Treasury note

91282CJC6 · 4.625% due October 15, 2026

Original term
3-Year
Maturity
Oct 15, 2026
Coupon
4.625%
Pays
Semi-Annual
Dated
Oct 15, 2023
First coupon
Apr 15, 2024
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$42.45bn
Held stripped
$100.2m
Share stripped
0.24%

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
3.877%
Modified duration
0.093 yr
DV01
0.0009
Convexity
0.017
Dirty price
101.945

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 0.01 cents per 100 of face.

That is 0.84 standard deviations from its own typical residual.

Yield to maturity, 728 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Oct 16, 2023Sep 10, 2026Oct 16, 2023Yield to maturity4.874%Nov 8, 2023Yield to maturity4.693%Dec 4, 2023Yield to maturity4.423%Dec 28, 2023Yield to maturity4.062%Jan 24, 2024Yield to maturity4.242%Feb 16, 2024Yield to maturity4.496%Mar 13, 2024Yield to maturity4.468%Apr 5, 2024Yield to maturity4.625%Apr 30, 2024Yield to maturity4.966%May 23, 2024Yield to maturity4.833%Jun 18, 2024Yield to maturity4.594%Jul 15, 2024Yield to maturity4.386%Aug 7, 2024Yield to maturity3.974%Aug 30, 2024Yield to maturity3.908%Sep 25, 2024Yield to maturity3.573%Oct 21, 2024Yield to maturity4.028%Nov 14, 2024Yield to maturity4.348%Dec 10, 2024Yield to maturity4.177%Jan 6, 2025Yield to maturity4.288%Jan 30, 2025Yield to maturity4.218%Feb 25, 2025Yield to maturity4.122%Mar 20, 2025Yield to maturity4.001%Apr 14, 2025Yield to maturity3.932%May 7, 2025Yield to maturity3.901%Jun 2, 2025Yield to maturity4.075%Jun 26, 2025Yield to maturity3.899%Jul 22, 2025Yield to maturity3.989%Aug 14, 2025Yield to maturity3.901%Sep 9, 2025Yield to maturity3.711%Oct 2, 2025Yield to maturity3.659%Oct 28, 2025Yield to maturity3.623%Nov 21, 2025Yield to maturity3.649%Dec 17, 2025Yield to maturity3.571%Jan 13, 2026Yield to maturity3.595%Feb 6, 2026Yield to maturity3.583%Mar 4, 2026Yield to maturity3.682%Mar 27, 2026Yield to maturity3.801%Apr 21, 2026Yield to maturity3.696%May 14, 2026Yield to maturity3.700%Jun 9, 2026Yield to maturity3.777%Jul 6, 2026Yield to maturity3.777%Jul 29, 2026Yield to maturity3.825%Aug 21, 2026Yield to maturity3.897%Sep 10, 2026Yield to maturity3.877%

Price history

728 trading days to Sep 10, 2026

9899100101102103Oct 16, 2023Sep 10, 2026Oct 16, 2023Close99.313Nov 8, 2023Close99.813Dec 4, 2023Close100.531Dec 28, 2023Close101.469Jan 24, 2024Close100.969Feb 16, 2024Close100.313Mar 13, 2024Close100.375Apr 5, 2024Close100.000Apr 30, 2024Close99.219May 23, 2024Close99.531Jun 18, 2024Close100.063Jul 15, 2024Close100.500Aug 7, 2024Close101.344Aug 30, 2024Close101.438Sep 25, 2024Close102.063Oct 21, 2024Close101.125Nov 14, 2024Close100.500Dec 10, 2024Close100.781Jan 6, 2025Close100.563Jan 30, 2025Close100.656Feb 25, 2025Close100.781Mar 20, 2025Close100.938Apr 14, 2025Close101.000May 7, 2025Close101.000Jun 2, 2025Close100.719Jun 26, 2025Close100.906Jul 22, 2025Close100.750Aug 14, 2025Close100.813Sep 9, 2025Close100.969Oct 2, 2025Close100.969Oct 28, 2025Close100.938Nov 21, 2025Close100.844Dec 17, 2025Close100.844Jan 13, 2026Close100.750Feb 6, 2026Close100.688Mar 4, 2026Close100.563Mar 27, 2026Close100.438Apr 21, 2026Close100.438May 14, 2026Close100.375Jun 9, 2026Close100.281Jul 6, 2026Close100.219Jul 29, 2026Close100.156Aug 21, 2026Close100.094Sep 10, 2026Close100.063
The most recent 20 trading days of prices for 91282CJC6.
DateBidOfferClose
Sep 10, 2026–100.063100.063
Sep 9, 2026–100.063100.063
Sep 8, 2026–100.063100.063
Sep 4, 2026–100.063100.063
Sep 3, 2026–100.094100.094
Sep 2, 2026–100.094100.094
Sep 1, 2026–100.094100.094
Aug 31, 2026–100.094100.094
Aug 28, 2026–100.094100.094
Aug 27, 2026–100.094100.094
Aug 26, 2026–100.094100.094
Aug 25, 2026–100.094100.094
Aug 24, 2026–100.094100.094
Aug 21, 2026–100.094100.094
Aug 20, 2026–100.125100.125
Aug 19, 2026–100.125100.125
Aug 18, 2026–100.125100.125
Aug 17, 2026–100.125100.125
Aug 14, 2026–100.125100.125
Aug 13, 2026–100.125100.125

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 91282CJC6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 10, 2023Oct 16, 2023New issue$46.0bn$46.0bn2.56x4.740%

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.