Treasury note

91282CJT9 · 4% due January 15, 2027

Original term
3-Year
Maturity
Jan 15, 2027
Coupon
4.000%
Pays
Semi-Annual
Dated
Jan 15, 2024
First coupon
Jul 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$51.12bn
Held stripped
$48.5m
Share stripped
0.09%

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
4.123%
Modified duration
0.178 yr
DV01
0.0018
Convexity
0.000634
Dirty price
101.251

Where its rate sensitivity sits

0.18
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 8.0 bp rich to the curve on that day, 1.44 cents per 100 of face.

That is -0.45 standard deviations from its own typical residual.

Yield to maturity, 705 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Jan 16, 2024Nov 9, 2026Jan 16, 2024Yield to maturity4.022%Jan 19, 2024Yield to maturity4.180%Jan 24, 2024Yield to maturity4.192%Jan 29, 2024Yield to maturity4.101%Feb 1, 2024Yield to maturity3.965%Feb 6, 2024Yield to maturity4.193%Feb 9, 2024Yield to maturity4.286%Feb 14, 2024Yield to maturity4.391%Feb 20, 2024Yield to maturity4.405%Feb 23, 2024Yield to maturity4.477%Feb 28, 2024Yield to maturity4.455%Mar 4, 2024Yield to maturity4.409%Mar 7, 2024Yield to maturity4.304%Mar 12, 2024Yield to maturity4.388%Mar 15, 2024Yield to maturity4.546%Mar 20, 2024Yield to maturity4.439%Mar 25, 2024Yield to maturity4.429%Mar 28, 2024Yield to maturity4.454%Apr 3, 2024Yield to maturity4.530%Apr 8, 2024Yield to maturity4.643%Apr 11, 2024Yield to maturity4.817%Apr 16, 2024Yield to maturity4.871%Apr 19, 2024Yield to maturity4.850%Apr 24, 2024Yield to maturity4.828%Apr 29, 2024Yield to maturity4.857%May 2, 2024Yield to maturity4.758%May 7, 2024Yield to maturity4.686%May 10, 2024Yield to maturity4.728%May 15, 2024Yield to maturity4.577%May 20, 2024Yield to maturity4.682%May 23, 2024Yield to maturity4.774%May 29, 2024Yield to maturity4.844%Jun 3, 2024Yield to maturity4.692%Jun 6, 2024Yield to maturity4.577%Jun 11, 2024Yield to maturity4.685%Jun 14, 2024Yield to maturity4.531%Jun 20, 2024Yield to maturity4.560%Jun 25, 2024Yield to maturity4.550%Jun 28, 2024Yield to maturity4.619%Jul 3, 2024Yield to maturity4.582%Jul 9, 2024Yield to maturity4.505%Jul 12, 2024Yield to maturity4.333%Jul 17, 2024Yield to maturity4.307%Jul 22, 2024Yield to maturity4.403%Jul 25, 2024Yield to maturity4.364%Jul 30, 2024Yield to maturity4.270%Aug 2, 2024Yield to maturity3.796%Aug 7, 2024Yield to maturity3.945%Aug 12, 2024Yield to maturity3.931%Aug 15, 2024Yield to maturity3.999%Aug 20, 2024Yield to maturity3.889%Aug 23, 2024Yield to maturity3.819%Aug 28, 2024Yield to maturity3.818%Sep 3, 2024Yield to maturity3.817%Sep 6, 2024Yield to maturity3.606%Sep 11, 2024Yield to maturity3.563%Sep 16, 2024Yield to maturity3.504%Sep 19, 2024Yield to maturity3.545%Sep 24, 2024Yield to maturity3.500%Sep 27, 2024Yield to maturity3.540%Oct 2, 2024Yield to maturity3.610%Oct 7, 2024Yield to maturity3.969%Oct 10, 2024Yield to maturity3.969%Oct 16, 2024Yield to maturity3.910%Oct 21, 2024Yield to