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
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 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, November 9, 2026

Yield to maturity
4.657%
Modified duration
3.573 yr
DV01
0.0361
Convexity
0.152
Dirty price
100.916

Where its rate sensitivity sits

<.01
0.01
0.04
0.09
1.87
1.65
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 3.655 years against a modified duration of 3.573.

Against the fitted curve

Priced 0.5 bp rich to the curve on that day, 1.67 cents per 100 of face.

That is -0.50 standard deviations from its own typical residual.

Yield to maturity, 756 observations

3.0%3.5%4.0%4.5%5.0%5.5%Oct 31, 2023Nov 9, 2026Oct 31, 2023Yield to maturity4.891%Nov 6, 2023Yield to maturity4.658%Nov 10, 2023Yield to maturity4.678%Nov 16, 2023Yield to maturity4.468%Nov 22, 2023Yield to maturity4.462%Nov 29, 2023Yield to maturity4.290%Dec 5, 2023Yield to maturity4.201%Dec 11, 2023Yield to maturity4.282%Dec 15, 2023Yield to maturity3.937%Dec 21, 2023Yield to maturity3.910%Dec 28, 2023Yield to maturity3.867%Jan 4, 2024Yield to maturity4.002%Jan 10, 2024Yield to maturity4.026%Jan 17, 2024Yield to maturity4.076%Jan 23, 2024Yield to maturity4.111%Jan 29, 2024Yield to maturity4.036%Feb 2, 2024Yield to maturity4.029%Feb 8, 2024Yield to maturity4.164%Feb 14, 2024Yield to maturity4.289%Feb 21, 2024Yield to maturity4.347%Feb 27, 2024Yield to maturity4.351%Mar 4, 2024Yield to maturity4.248%Mar 8, 2024Yield to maturity4.088%Mar 14, 2024Yield to maturity4.321%Mar 20, 2024Yield to maturity4.283%Mar 26, 2024Yield to maturity4.254%Apr 2, 2024Yield to maturity4.383%Apr 8, 2024Yield to maturity4.447%Apr 12, 2024Yield to maturity4.546%Apr 18, 2024Yield to maturity4.678%Apr 24, 2024Yield to maturity4.667%Apr 30, 2024Yield to maturity4.723%May 6, 2024Yield to maturity4.493%May 10, 2024Yield to maturity4.520%May 16, 2024Yield to maturity4.397%May 22, 2024Yield to maturity4.457%May 29, 2024Yield to maturity4.647%Jun 4, 2024Yield to maturity4.349%Jun 10, 2024Yield to maturity4.482%Jun 14, 2024Yield to maturity4.225%Jun 21, 2024Yield to maturity4.267%Jun 27, 2024Yield to maturity4.305%Jul 3, 2024Yield to maturity4.338%Jul 10, 2024Yield to maturity4.252%Jul 16, 2024Yield to maturity4.111%Jul 22, 2024Yield to maturity4.199%Jul 26, 2024Yield to maturity4.114%Aug 1, 2024Yield to maturity3.879%Aug 7, 2024Yield to maturity3.844%Aug 13, 2024Yield to maturity3.726%Aug 19, 2024Yield to maturity3.784%Aug 23, 2024Yield to maturity3.699%Aug 29, 2024Yield to maturity3.753%Sep 5, 2024Yield to maturity3.606%Sep 11, 2024Yield to maturity3.516%Sep 17, 2024Yield to maturity3.507%Sep 23, 2024Yield to maturity3.587%Sep 27, 2024Yield to maturity3.578%Oct 3, 2024Yield to maturity3.687%Oct 9, 2024Yield to maturity3.950%Oct 16, 2024Yield to maturity3.902%Oct 22, 2024Yield to maturity4.066%Oct 28, 2024Yield to maturity4.163%Nov 1, 2024Yield to maturity4.272%Nov 7, 2024Yield to maturity4.224%Nov 14, 2024Yield to maturity4.364%Nov 20, 2024Yield to maturity4.321%Nov 26, 2024Yield to maturity4.230%Dec 3, 2024Yield to maturity4.158%Dec 9, 2024Yield to maturity4.115%Dec 13, 2024Yield to maturity4.303%Dec 19, 2024Yield to maturity4.482%Dec 26, 2024Yield to maturity4.469%Jan 2, 2025Yield to maturity4.425%Jan 8, 2025Yield to maturity4.509%Jan 14, 2025Yield to maturity4.644%Jan 21, 2025Yield to maturity4.440%Jan 27, 2025Yield to maturity4.384%Jan 31, 2025Yield to maturity4.425%Feb 6, 2025Yield to maturity4.320%Feb 12, 2025Yield to maturity4.522%Feb 19, 2025Yield to maturity4.416%Feb 25, 2025Yield to maturity4.175%Mar 3, 2025Yield to maturity4.020%Mar 7, 2025Yield to maturity4.147%Mar 