Treasury note

91282CHF1 · 3.75% due May 31, 2030

Original term
7-Year
Maturity
May 31, 2030
Coupon
3.750%
Pays
Semi-Annual
Dated
May 31, 2023
First coupon
Nov 30, 2023
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$40.69bn
Held stripped
$1.4m
Share stripped
<0.01%

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
4.646%
Modified duration
3.226 yr
DV01
0.0319
Convexity
0.125
Dirty price
98.764

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.33
0.86
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 3.300 years against a modified duration of 3.226.

Against the fitted curve

Priced 0.6 bp rich to the curve on that day, 1.89 cents per 100 of face.

That is -0.65 standard deviations from its own typical residual.

Yield to maturity, 861 observations

3.0%3.5%4.0%4.5%5.0%5.5%May 31, 2023Nov 9, 2026May 31, 2023Yield to maturity3.694%Jun 6, 2023Yield to maturity3.776%Jun 12, 2023Yield to maturity3.822%Jun 16, 2023Yield to maturity3.884%Jun 23, 2023Yield to maturity3.879%Jun 29, 2023Yield to maturity4.010%Jul 6, 2023Yield to maturity4.229%Jul 12, 2023Yield to maturity3.985%Jul 18, 2023Yield to maturity3.917%Jul 24, 2023Yield to maturity4.013%Jul 28, 2023Yield to maturity4.104%Aug 3, 2023Yield to maturity4.277%Aug 9, 2023Yield to maturity4.089%Aug 15, 2023Yield to maturity4.323%Aug 21, 2023Yield to maturity4.434%Aug 25, 2023Yield to maturity4.386%Aug 31, 2023Yield to maturity4.206%Sep 7, 2023Yield to maturity4.360%Sep 13, 2023Yield to maturity4.356%Sep 19, 2023Yield to maturity4.486%Sep 25, 2023Yield to maturity4.628%Sep 29, 2023Yield to maturity4.647%Oct 5, 2023Yield to maturity4.740%Oct 12, 2023Yield to maturity4.748%Oct 18, 2023Yield to maturity4.965%Oct 24, 2023Yield to maturity4.880%Oct 30, 2023Yield to maturity4.900%Nov 3, 2023Yield to maturity4.567%Nov 9, 2023Yield to maturity4.702%Nov 15, 2023Yield to maturity4.570%Nov 21, 2023Yield to maturity4.458%Nov 28, 2023Yield to maturity4.374%Dec 4, 2023Yield to maturity4.307%Dec 8, 2023Yield to maturity4.291%Dec 14, 2023Yield to maturity3.949%Dec 20, 2023Yield to maturity3.899%Dec 27, 2023Yield to maturity3.822%Jan 3, 2024Yield to maturity3.939%Jan 9, 2024Yield to maturity4.018%Jan 16, 2024Yield to maturity4.024%Jan 22, 2024Yield to maturity4.082%Jan 26, 2024Yield to maturity4.122%Feb 1, 2024Yield to maturity3.845%Feb 7, 2024Yield to maturity4.101%Feb 13, 2024Yield to maturity4.339%Feb 20, 2024Yield to maturity4.294%Feb 26, 2024Yield to maturity4.330%Mar 1, 2024Yield to maturity4.209%Mar 7, 2024Yield to maturity4.111%Mar 13, 2024Yield to maturity4.216%Mar 19, 2024Yield to maturity4.329%Mar 25, 2024Yield to maturity4.266%Apr 1, 2024Yield to maturity4.356%Apr 5, 2024Yield to maturity4.406%Apr 11, 2024Yield to maturity4.618%Apr 17, 2024Yield to maturity4.626%Apr 