Treasury note

91282CHT1 · 3.875% due August 15, 2033

Original term
10-Year
Maturity
Aug 15, 2033
Coupon
3.875%
Pays
Semi-Annual
Dated
Aug 15, 2023
First coupon
Feb 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$121.58bn
Held stripped
$28.6m
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
4.764%
Modified duration
5.796 yr
DV01
0.0555
Convexity
0.394
Dirty price
95.822

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
0.17
0.93
4.71
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 7 of twelve buckets, summing to 5.932 years against a modified duration of 5.796.

Against the fitted curve

Priced 3.5 bp cheap to the curve on that day, 19.22 cents per 100 of face.

That is 0.95 standard deviations from its own typical residual.

Yield to maturity, 809 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Aug 15, 2023Nov 9, 2026Aug 15, 2023Yield to maturity4.211%Aug 21, 2023Yield to maturity4.334%Aug 25, 2023Yield to maturity4.243%Aug 31, 2023Yield to maturity4.091%Sep 7, 2023Yield to maturity4.264%Sep 13, 2023Yield to maturity4.248%Sep 19, 2023Yield to maturity4.365%Sep 25, 2023Yield to maturity4.544%Sep 29, 2023Yield to maturity4.585%Oct 5, 2023Yield to maturity4.714%Oct 12, 2023Yield to maturity4.699%Oct 18, 2023Yield to maturity4.902%Oct 24, 2023Yield to maturity4.831%Oct 30, 2023Yield to maturity4.875%Nov 3, 2023Yield to maturity4.562%Nov 9, 2023Yield to maturity4.650%Nov 15, 2023Yield to maturity4.543%Nov 21, 2023Yield to maturity4.429%Nov 28, 2023Yield to maturity4.360%Dec 4, 2023Yield to maturity4.300%Dec 8, 2023Yield to maturity4.244%Dec 14, 2023Yield to maturity3.925%Dec 20, 2023Yield to maturity3.867%Dec 27, 2023Yield to maturity3.796%Jan 3, 2024Yield to maturity3.910%Jan 9, 2024Yield to maturity4.017%Jan 16, 2024Yield to maturity4.069%Jan 22, 2024Yield to maturity4.102%Jan 26, 2024Yield to maturity4.147%Feb 1, 2024Yield to maturity3.859%Feb 7, 2024Yield to maturity4.103%Feb 13, 2024Yield to maturity4.328%Feb 20, 2024Yield to maturity4.292%Feb 26, 2024Yield to maturity4.300%Mar 1, 2024Yield to maturity4.202%Mar 7, 2024Yield to maturity4.104%Mar 13, 2024Yield to maturity4.207%Mar 19, 2024Yield to maturity4.311%Mar 25, 2024Yield to maturity4.261%Apr 1, 2024Yield to maturity4.337%Apr 5, 2024Yield to maturity4.401%Apr 11, 2024Yield to maturity4.575%Apr 17, 2024Yield to maturity4.602%Apr 23, 2024Yield to maturity4.612%Apr 29, 2024Yield to maturity4.639%May 3, 2024Yield to maturity4.506%May 9, 2024Yield to maturity4.469%May 15, 2024Yield to maturity4.372%May 21, 2024Yield to maturity4.428%May 28, 2024Yield to maturity4.553%Jun 3, 2024Yield to maturity4.421%Jun 7, 