13, 2025Yield to maturity4.090%Mar 19, 2025Yield to maturity4.082%Mar 25, 2025Yield to maturity4.117%Mar 31, 2025Yield to maturity4.017%Apr 4, 2025Yield to maturity3.775%Apr 10, 2025Yield to maturity4.112%Apr 16, 2025Yield to maturity3.968%Apr 23, 2025Yield to maturity4.083%Apr 29, 2025Yield to maturity3.845%May 5, 2025Yield to maturity4.010%May 9, 2025Yield to maturity4.058%May 15, 2025Yield to maturity4.126%May 21, 2025Yield to maturity4.213%May 28, 2025Yield to maturity4.128%Jun 3, 2025Yield to maturity4.094%Jun 9, 2025Yield to maturity4.149%Jun 13, 2025Yield to maturity4.064%Jun 20, 2025Yield to maturity4.016%Jun 26, 2025Yield to maturity3.843%Jul 2, 2025Yield to maturity3.910%Jul 9, 2025Yield to maturity3.958%Jul 15, 2025Yield to maturity4.085%Jul 21, 2025Yield to maturity3.947%Jul 25, 2025Yield to maturity3.983%Jul 31, 2025Yield to maturity3.988%Aug 6, 2025Yield to maturity3.791%Aug 12, 2025Yield to maturity3.853%Aug 18, 2025Yield to maturity3.883%Aug 22, 2025Yield to maturity3.795%Aug 28, 2025Yield to maturity3.735%Sep 4, 2025Yield to maturity3.679%Sep 10, 2025Yield to maturity3.617%Sep 16, 2025Yield to maturity3.614%Sep 22, 2025Yield to maturity3.728%Sep 26, 2025Yield to maturity3.798%Oct 2, 2025Yield to maturity3.690%Oct 8, 2025Yield to maturity3.740%Oct 15, 2025Yield to maturity3.643%Oct 21, 2025Yield to maturity3.580%Oct 27, 2025Yield to maturity3.630%Oct 31, 2025Yield to maturity3.720%Nov 6, 2025Yield to maturity3.697%Nov 13, 2025Yield to maturity3.713%Nov 19, 2025Yield to maturity3.710%Nov 25, 2025Yield to maturity3.577%Dec 2, 2025Yield to maturity3.661%Dec 8, 2025Yield to maturity3.753%Dec 12, 2025Yield to maturity3.749%Dec 18, 2025Yield to maturity3.665%Dec 24, 2025Yield to maturity3.722%Dec 31, 2025Yield to maturity3.718%Jan 7, 2026Yield to maturity3.687%Jan 13, 2026Yield to maturity3.732%Jan 20, 2026Yield to maturity3.847%Jan 26, 2026Yield to maturity3.809%Jan 30, 2026Yield to maturity3.777%Feb 5, 2026Yield to maturity3.725%Feb 11, 2026Yield to maturity3.729%Feb 18, 2026Yield to maturity3.640%Feb 24, 2026Yield to maturity3.586%Mar 2, 2026Yield to maturity3.610%Mar 6, 2026Yield to maturity3.714%Mar 12, 2026Yield to maturity3.870%Mar 18, 2026Yield to maturity3.860%Mar 24, 2026Yield to maturity4.033%Mar 30, 2026Yield to maturity3.964%Apr 3, 2026Yield to maturity3.983%Apr 9, 2026Yield to maturity3.907%Apr 15, 2026Yield to maturity3.890%Apr 21, 2026Yield to maturity3.901%Apr 27, 2026Yield to maturity3.936%May 1, 2026Yield to maturity4.008%May 7, 2026Yield to maturity4.036%May 13, 2026Yield to maturity4.109%May 19, 2026Yield to maturity4.313%May 26, 2026Yield to maturity4.179%Jun 1, 2026Yield to maturity4.177%Jun 5, 2026Yield to maturity4.275%Jun 11, 2026Yield to maturity4.165%Jun 17, 2026Yield to maturity4.272%Jun 24, 2026Yield to maturity4.183%Jun 30, 2026Yield to maturity4.197%Jul 7, 2026Yield to maturity4.265%Jul 13, 2026Yield to maturity4.358%Jul 17, 2026Yield to maturity4.268%Jul 23, 2026Yield to maturity4.451%Jul 29, 2026Yield to maturity4.353%Aug 4, 2026Yield to maturity4.311%Aug 10, 2026Yield to maturity4.382%Aug 14, 2026Yield to maturity4.331%Aug 20, 2026Yield to maturity4.346%Aug 26, 2026Yield to maturity4.353%Sep 1, 2026Yield to maturity4.524%Sep 8, 2026Yield to maturity4.539%Sep 14, 2026Yield to maturity4.781%Sep 18, 2026Yield to maturity4.865%Sep 24, 2026Yield to maturity5.036%Sep 30, 2026Yield to maturity5.062%Oct 6, 2026Yield to maturity4.994%Oct 13, 2026Yield to maturity4.986%Oct 19, 2026Yield to maturity4.926%Oct 23, 2026Yield to maturity4.797%Oct 29, 2026Yield to maturity4.771%Nov 4, 2026Yield to maturity4.666%Nov 9, 2026Yield to maturity4.657%

