Treasury note

91282CHR5 · 4% due July 31, 2030

Original term
7-Year
Maturity
Jul 31, 2030
Coupon
4.000%
Pays
Semi-Annual
Dated
Jul 31, 2023
First coupon
Jan 31, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$33.76bn
Held stripped
$6.6m
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
4.645%
Modified duration
3.377 yr
DV01
0.0334
Convexity
0.136
Dirty price
98.921

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.16
1.17
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 3.453 years against a modified duration of 3.377.

Against the fitted curve

Priced 0.9 bp rich to the curve on that day, 3.12 cents per 100 of face.

That is -1.20 standard deviations from its own typical residual.

Yield to maturity, 820 observations

3.0%3.5%4.0%4.5%5.0%5.5%Jul 31, 2023Nov 9, 2026Jul 31, 2023Yield to maturity4.083%Aug 4, 2023Yield to maturity4.099%Aug 10, 2023Yield to maturity4.167%Aug 16, 2023Yield to maturity4.368%Aug 22, 2023Yield to maturity4.438%Aug 28, 2023Yield to maturity4.321%Sep 1, 2023Yield to maturity4.268%Sep 8, 2023Yield to maturity4.355%Sep 14, 2023Yield to maturity4.382%Sep 20, 2023Yield to maturity4.464%Sep 26, 2023Yield to maturity4.623%Oct 2, 2023Yield to maturity4.741%Oct 6, 2023Yield to maturity4.804%Oct 13, 2023Yield to maturity4.672%Oct 19, 2023Yield to maturity5.015%Oct 25, 2023Yield to maturity4.983%Oct 31, 2023Yield to maturity4.906%Nov 6, 2023Yield to maturity4.671%Nov 10, 2023Yield to maturity4.689%Nov 16, 2023Yield to maturity4.484%Nov 22, 2023Yield to maturity4.474%Nov 29, 2023Yield to maturity4.298%Dec 5, 2023Yield to maturity4.206%Dec 11, 2023Yield to maturity4.289%Dec 15, 2023Yield to maturity3.951%Dec 21, 2023Yield to maturity3.918%Dec 28, 2023Yield to maturity3.869%Jan 4, 2024Yield to maturity4.010%Jan 10, 2024Yield to maturity4.032%Jan 17, 2024Yield to maturity4.082%Jan 23, 2024Yield to maturity4.105%Jan 29, 2024Yield to maturity4.033%Feb 2, 2024Yield to maturity4.028%Feb 8, 2024Yield to maturity4.167%Feb 14, 2024Yield to maturity4.285%Feb 21, 2024Yield to maturity4.342%Feb 27, 2024Yield to maturity4.348%Mar 4, 2024Yield to maturity4.247%Mar 8, 2024Yield to maturity4.095%Mar 14, 2024Yield to maturity4.322%Mar 20, 2024Yield to maturity4.282%Mar 26, 2024Yield to maturity4.249%Apr 2, 2024Yield to maturity4.382%Apr 8, 2024Yield to maturity4.446%Apr 12, 2024Yield to maturity4.541%Apr 18, 2024Yield to maturity4.683%Apr 24, 2024Yield to maturity4.673%Apr 30, 2024Yield to maturity4.728%May 6, 2024Yield to maturity4.498%May 10, 2024Yield to maturity4.517%May 16, 2024Yield to maturity4.400%May 22, 2024Yield to maturity4.460%May 29, 2024Yield to maturity4.646%Jun 4, 