Treasury note

91282CJQ5 · 3.75% due December 31, 2030

Original term
7-Year
Maturity
Dec 31, 2030
Coupon
3.750%
Pays
Semi-Annual
Dated
Dec 31, 2023
First coupon
Jun 30, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$39.44bn
Held stripped
$5.6m
Share stripped
0.01%

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
4.663%
Modified duration
3.727 yr
DV01
0.0365
Convexity
0.165
Dirty price
97.949

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
1.65
2.05
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 3.814 years against a modified duration of 3.727.

Against the fitted curve

Priced 0.4 bp rich to the curve on that day, 1.48 cents per 100 of face.

That is -0.67 standard deviations from its own typical residual.

Yield to maturity, 714 observations

3.0%3.5%4.0%4.5%5.0%5.5%Jan 2, 2024Nov 9, 2026Jan 2, 2024Yield to maturity3.951%Jan 5, 2024Yield to maturity4.040%Jan 10, 2024Yield to maturity4.014%Jan 16, 2024Yield to maturity4.009%Jan 19, 2024Yield to maturity4.121%Jan 24, 2024Yield to maturity4.142%Jan 29, 2024Yield to maturity4.032%Feb 1, 2024Yield to maturity3.838%Feb 6, 2024Yield to maturity4.075%Feb 9, 2024Yield to maturity4.176%Feb 14, 2024Yield to maturity4.279%Feb 20, 2024Yield to maturity4.280%Feb 23, 2024Yield to maturity4.292%Feb 28, 2024Yield to maturity4.292%Mar 4, 2024Yield to maturity4.239%Mar 7, 2024Yield to maturity4.099%Mar 12, 2024Yield to maturity4.170%Mar 15, 2024Yield to maturity4.334%Mar 20, 2024Yield to maturity4.274%Mar 25, 2024Yield to maturity4.253%Mar 28, 2024Yield to maturity4.221%Apr 3, 2024Yield to maturity4.360%Apr 8, 2024Yield to maturity4.433%Apr 11, 2024Yield to maturity4.607%Apr 16, 2024Yield to maturity4.693%Apr 19, 2024Yield to maturity4.649%Apr 24, 2024Yield to maturity4.667%Apr 29, 2024Yield to maturity4.652%May 2, 2024Yield to maturity4.579%May 7, 2024Yield to maturity4.468%May 10, 2024Yield to maturity4.515%May 15, 2024Yield to maturity4.358%May 20, 2024Yield to maturity4.455%May 23, 2024Yield to maturity4.506%May 29, 2024Yield to maturity4.639%Jun 3, 2024Yield to maturity4.419%Jun 6, 2024Yield to maturity4.290%Jun 11, 2024Yield to maturity4.404%Jun 14, 2024Yield to maturity4.219%Jun 20, 2024Yield to maturity4.259%Jun 25, 2024Yield to maturity4.249%Jun 28, 2024Yield to maturity4.346%Jul 3, 2024Yield to maturity4.336%Jul 9, 2024Yield to maturity4.257%Jul 12, 2024Yield to maturity4.128%Jul 17, 2024Yield to maturity4.094%Jul 22, 2024Yield to maturity4.202%Jul 25, 2024Yield to maturity4.192%Jul 30, 2024Yield to maturity4.068%Aug 2, 2024Yield to maturity3.672%Aug 7, 2024Yield to maturity3.850%Aug 12, 2024Yield to maturity3.799%Aug 15, 2024Yield to maturity3.833%Aug 20, 2024Yield to maturity3.744%Aug 23, 2024Yield to maturity3.710%Aug 28, 2024Yield to maturity3.733%Sep 3, 2024Yield to maturity3.721%Sep 6, 2024Yield to maturity3.582%Sep 11, 2024Yield to maturity3.521%Sep 16, 2024Yield to maturity3.493%Sep 19, 2024Yield to maturity3.587%Sep 24, 2024Yield to maturity3.570%Sep 27, 2024Yield to maturity3.592%Oct 2, 2024Yield to