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
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 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, November 9, 2026

Yield to maturity
4.650%
Modified duration
3.503 yr
DV01
0.0352
Convexity
0.146
Dirty price
100.427

Where its rate sensitivity sits

<.01
0.01
0.04
0.08
1.97
1.48
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 3.584 years against a modified duration of 3.503.

Against the fitted curve

Priced 1.0 bp rich to the curve on that day, 3.53 cents per 100 of face.

That is -1.17 standard deviations from its own typical residual.

Yield to maturity, 776 observations

3.0%3.5%4.0%4.5%5.0%5.5%Oct 2, 2023Nov 9, 2026Oct 2, 2023Yield to maturity4.726%Oct 6, 2023Yield to maturity4.790%Oct 13, 2023Yield to maturity4.657%Oct 19, 2023Yield to maturity5.001%Oct 25, 2023Yield to maturity4.975%Oct 31, 2023Yield to maturity4.893%Nov 6, 2023Yield to maturity4.662%Nov 10, 2023Yield to maturity4.683%Nov 16, 2023Yield to maturity4.475%Nov 22, 2023Yield to maturity4.464%Nov 29, 2023Yield to maturity4.294%Dec 5, 2023Yield to maturity4.204%Dec 11, 2023Yield to maturity4.282%Dec 15, 2023Yield to maturity3.946%Dec 21, 2023Yield to maturity3.914%Dec 28, 2023Yield to maturity3.871%Jan 4, 2024Yield to maturity4.005%Jan 10, 2024Yield to maturity4.030%Jan 17, 2024Yield to maturity4.081%Jan 23, 2024Yield to maturity4.106%Jan 29, 2024Yield to maturity4.036%Feb 2, 2024Yield to maturity4.030%Feb 8, 2024Yield to maturity4.167%Feb 14, 2024Yield to maturity4.290%Feb 21, 2024Yield to maturity4.344%Feb 27, 2024Yield to maturity4.349%Mar 4, 2024Yield to maturity4.245%Mar 8, 2024Yield to maturity4.093%Mar 14, 2024Yield to maturity4.320%Mar 20, 2024Yield to maturity4.281%Mar 26, 2024Yield to maturity4.253%Apr 2, 2024Yield to maturity4.379%Apr 8, 2024Yield to maturity4.451%Apr 12, 2024Yield to maturity4.546%Apr 18, 2024Yield to maturity4.681%Apr 24, 2024Yield to maturity4.676%Apr 30, 2024Yield to maturity4.721%May 6, 2024Yield to maturity4.494%May 10, 2024Yield to maturity4.516%May 16, 2024Yield to maturity4.397%May 22, 2024Yield to maturity4.459%May 29, 2024Yield to maturity4.647%Jun 4, 2024Yield to maturity4.350%Jun 10, 2024Yield to maturity4.480%Jun 14, 2024Yield to maturity4.230%Jun 21, 2024Yield to maturity4.274%Jun 27, 2024Yield to maturity4.308%Jul 3, 2024Yield to maturity4.341%Jul 10, 2024Yield to maturity4.255%Jul 16, 2024Yield to maturity4.112%Jul 22, 2024Yield to maturity4.201%Jul 26, 2024Yield to maturity4.115%Aug 1, 2024Yield to maturity3.882%Aug 7, 2024Yield to maturity3.847%Aug 13, 2024Yield to maturity3.727%Aug 19, 2024Yield to maturity3.787%Aug 23, 2024Yield to maturity3.701%Aug 29, 2024Yield to maturity3.750%Sep 5, 2024Yield to maturity3.612%Sep 11, 2024Yield to maturity3.515%Sep 17, 2024Yield to maturity3.507%Sep 23, 2024Yield to maturity3.583%Sep 27, 2024Yield to maturity3.575%Oct 3, 2024Yield to maturity3.687%Oct 9, 2024Yield to maturity3.955%Oct 16, 2024Yield to maturity3.895%Oct 22, 2024Yield to maturity4.063%Oct 28, 2024Yield to maturity4.162%Nov 1, 2024Yield to maturity4.268%Nov 7, 2024Yield to maturity4.219%Nov 14, 2024Yield to maturity4.362%Nov 20, 2024Yield to maturity4.319%Nov 26, 2024Yield to maturity4.228%Dec 3, 2024Yield to maturity4.154%Dec 9, 2024Yield to maturity4.111%Dec 13, 2024Yield to maturity4.298%Dec 19, 2024Yield to maturity4.475%Dec 26, 2024Yield to maturity4.468%Jan 2, 2025Yield to maturity4.425%Jan 8, 2025Yield to maturity4.505%Jan 14, 2025Yield to maturity4.643%Jan 21, 2025Yield to maturity4.442%Jan 27, 2025Yield to maturity4.379%Jan 31, 2025Yield to maturity4.422%Feb 6, 2025Yield to maturity4.315%Feb 12, 2025Yield to maturity4.522%Feb 19, 2025Yield to maturity4.415%Feb 25, 2025Yield