Price history

756 trading days to Nov 9, 2026

98100102104106108Oct 31, 2023Nov 9, 2026Oct 31, 2023Close99.906Nov 6, 2023Close101.281Nov 10, 2023Close101.156Nov 16, 2023Close102.406Nov 22, 2023Close102.438Nov 29, 2023Close103.469Dec 5, 2023Close104.000Dec 11, 2023Close103.500Dec 15, 2023Close105.594Dec 21, 2023Close105.750Dec 28, 2023Close106.000Jan 4, 2024Close105.156Jan 10, 2024Close105.000Jan 17, 2024Close104.688Jan 23, 2024Close104.469Jan 29, 2024Close104.906Feb 2, 2024Close104.938Feb 8, 2024Close104.125Feb 14, 2024Close103.375Feb 21, 2024Close103.031Feb 27, 2024Close103.000Mar 4, 2024Close103.594Mar 8, 2024Close104.531Mar 14, 2024Close103.156Mar 20, 2024Close103.375Mar 26, 2024Close103.531Apr 2, 2024Close102.781Apr 8, 2024Close102.406Apr 12, 2024Close101.844Apr 18, 2024Close101.094Apr 24, 2024Close101.156Apr 30, 2024Close100.844May 6, 2024Close102.125May 10, 2024Close101.969May 16, 2024Close102.656May 22, 2024Close102.313May 29, 2024Close101.250Jun 4, 2024Close102.906Jun 10, 2024Close102.156Jun 14, 2024Close103.594Jun 21, 2024Close103.344Jun 27, 2024Close103.125Jul 3, 2024Close102.938Jul 10, 2024Close103.406Jul 16, 2024Close104.188Jul 22, 2024Close103.688Jul 26, 2024Close104.156Aug 1, 2024Close105.469Aug 7, 2024Close105.656Aug 13, 2024Close106.313Aug 19, 2024Close105.969Aug 23, 2024Close106.438Aug 29, 2024Close106.125Sep 5, 2024Close106.938Sep 11, 2024Close107.438Sep 17, 2024Close107.469Sep 23, 2024Close107.000Sep 27, 2024Close107.031Oct 3, 2024Close106.406Oct 9, 2024Close104.938Oct 16, 2024Close105.188Oct 22, 2024Close104.281Oct 28, 2024Close103.750Nov 1, 2024Close103.156Nov 7, 2024Close103.406Nov 14, 2024Close102.656Nov 20, 2024Close102.875Nov 26, 2024Close103.344Dec 3, 2024Close103.719Dec 9, 2024Close103.938Dec 13, 2024Close102.938Dec 19, 2024Close102.000Dec 26, 2024Close102.063Jan 2, 2025Close102.281Jan 8, 2025Close101.844Jan 14, 2025Close101.156Jan 21, 2025Close102.188Jan 27, 2025Close102.469Jan 31, 2025Close102.250Feb 6, 2025Close102.781Feb 12, 2025Close101.750Feb 19, 2025Close102.281Feb 25, 2025Close103.500Mar 3, 2025Close104.281Mar 7, 2025Close103.625Mar 13, 2025Close103.906Mar 19, 2025Close103.938Mar 25, 2025Close103.750Mar 31, 2025Close104.250Apr 4, 2025Close105.469Apr 10, 2025Close103.750Apr 16, 2025Close104.469Apr 23, 2025Close103.875Apr 29, 2025Close105.063May 5, 2025Close104.219May 9, 2025Close103.969May 15, 2025Close103.625May 21, 2025Close103.188May 28, 2025Close103.594Jun 3, 2025Close103.750Jun 9, 2025Close103.469Jun 13, 2025Close103.875Jun 20, 2025Close104.094Jun 26, 2025Close104.938Jul 2, 2025Close104.594Jul 9, 2025Close104.344Jul 15, 2025Close103.719Jul 21, 2025Close104.375Jul 25, 2025Close104.188Jul 31, 2025Close104.156Aug 6, 2025Close105.094Aug 12, 2025Close104.781Aug 18, 2025Close104.625Aug 