maturity3.631%Oct 7, 2024Yield to maturity3.920%Oct 10, 2024Yield to maturity3.978%Oct 16, 2024Yield to maturity3.909%Oct 21, 2024Yield to maturity4.049%Oct 24, 2024Yield to maturity4.096%Oct 29, 2024Yield to maturity4.172%Nov 1, 2024Yield to maturity4.280%Nov 6, 2024Yield to maturity4.346%Nov 12, 2024Yield to maturity4.371%Nov 15, 2024Yield to maturity4.354%Nov 20, 2024Yield to maturity4.331%Nov 25, 2024Yield to maturity4.207%Nov 29, 2024Yield to maturity4.101%Dec 4, 2024Yield to maturity4.119%Dec 9, 2024Yield to maturity4.114%Dec 12, 2024Yield to maturity4.228%Dec 17, 2024Yield to maturity4.308%Dec 20, 2024Yield to maturity4.424%Dec 26, 2024Yield to maturity4.480%Dec 31, 2024Yield to maturity4.452%Jan 6, 2025Yield to maturity4.484%Jan 9, 2025Yield to maturity4.534%Jan 14, 2025Yield to maturity4.660%Jan 17, 2025Yield to maturity4.481%Jan 23, 2025Yield to maturity4.513%Jan 28, 2025Yield to maturity4.403%Jan 31, 2025Yield to maturity4.436%Feb 5, 2025Yield to maturity4.300%Feb 10, 2025Yield to maturity4.394%Feb 13, 2025Yield to maturity4.439%Feb 19, 2025Yield to maturity4.428%Feb 24, 2025Yield to maturity4.286%Feb 27, 2025Yield to maturity4.157%Mar 4, 2025Yield to maturity4.072%Mar 7, 2025Yield to maturity4.159%Mar 12, 2025Yield to maturity4.153%Mar 17, 2025Yield to maturity4.172%Mar 20, 2025Yield to maturity4.074%Mar 25, 2025Yield to maturity4.130%Mar 28, 2025Yield to maturity4.056%Apr 2, 2025Yield to maturity4.013%Apr 7, 2025Yield to maturity3.890%Apr 10, 2025Yield to maturity4.127%Apr 15, 2025Yield to maturity4.071%Apr 21, 2025Yield to maturity4.072%Apr 24, 2025Yield to maturity4.022%Apr 29, 2025Yield to maturity3.861%May 2, 2025Yield to maturity4.005%May 7, 2025Yield to maturity3.949%May 12, 2025Yield to maturity4.170%May 15, 2025Yield to maturity4.139%May 20, 2025Yield to maturity4.146%May 23, 2025Yield to maturity4.160%May 29, 2025Yield to maturity4.084%Jun 3, 2025Yield to maturity4.110%Jun 6, 2025Yield to maturity4.201%Jun 11, 2025Yield to maturity4.086%Jun 16, 2025Yield to maturity4.106%Jun 20, 2025Yield to maturity4.030%Jun 25, 2025Yield to maturity3.909%Jun 30, 2025Yield to maturity3.852%Jul 3, 2025Yield to maturity3.993%Jul 9, 2025Yield to maturity3.968%Jul 14, 2025Yield to maturity4.039%Jul 17, 2025Yield to maturity4.066%Jul 22, 2025Yield to maturity3.936%Jul 25, 2025Yield to maturity4.002%Jul 30, 2025Yield to maturity4.015%Aug 4, 2025Yield to maturity3.795%Aug 7, 2025Yield to maturity3.840%Aug 12, 2025Yield to maturity3.873%Aug 15, 2025Yield to maturity3.892%Aug 20, 2025Yield to maturity3.853%Aug 25, 2025Yield to maturity3.841%Aug 28, 2025Yield to maturity3.749%Sep 3, 2025Yield to maturity3.743%Sep 8, 2025Yield to maturity3.612%Sep 11, 2025Yield to maturity3.618%Sep 16, 2025Yield to maturity3.631%Sep 19, 2025Yield to maturity3.723%Sep 24, 2025Yield to maturity3.756%Sep 29, 2025Yield to maturity3.776%Oct 2, 2025Yield to maturity3.703%Oct 7, 2025Yield to maturity3.742%Oct 10, 2025Yield to maturity3.676%Oct 16, 2025Yield to maturity3.577%Oct 21, 2025Yield to maturity3.589%Oct 24, 