Treasury note

91282CKD2 · 4.25% due February 28, 2029

Original term
5-Year
Maturity
Feb 28, 2029
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
$66.43bn
Held stripped
$95.2m
Share stripped
0.14%

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
4.580%
Modified duration
2.152 yr
DV01
0.0215
Convexity
0.0582
Dirty price
100.115

Where its rate sensitivity sits

0.01
0.01
0.04
1.51
0.64
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 5 of twelve buckets, summing to 2.199 years against a modified duration of 2.152.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 2.88 cents per 100 of face.

That is -0.70 standard deviations from its own typical residual.

Yield to maturity, 674 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Feb 29, 2024Nov 9, 2026Feb 29, 2024Yield to maturity4.257%Mar 5, 2024Yield to maturity4.131%Mar 8, 2024Yield to maturity4.061%Mar 13, 2024Yield to maturity4.186%Mar 18, 2024Yield to maturity4.356%Mar 21, 2024Yield to maturity4.257%Mar 26, 2024Yield to maturity4.221%Apr 1, 2024Yield to maturity4.335%Apr 4, 2024Yield to maturity4.299%Apr 9, 2024Yield to maturity4.378%Apr 12, 2024Yield to maturity4.545%Apr 17, 2024Yield to maturity4.626%Apr 22, 2024Yield to maturity4.663%Apr 25, 2024Yield to maturity4.723%Apr 30, 2024Yield to maturity4.731%May 3, 2024Yield to maturity4.489%May 8, 2024Yield to maturity4.512%May 13, 2024Yield to maturity4.512%May 16, 2024Yield to maturity4.410%May 21, 2024Yield to maturity4.439%May 24, 2024Yield to maturity4.536%May 30, 2024Yield to maturity4.589%Jun 4, 2024Yield to maturity4.367%Jun 7, 2024Yield to maturity4.471%Jun 12, 2024Yield to maturity4.337%Jun 17, 2024Yield to maturity4.323%Jun 21, 2024Yield to maturity4.278%Jun 26, 2024Yield to maturity4.353%Jul 1, 2024Yield to maturity4.451%Jul 5, 2024Yield to maturity4.234%Jul 10, 2024Yield to maturity4.249%Jul 15, 2024Yield to maturity4.129%Jul 18, 2024Yield to maturity4.122%Jul 23, 2024Yield to maturity4.151%Jul 26, 2024Yield to maturity4.076%Jul 31, 2024Yield to maturity3.971%Aug 5, 2024Yield to maturity3.621%Aug 8, 2024Yield to maturity3.828%Aug 13, 2024Yield to maturity3.678%Aug 16, 2024Yield to maturity3.773%Aug 21, 2024Yield to maturity3.653%Aug 26, 2024Yield to maturity3.666%Aug 29, 2024Yield to maturity3.695%Sep 4, 2024Yield to maturity3.573%Sep 9, 2024Yield to maturity3.497%Sep 12, 2024Yield to maturity3.473%Sep 17, 2024Yield to maturity3.448%Sep 20, 2024Yield to maturity3.483%Sep 25, 2024Yield to maturity3.520%Sep 30, 2024Yield to maturity3.578%Oct 3, 2024Yield to maturity3.630%Oct 8, 2024Yield to maturity3.874%Oct 11, 2024Yield to maturity3.889%Oct 17, 2024Yield to maturity3.904%Oct 22, 2024Yield to maturity4.012%Oct 25, 2024Yield to maturity4.082%Oct 30, 2024Yield to maturity4.145%Nov 4, 2024Yield to maturity4.177%Nov 7, 2024Yield to maturity4.185%Nov 13, 2024Yield to maturity4.313%Nov 18, 