to maturity4.169%Mar 3, 2025Yield to maturity4.018%Mar 7, 2025Yield to maturity4.142%Mar 13, 2025Yield to maturity4.078%Mar 19, 2025Yield to maturity4.077%Mar 25, 2025Yield to maturity4.113%Mar 31, 2025Yield to maturity4.005%Apr 4, 2025Yield to maturity3.766%Apr 10, 2025Yield to maturity4.097%Apr 16, 2025Yield to maturity3.963%Apr 23, 2025Yield to maturity4.075%Apr 29, 2025Yield to maturity3.832%May 5, 2025Yield to maturity4.001%May 9, 2025Yield to maturity4.044%May 15, 2025Yield to maturity4.114%May 21, 2025Yield to maturity4.197%May 28, 2025Yield to maturity4.111%Jun 3, 2025Yield to maturity4.083%Jun 9, 2025Yield to maturity4.140%Jun 13, 2025Yield to maturity4.061%Jun 20, 2025Yield to maturity4.007%Jun 26, 2025Yield to maturity3.836%Jul 2, 2025Yield to maturity3.906%Jul 9, 2025Yield to maturity3.949%Jul 15, 2025Yield to maturity4.079%Jul 21, 2025Yield to maturity3.946%Jul 25, 2025Yield to maturity3.977%Jul 31, 2025Yield to maturity3.982%Aug 6, 2025Yield to maturity3.788%Aug 12, 2025Yield to maturity3.852%Aug 18, 2025Yield to maturity3.877%Aug 22, 2025Yield to maturity3.781%Aug 28, 2025Yield to maturity3.727%Sep 4, 2025Yield to maturity3.671%Sep 10, 2025Yield to maturity3.615%Sep 16, 2025Yield to maturity3.612%Sep 22, 2025Yield to maturity3.716%Sep 26, 2025Yield to maturity3.788%Oct 2, 2025Yield to maturity3.685%Oct 8, 2025Yield to maturity3.736%Oct 15, 2025Yield to maturity3.638%Oct 21, 2025Yield to maturity3.574%Oct 27, 2025Yield to maturity3.625%Oct 31, 2025Yield to maturity3.718%Nov 6, 2025Yield to maturity3.695%Nov 13, 2025Yield to maturity3.713%Nov 19, 2025Yield to maturity3.710%Nov 25, 2025Yield to maturity3.576%Dec 2, 2025Yield to maturity3.662%Dec 8, 2025Yield to maturity3.750%Dec 12, 2025Yield to maturity3.747%Dec 18, 2025Yield to maturity3.654%Dec 24, 2025Yield to maturity3.721%Dec 31, 2025Yield to maturity3.711%Jan 7, 2026Yield to maturity3.679%Jan 13, 2026Yield to maturity3.726%Jan 20, 2026Yield to maturity3.838%Jan 26, 2026Yield to maturity3.799%Jan 30, 2026Yield to maturity3.775%Feb 5, 2026Yield to maturity3.723%Feb 11, 2026Yield to maturity3.727%Feb 18, 2026Yield to maturity3.637%Feb 24, 2026Yield to maturity3.590%Mar 2, 2026Yield to maturity3.609%Mar 6, 2026Yield to maturity3.708%Mar 12, 2026Yield to maturity3.869%Mar 18, 2026Yield to maturity3.859%Mar 24, 2026Yield to maturity4.029%Mar 30, 2026Yield to maturity3.959%Apr 3, 2026Yield to maturity3.980%Apr 9, 2026Yield to maturity3.895%Apr 15, 2026Yield to maturity3.877%Apr 21, 2026Yield to maturity3.890%Apr 27, 2026Yield to maturity3.925%May 1, 2026Yield to maturity4.000%May 7, 2026Yield to maturity4.029%May 13, 2026Yield to maturity4.097%May 19, 2026Yield to maturity4.306%May 26, 2026Yield to maturity4.179%Jun 1, 2026Yield to maturity4.170%Jun 5, 2026Yield to maturity4.279%Jun 11, 2026Yield to maturity4.167%Jun 17, 2026Yield to maturity4.269%Jun 24, 2026Yield to maturity4.179%Jun 30, 2026Yield to maturity4.194%Jul 7, 2026Yield to maturity4.257%Jul 13, 2026Yield to maturity4.353%Jul 17, 2026Yield to maturity4.262%Jul 23, 2026Yield to maturity4.442%Jul 29, 2026Yield to maturity4.359%Aug 4, 2026Yield to maturity4.308%Aug 10, 2026Yield to maturity4.382%Aug 14, 2026Yield to maturity4.331%Aug 20, 2026Yield to maturity4.347%Aug 26, 2026Yield to maturity4.346%Sep 1, 2026Yield to maturity4.522%Sep 8, 2026Yield to maturity4.539%Sep 14, 2026Yield to maturity4.779%Sep 18, 2026Yield to maturity4.867%Sep 24, 2026Yield to maturity5.034%Sep 30, 2026Yield to maturity5.062%Oct 6, 2026Yield to maturity4.992%Oct 13, 2026Yield to maturity4.976%Oct 19, 2026Yield to maturity4.915%Oct 23, 2026Yield to maturity4.801%Oct 29, 2026Yield to maturity4.774%Nov 4, 2026Yield to maturity4.668%Nov 9, 2026Yield to maturity4.650%

