Treasury note

91282CKC4 · 4.25% due February 28, 2031

Original term
7-Year
Maturity
Feb 28, 2031
Coupon
4.250%
Pays
Semi-Annual
Dated
Feb 29, 2024
First coupon
Aug 31, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$41.17bn
Held stripped
$8.0m
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
4.670%
Modified duration
3.853 yr
DV01
0.0382
Convexity
0.176
Dirty price
99.209

Where its rate sensitivity sits

0.01
0.01
0.04
0.08
1.42
2.40
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 3.941 years against a modified duration of 3.853.

Against the fitted curve

Priced 0.3 bp cheap to the curve on that day, 1.26 cents per 100 of face.

That is 0.33 standard deviations from its own typical residual.

Yield to maturity, 674 observations

3.0%3.5%4.0%4.5%5.0%5.5%Feb 29, 2024Nov 9, 2026Feb 29, 2024Yield to maturity4.276%Mar 5, 2024Yield to maturity4.146%Mar 8, 2024Yield to maturity4.078%Mar 13, 2024Yield to maturity4.198%Mar 18, 2024Yield to maturity4.355%Mar 21, 2024Yield to maturity4.281%Mar 26, 2024Yield to maturity4.234%Apr 1, 2024Yield to maturity4.334%Apr 4, 2024Yield to maturity4.313%Apr 9, 2024Yield to maturity4.377%Apr 12, 2024Yield to maturity4.527%Apr 17, 2024Yield to maturity4.608%Apr 22, 2024Yield to maturity4.647%Apr 25, 2024Yield to maturity4.718%Apr 30, 2024Yield to maturity4.714%May 3, 2024Yield to maturity4.485%May 8, 2024Yield to maturity4.491%May 13, 2024Yield to maturity4.491%May 16, 2024Yield to maturity4.383%May 21, 2024Yield to maturity4.421%May 24, 2024Yield to maturity4.487%May 30, 2024Yield to maturity4.569%Jun 4, 2024Yield to maturity4.335%Jun 7, 2024Yield to maturity4.444%Jun 12, 2024Yield to maturity4.314%Jun 17, 2024Yield to maturity4.282%Jun 21, 2024Yield to maturity4.255%Jun 26, 2024Yield to maturity4.325%Jul 1, 2024Yield to maturity4.457%Jul 5, 2024Yield to maturity4.233%Jul 10, 2024Yield to maturity4.244%Jul 15, 2024Yield to maturity4.162%Jul 18, 2024Yield to maturity4.135%Jul 23, 2024Yield to maturity4.178%Jul 26, 2024Yield to maturity4.113%Jul 31, 2024Yield to maturity3.994%Aug 5, 2024Yield to maturity3.661%Aug 8, 2024Yield to maturity3.890%Aug 13, 2024Yield to maturity3.734%Aug 16, 2024Yield to maturity3.808%Aug 21, 2024Yield to maturity3.696%Aug 26, 2024Yield to maturity3.721%Aug 29, 2024Yield to maturity3.758%Sep 4, 2024Yield to maturity3.645%Sep 9, 2024Yield to maturity3.574%Sep 12, 2024Yield to maturity3.552%Sep 17, 2024Yield to maturity3.513%Sep 20, 2024Yield to maturity3.576%Sep 25, 2024Yield to maturity3.623%Sep 30, 2024Yield to maturity3.665%Oct 3, 2024Yield to maturity3.703%Oct 8, 2024Yield to maturity3.926%Oct 11, 2024Yield to maturity3.958%Oct 17, 2024Yield to maturity3.975%Oct 22, 2024Yield to maturity4.086%Oct 25, 2024Yield to maturity4.142%Oct 30, 2024Yield to maturity4.198%Nov 4, 2024Yield to maturity4.232%Nov 7, 2024Yield to maturity4.238%Nov 13, 2024Yield to maturity4.369%Nov 