4.322%Jun 9, 2025Yield to maturity4.358%Jun 13, 2025Yield to maturity4.281%Jun 20, 2025Yield to maturity4.234%Jun 26, 2025Yield to maturity4.095%Jul 2, 2025Yield to maturity4.140%Jul 9, 2025Yield to maturity4.190%Jul 15, 2025Yield to maturity4.338%Jul 21, 2025Yield to maturity4.207%Jul 25, 2025Yield to maturity4.229%Jul 31, 2025Yield to maturity4.210%Aug 6, 2025Yield to maturity4.046%Aug 12, 2025Yield to maturity4.100%Aug 18, 2025Yield to maturity4.141%Aug 22, 2025Yield to maturity4.054%Aug 28, 2025Yield to maturity4.001%Sep 4, 2025Yield to maturity3.944%Sep 10, 2025Yield to maturity3.839%Sep 16, 2025Yield to maturity3.835%Sep 22, 2025Yield to maturity3.957%Sep 26, 2025Yield to maturity4.017%Oct 2, 2025Yield to maturity3.910%Oct 8, 2025Yield to maturity3.960%Oct 15, 2025Yield to maturity3.864%Oct 21, 2025Yield to maturity3.782%Oct 27, 2025Yield to maturity3.831%Oct 31, 2025Yield to maturity3.931%Nov 6, 2025Yield to maturity3.917%Nov 13, 2025Yield to maturity3.933%Nov 19, 2025Yield to maturity3.939%Nov 25, 2025Yield to maturity3.806%Dec 2, 2025Yield to maturity3.891%Dec 8, 2025Yield to maturity3.982%Dec 12, 2025Yield to maturity3.993%Dec 18, 2025Yield to maturity3.914%Dec 24, 2025Yield to maturity3.965%Dec 31, 2025Yield to maturity3.977%Jan 7, 2026Yield to maturity3.937%Jan 13, 2026Yield to maturity3.984%Jan 20, 2026Yield to maturity4.108%Jan 26, 2026Yield to maturity4.043%Jan 30, 2026Yield to maturity4.049%Feb 5, 2026Yield to maturity3.999%Feb 11, 2026Yield to maturity3.985%Feb 18, 2026Yield to maturity3.884%Feb 24, 2026Yield to maturity3.829%Mar 2, 2026Yield to maturity3.840%Mar 6, 2026Yield to maturity3.949%Mar 12, 2026Yield to maturity4.089%Mar 18, 2026Yield to maturity4.075%Mar 24, 2026Yield to maturity4.229%Mar 30, 2026Yield to maturity4.178%Apr 3, 2026Yield to maturity4.185%Apr 9, 2026Yield to maturity4.112%Apr 15, 2026Yield to maturity4.098%Apr 21, 2026Yield to maturity4.099%Apr 27, 2026Yield to maturity4.149%May 1, 2026Yield to maturity4.209%May 7, 2026Yield to maturity4.226%May 13, 2026Yield to maturity4.293%May 19, 2026Yield to maturity4.507%May 26, 2026Yield to maturity4.340%Jun 1, 2026Yield to maturity4.331%Jun 5, 2026Yield to maturity4.420%Jun 11, 2026Yield to maturity4.312%Jun 17, 2026Yield to maturity4.380%Jun 24, 2026Yield to maturity4.289%Jun 30, 2026Yield to maturity4.308%Jul 7, 2026Yield to maturity4.403%Jul 13, 2026Yield to maturity4.483%Jul 17, 2026Yield to maturity4.402%Jul 23, 2026Yield to maturity4.577%Jul 29, 2026Yield to maturity4.506%Aug 4, 2026Yield to maturity4.464%Aug 10, 2026Yield to maturity4.545%Aug 14, 2026Yield to maturity4.502%Aug 20, 2026Yield to maturity4.515%Aug 26, 2026Yield to maturity4.501%Sep 1, 2026Yield to maturity4.663%Sep 8, 2026Yield to maturity4.672%Sep 14, 2026Yield to maturity4.884%Sep 18, 2026Yield to maturity4.940%Sep 24, 2026Yield to maturity5.114%Sep 30, 2026Yield to maturity5.189%Oct 6, 2026Yield to maturity5.139%Oct 13, 2026Yield to maturity5.108%Oct 19, 2026Yield to maturity5.040%Oct 23, 2026Yield to maturity4.895%Oct 29, 2026Yield to maturity4.874%Nov 4, 2026Yield to maturity4.771%Nov 9, 2026Yield to maturity4.756%

