Treasury note

91282CJG7 · 4.875% due October 31, 2030

Original term
7-Year
Maturity
Oct 31, 2030
Coupon
4.875%
Pays
Semi-Annual
Dated
Oct 31, 2023
First coupon
Apr 30, 2024
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$37.23bn
Held stripped
$10.6m
Share stripped
0.03%

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
4.714%
Modified duration
3.646 yr
DV01
0.0373
Convexity
16.029
Dirty price
102.369

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 3.732 years against a modified duration of 3.646.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 4.93 cents per 100 of face.

That is -2.17 standard deviations from its own typical residual.

Yield to maturity, 717 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Oct 31, 2023Sep 10, 2026Oct 31, 2023Yield to maturity4.891%Nov 24, 2023Yield to maturity4.508%Dec 19, 2023Yield to maturity3.962%Jan 16, 2024Yield to maturity4.025%Feb 8, 2024Yield to maturity4.164%Mar 5, 2024Yield to maturity4.158%Mar 28, 2024Yield to maturity4.233%Apr 22, 2024Yield to maturity4.656%May 15, 2024Yield to maturity4.359%Jun 10, 2024Yield to maturity4.482%Jul 5, 2024Yield to maturity4.236%Jul 30, 2024Yield to maturity4.063%Aug 22, 2024Yield to maturity3.761%Sep 17, 2024Yield to maturity3.507%Oct 10, 2024Yield to maturity3.967%Nov 5, 2024Yield to maturity4.207%Dec 2, 2024Yield to maturity4.123%Dec 26, 2024Yield to maturity4.469%Jan 22, 2025Yield to maturity4.470%Feb 14, 2025Yield to maturity4.373%Mar 12, 2025Yield to maturity4.140%Apr 4, 2025Yield to maturity3.775%Apr 29, 2025Yield to maturity3.845%May 22, 2025Yield to maturity4.174%Jun 17, 2025Yield to maturity4.038%Jul 14, 2025Yield to maturity4.021%Aug 6, 2025Yield to maturity3.791%Aug 29, 2025Yield to maturity3.726%Sep 24, 2025Yield to maturity3.740%Oct 20, 2025Yield to maturity3.594%Nov 13, 2025Yield to maturity3.713%Dec 9, 2025Yield to maturity3.780%Jan 5, 2026Yield to maturity3.695%Jan 29, 2026Yield to maturity3.786%Feb 24, 2026Yield to maturity3.586%Mar 19, 2026Yield to maturity3.881%Apr 13, 2026Yield to maturity3.905%May 6, 2026Yield to maturity3.983%Jun 1, 2026Yield to maturity4.177%Jun 25, 2026Yield to maturity4.159%Jul 21, 2026Yield to maturity4.355%Aug 13, 2026Yield to maturity4.292%Sep 8, 2026Yield to maturity4.539%Sep 10, 2026Yield to maturity4.714%

Price history

717 trading days to Sep 10, 2026

98100102104106108Oct 31, 2023Sep 10, 2026Oct 31, 2023Close99.906Nov 24, 2023Close102.156Dec 19, 2023Close105.438Jan 16, 2024Close105.000Feb 8, 2024Close104.125Mar 5, 2024Close104.125Mar 28, 2024Close103.656Apr 22, 2024Close101.219May 15, 2024Close102.875Jun 10, 2024Close102.156Jul 5, 2024Close103.500Jul 30, 2024Close104.438Aug 22, 2024Close106.094Sep 17, 2024Close107.469Oct 10, 2024Close104.844Nov 5, 2024Close103.500Dec 2, 2024Close103.906Dec 26, 2024Close102.063Jan 22, 2025Close102.031Feb 14, 2025Close102.500Mar 12, 2025Close103.656Apr 4, 2025Close105.469Apr 29, 2025Close105.063May 22, 2025Close103.375Jun 17, 2025Close104.000Jul 14, 2025Close104.031Aug 6, 2025Close105.094Aug 29, 2025Close105.344Sep 24, 2025Close105.219Oct 20, 2025Close105.844Nov 13, 2025Close105.219Dec 9, 2025Close104.844Jan 5, 2026Close105.156Jan 29, 2026Close104.688Feb 24, 2026Close105.500Mar 19, 2026Close104.156Apr 13, 2026Close104.000May 6, 2026Close103.625Jun 1, 2026Close102.781Jun 25, 2026Close102.813Jul 21, 2026Close102.000Aug 13, 2026Close102.219Sep 8, 2026Close101.250Sep 10, 2026Close100.594
The most recent 20 trading days of prices for 91282CJG7.
DateBidOfferClose
Sep 10, 2026100.703100.688100.594
Sep 9, 2026101.109101.094101.094
Sep 8, 2026101.297101.281101.250
Sep 4, 2026101.375101.344101.313
Sep 3, 2026101.547101.531101.438
Sep 2, 2026101.328101.313101.313
Sep 1, 2026101.422101.406101.313
Aug 31, 2026101.516101.500101.500
Aug 28, 2026101.656101.625101.531
Aug 27, 2026102.016102.000101.906
Aug 26, 2026102.016102.000101.969
Aug 25, 2026102.078102.063102.094
Aug 24, 2026101.953101.938101.875
Aug 21, 2026101.828101.813101.813
Aug 20, 2026101.984101.969102.000
Aug 19, 2026102.078102.063102.094
Aug 18, 2026102.047102.031102.031
Aug 17, 2026102.078102.063102.031
Aug 14, 2026102.141102.125102.063
Aug 13, 2026102.234102.219102.219

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 91282CJG7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 26, 2023Oct 31, 2023New issue$38.0bn$38.0bn2.70x4.908%

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.