maturity3.998%Oct 24, 2024Yield to maturity4.057%Oct 29, 2024Yield to maturity4.102%Nov 1, 2024Yield to maturity4.193%Nov 6, 2024Yield to maturity4.255%Nov 12, 2024Yield to maturity4.333%Nov 15, 2024Yield to maturity4.304%Nov 20, 2024Yield to maturity4.305%Nov 25, 2024Yield to maturity4.261%Nov 29, 2024Yield to maturity4.169%Dec 4, 2024Yield to maturity4.139%Dec 9, 2024Yield to maturity4.140%Dec 12, 2024Yield to maturity4.204%Dec 17, 2024Yield to maturity4.253%Dec 20, 2024Yield to maturity4.319%Dec 26, 2024Yield to maturity4.353%Dec 31, 2024Yield to maturity4.275%Jan 6, 2025Yield to maturity4.277%Jan 9, 2025Yield to maturity4.278%Jan 14, 2025Yield to maturity4.379%Jan 17, 2025Yield to maturity4.299%Jan 23, 2025Yield to maturity4.300%Jan 28, 2025Yield to maturity4.217%Jan 31, 2025Yield to maturity4.235%Feb 5, 2025Yield to maturity4.185%Feb 10, 2025Yield to maturity4.289%Feb 13, 2025Yield to maturity4.324%Feb 19, 2025Yield to maturity4.292%Feb 24, 2025Yield to maturity4.172%Feb 27, 2025Yield to maturity4.085%Mar 4, 2025Yield to maturity3.980%Mar 7, 2025Yield to maturity4.015%Mar 12, 2025Yield to maturity4.015%Mar 17, 2025Yield to maturity4.069%Mar 20, 2025Yield to maturity3.979%Mar 25, 2025Yield to maturity4.033%Mar 28, 2025Yield to maturity3.961%Apr 2, 2025Yield to maturity3.961%Apr 7, 2025Yield to maturity3.776%Apr 10, 2025Yield to maturity3.905%Apr 15, 2025Yield to maturity3.904%Apr 21, 2025Yield to maturity3.809%Apr 24, 2025Yield to maturity3.865%Apr 29, 2025Yield to maturity3.731%May 2, 2025Yield to maturity3.882%May 7, 2025Yield to maturity3.843%May 12, 2025Yield to maturity4.056%May 15, 2025Yield to maturity4.017%May 20, 2025Yield to maturity4.037%May 23, 2025Yield to maturity4.057%May 29, 2025Yield to maturity4.038%Jun 3, 2025Yield to maturity4.038%Jun 6, 2025Yield to maturity4.100%Jun 11, 2025Yield to maturity4.019%Jun 16, 2025Yield to maturity4.040%Jun 20, 2025Yield to maturity3.978%Jun 25, 2025Yield to maturity3.894%Jun 30, 2025Yield to maturity3.830%Jul 3, 2025Yield to maturity3.999%Jul 9, 2025Yield to maturity3.957%Jul 14, 2025Yield to maturity4.000%Jul 17, 2025Yield to maturity4.022%Jul 22, 2025Yield to maturity3.934%Jul 25, 2025Yield to maturity3.999%Jul 30, 2025Yield to maturity4.043%Aug 4, 2025Yield to maturity3.796%Aug 7, 2025Yield to maturity3.840%Aug 12, 2025Yield to maturity3.816%Aug 15, 2025Yield to maturity3.860%Aug 20, 2025Yield to maturity3.836%Aug 25, 2025Yield to maturity3.834%Aug 28, 2025Yield to maturity3.786%Sep 3, 2025Yield to maturity3.760%Sep 8, 2025Yield to maturity3.614%Sep 11, 2025Yield to maturity3.635%Sep 16, 2025Yield to maturity3.632%Sep 19, 2025Yield to maturity3.652%Sep 24, 2025Yield to maturity3.699%Sep 29, 2025Yield to maturity3.696%Oct 2, 2025Yield to maturity3.619%Oct 7, 2025Yield to maturity3.666%Oct 10, 2025Yield to maturity3.585%Oct 16, 2025Yield to maturity3.505%Oct 21, 2025Yield to maturity3.551%Oct 24, 2025Yield to maturity3.573%Oct 29, 2025Yield to maturity3.676%Nov 3, 