2024Yield to maturity4.443%Jun 13, 2024Yield to maturity4.252%Jun 20, 2024Yield to maturity4.261%Jun 26, 2024Yield to maturity4.334%Jul 2, 2024Yield to maturity4.438%Jul 9, 2024Yield to maturity4.302%Jul 15, 2024Yield to maturity4.230%Jul 19, 2024Yield to maturity4.243%Jul 25, 2024Yield to maturity4.261%Jul 31, 2024Yield to maturity4.075%Aug 6, 2024Yield to maturity3.887%Aug 12, 2024Yield to maturity3.908%Aug 16, 2024Yield to maturity3.892%Aug 22, 2024Yield to maturity3.854%Aug 28, 2024Yield to maturity3.829%Sep 4, 2024Yield to maturity3.746%Sep 10, 2024Yield to maturity3.623%Sep 16, 2024Yield to maturity3.598%Sep 20, 2024Yield to maturity3.692%Sep 26, 2024Yield to maturity3.762%Oct 2, 2024Yield to maturity3.758%Oct 8, 2024Yield to maturity4.018%Oct 15, 2024Yield to maturity4.010%Oct 21, 2024Yield to maturity4.152%Oct 25, 2024Yield to maturity4.222%Oct 31, 2024Yield to maturity4.266%Nov 6, 2024Yield to maturity4.430%Nov 13, 2024Yield to maturity4.444%Nov 19, 2024Yield to maturity4.378%Nov 25, 2024Yield to maturity4.259%Dec 2, 2024Yield to maturity4.181%Dec 6, 2024Yield to maturity4.142%Dec 12, 2024Yield to maturity4.306%Dec 18, 2024Yield to maturity4.490%Dec 24, 2024Yield to maturity4.582%Dec 31, 2024Yield to maturity4.551%Jan 7, 2025Yield to maturity4.649%Jan 13, 2025Yield to maturity4.775%Jan 17, 2025Yield to maturity4.582%Jan 24, 2025Yield to maturity4.593%Jan 30, 2025Yield to maturity4.479%Feb 5, 2025Yield to maturity4.389%Feb 11, 2025Yield to maturity4.509%Feb 18, 2025Yield to maturity4.528%Feb 24, 2025Yield to maturity4.369%Feb 28, 2025Yield to maturity4.198%Mar 6, 2025Yield to maturity4.248%Mar 12, 2025Yield to maturity4.271%Mar 18, 2025Yield to maturity4.235%Mar 24, 2025Yield to maturity4.281%Mar 28, 2025Yield to maturity4.205%Apr 3, 2025Yield to maturity3.981%Apr 9, 2025Yield to maturity4.288%Apr 15, 2025Yield to maturity4.261%Apr 22, 2025Yield to maturity4.312%Apr 28, 2025Yield to maturity4.130%May 2, 2025Yield to maturity4.222%May 8, 2025Yield to maturity4.286%May 14, 2025Yield to maturity4.445%May 20, 2025Yield to maturity4.376%May 27, 2025Yield to maturity4.326%Jun 2, 2025Yield to maturity4.336%Jun 6, 2025Yield to maturity4.407%Jun 12, 2025Yield to maturity4.244%Jun 18, 2025Yield to maturity4.263%Jun 25, 2025Yield to maturity4.153%Jul 1, 2025Yield to maturity4.121%Jul 8, 2025Yield to maturity4.284%Jul 14, 2025Yield to maturity4.285%Jul 18, 2025Yield to maturity4.281%Jul 24, 2025Yield to maturity4.277%Jul 30, 2025Yield to maturity4.240%Aug 5, 2025Yield to maturity4.059%Aug 11, 2025Yield to maturity4.111%Aug 15, 2025Yield to maturity4.153%Aug 21, 2025Yield to maturity4.158%Aug 