2024Yield to maturity4.350%Jun 10, 2024Yield to maturity4.481%Jun 14, 2024Yield to maturity4.227%Jun 21, 2024Yield to maturity4.269%Jun 27, 2024Yield to maturity4.306%Jul 3, 2024Yield to maturity4.336%Jul 10, 2024Yield to maturity4.254%Jul 16, 2024Yield to maturity4.112%Jul 22, 2024Yield to maturity4.201%Jul 26, 2024Yield to maturity4.113%Aug 1, 2024Yield to maturity3.882%Aug 7, 2024Yield to maturity3.841%Aug 13, 2024Yield to maturity3.723%Aug 19, 2024Yield to maturity3.787%Aug 23, 2024Yield to maturity3.698%Aug 29, 2024Yield to maturity3.750%Sep 5, 2024Yield to maturity3.608%Sep 11, 2024Yield to maturity3.508%Sep 17, 2024Yield to maturity3.501%Sep 23, 2024Yield to maturity3.582%Sep 27, 2024Yield to maturity3.569%Oct 3, 2024Yield to maturity3.681%Oct 9, 2024Yield to maturity3.944%Oct 16, 2024Yield to maturity3.890%Oct 22, 2024Yield to maturity4.054%Oct 28, 2024Yield to maturity4.153%Nov 1, 2024Yield to maturity4.259%Nov 7, 2024Yield to maturity4.216%Nov 14, 2024Yield to maturity4.355%Nov 20, 2024Yield to maturity4.311%Nov 26, 2024Yield to maturity4.230%Dec 3, 2024Yield to maturity4.149%Dec 9, 2024Yield to maturity4.106%Dec 13, 2024Yield to maturity4.290%Dec 19, 2024Yield to maturity4.463%Dec 26, 2024Yield to maturity4.458%Jan 2, 2025Yield to maturity4.414%Jan 8, 2025Yield to maturity4.493%Jan 14, 2025Yield to maturity4.632%Jan 21, 2025Yield to maturity4.431%Jan 27, 2025Yield to maturity4.367%Jan 31, 2025Yield to maturity4.407%Feb 6, 2025Yield to maturity4.310%Feb 12, 2025Yield to maturity4.515%Feb 19, 2025Yield to maturity4.404%Feb 25, 2025Yield to maturity4.162%Mar 3, 2025Yield to maturity4.006%Mar 7, 2025Yield to maturity4.130%Mar 13, 2025Yield to maturity4.071%Mar 19, 2025Yield to maturity4.071%Mar 25, 2025Yield to maturity4.104%Mar 31, 2025Yield to maturity3.993%Apr 4, 2025Yield to maturity3.751%Apr 10, 2025Yield to maturity4.078%Apr 16, 2025Yield to maturity3.940%Apr 23, 2025Yield to maturity4.052%Apr 29, 2025Yield to maturity3.807%May 5, 2025Yield to maturity3.979%May 9, 2025Yield to maturity4.026%May 15, 2025Yield to maturity4.100%May 21, 2025Yield to maturity4.181%May 28, 2025Yield to maturity4.094%Jun 3, 2025Yield to maturity4.067%Jun 9, 2025Yield to maturity4.122%Jun 13, 2025Yield to maturity4.040%Jun 20, 2025Yield to maturity3.986%Jun 26, 2025Yield to maturity3.816%Jul 2, 2025Yield to maturity3.890%Jul 9, 2025Yield to maturity3.931%Jul 15, 2025Yield to maturity4.062%Jul 21, 2025Yield to maturity3.924%Jul 25, 2025Yield to maturity3.965%Jul 31, 2025Yield to maturity3.972%Aug 6, 2025Yield to maturity3.778%Aug 12, 2025Yield to maturity3.839%Aug 18, 2025Yield to maturity3.867%Aug 22, 2025Yield to