23, 2024Yield to maturity4.634%Apr 29, 2024Yield to maturity4.661%May 3, 2024Yield to maturity4.498%May 9, 2024Yield to maturity4.475%May 15, 2024Yield to maturity4.362%May 21, 2024Yield to maturity4.436%May 28, 2024Yield to maturity4.579%Jun 3, 2024Yield to maturity4.434%Jun 7, 2024Yield to maturity4.460%Jun 13, 2024Yield to maturity4.247%Jun 20, 2024Yield to maturity4.266%Jun 26, 2024Yield to maturity4.341%Jul 2, 2024Yield to maturity4.410%Jul 9, 2024Yield to maturity4.258%Jul 15, 2024Yield to maturity4.161%Jul 19, 2024Yield to maturity4.186%Jul 25, 2024Yield to maturity4.187%Jul 31, 2024Yield to maturity3.992%Aug 6, 2024Yield to maturity3.773%Aug 12, 2024Yield to maturity3.792%Aug 16, 2024Yield to maturity3.798%Aug 22, 2024Yield to maturity3.761%Aug 28, 2024Yield to maturity3.719%Sep 4, 2024Yield to maturity3.621%Sep 10, 2024Yield to maturity3.494%Sep 16, 2024Yield to maturity3.469%Sep 20, 2024Yield to maturity3.547%Sep 26, 2024Yield to maturity3.614%Oct 2, 2024Yield to maturity3.602%Oct 8, 2024Yield to maturity3.905%Oct 15, 2024Yield to maturity3.899%Oct 21, 2024Yield to maturity4.026%Oct 25, 2024Yield to maturity4.109%Oct 31, 2024Yield to maturity4.187%Nov 6, 2024Yield to maturity4.317%Nov 13, 2024Yield to maturity4.339%Nov 19, 2024Yield to maturity4.288%Nov 25, 2024Yield to maturity4.199%Dec 2, 2024Yield to maturity4.116%Dec 6, 2024Yield to maturity4.065%Dec 12, 2024Yield to maturity4.208%Dec 18, 2024Yield to maturity4.414%Dec 24, 2024Yield to maturity4.470%Dec 31, 2024Yield to maturity4.425%Jan 7, 2025Yield to maturity4.501%Jan 13, 2025Yield to maturity4.645%Jan 17, 2025Yield to maturity4.451%Jan 24, 2025Yield to maturity4.466%Jan 30, 2025Yield to maturity4.346%Feb 5, 2025Yield to maturity4.280%Feb 11, 2025Yield to maturity4.403%Feb 18, 2025Yield to maturity4.433%Feb 24, 2025Yield to maturity4.264%Feb 28, 2025Yield to maturity4.070%Mar 6, 2025Yield to maturity4.104%Mar 12, 2025Yield to maturity4.118%Mar 18, 2025Yield to maturity4.106%Mar 24, 2025Yield to maturity4.127%Mar 28, 2025Yield to maturity4.013%Apr 3, 2025Yield to maturity3.769%Apr 9, 2025Yield to maturity4.082%Apr 15, 2025Yield to maturity4.015%Apr 22, 2025Yield to maturity4.016%Apr 28, 2025Yield to maturity3.838%May 2, 2025Yield to maturity3.942%May 8, 2025Yield to maturity4.018%May 14, 2025Yield to maturity4.187%May 20, 2025Yield to maturity4.090%May 27, 2025Yield to maturity4.049%Jun 2, 2025Yield to maturity4.036%Jun 6, 2025Yield to maturity4.150%Jun 12, 2025Yield to maturity3.988%Jun 18, 2025Yield to maturity3.996%Jun 25, 2025Yield to maturity3.855%Jul 1, 2025Yield to maturity3.848%Jul 8, 2025Yield to maturity3.990%Jul 14, 2025Yield to maturity3.991%Jul 18, 2025Yield to maturity3.970%Jul 24, 2025Yield to maturity3.985%Jul 30, 2025Yield to maturity3.971%Aug 