2024Yield to maturity4.289%Nov 21, 2024Yield to maturity4.321%Nov 26, 2024Yield to maturity4.224%Dec 2, 2024Yield to maturity4.111%Dec 5, 2024Yield to maturity4.102%Dec 10, 2024Yield to maturity4.118%Dec 13, 2024Yield to maturity4.265%Dec 18, 2024Yield to maturity4.405%Dec 23, 2024Yield to maturity4.439%Dec 27, 2024Yield to maturity4.448%Jan 2, 2025Yield to maturity4.365%Jan 7, 2025Yield to maturity4.441%Jan 10, 2025Yield to maturity4.576%Jan 15, 2025Yield to maturity4.433%Jan 21, 2025Yield to maturity4.392%Jan 24, 2025Yield to maturity4.409%Jan 29, 2025Yield to maturity4.334%Feb 3, 2025Yield to maturity4.342%Feb 6, 2025Yield to maturity4.275%Feb 11, 2025Yield to maturity4.360%Feb 14, 2025Yield to maturity4.327%Feb 20, 2025Yield to maturity4.335%Feb 25, 2025Yield to maturity4.122%Feb 28, 2025Yield to maturity4.028%Mar 5, 2025Yield to maturity4.061%Mar 10, 2025Yield to maturity3.966%Mar 13, 2025Yield to maturity4.000%Mar 18, 2025Yield to maturity4.059%Mar 21, 2025Yield to maturity3.981%Mar 26, 2025Yield to maturity4.058%Mar 31, 2025Yield to maturity3.928%Apr 3, 2025Yield to maturity3.720%Apr 8, 2025Yield to maturity3.830%Apr 11, 2025Yield to maturity4.099%Apr 16, 2025Yield to maturity3.846%Apr 22, 2025Yield to maturity3.905%Apr 25, 2025Yield to maturity3.825%Apr 30, 2025Yield to maturity3.658%May 5, 2025Yield to maturity3.884%May 8, 2025Yield to maturity3.945%May 13, 2025Yield to maturity4.078%May 16, 2025Yield to maturity4.015%May 21, 2025Yield to maturity4.077%May 27, 2025Yield to maturity3.977%May 30, 2025Yield to maturity3.923%Jun 4, 2025Yield to maturity3.877%Jun 9, 2025Yield to maturity4.039%Jun 12, 2025Yield to maturity3.911%Jun 17, 2025Yield to maturity3.937%Jun 23, 2025Yield to maturity3.845%Jun 26, 2025Yield to maturity3.735%Jul 1, 2025Yield to maturity3.788%Jul 7, 2025Yield to maturity3.896%Jul 10, 2025Yield to maturity3.868%Jul 15, 2025Yield to maturity3.969%Jul 18, 2025Yield to maturity3.875%Jul 23, 2025Yield to maturity3.865%Jul 28, 2025Yield to maturity3.901%Jul 31, 2025Yield to maturity3.909%Aug 5, 2025Yield to maturity3.702%Aug 8, 2025Yield to maturity3.766%Aug 13, 2025Yield to maturity3.690%Aug 18, 2025Yield to maturity3.773%Aug 21, 2025Yield to maturity3.782%Aug 26, 2025Yield to maturity3.657%Aug 29, 2025Yield to maturity3.607%Sep 4, 2025Yield to maturity3.577%Sep 9, 2025Yield to maturity3.527%Sep 12, 2025Yield to maturity3.562%Sep 17, 2025Yield to maturity3.541%Sep 22, 2025Yield to maturity3.615%Sep 25, 2025Yield to maturity3.691%Sep 30, 2025Yield to maturity3.650%Oct 3, 2025Yield to maturity3.628%Oct 8, 2025Yield to maturity3.637%Oct 14, 2025Yield to maturity3.507%Oct 17, 2025Yield to maturity3.494%Oct 22, 2025Yield to maturity3.473%Oct 27, 2025Yield to maturity3.529%Oct 30, 2025Yield to maturity3.636%Nov 4, 2025Yield to maturity3.614%Nov 7, 2025Yield to maturity3.591%Nov 13, 2025Yield to maturity3.619%Nov 