27, 2025Yield to maturity4.046%Sep 3, 2025Yield to maturity4.018%Sep 9, 2025Yield to maturity3.889%Sep 15, 2025Yield to maturity3.865%Sep 19, 2025Yield to maturity3.958%Sep 25, 2025Yield to maturity4.014%Oct 1, 2025Yield to maturity3.949%Oct 7, 2025Yield to maturity3.973%Oct 14, 2025Yield to maturity3.860%Oct 20, 2025Yield to maturity3.828%Oct 24, 2025Yield to maturity3.846%Oct 30, 2025Yield to maturity3.954%Nov 5, 2025Yield to maturity4.006%Nov 12, 2025Yield to maturity3.912%Nov 18, 2025Yield to maturity3.940%Nov 24, 2025Yield to maturity3.855%Dec 1, 2025Yield to maturity3.917%Dec 5, 2025Yield to maturity3.960%Dec 11, 2025Yield to maturity3.965%Dec 17, 2025Yield to maturity3.965%Dec 23, 2025Yield to maturity3.994%Dec 30, 2025Yield to maturity3.946%Jan 6, 2026Yield to maturity3.990%Jan 12, 2026Yield to maturity4.014%Jan 16, 2026Yield to maturity4.063%Jan 23, 2026Yield to maturity4.078%Jan 29, 2026Yield to maturity4.064%Feb 4, 2026Yield to maturity4.104%Feb 10, 2026Yield to maturity3.962%Feb 17, 2026Yield to maturity3.870%Feb 23, 2026Yield to maturity3.831%Feb 27, 2026Yield to maturity3.763%Mar 5, 2026Yield to maturity3.948%Mar 11, 2026Yield to maturity4.022%Mar 17, 2026Yield to maturity4.017%Mar 23, 2026Yield to maturity4.187%Mar 27, 2026Yield to maturity4.288%Apr 2, 2026Yield to maturity4.152%Apr 8, 2026Yield to maturity4.133%Apr 14, 2026Yield to maturity4.083%Apr 20, 2026Yield to maturity4.068%Apr 24, 2026Yield to maturity4.124%Apr 30, 2026Yield to maturity4.226%May 6, 2026Yield to maturity4.191%May 12, 2026Yield to maturity4.314%May 18, 2026Yield to maturity4.455%May 22, 2026Yield to maturity4.425%May 29, 2026Yield to maturity4.302%Jun 4, 2026Yield to maturity4.338%Jun 10, 2026Yield to maturity4.418%Jun 16, 2026Yield to maturity4.294%Jun 23, 2026Yield to maturity4.394%Jun 29, 2026Yield to maturity4.259%Jul 6, 2026Yield to maturity4.344%Jul 10, 2026Yield to maturity4.434%Jul 16, 2026Yield to maturity4.425%Jul 22, 2026Yield to maturity4.543%Jul 28, 2026Yield to maturity4.486%Aug 3, 2026Yield to maturity4.546%Aug 7, 2026Yield to maturity4.494%Aug 13, 2026Yield to maturity4.473%Aug 19, 2026Yield to maturity4.490%Aug 25, 2026Yield to maturity4.481%Aug 31, 2026Yield to maturity4.623%Sep 4, 2026Yield to maturity4.663%Sep 11, 2026Yield to maturity4.874%Sep 17, 2026Yield to maturity4.864%Sep 23, 2026Yield to maturity5.063%Sep 29, 2026Yield to maturity5.162%Oct 5, 2026Yield to maturity5.193%Oct 9, 2026Yield to maturity5.145%Oct 16, 2026Yield to maturity4.988%Oct 22, 2026Yield to maturity4.865%Oct 28, 2026Yield to maturity4.952%Nov 3, 2026Yield to maturity4.835%Nov 9, 2026Yield to maturity4.764%