5, 2025Yield to maturity3.771%Aug 11, 2025Yield to maturity3.828%Aug 15, 2025Yield to maturity3.843%Aug 21, 2025Yield to maturity3.857%Aug 27, 2025Yield to maturity3.706%Sep 3, 2025Yield to maturity3.684%Sep 9, 2025Yield to maturity3.597%Sep 15, 2025Yield to maturity3.603%Sep 19, 2025Yield to maturity3.683%Sep 25, 2025Yield to maturity3.764%Oct 1, 2025Yield to maturity3.676%Oct 7, 2025Yield to maturity3.697%Oct 14, 2025Yield to maturity3.587%Oct 20, 2025Yield to maturity3.571%Oct 24, 2025Yield to maturity3.593%Oct 30, 2025Yield to maturity3.712%Nov 5, 2025Yield to maturity3.750%Nov 12, 2025Yield to maturity3.659%Nov 18, 2025Yield to maturity3.682%Nov 24, 2025Yield to maturity3.591%Dec 1, 2025Yield to maturity3.651%Dec 5, 2025Yield to maturity3.689%Dec 11, 2025Yield to maturity3.689%Dec 17, 2025Yield to maturity3.665%Dec 23, 2025Yield to maturity3.703%Dec 30, 2025Yield to maturity3.641%Jan 6, 2026Yield to maturity3.672%Jan 12, 2026Yield to maturity3.726%Jan 16, 2026Yield to maturity3.780%Jan 23, 2026Yield to maturity3.796%Jan 29, 2026Yield to maturity3.757%Feb 4, 2026Yield to maturity3.789%Feb 10, 2026Yield to maturity3.654%Feb 17, 2026Yield to maturity3.582%Feb 23, 2026Yield to maturity3.542%Feb 27, 2026Yield to maturity3.486%Mar 5, 2026Yield to maturity3.685%Mar 11, 2026Yield to maturity3.749%Mar 17, 2026Yield to maturity3.757%Mar 23, 2026Yield to maturity3.937%Mar 27, 2026Yield to maturity4.028%Apr 2, 2026Yield to maturity3.905%Apr 8, 2026Yield to maturity3.889%Apr 14, 2026Yield to maturity3.832%Apr 20, 2026Yield to maturity3.815%Apr 24, 2026Yield to maturity3.874%Apr 30, 2026Yield to maturity3.984%May 6, 2026Yield to maturity3.959%May 12, 2026Yield to maturity4.088%May 18, 2026Yield to maturity4.226%May 22, 2026Yield to maturity4.237%May 29, 2026Yield to maturity4.109%Jun 4, 2026Yield to maturity4.153%Jun 10, 2026Yield to maturity4.242%Jun 16, 2026Yield to maturity4.130%Jun 23, 2026Yield to maturity4.255%Jun 29, 2026Yield to maturity4.133%Jul 6, 2026Yield to maturity4.179%Jul 10, 2026Yield to maturity4.278%Jul 16, 2026Yield to maturity4.244%Jul 22, 2026Yield to maturity4.381%Jul 28, 2026Yield to maturity4.338%Aug 3, 2026Yield to maturity4.367%Aug 7, 2026Yield to maturity4.306%Aug 13, 2026Yield to maturity4.271%Aug 19, 2026Yield to maturity4.301%Aug 25, 2026Yield to maturity4.303%Aug 31, 2026Yield to maturity4.453%Sep 4, 2026Yield to maturity4.503%Sep 11, 2026Yield to maturity4.751%Sep 17, 2026Yield to maturity4.773%Sep 23, 2026Yield to maturity4.998%Sep 29, 2026Yield to maturity5.032%Oct 5, 2026Yield to maturity5.018%Oct 9, 2026Yield to maturity4.976%Oct 16, 2026Yield to maturity4.864%Oct 22, 2026Yield to maturity4.760%Oct 28, 2026Yield to maturity4.843%Nov 3, 2026Yield to maturity4.720%Nov 9, 2026Yield to maturity4.646%