2025Yield to maturity3.629%Oct 29, 2025Yield to maturity3.729%Nov 3, 2025Yield to maturity3.742%Nov 6, 2025Yield to maturity3.709%Nov 12, 2025Yield to maturity3.689%Nov 17, 2025Yield to maturity3.743%Nov 20, 2025Yield to maturity3.695%Nov 25, 2025Yield to maturity3.594%Dec 1, 2025Yield to maturity3.695%Dec 4, 2025Yield to maturity3.702%Dec 9, 2025Yield to maturity3.791%Dec 12, 2025Yield to maturity3.763%Dec 17, 2025Yield to maturity3.715%Dec 22, 2025Yield to maturity3.729%Dec 26, 2025Yield to maturity3.702%Dec 31, 2025Yield to maturity3.736%Jan 6, 2026Yield to maturity3.722%Jan 9, 2026Yield to maturity3.764%Jan 14, 2026Yield to maturity3.722%Jan 20, 2026Yield to maturity3.869%Jan 23, 2026Yield to maturity3.841%Jan 28, 2026Yield to maturity3.848%Feb 2, 2026Yield to maturity3.834%Feb 5, 2026Yield to maturity3.742%Feb 10, 2026Yield to maturity3.707%Feb 13, 2026Yield to maturity3.608%Feb 19, 2026Yield to maturity3.650%Feb 24, 2026Yield to maturity3.607%Feb 27, 2026Yield to maturity3.529%Mar 4, 2026Yield to maturity3.678%Mar 9, 2026Yield to maturity3.713%Mar 12, 2026Yield to maturity3.886%Mar 17, 2026Yield to maturity3.792%Mar 20, 2026Yield to maturity4.025%Mar 25, 2026Yield to maturity3.989%Mar 30, 2026Yield to maturity3.982%Apr 2, 2026Yield to maturity3.946%Apr 7, 2026Yield to maturity3.961%Apr 10, 2026Yield to maturity3.939%Apr 15, 2026Yield to maturity3.896%Apr 20, 2026Yield to maturity3.852%Apr 23, 2026Yield to maturity3.963%Apr 28, 2026Yield to maturity3.986%May 1, 2026Yield to maturity4.024%May 6, 2026Yield to maturity3.994%May 11, 2026Yield to maturity4.070%May 14, 2026Yield to maturity4.131%May 19, 2026Yield to maturity4.323%May 22, 2026Yield to maturity4.263%May 28, 2026Yield to maturity4.157%Jun 2, 2026Yield to maturity4.174%Jun 5, 2026Yield to maturity4.290%Jun 10, 2026Yield to maturity4.268%Jun 15, 2026Yield to maturity4.185%Jun 18, 2026Yield to maturity4.233%Jun 24, 2026Yield to maturity4.187%Jun 29, 2026Yield to maturity4.142%Jul 2, 2026Yield to maturity4.237%Jul 8, 2026Yield to maturity4.308%Jul 13, 2026Yield to maturity4.365%Jul 16, 2026Yield to maturity4.271%Jul 21, 2026Yield to maturity4.367%Jul 24, 2026Yield to maturity4.425%Jul 29, 2026Yield to maturity4.370%Aug 3, 2026Yield to maturity4.387%Aug 6, 2026Yield to maturity4.388%Aug 11, 2026Yield to maturity4.374%Aug 14, 2026Yield to maturity4.344%Aug 19, 2026Yield to maturity4.337%Aug 24, 2026Yield to maturity4.395%Aug 27, 2026Yield to maturity4.380%Sep 1, 2026Yield to maturity4.545%Sep 4, 2026Yield to maturity4.531%Sep 10, 2026Yield to maturity4.730%Sep 15, 2026Yield to maturity4.817%Sep 18, 2026Yield to maturity4.878%Sep 23, 2026Yield to maturity5.007%Sep 28, 2026Yield to maturity5.070%Oct 1, 2026Yield to maturity4.996%Oct 6, 2026Yield to maturity5.008%Oct 9, 2026Yield to maturity5.013%Oct 15, 2026Yield to maturity4.912%Oct 20, 2026Yield to maturity4.933%Oct 23, 2026Yield to maturity4.808%Oct 28, 2026Yield to maturity4.862%Nov 2, 2026Yield to maturity4.702%Nov 5, 2026Yield to maturity4.593%Nov 9, 2026Yield to maturity4.663%