18, 2024Yield to maturity4.341%Nov 21, 2024Yield to maturity4.352%Nov 26, 2024Yield to maturity4.243%Dec 2, 2024Yield to maturity4.129%Dec 5, 2024Yield to maturity4.117%Dec 10, 2024Yield to maturity4.145%Dec 13, 2024Yield to maturity4.313%Dec 18, 2024Yield to maturity4.441%Dec 23, 2024Yield to maturity4.506%Dec 27, 2024Yield to maturity4.519%Jan 2, 2025Yield to maturity4.448%Jan 7, 2025Yield to maturity4.544%Jan 10, 2025Yield to maturity4.664%Jan 15, 2025Yield to maturity4.527%Jan 21, 2025Yield to maturity4.462%Jan 24, 2025Yield to maturity4.504%Jan 29, 2025Yield to maturity4.421%Feb 3, 2025Yield to maturity4.421%Feb 6, 2025Yield to maturity4.332%Feb 11, 2025Yield to maturity4.428%Feb 14, 2025Yield to maturity4.387%Feb 20, 2025Yield to maturity4.405%Feb 25, 2025Yield to maturity4.191%Feb 28, 2025Yield to maturity4.102%Mar 5, 2025Yield to maturity4.149%Mar 10, 2025Yield to maturity4.059%Mar 13, 2025Yield to maturity4.107%Mar 18, 2025Yield to maturity4.142%Mar 21, 2025Yield to maturity4.082%Mar 26, 2025Yield to maturity4.165%Mar 31, 2025Yield to maturity4.034%Apr 3, 2025Yield to maturity3.826%Apr 8, 2025Yield to maturity3.985%Apr 11, 2025Yield to maturity4.261%Apr 16, 2025Yield to maturity4.002%Apr 22, 2025Yield to maturity4.098%Apr 25, 2025Yield to maturity3.989%Apr 30, 2025Yield to maturity3.833%May 5, 2025Yield to maturity4.036%May 8, 2025Yield to maturity4.090%May 13, 2025Yield to maturity4.206%May 16, 2025Yield to maturity4.145%May 21, 2025Yield to maturity4.243%May 27, 2025Yield to maturity4.114%May 30, 2025Yield to maturity4.070%Jun 4, 2025Yield to maturity4.027%Jun 9, 2025Yield to maturity4.181%Jun 12, 2025Yield to maturity4.045%Jun 17, 2025Yield to maturity4.063%Jun 23, 2025Yield to maturity3.983%Jun 26, 2025Yield to maturity3.878%Jul 1, 2025Yield to maturity3.908%Jul 7, 2025Yield to maturity4.037%Jul 10, 2025Yield to maturity3.999%Jul 15, 2025Yield to maturity4.124%Jul 18, 2025Yield to maturity4.036%Jul 23, 2025Yield to maturity4.011%Jul 28, 2025Yield to maturity4.041%Jul 31, 2025Yield to maturity4.016%Aug 5, 2025Yield to maturity3.828%Aug 8, 2025Yield to maturity3.890%Aug 13, 2025Yield to maturity3.833%Aug 18, 2025Yield to maturity3.914%Aug 21, 2025Yield to maturity3.914%Aug 26, 2025Yield to maturity3.806%Aug 29, 2025Yield to maturity3.761%Sep 4, 2025Yield to maturity3.710%Sep 9, 2025Yield to maturity3.659%Sep 12, 2025Yield to maturity3.676%Sep 17, 2025Yield to maturity3.675%Sep 22, 2025Yield to maturity3.756%Sep 25, 2025Yield to maturity3.812%Sep 30, 2025Yield to maturity3.780%Oct 3, 2025Yield to maturity3.759%Oct 8, 2025Yield to maturity3.765%Oct 14, 2025Yield to maturity3.643%Oct 17, 2025Yield to maturity3.635%Oct 22, 2025Yield to maturity3.596%Oct 27, 2025Yield to maturity3.658%Oct 30, 2025Yield to maturity3.753%Nov 4, 2025Yield to maturity3.733%Nov 7, 2025Yield to maturity3.712%Nov 13, 2025Yield to maturity3.737%Nov 