Price history

872 trading days to Nov 9, 2026

86889092949698100May 15, 2023Nov 9, 2026May 15, 2023Close98.969May 19, 2023Close97.344May 25, 2023Close96.313Jun 1, 2023Close98.063Jun 7, 2023Close96.594Jun 13, 2023Close96.219Jun 20, 2023Close97.031Jun 26, 2023Close97.156Jun 30, 2023Close96.438Jul 7, 2023Close94.500Jul 13, 2023Close96.844Jul 19, 2023Close96.938Jul 25, 2023Close95.719Jul 31, 2023Close95.250Aug 4, 2023Close94.625Aug 10, 2023Close94.219Aug 16, 2023Close92.844Aug 22, 2023Close92.375Aug 28, 2023Close93.375Sep 1, 2023Close93.594Sep 8, 2023Close93.000Sep 14, 2023Close92.750Sep 20, 2023Close92.375Sep 26, 2023Close90.844Oct 2, 2023Close89.906Oct 6, 2023Close89.281Oct 13, 2023Close90.375Oct 19, 2023Close87.906Oct 25, 2023Close88.125Oct 31, 2023Close88.625Nov 6, 2023Close90.188Nov 10, 2023Close90.375Nov 16, 2023Close91.594Nov 22, 2023Close91.844Nov 29, 2023Close93.000Dec 5, 2023Close93.656Dec 11, 2023Close93.281Dec 15, 2023Close95.750Dec 21, 2023Close95.938Dec 28, 2023Close96.344Jan 4, 2024Close95.188Jan 10, 2024Close94.875Jan 17, 2024Close94.438Jan 23, 2024Close94.156Jan 29, 2024Close94.688Feb 2, 2024Close94.969Feb 8, 2024Close93.875Feb 14, 2024Close93.094Feb 21, 2024Close92.688Feb 27, 2024Close92.813Mar 4, 2024Close93.469Mar 8, 2024Close94.500Mar 14, 2024Close93.000Mar 20, 2024Close93.188Mar 26, 2024Close93.500Apr 2, 2024Close92.594Apr 8, 2024Close92.156Apr 12, 2024Close91.563Apr 18, 2024Close90.656Apr 24, 2024Close90.594Apr 30, 2024Close90.344May 6, 2024Close91.750May 10, 2024Close91.625May 16, 2024Close92.500May 22, 2024Close92.188May 29, 2024Close90.906Jun 4, 2024Close92.875Jun 10, 2024Close91.969Jun 14, 2024Close93.750Jun 21, 2024Close93.500Jun 27, 2024Close93.219Jul 3, 2024Close92.781Jul 10, 2024Close93.375Jul 16, 2024Close94.219Jul 22, 2024Close93.594Jul 26, 2024Close94.125Aug 1, 2024Close95.688Aug 7, 2024Close95.750Aug 13, 2024Close96.594Aug 19, 2024Close96.469Aug 23, 2024Close96.938Aug 29, 2024Close96.531Sep 5, 2024Close97.625Sep 11, 2024Close98.250Sep 17, 2024Close98.281Sep 23, 2024Close97.594Sep 27, 2024Close97.563Oct 3, 2024Close96.844Oct 9, 2024Close95.219Oct 16, 2024Close95.594Oct 22, 2024Close94.375Oct 28, 2024Close93.813Nov 1, 2024Close93.094Nov 7, 2024Close93.406Nov 14, 2024Close92.594Nov 20, 2024Close92.844Nov 26, 2024Close93.531Dec 3, 2024Close94.094Dec 9, 2024Close94.344Dec 13, 2024Close93.000Dec 19, 2024Close91.813Dec 26, 2024Close91.844Jan 2, 2025Close92.000Jan 8, 2025Close91.344Jan 14, 2025Close90.563Jan 21, 2025Close92.031Jan 27, 2025Close92.375Jan 31, 2025Close92.063Feb 6, 2025Close92.906Feb 12, 2025Close91.656Feb 19, 2025Close92.344Feb 25, 2025Close93.938Mar 3, 2025Close94.906Mar 7, 2025Close93.906Mar 13, 2025Close94.250Mar 19, 2025Close94.375Mar 25, 2025Close94.063Mar 31, 2025Close94.625Apr 4, 2025Close96.219Apr 10, 2025Close93.656Apr 16, 2025Close94.500Apr 23, 2025Close93.750Apr 29, 2025Close95.313May 5, 2025Close94.219May 9, 2025Close94.000May 15, 2025Close93.563May 21, 2025Close92.813May 28, 2025Close93.500Jun 3, 2025Close93.688Jun 9, 2025Close93.469Jun 13, 