Price history

714 trading days to Nov 9, 2026

949698100102Jan 2, 2024Nov 9, 2026Jan 2, 2024Close98.781Jan 5, 2024Close98.250Jan 10, 2024Close98.406Jan 16, 2024Close98.438Jan 19, 2024Close97.781Jan 24, 2024Close97.656Jan 29, 2024Close98.313Feb 1, 2024Close99.469Feb 6, 2024Close98.063Feb 9, 2024Close97.469Feb 14, 2024Close96.875Feb 20, 2024Close96.875Feb 23, 2024Close96.813Feb 28, 2024Close96.813Mar 4, 2024Close97.125Mar 7, 2024Close97.938Mar 12, 2024Close97.531Mar 15, 2024Close96.594Mar 20, 2024Close96.938Mar 25, 2024Close97.063Mar 28, 2024Close97.250Apr 3, 2024Close96.469Apr 8, 2024Close96.063Apr 11, 2024Close95.094Apr 16, 2024Close94.625Apr 19, 2024Close94.875Apr 24, 2024Close94.781Apr 29, 2024Close94.875May 2, 2024Close95.281May 7, 2024Close95.906May 10, 2024Close95.656May 15, 2024Close96.531May 20, 2024Close96.000May 23, 2024Close95.719May 29, 2024Close95.000Jun 3, 2024Close96.219Jun 6, 2024Close96.938Jun 11, 2024Close96.313Jun 14, 2024Close97.344Jun 20, 2024Close97.125Jun 25, 2024Close97.188Jun 28, 2024Close96.656Jul 3, 2024Close96.719Jul 9, 2024Close97.156Jul 12, 2024Close97.875Jul 17, 2024Close98.063Jul 22, 2024Close97.469Jul 25, 2024Close97.531Jul 30, 2024Close98.219Aug 2, 2024Close100.438Aug 7, 2024Close99.438Aug 12, 2024Close99.719Aug 15, 2024Close99.531Aug 20, 2024Close100.031Aug 23, 2024Close100.219Aug 28, 2024Close100.094Sep 3, 2024Close100.156Sep 6, 2024Close100.938Sep 11, 2024Close101.281Sep 16, 2024Close101.438Sep 19, 2024Close100.906Sep 24, 2024Close101.000Sep 27, 2024Close100.875Oct 2, 2024Close100.656Oct 7, 2024Close99.063Oct 10, 2024Close98.750Oct 16, 2024Close99.125Oct 21, 2024Close98.375Oct 24, 2024Close98.125Oct 29, 2024Close97.719Nov 1, 2024Close97.156Nov 6, 2024Close96.813Nov 12, 2024Close96.688Nov 15, 2024Close96.781Nov 20, 2024Close96.906Nov 25, 2024Close97.563Nov 29, 2024Close98.125Dec 4, 2024Close98.031Dec 9, 2024Close98.063Dec 12, 2024Close97.469Dec 17, 2024Close97.063Dec 20, 2024Close96.469Dec 26, 2024Close96.188Dec 31, 2024Close96.344Jan 6, 2025Close96.188Jan 9, 2025Close95.938Jan 14, 2025Close95.313Jan 17, 2025Close96.219Jan 23, 2025Close96.063Jan 28, 2025Close96.625Jan 31, 2025Close96.469Feb 5, 2025Close97.156Feb 10, 2025Close96.688Feb 13, 2025Close96.469Feb 19, 2025Close96.531Feb 24, 2025Close97.250Feb 27, 2025Close97.906Mar 4, 2025Close98.344Mar 7, 2025Close97.906Mar 12, 2025Close97.938Mar 17, 2025Close97.844Mar 20, 2025Close98.344Mar 25, 2025Close98.063Mar 28, 2025Close98.438Apr 2, 2025Close98.656Apr 7, 2025Close99.281Apr 10, 2025Close98.094Apr 15, 2025Close98.375Apr 21, 2025Close98.375Apr 24, 2025Close98.625Apr 29, 2025Close99.438May 2, 2025Close98.719May 7, 2025Close99.000May 12, 2025Close97.906May 15, 2025Close98.063May 20, 2025Close98.031May 23, 2025Close97.969May 29, 2025Close98.344Jun 3, 2025Close98.219Jun 6, 2025Close97.781Jun 11, 2025Close98.344Jun 16, 2025Close98.250Jun 20, 2025Close98.625Jun 25, 2025Close99.219Jun 30, 2025Close99.500Jul 3, 2025Close98.813Jul 9, 2025Close98.938Jul 14, 2025Close98.594Jul 17, 2025Close98.469Jul 22, 2025Close99.094Jul 25, 2025Close98.781Jul 30, 2025Close98.719Aug 4, 2025Close99.781Aug 7, 2025Close99.563Aug 12, 2025Close99.406Aug 15, 2025Close99.313Aug 20, 2025Close99.500Aug 25, 2025Close99.563Aug 28, 