2025Yield to maturity3.700%Nov 6, 2025Yield to maturity3.644%Nov 12, 2025Yield to maturity3.639%Nov 17, 2025Yield to maturity3.690%Nov 20, 2025Yield to maturity3.633%Nov 25, 2025Yield to maturity3.572%Dec 1, 2025Yield to maturity3.623%Dec 4, 2025Yield to maturity3.621%Dec 9, 2025Yield to maturity3.646%Dec 12, 2025Yield to maturity3.553%Dec 17, 2025Yield to maturity3.520%Dec 22, 2025Yield to maturity3.545%Dec 26, 2025Yield to maturity3.538%Dec 31, 2025Yield to maturity3.534%Jan 6, 2026Yield to maturity3.528%Jan 9, 2026Yield to maturity3.554%Jan 14, 2026Yield to maturity3.551%Jan 20, 2026Yield to maturity3.575%Jan 23, 2026Yield to maturity3.569%Jan 28, 2026Yield to maturity3.598%Feb 2, 2026Yield to maturity3.558%Feb 5, 2026Yield to maturity3.520%Feb 10, 2026Yield to maturity3.513%Feb 13, 2026Yield to maturity3.504%Feb 19, 2026Yield to maturity3.570%Feb 24, 2026Yield to maturity3.563%Feb 27, 2026Yield to maturity3.556%Mar 4, 2026Yield to maturity3.625%Mar 9, 2026Yield to maturity3.657%Mar 12, 2026Yield to maturity3.729%Mar 17, 2026Yield to maturity3.647%Mar 20, 2026Yield to maturity3.876%Mar 25, 2026Yield to maturity3.835%Mar 30, 2026Yield to maturity3.792%Apr 2, 2026Yield to maturity3.749%Apr 7, 2026Yield to maturity3.745%Apr 10, 2026Yield to maturity3.740%Apr 15, 2026Yield to maturity3.737%Apr 20, 2026Yield to maturity3.689%Apr 23, 2026Yield to maturity3.730%Apr 28, 2026Yield to maturity3.724%May 1, 2026Yield to maturity3.719%May 6, 2026Yield to maturity3.716%May 11, 2026Yield to maturity3.758%May 14, 2026Yield to maturity3.755%May 19, 2026Yield to maturity3.799%May 22, 2026Yield to maturity3.794%May 28, 2026Yield to maturity3.791%Jun 2, 2026Yield to maturity3.787%Jun 5, 2026Yield to maturity3.836%Jun 10, 2026Yield to maturity3.834%Jun 15, 2026Yield to maturity3.831%Jun 18, 2026Yield to maturity3.939%Jun 24, 2026Yield to maturity3.939%Jun 29, 2026Yield to maturity3.938%Jul 2, 2026Yield to maturity3.937%Jul 8, 2026Yield to maturity3.999%Jul 13, 2026Yield to maturity4.000%Jul 16, 2026Yield to maturity3.935%Jul 21, 2026Yield to maturity3.931%Jul 24, 2026Yield to maturity3.995%Jul 29, 2026Yield to maturity3.924%Aug 3, 2026Yield to maturity3.920%Aug 6, 2026Yield to maturity3.918%Aug 11, 2026Yield to maturity3.913%Aug 14, 2026Yield to maturity3.832%Aug 19, 2026Yield to maturity3.827%Aug 24, 2026Yield to maturity3.901%Aug 27, 2026Yield to maturity3.898%Sep 1, 2026Yield to maturity3.893%Sep 4, 2026Yield to maturity3.886%Sep 10, 2026Yield to maturity3.975%Sep 15, 2026Yield to maturity4.068%Sep 18, 2026Yield to maturity4.070%Sep 23, 2026Yield to maturity4.174%Sep 28, 2026Yield to maturity4.181%Oct 1, 2026Yield to maturity4.186%Oct 6, 2026Yield to maturity4.194%Oct 9, 2026Yield to maturity4.206%Oct 15, 2026Yield to maturity4.213%Oct 20, 2026Yield to maturity4.225%Oct 23, 2026Yield to maturity4.239%Oct 28, 2026Yield to maturity4.101%Nov 2, 2026Yield to maturity4.109%Nov 5, 2026Yield to maturity4.115%Nov 9, 2026Yield to maturity4.123%