Price history

776 trading days to Nov 9, 2026

9698100102104106108Oct 2, 2023Nov 9, 2026Oct 2, 2023Close99.406Oct 6, 2023Close99.031Oct 13, 2023Close99.813Oct 19, 2023Close97.813Oct 25, 2023Close97.969Oct 31, 2023Close98.438Nov 6, 2023Close99.781Nov 10, 2023Close99.656Nov 16, 2023Close100.875Nov 22, 2023Close100.938Nov 29, 2023Close101.938Dec 5, 2023Close102.469Dec 11, 2023Close102.000Dec 15, 2023Close104.000Dec 21, 2023Close104.188Dec 28, 2023Close104.438Jan 4, 2024Close103.625Jan 10, 2024Close103.469Jan 17, 2024Close103.156Jan 23, 2024Close103.000Jan 29, 2024Close103.406Feb 2, 2024Close103.438Feb 8, 2024Close102.625Feb 14, 2024Close101.906Feb 21, 2024Close101.594Feb 27, 2024Close101.563Mar 4, 2024Close102.156Mar 8, 2024Close103.031Mar 14, 2024Close101.719Mar 20, 2024Close101.938Mar 26, 2024Close102.094Apr 2, 2024Close101.375Apr 8, 2024Close100.969Apr 12, 2024Close100.438Apr 18, 2024Close99.688Apr 24, 2024Close99.719Apr 30, 2024Close99.469May 6, 2024Close100.719May 10, 2024Close100.594May 16, 2024Close101.250May 22, 2024Close100.906May 29, 2024Close99.875Jun 4, 2024Close101.500Jun 10, 2024Close100.781Jun 14, 2024Close102.156Jun 21, 2024Close101.906Jun 27, 2024Close101.719Jul 3, 2024Close101.531Jul 10, 2024Close102.000Jul 16, 2024Close102.781Jul 22, 2024Close102.281Jul 26, 2024Close102.750Aug 1, 2024Close104.031Aug 7, 2024Close104.219Aug 13, 2024Close104.875Aug 19, 2024Close104.531Aug 23, 2024Close105.000Aug 29, 2024Close104.719Sep 5, 2024Close105.469Sep 11, 2024Close106.000Sep 17, 2024Close106.031Sep 23, 2024Close105.594Sep 27, 2024Close105.625Oct 3, 2024Close105.000Oct 9, 2024Close103.531Oct 16, 2024Close103.844Oct 22, 2024Close102.938Oct 28, 2024Close102.406Nov 1, 2024Close101.844Nov 7, 2024Close102.094Nov 14, 2024Close101.344Nov 20, 2024Close101.563Nov 26, 2024Close102.031Dec 3, 2024Close102.406Dec 9, 2024Close102.625Dec 13, 2024Close101.656Dec 19, 2024Close100.750Dec 26, 2024Close100.781Jan 2, 2025Close101.000Jan 8, 2025Close100.594Jan 14, 2025Close99.906Jan 21, 2025Close100.906Jan 27, 2025Close101.219Jan 31, 2025Close101.000Feb 6, 2025Close101.531Feb 12, 2025Close100.500Feb 19, 2025Close101.031Feb 25, 2025Close102.250Mar 3, 2025Close103.000Mar 7, 2025Close102.375Mar 13, 2025Close102.688Mar 19, 2025Close102.688Mar 25, 2025Close102.500Mar 31, 2025Close103.031Apr 4, 2025Close104.219Apr 10, 2025Close102.563Apr 16, 2025Close103.219Apr 23, 2025Close102.656Apr 29, 2025Close103.844May 5, 2025Close103.000May 9, 2025Close102.781May 15, 2025Close102.438May 21, 2025Close102.031May 28, 2025Close102.438Jun 3, 2025Close102.563Jun 9, 2025Close102.281Jun 13, 2025Close102.656Jun 20, 2025Close102.906Jun 26, 2025Close103.719Jul 2, 2025Close103.375Jul 9, 2025Close103.156Jul 15, 2025Close102.531Jul 21, 2025Close103.156Jul 25, 2025Close103.000Jul 31, 2025Close102.969Aug 