2025Close100.000Sep 3, 2025Close100.031Sep 8, 2025Close100.656Sep 11, 2025Close100.625Sep 16, 2025Close100.563Sep 19, 2025Close100.125Sep 24, 2025Close99.969Sep 29, 2025Close99.875Oct 2, 2025Close100.219Oct 7, 2025Close100.031Oct 10, 2025Close100.344Oct 16, 2025Close100.813Oct 21, 2025Close100.750Oct 24, 2025Close100.563Oct 29, 2025Close100.094Nov 3, 2025Close100.031Nov 6, 2025Close100.188Nov 12, 2025Close100.281Nov 17, 2025Close100.031Nov 20, 2025Close100.250Nov 25, 2025Close100.719Dec 1, 2025Close100.250Dec 4, 2025Close100.219Dec 9, 2025Close99.813Dec 12, 2025Close99.938Dec 17, 2025Close100.156Dec 22, 2025Close100.094Dec 26, 2025Close100.219Dec 31, 2025Close100.063Jan 6, 2026Close100.125Jan 9, 2026Close99.938Jan 14, 2026Close100.125Jan 20, 2026Close99.469Jan 23, 2026Close99.594Jan 28, 2026Close99.563Feb 2, 2026Close99.625Feb 5, 2026Close100.031Feb 10, 2026Close100.188Feb 13, 2026Close100.625Feb 19, 2026Close100.438Feb 24, 2026Close100.625Feb 27, 2026Close100.969Mar 4, 2026Close100.313Mar 9, 2026Close100.156Mar 12, 2026Close99.406Mar 17, 2026Close99.813Mar 20, 2026Close98.813Mar 25, 2026Close98.969Mar 30, 2026Close99.000Apr 2, 2026Close99.156Apr 7, 2026Close99.094Apr 10, 2026Close99.188Apr 15, 2026Close99.375Apr 20, 2026Close99.563Apr 23, 2026Close99.094Apr 28, 2026Close99.000May 1, 2026Close98.844May 6, 2026Close98.969May 11, 2026Close98.656May 14, 2026Close98.406May 19, 2026Close97.625May 22, 2026Close97.875May 28, 2026Close98.313Jun 2, 2026Close98.250Jun 5, 2026Close97.781Jun 10, 2026Close97.875Jun 15, 2026Close98.219Jun 18, 2026Close98.031Jun 24, 2026Close98.219Jun 29, 2026Close98.406Jul 2, 2026Close98.031Jul 8, 2026Close97.750Jul 13, 2026Close97.531Jul 16, 2026Close97.906Jul 21, 2026Close97.531Jul 24, 2026Close97.313Jul 29, 2026Close97.531Aug 3, 2026Close97.469Aug 6, 2026Close97.469Aug 11, 2026Close97.531Aug 14, 2026Close97.656Aug 19, 2026Close97.688Aug 24, 2026Close97.469Aug 27, 2026Close97.531Sep 1, 2026Close96.906Sep 4, 2026Close96.969Sep 10, 2026Close96.219Sep 15, 2026Close95.906Sep 18, 2026Close95.688Sep 23, 2026Close95.219Sep 28, 2026Close95.000Oct 1, 2026Close95.281Oct 6, 2026Close95.250Oct 9, 2026Close95.250Oct 15, 2026Close95.625Oct 20, 2026Close95.563Oct 23, 2026Close96.031Oct 28, 2026Close95.844Nov 2, 2026Close96.438Nov 5, 2026Close96.844Nov 9, 2026Close96.594
The most recent 20 trading days of prices for 91282CJQ5.
DateBidOfferClose
Nov 9, 202696.56396.59496.594
Nov 6, 202696.65696.67296.688
Nov 5, 202696.71996.73496.844
Nov 4, 202696.43896.45396.500
Nov 3, 202696.34496.35996.313
Nov 2, 202696.46996.50096.438
Oct 30, 202696.28196.29796.406
Oct 29, 202696.12596.15696.125
Oct 28, 202695.78195.79795.844
Oct 27, 202695.93895.96995.906
Oct 26, 202695.96995.98495.938
Oct 23, 202696.00096.01696.031
Oct 22, 202695.93895.95396.125
Oct 21, 202695.56395.59495.500
Oct 20, 202695.62595.64195.563
Oct 19, 202695.59495.60995.563
Oct 16, 202695.75095.76695.719
Oct 15, 202695.62595.64195.625
Oct 14, 202695.09495.10995.313
Oct 13, 202695.28195.29795.313

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 91282CJQ5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 28, 2023Jan 2, 2024New issue$40.0bn$40.0bn2.50x3.859%

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.