18, 2025Yield to maturity3.729%Nov 21, 2025Yield to maturity3.650%Nov 26, 2025Yield to maturity3.604%Dec 2, 2025Yield to maturity3.687%Dec 5, 2025Yield to maturity3.744%Dec 10, 2025Yield to maturity3.750%Dec 15, 2025Yield to maturity3.762%Dec 18, 2025Yield to maturity3.689%Dec 23, 2025Yield to maturity3.767%Dec 29, 2025Yield to maturity3.693%Jan 2, 2026Yield to maturity3.764%Jan 7, 2026Yield to maturity3.717%Jan 12, 2026Yield to maturity3.783%Jan 15, 2026Yield to maturity3.789%Jan 21, 2026Yield to maturity3.855%Jan 26, 2026Yield to maturity3.840%Jan 29, 2026Yield to maturity3.826%Feb 3, 2026Yield to maturity3.845%Feb 6, 2026Yield to maturity3.770%Feb 11, 2026Yield to maturity3.763%Feb 17, 2026Yield to maturity3.639%Feb 20, 2026Yield to maturity3.665%Feb 25, 2026Yield to maturity3.630%Mar 2, 2026Yield to maturity3.636%Mar 5, 2026Yield to maturity3.737%Mar 10, 2026Yield to maturity3.749%Mar 13, 2026Yield to maturity3.886%Mar 18, 2026Yield to maturity3.885%Mar 23, 2026Yield to maturity3.982%Mar 26, 2026Yield to maturity4.115%Mar 31, 2026Yield to maturity3.939%Apr 3, 2026Yield to maturity4.001%Apr 8, 2026Yield to maturity3.930%Apr 13, 2026Yield to maturity3.922%Apr 16, 2026Yield to maturity3.922%Apr 21, 2026Yield to maturity3.914%Apr 24, 2026Yield to maturity3.927%Apr 29, 2026Yield to maturity4.062%May 4, 2026Yield to maturity4.090%May 7, 2026Yield to maturity4.047%May 12, 2026Yield to maturity4.126%May 15, 2026Yield to maturity4.263%May 20, 2026Yield to maturity4.227%May 26, 2026Yield to maturity4.190%May 29, 2026Yield to maturity4.139%Jun 3, 2026Yield to maturity4.212%Jun 8, 2026Yield to maturity4.286%Jun 11, 2026Yield to maturity4.175%Jun 16, 2026Yield to maturity4.153%Jun 22, 2026Yield to maturity4.293%Jun 25, 2026Yield to maturity4.160%Jun 30, 2026Yield to maturity4.197%Jul 6, 2026Yield to maturity4.204%Jul 9, 2026Yield to maturity4.264%Jul 14, 2026Yield to maturity4.309%Jul 17, 2026Yield to maturity4.279%Jul 22, 2026Yield to maturity4.408%Jul 27, 2026Yield to maturity4.401%Jul 30, 2026Yield to maturity4.378%Aug 4, 2026Yield to maturity4.325%Aug 7, 2026Yield to maturity4.333%Aug 12, 2026Yield to maturity4.364%Aug 17, 2026Yield to maturity4.357%Aug 20, 2026Yield to maturity4.365%Aug 25, 2026Yield to maturity4.335%Aug 28, 2026Yield to maturity4.475%Sep 2, 2026Yield to maturity4.537%Sep 8, 2026Yield to maturity4.554%Sep 11, 2026Yield to maturity4.768%Sep 16, 2026Yield to maturity4.865%Sep 21, 2026Yield to maturity4.842%Sep 24, 2026Yield to maturity5.045%Sep 29, 2026Yield to maturity5.055%Oct 2, 2026Yield to maturity5.049%Oct 7, 2026Yield to maturity5.010%Oct 13, 2026Yield to maturity4.996%Oct 16, 2026Yield to maturity4.884%Oct 21, 2026Yield to maturity4.950%Oct 26, 2026Yield to maturity4.837%Oct 29, 2026Yield to maturity4.789%Nov 3, 2026Yield to maturity4.742%Nov 6, 2026Yield to maturity4.645%Nov 9, 2026Yield to maturity4.670%