Price history

861 trading days to Nov 9, 2026

92949698100102May 31, 2023Nov 9, 2026May 31, 2023Close100.344Jun 6, 2023Close99.844Jun 12, 2023Close99.563Jun 16, 2023Close99.188Jun 23, 2023Close99.219Jun 29, 2023Close98.438Jul 6, 2023Close97.156Jul 12, 2023Close98.594Jul 18, 2023Close99.000Jul 24, 2023Close98.438Jul 28, 2023Close97.906Aug 3, 2023Close96.906Aug 9, 2023Close98.000Aug 15, 2023Close96.656Aug 21, 2023Close96.031Aug 25, 2023Close96.313Aug 31, 2023Close97.344Sep 7, 2023Close96.469Sep 13, 2023Close96.500Sep 19, 2023Close95.781Sep 25, 2023Close95.000Sep 29, 2023Close94.906Oct 5, 2023Close94.406Oct 12, 2023Close94.375Oct 18, 2023Close93.219Oct 24, 2023Close93.688Oct 30, 2023Close93.594Nov 3, 2023Close95.406Nov 9, 2023Close94.688Nov 15, 2023Close95.406Nov 21, 2023Close96.031Nov 28, 2023Close96.500Dec 4, 2023Close96.875Dec 8, 2023Close96.969Dec 14, 2023Close98.875Dec 20, 2023Close99.156Dec 27, 2023Close99.594Jan 3, 2024Close98.938Jan 9, 2024Close98.500Jan 16, 2024Close98.469Jan 22, 2024Close98.156Jan 26, 2024Close97.938Feb 1, 2024Close99.469Feb 7, 2024Close98.063Feb 13, 2024Close96.781Feb 20, 2024Close97.031Feb 26, 2024Close96.844Mar 1, 2024Close97.500Mar 7, 2024Close98.031Mar 13, 2024Close97.469Mar 19, 2024Close96.875Mar 25, 2024Close97.219Apr 1, 2024Close96.750Apr 5, 2024Close96.500Apr 11, 2024Close95.406Apr 17, 2024Close95.375Apr 23, 2024Close95.344Apr 29, 2024Close95.219May 3, 2024Close96.063May 9, 2024Close96.188May 15, 2024Close96.781May 21, 2024Close96.406May 28, 2024Close95.688Jun 3, 2024Close96.438Jun 7, 2024Close96.313Jun 13, 2024Close97.406Jun 20, 2024Close97.313Jun 26, 2024Close96.938Jul 2, 2024Close96.594Jul 9, 2024Close97.375Jul 15, 2024Close97.875Jul 19, 2024Close97.750Jul 25, 2024Close97.750Jul 31, 2024Close98.750Aug 6, 2024Close99.875Aug 12, 2024Close99.781Aug 16, 2024Close99.750Aug 22, 2024Close99.938Aug 28, 2024Close100.156Sep 4, 2024Close100.656Sep 10, 2024Close101.313Sep 16, 2024Close101.438Sep 20, 2024Close101.031Sep 26, 2024Close100.688Oct 2, 2024Close100.750Oct 8, 2024Close99.219Oct 15, 2024Close99.250Oct 21, 2024Close98.625Oct 25, 2024Close98.219Oct 31, 2024Close97.844Nov 6, 2024Close97.219Nov 13, 2024Close97.125Nov 19, 2024Close97.375Nov 25, 2024Close97.813Dec 2, 2024Close98.219Dec 6, 2024Close98.469Dec 12, 2024Close97.781Dec 18, 2024Close96.813Dec 24, 2024Close96.563Dec 31, 2024Close96.781Jan 7, 2025Close96.438Jan 13, 2025Close95.781Jan 17, 2025Close96.688Jan 24, 2025Close96.625Jan 30, 2025Close97.188Feb 5, 2025Close97.500Feb 11, 2025Close96.938Feb 18, 2025Close96.813Feb 24, 2025Close97.594Feb 28, 2025Close98.500Mar 6, 2025Close98.344Mar 12, 2025Close98.281Mar 18, 2025Close98.344Mar 24, 2025Close98.250Mar 28, 2025Close98.781Apr 3, 2025Close99.906Apr 9, 2025Close98.469Apr 15, 2025Close98.781Apr 22, 2025Close98.781Apr 28, 2025Close99.594May 2, 2025Close99.125May 8, 2025Close98.781May 14, 2025Close98.031May 20, 2025Close98.469May 27, 2025Close98.656Jun 2, 2025Close98.719Jun 6, 2025Close98.219Jun 