Inflation-linked (TIPS)

91282CJY8 · 1.75% due January 15, 2034

Original term
10-Year
Maturity
Jan 15, 2034
Coupon
1.750%
Pays
Semi-Annual
Dated
Jan 15, 2024
First coupon
Jul 15, 2024
Priced through
Nov 9, 2026
Analyzed through
not analyzed

Statement of October 31, 2026

Amount outstanding
$55.43bn
Held stripped
$0.0m
Share stripped
0.00%

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. For an inflation-linked security the difference is mostly inflation rather than float: Treasury reports what a holder is owed today, which includes the uplift shown as the index ratio above, while the index keeps original par and carries the uplift in the price. The index figures are published per holding.

Inflation-linked measures, November 9, 2026

An inflation-linked security prices off a real curve, so its yield is a real yield, a return above inflation rather than in cash terms, and its principal is indexed. The figures below are in REAL terms unless labeled otherwise.

Real yield
2.560%
Index ratio
1.0917
Real duration
6.640 yr
DV01
0.0633
Convexity
0.493
Real clean price
94.719
Accrued (real)
0.561
Real dirty price
95.280
Indexed principal
109.167
Money clean price
103.401

The index ratio is a multiplier, not a percentage: 1.0917 means the principal is worth that many times its original face today. So the real clean price of 94.719 is not what a buyer pays , multiply by the ratio to get 103.401 per 100 of original face.

Against the fitted real curve

Priced 2.7 bp cheap to the real curve on that day, 16.88 cents per 100 of face.

That is -0.06 standard deviations from its own typical residual.