22, 2025Close105.031Aug 28, 2025Close105.313Sep 4, 2025Close105.563Sep 10, 2025Close105.844Sep 16, 2025Close105.844Sep 22, 2025Close105.281Sep 26, 2025Close104.938Oct 2, 2025Close105.438Oct 8, 2025Close105.188Oct 15, 2025Close105.625Oct 21, 2025Close105.906Oct 27, 2025Close105.656Oct 31, 2025Close105.219Nov 6, 2025Close105.313Nov 13, 2025Close105.219Nov 19, 2025Close105.219Nov 25, 2025Close105.813Dec 2, 2025Close105.406Dec 8, 2025Close104.969Dec 12, 2025Close104.969Dec 18, 2025Close105.344Dec 24, 2025Close105.063Dec 31, 2025Close105.063Jan 7, 2026Close105.188Jan 13, 2026Close104.969Jan 20, 2026Close104.438Jan 26, 2026Close104.594Jan 30, 2026Close104.719Feb 5, 2026Close104.938Feb 11, 2026Close104.906Feb 18, 2026Close105.281Feb 24, 2026Close105.500Mar 2, 2026Close105.375Mar 6, 2026Close104.906Mar 12, 2026Close104.219Mar 18, 2026Close104.250Mar 24, 2026Close103.500Mar 30, 2026Close103.781Apr 3, 2026Close103.688Apr 9, 2026Close104.000Apr 15, 2026Close104.063Apr 21, 2026Close104.000Apr 27, 2026Close103.844May 1, 2026Close103.531May 7, 2026Close103.406May 13, 2026Close103.094May 19, 2026Close102.250May 26, 2026Close102.781Jun 1, 2026Close102.781Jun 5, 2026Close102.375Jun 11, 2026Close102.813Jun 17, 2026Close102.375Jun 24, 2026Close102.719Jun 30, 2026Close102.656Jul 7, 2026Close102.375Jul 13, 2026Close102.000Jul 17, 2026Close102.344Jul 23, 2026Close101.625Jul 29, 2026Close102.000Aug 4, 2026Close102.156Aug 10, 2026Close101.875Aug 14, 2026Close102.063Aug 20, 2026Close102.000Aug 26, 2026Close101.969Sep 1, 2026Close101.313Sep 8, 2026Close101.250Sep 14, 2026Close100.344Sep 18, 2026Close100.031Sep 24, 2026Close99.406Sep 30, 2026Close99.313Oct 6, 2026Close99.563Oct 13, 2026Close99.594Oct 19, 2026Close99.813Oct 23, 2026Close100.281Oct 29, 2026Close100.375Nov 4, 2026Close100.750Nov 9, 2026Close100.781
The most recent 20 trading days of prices for 91282CJG7.
DateBidOfferClose
Nov 9, 2026100.781100.797100.781
Nov 6, 2026100.875100.891100.875
Nov 5, 2026100.938100.953101.063
Nov 4, 2026100.656100.672100.750
Nov 3, 2026100.563100.594100.531
Nov 2, 2026100.719100.734100.656
Oct 30, 2026100.531100.547100.625
Oct 29, 2026100.375100.406100.375
Oct 28, 2026100.031100.047100.094
Oct 27, 2026100.188100.203100.156
Oct 26, 2026100.188100.219100.188
Oct 23, 2026100.250100.266100.281
Oct 22, 2026100.188100.203100.375
Oct 21, 202699.84499.85999.750
Oct 20, 202699.87599.90699.813
Oct 19, 202699.84499.87599.813
Oct 16, 2026100.000100.016100.000
Oct 15, 202699.87599.90699.906
Oct 14, 202699.37599.40699.594
Oct 13, 202699.56399.57899.594

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 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.

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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.