Treasury note

91282CJZ5 · 4% due February 15, 2034

Original term
10-Year
Maturity
Feb 15, 2034
Coupon
4.000%
Pays
Semi-Annual
Dated
Feb 15, 2024
First coupon
Aug 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$122.84bn
Held stripped
$23.2m
Share stripped
0.02%

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
4.781%
Modified duration
6.141 yr
DV01
0.0591
Convexity
0.444
Dirty price
96.196

Where its rate sensitivity sits

0.01
0.01
0.03
0.08
0.18
0.33
5.18
0.48
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 8 of twelve buckets, summing to 6.287 years against a modified duration of 6.141.

Against the fitted curve

Priced 3.1 bp cheap to the curve on that day, 18.15 cents per 100 of face.

That is 0.84 standard deviations from its own typical residual.

Yield to maturity, 683 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Feb 15, 2024Nov 9, 2026Feb 15, 2024Yield to maturity4.240%Feb 21, 2024Yield to maturity4.323%Feb 26, 2024Yield to maturity4.283%Feb 29, 2024Yield to maturity4.248%Mar 5, 2024Yield to maturity4.131%Mar 8, 2024Yield to maturity4.085%Mar 13, 2024Yield to maturity4.194%Mar 18, 2024Yield to maturity4.336%Mar 21, 2024Yield to maturity4.273%Mar 26, 2024Yield to maturity4.234%Apr 1, 2024Yield to maturity4.325%Apr 4, 2024Yield to maturity4.309%Apr 9, 2024Yield to maturity4.362%Apr 12, 2024Yield to maturity4.503%Apr 17, 2024Yield to maturity4.589%Apr 22, 2024Yield to maturity4.619%Apr 25, 2024Yield to maturity4.702%Apr 30, 2024Yield to maturity4.686%May 3, 2024Yield to maturity4.497%May 8, 2024Yield to maturity4.494%May 13, 2024Yield to maturity4.494%May 16, 2024Yield to maturity4.389%May 21, 2024Yield to maturity4.422%May 24, 2024Yield to maturity4.471%May 30, 2024Yield to maturity4.558%Jun 4, 2024Yield to maturity4.338%Jun 7, 2024Yield to maturity4.436%Jun 12, 2024Yield to maturity4.322%Jun 17, 2024Yield to maturity4.282%Jun 21, 2024Yield to maturity4.254%Jun 26, 2024Yield to maturity4.323%Jul 1, 2024Yield to maturity4.484%Jul 5, 2024Yield to maturity4.276%Jul 10, 2024Yield to maturity4.284%Jul 15, 2024Yield to maturity4.232%Jul 18, 2024Yield to maturity4.200%Jul 23, 2024Yield to maturity4.244%Jul 26, 2024Yield to maturity4.192%Jul 31, 2024Yield to maturity4.080%Aug 5, 2024Yield to maturity3.772%Aug 8, 2024Yield to maturity3.996%Aug 13, 2024Yield to maturity3.850%Aug 16, 2024Yield to maturity3.893%Aug 21, 2024Yield to maturity3.790%Aug 26, 2024Yield to maturity3.818%Aug 29, 2024Yield to maturity3.873%Sep 4, 2024Yield to maturity3.758%Sep 9, 2024Yield to maturity3.691%Sep 12, 2024Yield to maturity3.672%Sep 17, 2024Yield to maturity3.636%Sep 20, 2024Yield to maturity3.714%Sep 25, 2024Yield to maturity3.772%Sep 30, 2024Yield to maturity3.796%Oct 3, 2024Yield to maturity3.835%Oct 8, 2024Yield to maturity4.028%Oct 11, 2024Yield to maturity4.072%Oct 17, 2024Yield to maturity4.081%Oct 22, 2024Yield to maturity4.191%Oct 25, 2024Yield to maturity4.237%Oct 30, 2024Yield