maturity3.768%Aug 28, 2025Yield to maturity3.712%Sep 4, 2025Yield to maturity3.655%Sep 10, 2025Yield to maturity3.598%Sep 16, 2025Yield to maturity3.597%Sep 22, 2025Yield to maturity3.708%Sep 26, 2025Yield to maturity3.778%Oct 2, 2025Yield to maturity3.678%Oct 8, 2025Yield to maturity3.727%Oct 15, 2025Yield to maturity3.626%Oct 21, 2025Yield to maturity3.561%Oct 27, 2025Yield to maturity3.617%Oct 31, 2025Yield to maturity3.709%Nov 6, 2025Yield to maturity3.687%Nov 13, 2025Yield to maturity3.700%Nov 19, 2025Yield to maturity3.699%Nov 25, 2025Yield to maturity3.560%Dec 2, 2025Yield to maturity3.646%Dec 8, 2025Yield to maturity3.740%Dec 12, 2025Yield to maturity3.732%Dec 18, 2025Yield to maturity3.643%Dec 24, 2025Yield to maturity3.701%Dec 31, 2025Yield to maturity3.693%Jan 7, 2026Yield to maturity3.662%Jan 13, 2026Yield to maturity3.713%Jan 20, 2026Yield to maturity3.825%Jan 26, 2026Yield to maturity3.779%Jan 30, 2026Yield to maturity3.756%Feb 5, 2026Yield to maturity3.702%Feb 11, 2026Yield to maturity3.709%Feb 18, 2026Yield to maturity3.624%Feb 24, 2026Yield to maturity3.569%Mar 2, 2026Yield to maturity3.590%Mar 6, 2026Yield to maturity3.696%Mar 12, 2026Yield to maturity3.859%Mar 18, 2026Yield to maturity3.842%Mar 24, 2026Yield to maturity4.015%Mar 30, 2026Yield to maturity3.944%Apr 3, 2026Yield to maturity3.967%Apr 9, 2026Yield to maturity3.888%Apr 15, 2026Yield to maturity3.863%Apr 21, 2026Yield to maturity3.879%Apr 27, 2026Yield to maturity3.918%May 1, 2026Yield to maturity3.991%May 7, 2026Yield to maturity4.023%May 13, 2026Yield to maturity4.096%May 19, 2026Yield to maturity4.294%May 26, 2026Yield to maturity4.171%Jun 1, 2026Yield to maturity4.164%Jun 5, 2026Yield to maturity4.273%Jun 11, 2026Yield to maturity4.157%Jun 17, 2026Yield to maturity4.258%Jun 24, 2026Yield to maturity4.175%Jun 30, 2026Yield to maturity4.184%Jul 7, 2026Yield to maturity4.253%Jul 13, 2026Yield to maturity4.348%Jul 17, 2026Yield to maturity4.255%Jul 23, 2026Yield to maturity4.437%Jul 29, 2026Yield to maturity4.344%Aug 4, 2026Yield to maturity4.301%Aug 10, 2026Yield to maturity4.372%Aug 14, 2026Yield to maturity4.321%Aug 20, 2026Yield to maturity4.339%Aug 26, 2026Yield to maturity4.349%Sep 1, 2026Yield to maturity4.519%Sep 8, 2026Yield to maturity4.530%Sep 14, 2026Yield to maturity4.776%Sep 18, 2026Yield to maturity4.870%Sep 24, 2026Yield to maturity5.028%Sep 30, 2026Yield to maturity5.051%Oct 6, 2026Yield to maturity4.990%Oct 13, 2026Yield to maturity4.976%Oct 19, 2026Yield to maturity4.914%Oct 23, 2026Yield to maturity4.796%Oct 29, 2026Yield to maturity4.771%Nov 4, 2026Yield to maturity4.671%Nov 9, 2026Yield to maturity4.645%