12, 2025Close98.938Jun 18, 2025Close98.906Jun 25, 2025Close99.531Jul 1, 2025Close99.563Jul 8, 2025Close98.938Jul 14, 2025Close98.938Jul 18, 2025Close99.031Jul 24, 2025Close98.969Jul 30, 2025Close99.031Aug 5, 2025Close99.906Aug 11, 2025Close99.656Aug 15, 2025Close99.594Aug 21, 2025Close99.531Aug 27, 2025Close100.188Sep 3, 2025Close100.281Sep 9, 2025Close100.656Sep 15, 2025Close100.625Sep 19, 2025Close100.281Sep 25, 2025Close99.938Oct 1, 2025Close100.313Oct 7, 2025Close100.219Oct 14, 2025Close100.688Oct 20, 2025Close100.750Oct 24, 2025Close100.656Oct 30, 2025Close100.156Nov 5, 2025Close100.000Nov 12, 2025Close100.375Nov 18, 2025Close100.281Nov 24, 2025Close100.656Dec 1, 2025Close100.406Dec 5, 2025Close100.250Dec 11, 2025Close100.250Dec 17, 2025Close100.344Dec 23, 2025Close100.188Dec 30, 2025Close100.438Jan 6, 2026Close100.313Jan 12, 2026Close100.094Jan 16, 2026Close99.875Jan 23, 2026Close99.813Jan 29, 2026Close99.969Feb 4, 2026Close99.844Feb 10, 2026Close100.375Feb 17, 2026Close100.656Feb 23, 2026Close100.813Feb 27, 2026Close101.031Mar 5, 2026Close100.250Mar 11, 2026Close100.000Mar 17, 2026Close99.969Mar 23, 2026Close99.281Mar 27, 2026Close98.938Apr 2, 2026Close99.406Apr 8, 2026Close99.469Apr 14, 2026Close99.688Apr 20, 2026Close99.750Apr 24, 2026Close99.531Apr 30, 2026Close99.125May 6, 2026Close99.219May 12, 2026Close98.750May 18, 2026Close98.250May 22, 2026Close98.219May 29, 2026Close98.688Jun 4, 2026Close98.531Jun 10, 2026Close98.219Jun 16, 2026Close98.625Jun 23, 2026Close98.188Jun 29, 2026Close98.625Jul 6, 2026Close98.469Jul 10, 2026Close98.125Jul 16, 2026Close98.250Jul 22, 2026Close97.781Jul 28, 2026Close97.938Aug 3, 2026Close97.844Aug 7, 2026Close98.063Aug 13, 2026Close98.188Aug 19, 2026Close98.094Aug 25, 2026Close98.094Aug 31, 2026Close97.594Sep 4, 2026Close97.438Sep 11, 2026Close96.625Sep 17, 2026Close96.563Sep 23, 2026Close95.844Sep 29, 2026Close95.750Oct 5, 2026Close95.813Oct 9, 2026Close95.969Oct 16, 2026Close96.344Oct 22, 2026Close96.688Oct 28, 2026Close96.438Nov 3, 2026Close96.844Nov 9, 2026Close97.094
The most recent 20 trading days of prices for 91282CHF1.
DateBidOfferClose
Nov 9, 202697.09497.10997.094
Nov 6, 202697.15697.18897.188
Nov 5, 202697.18897.21997.344
Nov 4, 202696.93896.96997.031
Nov 3, 202696.87596.90696.844
Nov 2, 202697.00097.01696.938
Oct 30, 202696.81396.84496.938
Oct 29, 202696.68896.71996.688
Oct 28, 202696.34496.37596.438
Oct 27, 202696.50096.53196.469
Oct 26, 202696.53196.54796.500
Oct 23, 202696.56396.59496.594
Oct 22, 202696.53196.54796.688
Oct 21, 202696.21996.23496.156
Oct 20, 202696.25096.26696.188
Oct 19, 202696.21996.25096.219
Oct 16, 202696.37596.39196.344
Oct 15, 202696.25096.26696.250
Oct 14, 202695.81395.82896.000
Oct 13, 202695.96995.98496.000

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 91282CHF1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 25, 2023May 31, 2023New issue$35.0bn$41.6bn2.61x3.827%

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.