to maturity4.275%Nov 4, 2024Yield to maturity4.308%Nov 7, 2024Yield to maturity4.325%Nov 13, 2024Yield to maturity4.452%Nov 18, 2024Yield to maturity4.423%Nov 21, 2024Yield to maturity4.432%Nov 26, 2024Yield to maturity4.310%Dec 2, 2024Yield to maturity4.189%Dec 5, 2024Yield to maturity4.177%Dec 10, 2024Yield to maturity4.219%Dec 13, 2024Yield to maturity4.401%Dec 18, 2024Yield to maturity4.499%Dec 23, 2024Yield to maturity4.586%Dec 27, 2024Yield to maturity4.618%Jan 2, 2025Yield to maturity4.562%Jan 7, 2025Yield to maturity4.667%Jan 10, 2025Yield to maturity4.769%Jan 15, 2025Yield to maturity4.647%Jan 21, 2025Yield to maturity4.560%Jan 24, 2025Yield to maturity4.613%Jan 29, 2025Yield to maturity4.540%Feb 3, 2025Yield to maturity4.527%Feb 6, 2025Yield to maturity4.428%Feb 11, 2025Yield to maturity4.524%Feb 14, 2025Yield to maturity4.464%Feb 20, 2025Yield to maturity4.490%Feb 25, 2025Yield to maturity4.283%Feb 28, 2025Yield to maturity4.220%Mar 5, 2025Yield to maturity4.262%Mar 10, 2025Yield to maturity4.199%Mar 13, 2025Yield to maturity4.250%Mar 18, 2025Yield to maturity4.259%Mar 21, 2025Yield to maturity4.220%Mar 26, 2025Yield to maturity4.315%Mar 31, 2025Yield to maturity4.195%Apr 3, 2025Yield to maturity4.016%Apr 8, 2025Yield to maturity4.208%Apr 11, 2025Yield to maturity4.448%Apr 16, 2025Yield to maturity4.230%Apr 22, 2025Yield to maturity4.352%Apr 25, 2025Yield to maturity4.227%Apr 30, 2025Yield to maturity4.098%May 5, 2025Yield to maturity4.292%May 8, 2025Yield to maturity4.328%May 13, 2025Yield to maturity4.438%May 16, 2025Yield to maturity4.377%May 21, 2025Yield to maturity4.515%May 27, 2025Yield to maturity4.369%May 30, 2025Yield to maturity4.334%Jun 4, 2025Yield to maturity4.286%Jun 9, 2025Yield to maturity4.415%Jun 12, 2025Yield to maturity4.287%Jun 17, 2025Yield to maturity4.309%Jun 23, 2025Yield to maturity4.252%Jun 26, 2025Yield to maturity4.160%Jul 1, 2025Yield to maturity4.169%Jul 7, 2025Yield to maturity4.302%Jul 10, 2025Yield to maturity4.262%Jul 15, 2025Yield to maturity4.401%Jul 18, 2025Yield to maturity4.334%Jul 23, 2025Yield to maturity4.299%Jul 28, 2025Yield to maturity4.322%Jul 31, 2025Yield to maturity4.273%Aug 5, 2025Yield to maturity4.109%Aug 8, 2025Yield to maturity4.176%Aug 13, 2025Yield to maturity4.119%Aug 18, 2025Yield to maturity4.216%Aug 21, 2025Yield to maturity4.208%Aug 26, 2025Yield to maturity4.123%Aug 29, 2025Yield to maturity4.084%Sep 4, 2025Yield to maturity4.017%Sep 9, 2025Yield to maturity3.938%Sep 12, 2025Yield to maturity3.929%Sep 17, 2025Yield to maturity3.925%Sep 22, 2025Yield to maturity4.017%Sep 25, 2025Yield to maturity4.053%Sep 30, 2025Yield to maturity4.035%Oct 3, 2025Yield to maturity4.008%Oct 8, 2025Yield to maturity4.022%Oct 14, 2025Yield to maturity3.906%Oct 17, 2025Yield to maturity3.889%Oct 22, 2025Yield to maturity3.840%Oct 27, 2025Yield to maturity3.884%Oct 30, 2025Yield to maturity3.995%Nov 4, 2025Yield to maturity3.977%Nov 7, 