18, 2025Yield to maturity3.606%Nov 21, 2025Yield to maturity3.523%Nov 26, 2025Yield to maturity3.491%Dec 2, 2025Yield to maturity3.548%Dec 5, 2025Yield to maturity3.607%Dec 10, 2025Yield to maturity3.605%Dec 15, 2025Yield to maturity3.593%Dec 18, 2025Yield to maturity3.529%Dec 23, 2025Yield to maturity3.599%Dec 29, 2025Yield to maturity3.533%Jan 2, 2026Yield to maturity3.572%Jan 7, 2026Yield to maturity3.539%Jan 12, 2026Yield to maturity3.620%Jan 15, 2026Yield to maturity3.629%Jan 21, 2026Yield to maturity3.668%Jan 26, 2026Yield to maturity3.666%Jan 29, 2026Yield to maturity3.643%Feb 3, 2026Yield to maturity3.662%Feb 6, 2026Yield to maturity3.585%Feb 11, 2026Yield to maturity3.583%Feb 17, 2026Yield to maturity3.482%Feb 20, 2026Yield to maturity3.512%Feb 25, 2026Yield to maturity3.499%Mar 2, 2026Yield to maturity3.496%Mar 5, 2026Yield to maturity3.604%Mar 10, 2026Yield to maturity3.612%Mar 13, 2026Yield to maturity3.765%Mar 18, 2026Yield to maturity3.775%Mar 23, 2026Yield to maturity3.863%Mar 26, 2026Yield to maturity4.009%Mar 31, 2026Yield to maturity3.814%Apr 3, 2026Yield to maturity3.881%Apr 8, 2026Yield to maturity3.811%Apr 13, 2026Yield to maturity3.798%Apr 16, 2026Yield to maturity3.796%Apr 21, 2026Yield to maturity3.794%Apr 24, 2026Yield to maturity3.804%Apr 29, 2026Yield to maturity3.954%May 4, 2026Yield to maturity3.988%May 7, 2026Yield to maturity3.952%May 12, 2026Yield to maturity4.022%May 15, 2026Yield to maturity4.140%May 20, 2026Yield to maturity4.104%May 26, 2026Yield to maturity4.103%May 29, 2026Yield to maturity4.054%Jun 3, 2026Yield to maturity4.138%Jun 8, 2026Yield to maturity4.211%Jun 11, 2026Yield to maturity4.101%Jun 16, 2026Yield to maturity4.088%Jun 22, 2026Yield to maturity4.260%Jun 25, 2026Yield to maturity4.124%Jun 30, 2026Yield to maturity4.161%Jul 6, 2026Yield to maturity4.148%Jul 9, 2026Yield to maturity4.185%Jul 14, 2026Yield to maturity4.223%Jul 17, 2026Yield to maturity4.210%Jul 22, 2026Yield to maturity4.338%Jul 27, 2026Yield to maturity4.352%Jul 30, 2026Yield to maturity4.275%Aug 4, 2026Yield to maturity4.236%Aug 7, 2026Yield to maturity4.236%Aug 12, 2026Yield to maturity4.249%Aug 17, 2026Yield to maturity4.223%Aug 20, 2026Yield to maturity4.236%Aug 25, 2026Yield to maturity4.237%Aug 28, 2026Yield to maturity4.383%Sep 2, 2026Yield to maturity4.424%Sep 8, 2026Yield to maturity4.438%Sep 11, 2026Yield to maturity4.670%Sep 16, 2026Yield to maturity4.782%Sep 21, 2026Yield to maturity4.784%Sep 24, 2026Yield to maturity4.953%Sep 29, 2026Yield to maturity4.942%Oct 2, 2026Yield to maturity4.904%Oct 7, 2026Yield to maturity4.835%Oct 13, 2026Yield to maturity4.853%Oct 16, 2026Yield to maturity4.771%Oct 21, 2026Yield to maturity4.844%Oct 26, 2026Yield to maturity4.761%Oct 29, 2026Yield to maturity4.690%Nov 3, 2026Yield to maturity4.650%Nov 6, 2026Yield to maturity4.550%Nov 9, 2026Yield to maturity4.580%