2025Close93.969Jun 20, 2025Close94.281Jun 26, 2025Close95.188Jul 2, 2025Close94.906Jul 9, 2025Close94.594Jul 15, 2025Close93.656Jul 21, 2025Close94.500Jul 25, 2025Close94.375Jul 31, 2025Close94.500Aug 6, 2025Close95.563Aug 12, 2025Close95.219Aug 18, 2025Close94.969Aug 22, 2025Close95.531Aug 28, 2025Close95.875Sep 4, 2025Close96.250Sep 10, 2025Close96.938Sep 16, 2025Close96.969Sep 22, 2025Close96.188Sep 26, 2025Close95.813Oct 2, 2025Close96.500Oct 8, 2025Close96.188Oct 15, 2025Close96.813Oct 21, 2025Close97.344Oct 27, 2025Close97.031Oct 31, 2025Close96.406Nov 6, 2025Close96.500Nov 13, 2025Close96.406Nov 19, 2025Close96.375Nov 25, 2025Close97.219Dec 2, 2025Close96.688Dec 8, 2025Close96.125Dec 12, 2025Close96.063Dec 18, 2025Close96.563Dec 24, 2025Close96.250Dec 31, 2025Close96.188Jan 7, 2026Close96.438Jan 13, 2026Close96.156Jan 20, 2026Close95.406Jan 26, 2026Close95.813Jan 30, 2026Close95.781Feb 5, 2026Close96.094Feb 11, 2026Close96.188Feb 18, 2026Close96.813Feb 24, 2026Close97.156Mar 2, 2026Close97.094Mar 6, 2026Close96.438Mar 12, 2026Close95.594Mar 18, 2026Close95.688Mar 24, 2026Close94.781Mar 30, 2026Close95.094Apr 3, 2026Close95.063Apr 9, 2026Close95.500Apr 15, 2026Close95.594Apr 21, 2026Close95.594Apr 27, 2026Close95.313May 1, 2026Close94.969May 7, 2026Close94.875May 13, 2026Close94.500May 19, 2026Close93.281May 26, 2026Close94.250Jun 1, 2026Close94.313Jun 5, 2026Close93.813Jun 11, 2026Close94.438Jun 17, 2026Close94.063Jun 24, 2026Close94.594Jun 30, 2026Close94.500Jul 7, 2026Close93.969Jul 13, 2026Close93.531Jul 17, 2026Close94.000Jul 23, 2026Close93.031Jul 29, 2026Close93.438Aug 4, 2026Close93.688Aug 10, 2026Close93.250Aug 14, 2026Close93.500Aug 20, 2026Close93.438Aug 26, 2026Close93.531Sep 1, 2026Close92.656Sep 8, 2026Close92.625Sep 14, 2026Close91.500Sep 18, 2026Close91.219Sep 24, 2026Close90.313Sep 30, 2026Close89.938Oct 6, 2026Close90.219Oct 13, 2026Close90.406Oct 19, 2026Close90.781Oct 23, 2026Close91.563Oct 29, 2026Close91.688Nov 4, 2026Close92.250Nov 9, 2026Close92.344
The most recent 20 trading days of prices for 91282CHC8.
DateBidOfferClose
Nov 9, 202692.34492.37592.344
Nov 6, 202692.43892.46992.469
Nov 5, 202692.53192.56392.688
Nov 4, 202692.12592.15692.250
Nov 3, 202692.00092.03191.938
Nov 2, 202692.25092.28192.156
Oct 30, 202691.90691.93892.031
Oct 29, 202691.68891.71991.688
Oct 28, 202691.31391.32891.313
Oct 27, 202691.53191.56391.500
Oct 26, 202691.53191.56391.500
Oct 23, 202691.56391.57891.563
Oct 22, 202691.46991.48491.750
Oct 21, 202690.93890.96990.844
Oct 20, 202690.96991.00090.906
Oct 19, 202690.87590.90690.781
Oct 16, 202691.09491.12591.094
Oct 15, 202690.96991.00091.000
Oct 14, 202690.15690.18890.500
Oct 13, 202690.37590.40690.406

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 91282CHC8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 10, 2023May 15, 2023New issue$35.0bn$44.5bn2.45x3.448%
Jun 12, 2023Jun 15, 2023Reopening$32.0bn$32.0bn2.36x3.791%
Jul 12, 2023Jul 17, 2023Reopening$32.0bn$32.0bn2.53x3.857%

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.