Real yield, 694 observations

1.50%1.75%2.00%2.25%2.50%2.75%3.00%Jan 31, 2024Nov 9, 2026Jan 31, 2024Real yield1.733%Feb 5, 2024Real yield1.902%Feb 8, 2024Real yield1.913%Feb 13, 2024Real yield2.019%Feb 16, 2024Real yield1.970%Feb 22, 2024Real yield2.016%Feb 27, 2024Real yield1.988%Mar 1, 2024Real yield1.865%Mar 6, 2024Real yield1.806%Mar 11, 2024Real yield1.827%Mar 14, 2024Real yield1.992%Mar 19, 2024Real yield1.996%Mar 22, 2024Real yield1.876%Mar 27, 2024Real yield1.883%Apr 2, 2024Real yield1.997%Apr 5, 2024Real yield2.019%Apr 10, 2024Real yield2.146%Apr 15, 2024Real yield2.197%Apr 18, 2024Real yield2.234%Apr 23, 2024Real yield2.202%Apr 26, 2024Real yield2.243%May 1, 2024Real yield2.251%May 6, 2024Real yield2.141%May 9, 2024Real yield2.127%May 14, 2024Real yield2.124%May 17, 2024Real yield2.102%May 22, 2024Real yield2.102%May 28, 2024Real yield2.202%May 31, 2024Real yield2.159%Jun 5, 2024Real yield1.994%Jun 10, 2024Real yield2.163%Jun 13, 2024Real yield2.035%Jun 18, 2024Real yield2.006%Jun 24, 2024Real yield2.028%Jun 27, 2024Real yield2.025%Jul 2, 2024Real yield2.132%Jul 8, 2024Real yield2.007%Jul 11, 2024Real yield1.949%Jul 16, 2024Real yield1.902%Jul 19, 2024Real yield1.979%Jul 24, 2024Real yield2.034%Jul 29, 2024Real yield1.953%Aug 1, 2024Real yield1.822%Aug 6, 2024Real yield1.819%Aug 9, 2024Real yield1.870%Aug 14, 2024Real yield1.797%Aug 19, 2024Real yield1.819%Aug 22, 2024Real yield1.790%Aug 27, 2024Real yield1.706%Aug 30, 2024Real yield1.779%Sep 5, 2024Real yield1.721%Sep 10, 2024Real yield1.652%Sep 13, 2024Real yield1.591%Sep 18, 2024Real yield1.594%Sep 23, 2024Real yield1.598%Sep 26, 2024Real yield1.637%Oct 1, 2024Real yield1.561%Oct 4, 2024Real yield1.761%Oct 9, 2024Real yield1.787%Oct 15, 2024Real yield1.761%Oct 18, 2024Real yield1.787%Oct 23, 2024Real yield1.936%Oct 28, 2024Real yield2.000%Oct 31, 2024Real yield1.962%Nov 5, 2024Real yield2.000%Nov 8, 2024Real yield1.963%Nov 14, 2024Real yield2.108%Nov 19, 2024Real yield2.062%Nov 22, 2024Real yield2.082%Nov 27, 2024Real yield1.998%Dec 3, 2024Real yield1.953%Dec 6, 2024Real yield1.915%Dec 11, 2024Real yield1.969%Dec 16, 2024Real yield2.080%Dec 19, 2024Real yield2.287%Dec 24, 2024Real yield2.252%Dec 30, 2024Real yield2.245%Jan 3, 2025Real yield2.270%Jan 8, 2025Real yield2.274%Jan 13, 2025Real yield2.346%Jan 16, 2025Real yield2.196%Jan 22, 2025Real yield2.201%Jan 27, 2025Real yield2.100%Jan 30, 2025Real yield2.104%Feb 4, 2025Real yield2.042%Feb 7, 2025Real yield2.034%Feb 12, 2025Real yield2.121%Feb 18, 2025Real yield2.059%Feb 21, 2025Real yield1.962%Feb 26, 2025Real yield1.850%Mar 3, 2025Real yield1.754%Mar 6, 2025Real yield1.904%Mar 11, 2025Real yield1.916%Mar 14, 2025Real yield1.963%Mar 19, 2025Real yield1.885%Mar 24, 2025Real yield1.932%Mar 27, 2025Real yield1.920%Apr 1, 2025Real yield1.773%Apr 4, 2025Real yield1.769%Apr 9, 2025Real yield2.020%Apr 14, 2025Real yield2.099%Apr 17, 2025Real yield2.052%Apr 23, 2025Real yield2.048%Apr 28, 2025Real yield1.914%May 1, 2025Real yield1.926%May 6, 2025Real yield1.962%May 9, 2025Real yield1.998%May 14, 2025Real yield2.086%May 19, 2025Real yield2.019%May 22, 2025Real yield2.103%May 28, 2025Real yield2.056%Jun 2, 2025Real yield2.028%Jun 5, 2025Real yield2.024%Jun 10, 2025Real yield2.089%Jun 13, 2025Real