Price history

820 trading days to Nov 9, 2026

949698100102104Jul 31, 2023Nov 9, 2026Jul 31, 2023Close99.500Aug 4, 2023Close99.406Aug 10, 2023Close99.000Aug 16, 2023Close97.813Aug 22, 2023Close97.406Aug 28, 2023Close98.094Sep 1, 2023Close98.406Sep 8, 2023Close97.906Sep 14, 2023Close97.750Sep 20, 2023Close97.281Sep 26, 2023Close96.375Oct 2, 2023Close95.719Oct 6, 2023Close95.375Oct 13, 2023Close96.125Oct 19, 2023Close94.219Oct 25, 2023Close94.406Oct 31, 2023Close94.844Nov 6, 2023Close96.156Nov 10, 2023Close96.063Nov 16, 2023Close97.219Nov 22, 2023Close97.281Nov 29, 2023Close98.281Dec 5, 2023Close98.813Dec 11, 2023Close98.344Dec 15, 2023Close100.281Dec 21, 2023Close100.469Dec 28, 2023Close100.750Jan 4, 2024Close99.938Jan 10, 2024Close99.813Jan 17, 2024Close99.531Jan 23, 2024Close99.406Jan 29, 2024Close99.813Feb 2, 2024Close99.844Feb 8, 2024Close99.063Feb 14, 2024Close98.406Feb 21, 2024Close98.094Feb 27, 2024Close98.063Mar 4, 2024Close98.625Mar 8, 2024Close99.469Mar 14, 2024Close98.219Mar 20, 2024Close98.438Mar 26, 2024Close98.625Apr 2, 2024Close97.906Apr 8, 2024Close97.563Apr 12, 2024Close97.063Apr 18, 2024Close96.313Apr 24, 2024Close96.375Apr 30, 2024Close96.094May 6, 2024Close97.313May 10, 2024Close97.219May 16, 2024Close97.844May 22, 2024Close97.531May 29, 2024Close96.563Jun 4, 2024Close98.125Jun 10, 2024Close97.438Jun 14, 2024Close98.781Jun 21, 2024Close98.563Jun 27, 2024Close98.375Jul 3, 2024Close98.219Jul 10, 2024Close98.656Jul 16, 2024Close99.406Jul 22, 2024Close98.938Jul 26, 2024Close99.406Aug 1, 2024Close100.625Aug 7, 2024Close100.844Aug 13, 2024Close101.469Aug 19, 2024Close101.125Aug 23, 2024Close101.594Aug 29, 2024Close101.313Sep 5, 2024Close102.063Sep 11, 2024Close102.594Sep 17, 2024Close102.625Sep 23, 2024Close102.188Sep 27, 2024Close102.250Oct 3, 2024Close101.656Oct 9, 2024Close100.281Oct 16, 2024Close100.563Oct 22, 2024Close99.719Oct 28, 2024Close99.219Nov 1, 2024Close98.688Nov 7, 2024Close98.906Nov 14, 2024Close98.219Nov 20, 2024Close98.438Nov 26, 2024Close98.844Dec 3, 2024Close99.250Dec 9, 2024Close99.469Dec 13, 2024Close98.563Dec 19, 2024Close97.719Dec 26, 2024Close97.750Jan 2, 2025Close97.969Jan 8, 2025Close97.594Jan 14, 2025Close96.938Jan 21, 2025Close97.906Jan 27, 2025Close98.219Jan 31, 2025Close98.031Feb 6, 2025Close98.500Feb 12, 2025Close97.531Feb 19, 2025Close98.063Feb 25, 2025Close99.219Mar 3, 2025Close99.969Mar 7, 2025Close99.375Mar 13, 2025Close99.656Mar 19, 2025Close99.656Mar 25, 2025Close99.500Mar 31, 2025Close100.031Apr 4, 2025Close101.188Apr 10, 2025Close99.625Apr 16, 2025Close100.281Apr 23, 2025Close99.750Apr 29, 2025Close100.906May 5, 2025Close100.094May 9, 2025Close99.875May 15, 2025Close99.531May 21, 2025Close99.156May 28, 2025Close99.563Jun 3, 2025Close99.688Jun 9, 2025Close99.438Jun 13, 2025Close99.813Jun 20, 2025Close100.063Jun 26, 2025Close100.844Jul 2, 2025Close100.500Jul 9, 2025Close100.313Jul 