2025Yield to maturity3.972%Nov 13, 2025Yield to maturity3.986%Nov 18, 2025Yield to maturity3.986%Nov 21, 2025Yield to maturity3.919%Nov 26, 2025Yield to maturity3.856%Dec 2, 2025Yield to maturity3.950%Dec 5, 2025Yield to maturity3.999%Dec 10, 2025Yield to maturity4.008%Dec 15, 2025Yield to maturity4.040%Dec 18, 2025Yield to maturity3.972%Dec 23, 2025Yield to maturity4.031%Dec 29, 2025Yield to maturity3.977%Jan 2, 2026Yield to maturity4.050%Jan 7, 2026Yield to maturity4.000%Jan 12, 2026Yield to maturity4.054%Jan 15, 2026Yield to maturity4.045%Jan 21, 2026Yield to maturity4.124%Jan 26, 2026Yield to maturity4.096%Jan 29, 2026Yield to maturity4.106%Feb 3, 2026Yield to maturity4.138%Feb 6, 2026Yield to maturity4.069%Feb 11, 2026Yield to maturity4.041%Feb 17, 2026Yield to maturity3.908%Feb 20, 2026Yield to maturity3.940%Feb 25, 2026Yield to maturity3.903%Mar 2, 2026Yield to maturity3.898%Mar 5, 2026Yield to maturity3.986%Mar 10, 2026Yield to maturity4.004%Mar 13, 2026Yield to maturity4.144%Mar 18, 2026Yield to maturity4.126%Mar 23, 2026Yield to maturity4.220%Mar 26, 2026Yield to maturity4.320%Mar 31, 2026Yield to maturity4.178%Apr 3, 2026Yield to maturity4.230%Apr 8, 2026Yield to maturity4.169%Apr 13, 2026Yield to maturity4.169%Apr 16, 2026Yield to maturity4.174%Apr 21, 2026Yield to maturity4.155%Apr 24, 2026Yield to maturity4.170%Apr 29, 2026Yield to maturity4.289%May 4, 2026Yield to maturity4.319%May 7, 2026Yield to maturity4.271%May 12, 2026Yield to maturity4.344%May 15, 2026Yield to maturity4.476%May 20, 2026Yield to maturity4.442%May 26, 2026Yield to maturity4.384%May 29, 2026Yield to maturity4.331%Jun 3, 2026Yield to maturity4.390%Jun 8, 2026Yield to maturity4.460%Jun 11, 2026Yield to maturity4.352%Jun 16, 2026Yield to maturity4.323%Jun 22, 2026Yield to maturity4.427%Jun 25, 2026Yield to maturity4.305%Jun 30, 2026Yield to maturity4.344%Jul 6, 2026Yield to maturity4.375%Jul 9, 2026Yield to maturity4.440%Jul 14, 2026Yield to maturity4.475%Jul 17, 2026Yield to maturity4.441%Jul 22, 2026Yield to maturity4.572%Jul 27, 2026Yield to maturity4.553%Jul 30, 2026Yield to maturity4.563%Aug 4, 2026Yield to maturity4.514%Aug 7, 2026Yield to maturity4.530%Aug 12, 2026Yield to maturity4.561%Aug 17, 2026Yield to maturity4.582%Aug 20, 2026Yield to maturity4.567%Aug 25, 2026Yield to maturity4.517%Aug 28, 2026Yield to maturity4.630%Sep 2, 2026Yield to maturity4.698%Sep 8, 2026Yield to maturity4.709%Sep 11, 2026Yield to maturity4.898%Sep 16, 2026Yield to maturity4.967%Sep 21, 2026Yield to maturity4.910%Sep 24, 2026Yield to maturity5.134%Sep 29, 2026Yield to maturity5.190%Oct 2, 2026Yield to maturity5.202%Oct 7, 2026Yield to maturity5.187%Oct 13, 2026Yield to maturity5.141%Oct 16, 2026Yield to maturity5.014%Oct 21, 2026Yield to maturity5.063%Oct 26, 2026Yield to maturity4.931%Oct 29, 2026Yield to maturity4.900%Nov 3, 2026Yield to maturity4.853%Nov 6, 2026Yield to maturity4.759%Nov 9, 2026Yield to maturity4.781%