yield2.041%Jun 18, 2025Real yield1.981%Jun 24, 2025Real yield1.917%Jun 27, 2025Real yield1.893%Jul 2, 2025Real yield1.893%Jul 8, 2025Real yield1.966%Jul 11, 2025Real yield1.950%Jul 16, 2025Real yield1.926%Jul 21, 2025Real yield1.854%Jul 24, 2025Real yield1.894%Jul 29, 2025Real yield1.826%Aug 1, 2025Real yield1.802%Aug 6, 2025Real yield1.782%Aug 11, 2025Real yield1.774%Aug 14, 2025Real yield1.794%Aug 19, 2025Real yield1.839%Aug 22, 2025Real yield1.722%Aug 27, 2025Real yield1.670%Sep 2, 2025Real yield1.738%Sep 5, 2025Real yield1.601%Sep 10, 2025Real yield1.565%Sep 15, 2025Real yield1.565%Sep 18, 2025Real yield1.617%Sep 23, 2025Real yield1.645%Sep 26, 2025Real yield1.709%Oct 1, 2025Real yield1.661%Oct 6, 2025Real yield1.721%Oct 9, 2025Real yield1.689%Oct 15, 2025Real yield1.648%Oct 20, 2025Real yield1.640%Oct 23, 2025Real yield1.607%Oct 28, 2025Real yield1.607%Oct 31, 2025Real yield1.705%Nov 5, 2025Real yield1.762%Nov 10, 2025Real yield1.729%Nov 14, 2025Real yield1.746%Nov 19, 2025Real yield1.746%Nov 24, 2025Real yield1.696%Nov 28, 2025Real yield1.671%Dec 3, 2025Real yield1.700%Dec 8, 2025Real yield1.796%Dec 11, 2025Real yield1.775%Dec 16, 2025Real yield1.804%Dec 19, 2025Real yield1.804%Dec 24, 2025Real yield1.800%Dec 30, 2025Real yield1.788%Jan 5, 2026Real yield1.788%Jan 8, 2026Real yield1.796%Jan 13, 2026Real yield1.754%Jan 16, 2026Real yield1.792%Jan 22, 2026Real yield1.792%Jan 27, 2026Real yield1.725%Jan 30, 2026Real yield1.699%Feb 4, 2026Real yield1.741%Feb 9, 2026Real yield1.665%Feb 12, 2026Real yield1.598%Feb 18, 2026Real yield1.610%Feb 23, 2026Real yield1.577%Feb 26, 2026Real yield1.534%Mar 3, 2026Real yield1.559%Mar 6, 2026Real yield1.580%Mar 11, 2026Real yield1.609%Mar 16, 2026Real yield1.639%Mar 19, 2026Real yield1.664%Mar 24, 2026Real yield1.866%Mar 27, 2026Real yield1.919%Apr 1, 2026Real yield1.819%Apr 6, 2026Real yield1.780%Apr 9, 2026Real yield1.754%Apr 14, 2026Real yield1.681%Apr 17, 2026Real yield1.694%Apr 22, 2026Real yield1.702%Apr 27, 2026Real yield1.676%Apr 30, 2026Real yield1.702%May 5, 2026Real yield1.732%May 8, 2026Real yield1.706%May 13, 2026Real yield1.750%May 18, 2026Real yield1.900%May 21, 2026Real yield1.949%May 27, 2026Real yield1.887%Jun 1, 2026Real yield1.883%Jun 4, 2026Real yield1.932%Jun 9, 2026Real yield2.031%Jun 12, 2026Real yield2.013%Jun 17, 2026Real yield2.100%Jun 23, 2026Real yield2.151%Jun 26, 2026Real yield2.037%Jul 1, 2026Real yield2.106%Jul 7, 2026Real yield2.134%Jul 10, 2026Real yield2.158%Jul 15, 2026Real yield2.149%Jul 20, 2026Real yield2.182%Jul 23, 2026Real yield2.285%Jul 28, 2026Real yield2.286%Jul 31, 2026Real yield2.315%Aug 5, 2026Real yield2.264%Aug 10, 2026Real yield2.279%Aug 13, 2026Real yield2.223%Aug 18, 2026Real yield2.233%Aug 21, 2026Real yield2.225%Aug 26, 2026Real yield2.173%Aug 31, 2026Real yield2.282%Sep 3, 2026Real yield2.264%Sep 9, 2026Real yield2.313%Sep 14, 2026Real yield2.481%Sep 17, 2026Real yield2.516%Sep 22, 2026Real yield2.541%Sep 25, 2026Real yield2.719%Sep 30, 2026Real yield2.819%Oct 5, 2026Real yield2.816%Oct 8, 2026Real yield2.738%Oct 14, 2026Real yield2.725%Oct 19, 2026Real yield2.672%Oct 22, 2026Real yield2.511%Oct 27, 2026Real yield2.531%Oct 30, 2026Real yield2.454%Nov 4, 2026Real yield2.529%Nov 9, 2026Real yield2.560%

