Treasury note

91282CHZ7 · 4.625% due September 30, 2030

Original term
7-Year
Maturity
Sep 30, 2030
Coupon
4.625%
Pays
Semi-Annual
Dated
Sep 30, 2023
First coupon
Mar 31, 2024
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$36.71bn
Held stripped
$6.4m
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, September 10, 2026

Yield to maturity
4.710%
Modified duration
3.581 yr
DV01
0.0364
Convexity
15.490
Dirty price
101.760

Where its rate sensitivity sits

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 3.664 years against a modified duration of 3.581.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 5.18 cents per 100 of face.

That is -2.20 standard deviations from its own typical residual.

Yield to maturity, 737 observations

3.00%3.50%4.00%4.50%5.00%5.50%Oct 2, 2023Sep 10, 2026Oct 2, 2023Yield to maturity4.726%Oct 26, 2023Yield to maturity4.877%Nov 20, 2023Yield to maturity4.464%Dec 14, 2023Yield to maturity3.937%Jan 10, 2024Yield to maturity4.030%Feb 5, 2024Yield to maturity4.168%Feb 29, 2024Yield to maturity4.289%Mar 25, 2024Yield to maturity4.264%Apr 17, 2024Yield to maturity4.625%May 10, 2024Yield to maturity4.516%Jun 5, 2024Yield to maturity4.310%Jul 1, 2024Yield to maturity4.462%Jul 25, 2024Yield to maturity4.190%Aug 19, 2024Yield to maturity3.787%Sep 12, 2024Yield to maturity3.543%Oct 7, 2024Yield to maturity3.915%Oct 31, 2024Yield to maturity4.197%Nov 26, 2024Yield to maturity4.228%Dec 20, 2024Yield to maturity4.413%Jan 16, 2025Yield to maturity4.448%Feb 11, 2025Yield to maturity4.415%Mar 7, 2025Yield to maturity4.142%Apr 1, 2025Yield to maturity3.955%Apr 24, 2025Yield to maturity3.992%May 19, 2025Yield to maturity4.113%Jun 12, 2025Yield to maturity4.009%Jul 9, 2025Yield to maturity3.949%Aug 1, 2025Yield to maturity3.796%Aug 26, 2025Yield to maturity3.767%Sep 19, 2025Yield to maturity3.703%Oct 15, 2025Yield to maturity3.638%Nov 7, 2025Yield to maturity3.680%Dec 4, 2025Yield to maturity3.682%Dec 30, 2025Yield to maturity3.662%Jan 26, 2026Yield to maturity3.799%Feb 19, 2026Yield to maturity3.629%Mar 16, 2026Yield to maturity3.793%Apr 8, 2026Yield to maturity3.903%May 1, 2026Yield to maturity4.000%May 27, 2026Yield to maturity4.163%Jun 22, 2026Yield to maturity4.284%Jul 16, 2026Yield to maturity4.263%Aug 10, 2026Yield to maturity4.382%Sep 2, 2026Yield to maturity4.514%Sep 10, 2026Yield to maturity4.710%

Price history

737 trading days to Sep 10, 2026

9698100102104106108Oct 2, 2023Sep 10, 2026Oct 2, 2023Close99.406Oct 26, 2023Close98.531Nov 20, 2023Close100.938Dec 14, 2023Close104.063Jan 10, 2024Close103.469Feb 5, 2024Close102.625Feb 29, 2024Close101.906Mar 25, 2024Close102.031Apr 17, 2024Close100.000May 10, 2024Close100.594Jun 5, 2024Close101.719Jul 1, 2024Close100.875Jul 25, 2024Close102.344Aug 19, 2024Close104.531Sep 12, 2024Close105.844Oct 7, 2024Close103.750Oct 31, 2024Close102.219Nov 26, 2024Close102.031Dec 20, 2024Close101.063Jan 16, 2025Close100.875Feb 11, 2025Close101.031Mar 7, 2025Close102.375Apr 1, 2025Close103.281Apr 24, 2025Close103.063May 19, 2025Close102.438Jun 12, 2025Close102.906Jul 9, 2025Close103.156Aug 1, 2025Close103.844Aug 26, 2025Close103.938Sep 19, 2025Close104.188Oct 15, 2025Close104.438Nov 7, 2025Close104.188Dec 4, 2025Close104.125Dec 30, 2025Close104.156Jan 26, 2026Close103.500Feb 19, 2026Close104.188Mar 16, 2026Close103.438Apr 8, 2026Close102.938May 1, 2026Close102.500May 27, 2026Close101.813Jun 22, 2026Close101.313Jul 16, 2026Close101.375Aug 10, 2026Close100.906Sep 2, 2026Close100.406Sep 10, 2026Close99.688
The most recent 20 trading days of prices for 91282CHZ7.
DateBidOfferClose
Sep 10, 202699.79799.78199.688
Sep 9, 2026100.188100.156100.188
Sep 8, 2026100.359100.344100.313
Sep 4, 2026100.453100.438100.406
Sep 3, 2026100.609100.594100.531
Sep 2, 2026100.391100.375100.406
Sep 1, 2026100.484100.469100.375
Aug 31, 2026100.578100.563100.563
Aug 28, 2026100.719100.688100.594
Aug 27, 2026101.063101.031100.969
Aug 26, 2026101.047101.031101.031
Aug 25, 2026101.141101.125101.125
Aug 24, 2026100.984100.969100.906
Aug 21, 2026100.859100.844100.875
Aug 20, 2026101.031101.000101.031
Aug 19, 2026101.109101.094101.125
Aug 18, 2026101.109101.094101.094
Aug 17, 2026101.125101.094101.063
Aug 14, 2026101.203101.188101.094
Aug 13, 2026101.266101.250101.250

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

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 91282CHZ7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 28, 2023Oct 2, 2023New issue$37.0bn$37.0bn2.47x4.673%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.