Price history

674 trading days to Nov 9, 2026

9698100102104106Feb 29, 2024Nov 9, 2026Feb 29, 2024Close99.844Mar 5, 2024Close100.625Mar 8, 2024Close101.031Mar 13, 2024Close100.313Mar 18, 2024Close99.375Mar 21, 2024Close99.813Mar 26, 2024Close100.094Apr 1, 2024Close99.500Apr 4, 2024Close99.625Apr 9, 2024Close99.250Apr 12, 2024Close98.375Apr 17, 2024Close97.906Apr 22, 2024Close97.688Apr 25, 2024Close97.281Apr 30, 2024Close97.313May 3, 2024Close98.625May 8, 2024Close98.594May 13, 2024Close98.594May 16, 2024Close99.219May 21, 2024Close99.000May 24, 2024Close98.625May 30, 2024Close98.156Jun 4, 2024Close99.500Jun 7, 2024Close98.875Jun 12, 2024Close99.625Jun 17, 2024Close99.813Jun 21, 2024Close99.969Jun 26, 2024Close99.563Jul 1, 2024Close98.813Jul 5, 2024Close100.094Jul 10, 2024Close100.031Jul 15, 2024Close100.500Jul 18, 2024Close100.656Jul 23, 2024Close100.406Jul 26, 2024Close100.781Jul 31, 2024Close101.469Aug 5, 2024Close103.406Aug 8, 2024Close102.063Aug 13, 2024Close102.969Aug 16, 2024Close102.531Aug 21, 2024Close103.188Aug 26, 2024Close103.031Aug 29, 2024Close102.813Sep 4, 2024Close103.469Sep 9, 2024Close103.875Sep 12, 2024Close104.000Sep 17, 2024Close104.219Sep 20, 2024Close103.844Sep 25, 2024Close103.563Sep 30, 2024Close103.313Oct 3, 2024Close103.094Oct 8, 2024Close101.813Oct 11, 2024Close101.625Oct 17, 2024Close101.531Oct 22, 2024Close100.906Oct 25, 2024Close100.594Oct 30, 2024Close100.281Nov 4, 2024Close100.094Nov 7, 2024Close100.063Nov 13, 2024Close99.344Nov 18, 2024Close99.500Nov 21, 2024Close99.438Nov 26, 2024Close100.031Dec 2, 2024Close100.656Dec 5, 2024Close100.719Dec 10, 2024Close100.563Dec 13, 2024Close99.656Dec 18, 2024Close98.969Dec 23, 2024Close98.625Dec 27, 2024Close98.563Jan 2, 2025Close98.938Jan 7, 2025Close98.438Jan 10, 2025Close97.813Jan 15, 2025Close98.531Jan 21, 2025Close98.875Jan 24, 2025Close98.656Jan 29, 2025Close99.094Feb 3, 2025Close99.094Feb 6, 2025Close99.563Feb 11, 2025Close99.063Feb 14, 2025Close99.281Feb 20, 2025Close99.188Feb 25, 2025Close100.313Feb 28, 2025Close100.781Mar 5, 2025Close100.531Mar 10, 2025Close101.000Mar 13, 2025Close100.750Mar 18, 2025Close100.563Mar 21, 2025Close100.875Mar 26, 2025Close100.438Mar 31, 2025Close101.125Apr 3, 2025Close102.219Apr 8, 2025Close101.375Apr 11, 2025Close99.938Apr 16, 2025Close101.281Apr 22, 2025Close100.781Apr 25, 2025Close101.344Apr 30, 2025Close102.156May 5, 2025Close101.094May 8, 2025Close100.813May 13, 2025Close100.219May 16, 2025Close100.531May 21, 2025Close100.031May 27, 2025Close100.688May 30, 2025Close100.906Jun 4, 2025Close101.125Jun 9, 2025Close100.344Jun 12, 2025Close101.031Jun 17, 2025Close100.938Jun 23, 2025Close101.344Jun 26, 2025Close101.875Jul 1, 2025Close101.719Jul 7, 2025Close101.063Jul 10, 2025Close101.250Jul 15, 2025Close100.625Jul 18, 2025Close101.063Jul 23, 2025Close101.188Jul 28, 2025Close101.031Jul 31, 2025Close101.156Aug 5, 2025Close102.094Aug 8, 2025Close101.781Aug 13, 2025Close102.063Aug 18, 2025Close101.656Aug 21, 2025Close101.656Aug 26, 2025Close102.188Aug 29, 2025Close102.406Sep 4, 2025Close102.656Sep 9, 2025Close102.906Sep 12, 2025Close102.813Sep 17, 2025Close102.813Sep 22, 2025Close102.406Sep 25, 2025Close102.125Sep 