Price history

683 trading days to Nov 9, 2026

92949698100102104Feb 15, 2024Nov 9, 2026Feb 15, 2024Close98.063Feb 21, 2024Close97.406Feb 26, 2024Close97.719Feb 29, 2024Close98.000Mar 5, 2024Close98.938Mar 8, 2024Close99.313Mar 13, 2024Close98.438Mar 18, 2024Close97.313Mar 21, 2024Close97.813Mar 26, 2024Close98.125Apr 1, 2024Close97.406Apr 4, 2024Close97.531Apr 9, 2024Close97.125Apr 12, 2024Close96.031Apr 17, 2024Close95.375Apr 22, 2024Close95.156Apr 25, 2024Close94.531Apr 30, 2024Close94.656May 3, 2024Close96.094May 8, 2024Close96.125May 13, 2024Close96.125May 16, 2024Close96.938May 21, 2024Close96.688May 24, 2024Close96.313May 30, 2024Close95.656Jun 4, 2024Close97.344Jun 7, 2024Close96.594Jun 12, 2024Close97.469Jun 17, 2024Close97.781Jun 21, 2024Close98.000Jun 26, 2024Close97.469Jul 1, 2024Close96.250Jul 5, 2024Close97.844Jul 10, 2024Close97.781Jul 15, 2024Close98.188Jul 18, 2024Close98.438Jul 23, 2024Close98.094Jul 26, 2024Close98.500Jul 31, 2024Close99.375Aug 5, 2024Close101.813Aug 8, 2024Close100.031Aug 13, 2024Close101.188Aug 16, 2024Close100.844Aug 21, 2024Close101.656Aug 26, 2024Close101.438Aug 29, 2024Close101.000Sep 4, 2024Close101.906Sep 9, 2024Close102.438Sep 12, 2024Close102.594Sep 17, 2024Close102.875Sep 20, 2024Close102.250Sep 25, 2024Close101.781Sep 30, 2024Close101.594Oct 3, 2024Close101.281Oct 8, 2024Close99.781Oct 11, 2024Close99.438Oct 17, 2024Close99.375Oct 22, 2024Close98.531Oct 25, 2024Close98.188Oct 30, 2024Close97.906Nov 4, 2024Close97.656Nov 7, 2024Close97.531Nov 13, 2024Close96.594Nov 18, 2024Close96.813Nov 21, 2024Close96.750Nov 26, 2024Close97.656Dec 2, 2024Close98.563Dec 5, 2024Close98.656Dec 10, 2024Close98.344Dec 13, 2024Close97.000Dec 18, 2024Close96.281Dec 23, 2024Close95.656Dec 27, 2024Close95.438Jan 2, 2025Close95.844Jan 7, 2025Close95.094Jan 10, 2025Close94.375Jan 15, 2025Close95.250Jan 21, 2025Close95.875Jan 24, 2025Close95.500Jan 29, 2025Close96.031Feb 3, 2025Close96.125Feb 6, 2025Close96.844Feb 11, 2025Close96.156Feb 14, 2025Close96.594Feb 20, 2025Close96.406Feb 25, 2025Close97.906Feb 28, 2025Close98.375Mar 5, 2025Close98.063Mar 10, 2025Close98.531Mar 13, 2025Close98.156Mar 18, 2025Close98.094Mar 21, 2025Close98.375Mar 26, 2025Close97.688Mar 31, 2025Close98.563Apr 3, 2025Close99.875Apr 8, 2025Close98.469Apr 11, 2025Close96.750Apr 16, 2025Close98.313Apr 22, 2025Close97.438Apr 25, 2025Close98.344Apr 30, 2025Close99.281May 5, 2025Close97.875May 8, 2025Close97.625May 13, 2025Close96.844May 16, 2025Close97.281May 21, 2025Close96.313May 27, 2025Close97.344May 30, 2025Close97.594Jun 4, 2025Close97.938Jun 9, 2025Close97.031Jun 12, 2025Close97.938Jun 17, 2025Close97.781Jun 23, 2025Close98.188Jun 26, 2025Close98.844Jul 1, 2025Close98.781Jul 7, 2025Close97.844Jul 10, 2025Close98.125Jul 15, 2025Close97.156Jul 18, 2025Close97.625Jul 23, 2025Close97.875Jul 28, 2025Close97.719Jul 31, 2025Close98.063Aug 5, 2025Close99.219Aug 8, 2025Close98.750Aug 13, 2025Close99.156Aug 18, 2025Close98.469Aug 21, 2025Close98.531Aug 26, 2025Close99.125Aug 29, 2025Close99.406Sep 4, 2025Close99.875Sep 9, 2025Close100.438Sep 12, 2025Close100.500Sep 17, 2025Close100.531Sep 22, 2025Close99.875Sep 25, 2025Close99.625Sep 30, 