Price history

809 trading days to Nov 9, 2026

9092949698100102104Aug 15, 2023Nov 9, 2026Aug 15, 2023Close97.281Aug 21, 2023Close96.313Aug 25, 2023Close97.031Aug 31, 2023Close98.250Sep 7, 2023Close96.875Sep 13, 2023Close97.000Sep 19, 2023Close96.094Sep 25, 2023Close94.719Sep 29, 2023Close94.406Oct 5, 2023Close93.438Oct 12, 2023Close93.563Oct 18, 2023Close92.063Oct 24, 2023Close92.594Oct 30, 2023Close92.281Nov 3, 2023Close94.625Nov 9, 2023Close93.969Nov 15, 2023Close94.781Nov 21, 2023Close95.656Nov 28, 2023Close96.188Dec 4, 2023Close96.656Dec 8, 2023Close97.094Dec 14, 2023Close99.594Dec 20, 2023Close100.063Dec 27, 2023Close100.625Jan 3, 2024Close99.719Jan 9, 2024Close98.875Jan 16, 2024Close98.469Jan 22, 2024Close98.219Jan 26, 2024Close97.875Feb 1, 2024Close100.125Feb 7, 2024Close98.219Feb 13, 2024Close96.500Feb 20, 2024Close96.781Feb 26, 2024Close96.719Mar 1, 2024Close97.469Mar 7, 2024Close98.219Mar 13, 2024Close97.438Mar 19, 2024Close96.656Mar 25, 2024Close97.031Apr 1, 2024Close96.469Apr 5, 2024Close96.000Apr 11, 2024Close94.719Apr 17, 2024Close94.531Apr 23, 2024Close94.469Apr 29, 2024Close94.281May 3, 2024Close95.250May 9, 2024Close95.531May 15, 2024Close96.250May 21, 2024Close95.844May 28, 2024Close94.938Jun 3, 2024Close95.906Jun 7, 2024Close95.750Jun 13, 2024Close97.156Jun 20, 2024Close97.094Jun 26, 2024Close96.563Jul 2, 2024Close95.813Jul 9, 2024Close96.813Jul 15, 2024Close97.344Jul 19, 2024Close97.250Jul 25, 2024Close97.125Jul 31, 2024Close98.500Aug 6, 2024Close99.906Aug 12, 2024Close99.750Aug 16, 2024Close99.875Aug 22, 2024Close100.156Aug 28, 2024Close100.344Sep 4, 2024Close100.969Sep 10, 2024Close101.906Sep 16, 2024Close102.094Sep 20, 2024Close101.375Sep 26, 2024Close100.844Oct 2, 2024Close100.875Oct 8, 2024Close98.938Oct 15, 2024Close99.000Oct 21, 2024Close97.969Oct 25, 2024Close97.469Oct 31, 2024Close97.156Nov 6, 2024Close96.000Nov 13, 2024Close95.906Nov 19, 2024Close96.375Nov 25, 2024Close97.219Dec 2, 2024Close97.781Dec 6, 2024Close98.063Dec 12, 2024Close96.906Dec 18, 2024Close95.625Dec 24, 2024Close95.000Dec 31, 2024Close95.219Jan 7, 2025Close94.563Jan 13, 2025Close93.719Jan 17, 2025Close95.031Jan 24, 2025Close94.969Jan 30, 2025Close95.750Feb 5, 2025Close96.375Feb 11, 2025Close95.563Feb 18, 2025Close95.438Feb 24, 2025Close96.531Feb 28, 2025Close97.719Mar 6, 2025Close97.375Mar 12, 2025Close97.219Mar 18, 2025Close97.469Mar 24, 2025Close97.156Mar 28, 2025Close97.688Apr 3, 2025Close99.250Apr 9, 2025Close97.125Apr 15, 2025Close97.313Apr 22, 2025Close96.969Apr 28, 2025Close98.219May 2, 2025Close97.594May 8, 2025Close97.156May 14, 2025Close96.094May 20, 2025Close96.563May 27, 2025Close96.906Jun 2, 2025Close96.844Jun 6, 2025Close96.375Jun 12, 2025Close97.469Jun 18, 2025Close97.344Jun 25, 2025Close98.094Jul 1, 2025Close98.313Jul 8, 2025Close97.219Jul 14, 2025Close97.219Jul 18, 2025Close97.250Jul 24, 2025Close97.281Jul 30, 