Price history

705 trading days to Nov 9, 2026

979899100101102Jan 16, 2024Nov 9, 2026Jan 16, 2024Close99.938Jan 19, 2024Close99.500Jan 24, 2024Close99.469Jan 29, 2024Close99.719Feb 1, 2024Close100.094Feb 6, 2024Close99.469Feb 9, 2024Close99.219Feb 14, 2024Close98.938Feb 20, 2024Close98.906Feb 23, 2024Close98.719Feb 28, 2024Close98.781Mar 4, 2024Close98.906Mar 7, 2024Close99.188Mar 12, 2024Close98.969Mar 15, 2024Close98.563Mar 20, 2024Close98.844Mar 25, 2024Close98.875Mar 28, 2024Close98.813Apr 3, 2024Close98.625Apr 8, 2024Close98.344Apr 11, 2024Close97.906Apr 16, 2024Close97.781Apr 19, 2024Close97.844Apr 24, 2024Close97.906Apr 29, 2024Close97.844May 2, 2024Close98.094May 7, 2024Close98.281May 10, 2024Close98.188May 15, 2024Close98.563May 20, 2024Close98.313May 23, 2024Close98.094May 29, 2024Close97.938Jun 3, 2024Close98.313Jun 6, 2024Close98.594Jun 11, 2024Close98.344Jun 14, 2024Close98.719Jun 20, 2024Close98.656Jun 25, 2024Close98.688Jun 28, 2024Close98.531Jul 3, 2024Close98.625Jul 9, 2024Close98.813Jul 12, 2024Close99.219Jul 17, 2024Close99.281Jul 22, 2024Close99.063Jul 25, 2024Close99.156Jul 30, 2024Close99.375Aug 2, 2024Close100.469Aug 7, 2024Close100.125Aug 12, 2024Close100.156Aug 15, 2024Close100.000Aug 20, 2024Close100.250Aug 23, 2024Close100.406Aug 28, 2024Close100.406Sep 3, 2024Close100.406Sep 6, 2024Close100.875Sep 11, 2024Close100.969Sep 16, 2024Close101.094Sep 19, 2024Close101.000Sep 24, 2024Close101.094Sep 27, 2024Close101.000Oct 2, 2024Close100.844Oct 7, 2024Close100.063Oct 10, 2024Close100.063Oct 16, 2024Close100.188Oct 21, 2024Close100.000Oct 24, 2024Close99.875Oct 29, 2024Close99.781Nov 1, 2024Close99.594Nov 6, 2024Close99.469Nov 12, 2024Close99.313Nov 15, 2024Close99.375Nov 20, 2024Close99.375Nov 25, 2024Close99.469Nov 29, 2024Close99.656Dec 4, 2024Close99.719Dec 9, 2024Close99.719Dec 12, 2024Close99.594Dec 17, 2024Close99.500Dec 20, 2024Close99.375Dec 26, 2024Close99.313Dec 31, 2024Close99.469Jan 6, 2025Close99.469Jan 9, 2025Close99.469Jan 14, 2025Close99.281Jan 17, 2025Close99.438Jan 23, 2025Close99.438Jan 28, 2025Close99.594Jan 31, 2025Close99.563Feb 5, 2025Close99.656Feb 10, 2025Close99.469Feb 13, 2025Close99.406Feb 19, 2025Close99.469Feb 24, 2025Close99.688Feb 27, 2025Close99.844Mar 4, 2025Close100.031Mar 7, 2025Close99.969Mar 12, 2025Close99.969Mar 17, 2025Close99.875Mar 20, 2025Close100.031Mar 25, 2025Close99.938Mar 28, 2025Close100.063Apr 2, 2025Close100.063Apr 7, 2025Close100.375Apr 10, 2025Close100.156Apr 15, 2025Close100.156Apr 21, 2025Close100.313Apr 24, 2025Close100.219Apr 29, 2025Close100.438May 2, 2025Close100.188May 7, 2025Close100.250May 12, 2025Close99.906May 15, 2025Close99.969May 20, 2025Close99.938May 23, 2025Close99.906May 29, 2025Close99.938Jun 3, 2025Close99.938Jun 6, 2025Close99.844Jun 11, 2025Close99.969Jun 16, 2025Close99.938Jun 20, 2025Close100.031Jun 25, 2025Close100.156Jun 30, 2025Close100.250Jul 3, 2025Close100.000Jul 9, 2025Close100.063Jul 14, 2025Close100.000Jul 17, 2025Close99.969Jul 22, 2025Close100.094Jul 25, 2025Close100.000Jul 30, 2025Close99.938Aug 4, 2025Close100.281Aug 7, 2025Close100.219Aug 12, 2025Close100.250Aug 15, 2025Close100.188Aug 20, 2025Close100.219Aug 25, 2025Close100.219Aug 