Price history

694 trading days to Nov 9, 2026

92949698100102Jan 31, 2024Nov 9, 2026Jan 31, 2024Close100.156Feb 5, 2024Close98.625Feb 8, 2024Close98.531Feb 13, 2024Close97.594Feb 16, 2024Close98.031Feb 22, 2024Close97.625Feb 27, 2024Close97.875Mar 1, 2024Close98.969Mar 6, 2024Close99.500Mar 11, 2024Close99.313Mar 14, 2024Close97.844Mar 19, 2024Close97.813Mar 22, 2024Close98.875Mar 27, 2024Close98.813Apr 2, 2024Close97.813Apr 5, 2024Close97.625Apr 10, 2024Close96.531Apr 15, 2024Close96.094Apr 18, 2024Close95.781Apr 23, 2024Close96.063Apr 26, 2024Close95.719May 1, 2024Close95.656May 6, 2024Close96.594May 9, 2024Close96.719May 14, 2024Close96.750May 17, 2024Close96.938May 22, 2024Close96.938May 28, 2024Close96.094May 31, 2024Close96.469Jun 5, 2024Close97.875Jun 10, 2024Close96.438Jun 13, 2024Close97.531Jun 18, 2024Close97.781Jun 24, 2024Close97.594Jun 27, 2024Close97.625Jul 2, 2024Close96.719Jul 8, 2024Close97.781Jul 11, 2024Close98.281Jul 16, 2024Close98.688Jul 19, 2024Close98.031Jul 24, 2024Close97.563Jul 29, 2024Close98.250Aug 1, 2024Close99.375Aug 6, 2024Close99.406Aug 9, 2024Close98.969Aug 14, 2024Close99.594Aug 19, 2024Close99.406Aug 22, 2024Close99.656Aug 27, 2024Close100.375Aug 30, 2024Close99.750Sep 5, 2024Close100.250Sep 10, 2024Close100.844Sep 13, 2024Close101.375Sep 18, 2024Close101.344Sep 23, 2024Close101.313Sep 26, 2024Close100.969Oct 1, 2024Close101.625Oct 4, 2024Close99.906Oct 9, 2024Close99.688Oct 15, 2024Close99.906Oct 18, 2024Close99.688Oct 23, 2024Close98.438Oct 28, 2024Close97.906Oct 31, 2024Close98.219Nov 5, 2024Close97.906Nov 8, 2024Close98.219Nov 14, 2024Close97.031Nov 19, 2024Close97.406Nov 22, 2024Close97.250Nov 27, 2024Close97.938Dec 3, 2024Close98.313Dec 6, 2024Close98.625Dec 11, 2024Close98.188Dec 16, 2024Close97.281Dec 19, 2024Close95.625Dec 24, 2024Close95.906Dec 30, 2024Close95.969Jan 3, 2025Close95.781Jan 8, 2025Close95.750Jan 13, 2025Close95.188Jan 16, 2025Close96.375Jan 22, 2025Close96.344Jan 27, 2025Close97.156Jan 30, 2025Close97.125Feb 4, 2025Close97.625Feb 7, 2025Close97.688Feb 12, 2025Close97.000Feb 18, 2025Close97.500Feb 21, 2025Close98.281Feb 26, 2025Close99.188Mar 3, 2025Close99.969Mar 6, 2025Close98.750Mar 11, 2025Close98.656Mar 14, 2025Close98.281Mar 19, 2025Close98.906Mar 24, 2025Close98.531Mar 27, 2025Close98.625Apr 1, 2025Close99.813Apr 4, 2025Close99.844Apr 9, 2025Close97.844Apr 14, 2025Close97.219Apr 17, 2025Close97.594Apr 23, 2025Close97.625Apr 28, 2025Close98.688May 1, 2025Close98.594May 6, 2025Close98.313May 9, 2025Close98.031May 14, 2025Close97.344May 19, 2025Close97.875May 22, 2025Close97.219May 28, 2025Close97.594Jun 2, 2025Close97.813Jun 5, 2025Close97.844Jun 10, 2025Close97.344Jun 13, 2025Close97.719Jun 18, 2025Close98.188Jun 24, 2025Close98.688Jun 27, 2025Close98.875Jul 2, 2025Close98.875Jul 8, 2025Close98.313Jul 11, 2025Close98.438Jul 16, 2025Close98.625Jul 21, 2025Close99.188Jul 24, 2025Close98.875Jul 29, 2025Close99.406Aug 1, 2025Close99.594Aug 6, 2025Close99.750Aug 11, 2025Close99.813Aug 14, 2025Close99.656Aug 19, 2025Close99.313Aug 22, 2025Close100.219Aug 27, 2025Close100.625Sep 2, 2025Close100.094Sep 5, 2025Close101.156Sep 10, 2025Close101.438Sep 15, 2025Close101.438Sep 18, 2025Close101.031Sep 23, 2025Close100.813Sep 26, 2025Close100.313Oct 