2025Close99.750Oct 3, 2025Close99.938Oct 8, 2025Close99.844Oct 14, 2025Close100.656Oct 17, 2025Close100.781Oct 22, 2025Close101.125Oct 27, 2025Close100.813Oct 30, 2025Close100.031Nov 4, 2025Close100.156Nov 7, 2025Close100.188Nov 13, 2025Close100.094Nov 18, 2025Close100.094Nov 21, 2025Close100.563Nov 26, 2025Close101.000Dec 2, 2025Close100.344Dec 5, 2025Close100.000Dec 10, 2025Close99.938Dec 15, 2025Close99.719Dec 18, 2025Close100.188Dec 23, 2025Close99.781Dec 29, 2025Close100.156Jan 2, 2026Close99.656Jan 7, 2026Close100.000Jan 12, 2026Close99.625Jan 15, 2026Close99.688Jan 21, 2026Close99.156Jan 26, 2026Close99.344Jan 29, 2026Close99.281Feb 3, 2026Close99.063Feb 6, 2026Close99.531Feb 11, 2026Close99.719Feb 17, 2026Close100.625Feb 20, 2026Close100.406Feb 25, 2026Close100.656Mar 2, 2026Close100.688Mar 5, 2026Close100.094Mar 10, 2026Close99.969Mar 13, 2026Close99.031Mar 18, 2026Close99.156Mar 23, 2026Close98.531Mar 26, 2026Close97.875Mar 31, 2026Close98.813Apr 3, 2026Close98.469Apr 8, 2026Close98.875Apr 13, 2026Close98.875Apr 16, 2026Close98.844Apr 21, 2026Close98.969Apr 24, 2026Close98.875Apr 29, 2026Close98.094May 4, 2026Close97.906May 7, 2026Close98.219May 12, 2026Close97.750May 15, 2026Close96.906May 20, 2026Close97.125May 26, 2026Close97.500May 29, 2026Close97.844Jun 3, 2026Close97.469Jun 8, 2026Close97.031Jun 11, 2026Close97.719Jun 16, 2026Close97.906Jun 22, 2026Close97.250Jun 25, 2026Close98.031Jun 30, 2026Close97.781Jul 6, 2026Close97.594Jul 9, 2026Close97.188Jul 14, 2026Close96.969Jul 17, 2026Close97.188Jul 22, 2026Close96.375Jul 27, 2026Close96.500Jul 30, 2026Close96.438Aug 4, 2026Close96.750Aug 7, 2026Close96.656Aug 12, 2026Close96.469Aug 17, 2026Close96.344Aug 20, 2026Close96.438Aug 25, 2026Close96.750Aug 28, 2026Close96.063Sep 2, 2026Close95.656Sep 8, 2026Close95.594Sep 11, 2026Close94.469Sep 16, 2026Close94.063Sep 21, 2026Close94.406Sep 24, 2026Close93.094Sep 29, 2026Close92.781Oct 2, 2026Close92.719Oct 7, 2026Close92.813Oct 13, 2026Close93.094Oct 16, 2026Close93.844Oct 21, 2026Close93.563Oct 26, 2026Close94.344Oct 29, 2026Close94.531Nov 3, 2026Close94.813Nov 6, 2026Close95.375Nov 9, 2026Close95.250
The most recent 20 trading days of prices for 91282CJZ5.
DateBidOfferClose
Nov 9, 202695.25095.26695.250
Nov 6, 202695.34495.37595.375
Nov 5, 202695.46995.50095.625
Nov 4, 202695.03195.04795.156
Nov 3, 202694.87594.89194.813
Nov 2, 202695.15695.17295.031
Oct 30, 202694.78194.79794.906
Oct 29, 202694.56394.57894.531
Oct 28, 202694.15694.17294.125
Oct 27, 202694.40694.42294.375
Oct 26, 202694.37594.40694.344
Oct 23, 202694.40694.42294.406
Oct 22, 202694.28194.29794.625
Oct 21, 202693.71993.73493.563
Oct 20, 202693.71993.73493.656
Oct 19, 202693.59493.62593.500
Oct 16, 202693.87593.89193.844
Oct 15, 202693.71993.75093.781
Oct 14, 202692.84492.85993.188
Oct 13, 202693.06393.07893.094

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 91282CJZ5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 7, 2024Feb 15, 2024New issue$42.0bn$45.1bn2.56x4.093%
Mar 12, 2024Mar 15, 2024Reopening$39.0bn$39.0bn2.51x4.166%
Apr 10, 2024Apr 15, 2024Reopening$39.0bn$39.6bn2.34x4.560%

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.