6, 2025Close103.875Aug 12, 2025Close103.563Aug 18, 2025Close103.438Aug 22, 2025Close103.875Aug 28, 2025Close104.125Sep 4, 2025Close104.375Sep 10, 2025Close104.625Sep 16, 2025Close104.625Sep 22, 2025Close104.125Sep 26, 2025Close103.781Oct 2, 2025Close104.250Oct 8, 2025Close104.000Oct 15, 2025Close104.438Oct 21, 2025Close104.719Oct 27, 2025Close104.469Oct 31, 2025Close104.031Nov 6, 2025Close104.125Nov 13, 2025Close104.031Nov 19, 2025Close104.031Nov 25, 2025Close104.625Dec 2, 2025Close104.219Dec 8, 2025Close103.813Dec 12, 2025Close103.813Dec 18, 2025Close104.219Dec 24, 2025Close103.906Dec 31, 2025Close103.938Jan 7, 2026Close104.063Jan 13, 2026Close103.844Jan 20, 2026Close103.344Jan 26, 2026Close103.500Jan 30, 2026Close103.594Feb 5, 2026Close103.813Feb 11, 2026Close103.781Feb 18, 2026Close104.156Feb 24, 2026Close104.344Mar 2, 2026Close104.250Mar 6, 2026Close103.813Mar 12, 2026Close103.125Mar 18, 2026Close103.156Mar 24, 2026Close102.438Mar 30, 2026Close102.719Apr 3, 2026Close102.625Apr 9, 2026Close102.969Apr 15, 2026Close103.031Apr 21, 2026Close102.969Apr 27, 2026Close102.813May 1, 2026Close102.500May 7, 2026Close102.375May 13, 2026Close102.094May 19, 2026Close101.250May 26, 2026Close101.750Jun 1, 2026Close101.781Jun 5, 2026Close101.344Jun 11, 2026Close101.781Jun 17, 2026Close101.375Jun 24, 2026Close101.719Jun 30, 2026Close101.656Jul 7, 2026Close101.406Jul 13, 2026Close101.031Jul 17, 2026Close101.375Jul 23, 2026Close100.688Jul 29, 2026Close101.000Aug 4, 2026Close101.188Aug 10, 2026Close100.906Aug 14, 2026Close101.094Aug 20, 2026Close101.031Aug 26, 2026Close101.031Sep 1, 2026Close100.375Sep 8, 2026Close100.313Sep 14, 2026Close99.438Sep 18, 2026Close99.125Sep 24, 2026Close98.531Sep 30, 2026Close98.438Oct 6, 2026Close98.688Oct 13, 2026Close98.750Oct 19, 2026Close98.969Oct 23, 2026Close99.375Oct 29, 2026Close99.469Nov 4, 2026Close99.844Nov 9, 2026Close99.906
The most recent 20 trading days of prices for 91282CHZ7.
DateBidOfferClose
Nov 9, 202699.87599.90699.906
Nov 6, 202699.969100.000100.000
Nov 5, 2026100.031100.047100.156
Nov 4, 202699.75099.76699.844
Nov 3, 202699.68899.70399.656
Nov 2, 202699.81399.82899.750
Oct 30, 202699.62599.64199.719
Oct 29, 202699.46999.50099.469
Oct 28, 202699.12599.14199.219
Oct 27, 202699.31399.32899.281
Oct 26, 202699.31399.34499.281
Oct 23, 202699.34499.37599.375
Oct 22, 202699.31399.32899.500
Oct 21, 202698.96998.98498.906
Oct 20, 202699.00099.03198.938
Oct 19, 202698.96999.00098.969
Oct 16, 202699.12599.14199.125
Oct 15, 202699.00099.03199.031
Oct 14, 202698.53198.54798.750
Oct 13, 202698.68898.71998.750

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 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.

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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.