1, 2025Close100.688Oct 6, 2025Close100.219Oct 9, 2025Close100.469Oct 15, 2025Close100.781Oct 20, 2025Close100.844Oct 23, 2025Close101.094Oct 28, 2025Close101.094Oct 31, 2025Close100.344Nov 5, 2025Close99.906Nov 10, 2025Close100.156Nov 14, 2025Close100.031Nov 19, 2025Close100.031Nov 24, 2025Close100.406Nov 28, 2025Close100.594Dec 3, 2025Close100.375Dec 8, 2025Close99.656Dec 11, 2025Close99.813Dec 16, 2025Close99.594Dec 19, 2025Close99.594Dec 24, 2025Close99.625Dec 30, 2025Close99.719Jan 5, 2026Close99.719Jan 8, 2026Close99.656Jan 13, 2026Close99.969Jan 16, 2026Close99.688Jan 22, 2026Close99.688Jan 27, 2026Close100.188Jan 30, 2026Close100.375Feb 4, 2026Close100.063Feb 9, 2026Close100.625Feb 12, 2026Close101.125Feb 18, 2026Close101.031Feb 23, 2026Close101.281Feb 26, 2026Close101.594Mar 3, 2026Close101.406Mar 6, 2026Close101.250Mar 11, 2026Close101.031Mar 16, 2026Close100.813Mar 19, 2026Close100.625Mar 24, 2026Close99.156Mar 27, 2026Close98.781Apr 1, 2026Close99.500Apr 6, 2026Close99.781Apr 9, 2026Close99.969Apr 14, 2026Close100.500Apr 17, 2026Close100.406Apr 22, 2026Close100.344Apr 27, 2026Close100.531Apr 30, 2026Close100.344May 5, 2026Close100.125May 8, 2026Close100.313May 13, 2026Close100.000May 18, 2026Close98.938May 21, 2026Close98.594May 27, 2026Close99.031Jun 1, 2026Close99.063Jun 4, 2026Close98.719Jun 9, 2026Close98.031Jun 12, 2026Close98.156Jun 17, 2026Close97.563Jun 23, 2026Close97.219Jun 26, 2026Close98.000Jul 1, 2026Close97.531Jul 7, 2026Close97.344Jul 10, 2026Close97.188Jul 15, 2026Close97.250Jul 20, 2026Close97.031Jul 23, 2026Close96.344Jul 28, 2026Close96.344Jul 31, 2026Close96.156Aug 5, 2026Close96.500Aug 10, 2026Close96.406Aug 13, 2026Close96.781Aug 18, 2026Close96.719Aug 21, 2026Close96.781Aug 26, 2026Close97.125Aug 31, 2026Close96.406Sep 3, 2026Close96.531Sep 9, 2026Close96.219Sep 14, 2026Close95.125Sep 17, 2026Close94.906Sep 22, 2026Close94.750Sep 25, 2026Close93.625Sep 30, 2026Close93.000Oct 5, 2026Close93.031Oct 8, 2026Close93.531Oct 14, 2026Close93.625Oct 19, 2026Close93.969Oct 22, 2026Close95.000Oct 27, 2026Close94.875Oct 30, 2026Close95.375Nov 4, 2026Close94.906Nov 9, 2026Close94.719
The most recent 20 trading days of prices for 91282CJY8.
DateBidOfferClose
Nov 9, 202694.78194.81394.719
Nov 6, 202695.06395.09495.063
Nov 5, 202695.03195.06395.188
Nov 4, 202694.84494.87594.906
Nov 3, 202695.03195.06394.969
Nov 2, 202695.40695.42295.219
Oct 30, 202695.34495.35995.375
Oct 29, 202695.09495.12595.094
Oct 28, 202694.71994.73494.781
Oct 27, 202694.87594.90694.875
Oct 26, 202694.84494.85994.781
Oct 23, 202694.87594.90694.875
Oct 22, 202694.65694.67295.000
Oct 21, 202694.25094.28194.156
Oct 20, 202694.15694.18894.156
Oct 19, 202694.12594.14193.969
Oct 16, 202694.28194.31394.313
Oct 15, 202694.03194.06394.031
Oct 14, 202693.31393.34493.625
Oct 13, 202693.43893.46993.438

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.

3 auctions

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 91282CJY8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 18, 2024Jan 31, 2024New issue$18.0bn$18.0bn2.62x1.810%
Mar 21, 2024Mar 28, 2024Reopening$16.0bn$16.0bn2.35x1.932%
May 23, 2024May 31, 2024Reopening$16.0bn$16.9bn2.33x2.184%

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.