28, 2025Close100.281Sep 3, 2025Close100.313Sep 8, 2025Close100.500Sep 11, 2025Close100.469Sep 16, 2025Close100.469Sep 19, 2025Close100.438Sep 24, 2025Close100.375Sep 29, 2025Close100.375Oct 2, 2025Close100.469Oct 7, 2025Close100.406Oct 10, 2025Close100.500Oct 16, 2025Close100.594Oct 21, 2025Close100.531Oct 24, 2025Close100.500Oct 29, 2025Close100.375Nov 3, 2025Close100.344Nov 6, 2025Close100.406Nov 12, 2025Close100.406Nov 17, 2025Close100.344Nov 20, 2025Close100.406Nov 25, 2025Close100.469Dec 1, 2025Close100.406Dec 4, 2025Close100.406Dec 9, 2025Close100.375Dec 12, 2025Close100.469Dec 17, 2025Close100.500Dec 22, 2025Close100.469Dec 26, 2025Close100.469Dec 31, 2025Close100.469Jan 6, 2026Close100.469Jan 9, 2026Close100.438Jan 14, 2026Close100.438Jan 20, 2026Close100.406Jan 23, 2026Close100.406Jan 28, 2026Close100.375Feb 2, 2026Close100.406Feb 5, 2026Close100.438Feb 10, 2026Close100.438Feb 13, 2026Close100.438Feb 19, 2026Close100.375Feb 24, 2026Close100.375Feb 27, 2026Close100.375Mar 4, 2026Close100.313Mar 9, 2026Close100.281Mar 12, 2026Close100.219Mar 17, 2026Close100.281Mar 20, 2026Close100.094Mar 25, 2026Close100.125Mar 30, 2026Close100.156Apr 2, 2026Close100.188Apr 7, 2026Close100.188Apr 10, 2026Close100.188Apr 15, 2026Close100.188Apr 20, 2026Close100.219Apr 23, 2026Close100.188Apr 28, 2026Close100.188May 1, 2026Close100.188May 6, 2026Close100.188May 11, 2026Close100.156May 14, 2026Close100.156May 19, 2026Close100.125May 22, 2026Close100.125May 28, 2026Close100.125Jun 2, 2026Close100.125Jun 5, 2026Close100.094Jun 10, 2026Close100.094Jun 15, 2026Close100.094Jun 18, 2026Close100.031Jun 24, 2026Close100.031Jun 29, 2026Close100.031Jul 2, 2026Close100.031Jul 8, 2026Close100.000Jul 13, 2026Close100.000Jul 16, 2026Close100.031Jul 21, 2026Close100.031Jul 24, 2026Close100.000Jul 29, 2026Close100.031Aug 3, 2026Close100.031Aug 6, 2026Close100.031Aug 11, 2026Close100.031Aug 14, 2026Close100.063Aug 19, 2026Close100.063Aug 24, 2026Close100.031Aug 27, 2026Close100.031Sep 1, 2026Close100.031Sep 4, 2026Close100.031Sep 10, 2026Close100.000Sep 15, 2026Close99.969Sep 18, 2026Close99.969Sep 23, 2026Close99.938Sep 28, 2026Close99.938Oct 1, 2026Close99.938Oct 6, 2026Close99.938Oct 9, 2026Close99.938Oct 15, 2026Close99.938Oct 20, 2026Close99.938Oct 23, 2026Close99.938Oct 28, 2026Close99.969Nov 2, 2026Close99.969Nov 5, 2026Close99.969Nov 9, 2026Close99.969
The most recent 20 trading days of prices for 91282CJT9.
DateBidOfferClose
Nov 9, 202699.969–99.969
Nov 6, 202699.969–99.969
Nov 5, 202699.969–99.969
Nov 4, 202699.969–99.969
Nov 3, 202699.969–99.969
Nov 2, 202699.969–99.969
Oct 30, 202699.969–99.969
Oct 29, 202699.969–99.969
Oct 28, 202699.969–99.969
Oct 27, 202699.969–99.969
Oct 26, 202699.938–99.938
Oct 23, 202699.969–99.938
Oct 22, 202699.969–99.938
Oct 21, 202699.938–99.938
Oct 20, 202699.938–99.938
Oct 19, 202699.938–99.938
Oct 16, 202699.938–99.938
Oct 15, 202699.906–99.938
Oct 14, 202699.938–99.938
Oct 13, 202699.938–99.938

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 91282CJT9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 9, 2024Jan 16, 2024New issue$52.0bn$52.0bn2.67x4.105%

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.