2025Close97.531Aug 5, 2025Close98.750Aug 11, 2025Close98.406Aug 15, 2025Close98.125Aug 21, 2025Close98.094Aug 27, 2025Close98.844Sep 3, 2025Close99.031Sep 9, 2025Close99.906Sep 15, 2025Close100.063Sep 19, 2025Close99.438Sep 25, 2025Close99.063Oct 1, 2025Close99.500Oct 7, 2025Close99.344Oct 14, 2025Close100.094Oct 20, 2025Close100.313Oct 24, 2025Close100.188Oct 30, 2025Close99.469Nov 5, 2025Close99.125Nov 12, 2025Close99.750Nov 18, 2025Close99.563Nov 24, 2025Close100.125Dec 1, 2025Close99.719Dec 5, 2025Close99.438Dec 11, 2025Close99.406Dec 17, 2025Close99.406Dec 23, 2025Close99.219Dec 30, 2025Close99.531Jan 6, 2026Close99.250Jan 12, 2026Close99.094Jan 16, 2026Close98.781Jan 23, 2026Close98.688Jan 29, 2026Close98.781Feb 4, 2026Close98.531Feb 10, 2026Close99.438Feb 17, 2026Close100.031Feb 23, 2026Close100.281Feb 27, 2026Close100.719Mar 5, 2026Close99.531Mar 11, 2026Close99.063Mar 17, 2026Close99.094Mar 23, 2026Close98.031Mar 27, 2026Close97.406Apr 2, 2026Close98.250Apr 8, 2026Close98.375Apr 14, 2026Close98.688Apr 20, 2026Close98.781Apr 24, 2026Close98.438Apr 30, 2026Close97.813May 6, 2026Close98.031May 12, 2026Close97.281May 18, 2026Close96.438May 22, 2026Close96.625May 29, 2026Close97.375Jun 4, 2026Close97.156Jun 10, 2026Close96.688Jun 16, 2026Close97.438Jun 23, 2026Close96.844Jun 29, 2026Close97.656Jul 6, 2026Close97.156Jul 10, 2026Close96.625Jul 16, 2026Close96.688Jul 22, 2026Close96.000Jul 28, 2026Close96.344Aug 3, 2026Close96.000Aug 7, 2026Close96.313Aug 13, 2026Close96.438Aug 19, 2026Close96.344Aug 25, 2026Close96.406Aug 31, 2026Close95.594Sep 4, 2026Close95.375Sep 11, 2026Close94.188Sep 17, 2026Close94.250Sep 23, 2026Close93.156Sep 29, 2026Close92.625Oct 5, 2026Close92.469Oct 9, 2026Close92.750Oct 16, 2026Close93.625Oct 22, 2026Close94.313Oct 28, 2026Close93.844Nov 3, 2026Close94.500Nov 9, 2026Close94.906
The most recent 20 trading days of prices for 91282CHT1.
DateBidOfferClose
Nov 9, 202694.90694.92294.906
Nov 6, 202695.00095.03195.031
Nov 5, 202695.12595.14195.250
Nov 4, 202694.68894.70394.844
Nov 3, 202694.56394.57894.500
Nov 2, 202694.81394.84494.719
Oct 30, 202694.46994.48494.594
Oct 29, 202694.25094.26694.250
Oct 28, 202693.84493.87593.844
Oct 27, 202694.09494.10994.063
Oct 26, 202694.09494.10994.063
Oct 23, 202694.12594.14194.125
Oct 22, 202694.03194.04794.313
Oct 21, 202693.46993.48493.344
Oct 20, 202693.50093.51693.406
Oct 19, 202693.40693.42293.313
Oct 16, 202693.62593.65693.625
Oct 15, 202693.50093.53193.531
Oct 14, 202692.65692.67293.000
Oct 13, 202692.87592.90692.906

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 91282CHT1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 9, 2023Aug 15, 2023New issue$38.0bn$52.2bn2.56x3.999%
Sep 12, 2023Sep 15, 2023Reopening$35.0bn$35.0bn2.52x4.289%
Oct 11, 2023Oct 16, 2023Reopening$35.0bn$35.0bn2.50x4.610%

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.