15, 2025Close99.719Jul 21, 2025Close100.344Jul 25, 2025Close100.156Jul 31, 2025Close100.125Aug 6, 2025Close101.000Aug 12, 2025Close100.719Aug 18, 2025Close100.594Aug 22, 2025Close101.031Aug 28, 2025Close101.281Sep 4, 2025Close101.531Sep 10, 2025Close101.781Sep 16, 2025Close101.781Sep 22, 2025Close101.281Sep 26, 2025Close100.969Oct 2, 2025Close101.406Oct 8, 2025Close101.188Oct 15, 2025Close101.625Oct 21, 2025Close101.906Oct 27, 2025Close101.656Oct 31, 2025Close101.250Nov 6, 2025Close101.344Nov 13, 2025Close101.281Nov 19, 2025Close101.281Nov 25, 2025Close101.875Dec 2, 2025Close101.500Dec 8, 2025Close101.094Dec 12, 2025Close101.125Dec 18, 2025Close101.500Dec 24, 2025Close101.250Dec 31, 2025Close101.281Jan 7, 2026Close101.406Jan 13, 2026Close101.188Jan 20, 2026Close100.719Jan 26, 2026Close100.906Jan 30, 2026Close101.000Feb 5, 2026Close101.219Feb 11, 2026Close101.188Feb 18, 2026Close101.531Feb 24, 2026Close101.750Mar 2, 2026Close101.656Mar 6, 2026Close101.219Mar 12, 2026Close100.563Mar 18, 2026Close100.625Mar 24, 2026Close99.938Mar 30, 2026Close100.219Apr 3, 2026Close100.125Apr 9, 2026Close100.438Apr 15, 2026Close100.531Apr 21, 2026Close100.469Apr 27, 2026Close100.313May 1, 2026Close100.031May 7, 2026Close99.906May 13, 2026Close99.625May 19, 2026Close98.875May 26, 2026Close99.344Jun 1, 2026Close99.375Jun 5, 2026Close98.969Jun 11, 2026Close99.406Jun 17, 2026Close99.031Jun 24, 2026Close99.344Jun 30, 2026Close99.313Jul 7, 2026Close99.063Jul 13, 2026Close98.719Jul 17, 2026Close99.063Jul 23, 2026Close98.406Jul 29, 2026Close98.750Aug 4, 2026Close98.906Aug 10, 2026Close98.656Aug 14, 2026Close98.844Aug 20, 2026Close98.781Aug 26, 2026Close98.750Sep 1, 2026Close98.156Sep 8, 2026Close98.125Sep 14, 2026Close97.281Sep 18, 2026Close96.969Sep 24, 2026Close96.438Sep 30, 2026Close96.375Oct 6, 2026Close96.594Oct 13, 2026Close96.656Oct 19, 2026Close96.875Oct 23, 2026Close97.281Oct 29, 2026Close97.375Nov 4, 2026Close97.719Nov 9, 2026Close97.813
The most recent 20 trading days of prices for 91282CHR5.
DateBidOfferClose
Nov 9, 202697.78197.81397.813
Nov 6, 202697.87597.89197.875
Nov 5, 202697.90697.93898.063
Nov 4, 202697.65697.67297.719
Nov 3, 202697.59497.60997.563
Nov 2, 202697.71997.73497.656
Oct 30, 202697.53197.56397.625
Oct 29, 202697.37597.40697.375
Oct 28, 202697.03197.06397.125
Oct 27, 202697.18897.21997.156
Oct 26, 202697.21997.23497.188
Oct 23, 202697.25097.28197.281
Oct 22, 202697.18897.21997.375
Oct 21, 202696.87596.89196.813
Oct 20, 202696.90696.93896.844
Oct 19, 202696.87596.90696.875
Oct 16, 202697.03197.04797.031
Oct 15, 202696.90696.92296.906
Oct 14, 202696.43896.46996.656
Oct 13, 202696.62596.64196.656

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 91282CHR5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 27, 2023Jul 31, 2023New issue$35.0bn$35.0bn2.48x4.087%

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.