30, 2025Close102.281Oct 3, 2025Close102.375Oct 8, 2025Close102.344Oct 14, 2025Close102.938Oct 17, 2025Close102.969Oct 22, 2025Close103.156Oct 27, 2025Close102.844Oct 30, 2025Close102.375Nov 4, 2025Close102.469Nov 7, 2025Close102.563Nov 13, 2025Close102.438Nov 18, 2025Close102.469Nov 21, 2025Close102.844Nov 26, 2025Close103.063Dec 2, 2025Close102.656Dec 5, 2025Close102.375Dec 10, 2025Close102.344Dec 15, 2025Close102.281Dec 18, 2025Close102.625Dec 23, 2025Close102.250Dec 29, 2025Close102.594Jan 2, 2026Close102.250Jan 7, 2026Close102.469Jan 12, 2026Close102.156Jan 15, 2026Close102.125Jan 21, 2026Close101.813Jan 26, 2026Close101.875Jan 29, 2026Close101.938Feb 3, 2026Close101.844Feb 6, 2026Close102.188Feb 11, 2026Close102.219Feb 17, 2026Close102.781Feb 20, 2026Close102.656Feb 25, 2026Close102.813Mar 2, 2026Close102.781Mar 5, 2026Close102.313Mar 10, 2026Close102.250Mar 13, 2026Close101.625Mar 18, 2026Close101.625Mar 23, 2026Close101.188Mar 26, 2026Close100.594Mar 31, 2026Close101.375Apr 3, 2026Close101.094Apr 8, 2026Close101.406Apr 13, 2026Close101.438Apr 16, 2026Close101.438Apr 21, 2026Close101.469Apr 24, 2026Close101.406Apr 29, 2026Close100.813May 4, 2026Close100.688May 7, 2026Close100.875May 12, 2026Close100.531May 15, 2026Close99.938May 20, 2026Close100.094May 26, 2026Close100.250May 29, 2026Close100.469Jun 3, 2026Close100.156Jun 8, 2026Close99.844Jun 11, 2026Close100.313Jun 16, 2026Close100.406Jun 22, 2026Close99.813Jun 25, 2026Close100.375Jun 30, 2026Close100.219Jul 6, 2026Close100.188Jul 9, 2026Close99.938Jul 14, 2026Close99.750Jul 17, 2026Close99.875Jul 22, 2026Close99.344Jul 27, 2026Close99.375Jul 30, 2026Close99.469Aug 4, 2026Close99.688Aug 7, 2026Close99.656Aug 12, 2026Close99.531Aug 17, 2026Close99.563Aug 20, 2026Close99.531Aug 25, 2026Close99.656Aug 28, 2026Close99.094Sep 2, 2026Close98.844Sep 8, 2026Close98.781Sep 11, 2026Close97.938Sep 16, 2026Close97.563Sep 21, 2026Close97.656Sep 24, 2026Close96.875Sep 29, 2026Close96.844Oct 2, 2026Close96.875Oct 7, 2026Close97.031Oct 13, 2026Close97.094Oct 16, 2026Close97.531Oct 21, 2026Close97.281Oct 26, 2026Close97.719Oct 29, 2026Close97.906Nov 3, 2026Close98.094Nov 6, 2026Close98.469Nov 9, 2026Close98.375
The most recent 20 trading days of prices for 91282CKC4.
DateBidOfferClose
Nov 9, 202698.37598.39198.375
Nov 6, 202698.46998.48498.469
Nov 5, 202698.53198.54798.656
Nov 4, 202698.21998.25098.313
Nov 3, 202698.15698.17298.094
Nov 2, 202698.28198.31398.250
Oct 30, 202698.09498.10998.188
Oct 29, 202697.93897.95397.906
Oct 28, 202697.56397.57897.625
Oct 27, 202697.75097.76697.719
Oct 26, 202697.78197.79797.719
Oct 23, 202697.81397.82897.813
Oct 22, 202697.75097.76697.938
Oct 21, 202697.37597.39197.281
Oct 20, 202697.40697.42297.344
Oct 19, 202697.37597.39197.344
Oct 16, 202697.53197.54797.531
Oct 15, 202697.40697.43897.438
Oct 14, 202696.87596.89197.094
Oct 13, 202697.06397.07897.094

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.

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 91282CKC4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 27, 2024Feb 29, 2024New issue$42.0bn$43.8bn2.58x4.327%

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.