Price history

674 trading days to Nov 9, 2026

979899100101102103104Feb 29, 2024Nov 9, 2026Feb 29, 2024Close99.969Mar 5, 2024Close100.531Mar 8, 2024Close100.844Mar 13, 2024Close100.281Mar 18, 2024Close99.531Mar 21, 2024Close99.969Mar 26, 2024Close100.125Apr 1, 2024Close99.625Apr 4, 2024Close99.781Apr 9, 2024Close99.438Apr 12, 2024Close98.719Apr 17, 2024Close98.375Apr 22, 2024Close98.219Apr 25, 2024Close97.969Apr 30, 2024Close97.938May 3, 2024Close98.969May 8, 2024Close98.875May 13, 2024Close98.875May 16, 2024Close99.313May 21, 2024Close99.188May 24, 2024Close98.781May 30, 2024Close98.563Jun 4, 2024Close99.500Jun 7, 2024Close99.063Jun 12, 2024Close99.625Jun 17, 2024Close99.688Jun 21, 2024Close99.875Jun 26, 2024Close99.563Jul 1, 2024Close99.156Jul 5, 2024Close100.063Jul 10, 2024Close100.000Jul 15, 2024Close100.500Jul 18, 2024Close100.531Jul 23, 2024Close100.406Jul 26, 2024Close100.719Jul 31, 2024Close101.156Aug 5, 2024Close102.625Aug 8, 2024Close101.750Aug 13, 2024Close102.375Aug 16, 2024Close101.969Aug 21, 2024Close102.469Aug 26, 2024Close102.406Aug 29, 2024Close102.281Sep 4, 2024Close102.781Sep 9, 2024Close103.094Sep 12, 2024Close103.188Sep 17, 2024Close103.281Sep 20, 2024Close103.125Sep 25, 2024Close102.969Sep 30, 2024Close102.719Oct 3, 2024Close102.500Oct 8, 2024Close101.500Oct 11, 2024Close101.438Oct 17, 2024Close101.375Oct 22, 2024Close100.938Oct 25, 2024Close100.656Oct 30, 2024Close100.406Nov 4, 2024Close100.281Nov 7, 2024Close100.250Nov 13, 2024Close99.750Nov 18, 2024Close99.844Nov 21, 2024Close99.719Nov 26, 2024Close100.094Dec 2, 2024Close100.531Dec 5, 2024Close100.563Dec 10, 2024Close100.500Dec 13, 2024Close99.938Dec 18, 2024Close99.406Dec 23, 2024Close99.281Dec 27, 2024Close99.250Jan 2, 2025Close99.563Jan 7, 2025Close99.281Jan 10, 2025Close98.781Jan 15, 2025Close99.313Jan 21, 2025Close99.469Jan 24, 2025Close99.406Jan 29, 2025Close99.688Feb 3, 2025Close99.656Feb 6, 2025Close99.906Feb 11, 2025Close99.594Feb 14, 2025Close99.719Feb 20, 2025Close99.688Feb 25, 2025Close100.469Feb 28, 2025Close100.813Mar 5, 2025Close100.688Mar 10, 2025Close101.031Mar 13, 2025Close100.906Mar 18, 2025Close100.688Mar 21, 2025Close100.969Mar 26, 2025Close100.688Mar 31, 2025Close101.156Apr 3, 2025Close101.906Apr 8, 2025Close101.500Apr 11, 2025Close100.531Apr 16, 2025Close101.438Apr 22, 2025Close101.219Apr 25, 2025Close101.500Apr 30, 2025Close102.094May 5, 2025Close101.281May 8, 2025Close101.063May 13, 2025Close100.594May 16, 2025Close100.813May 21, 2025Close100.594May 27, 2025Close100.938May 30, 2025Close101.125Jun 4, 2025Close101.281Jun 9, 2025Close100.719Jun 12, 2025Close101.156Jun 17, 2025Close101.063Jun 23, 2025Close101.375Jun 26, 2025Close101.750Jul 1, 2025Close101.563Jul 7, 2025Close101.188Jul 10, 2025Close101.281Jul 15, 2025Close100.938Jul 18, 2025Close101.250Jul 23, 2025Close101.281Jul 28, 2025Close101.156Jul 31, 2025Close101.125Aug 5, 2025Close101.813Aug 8, 2025Close101.594Aug 13, 2025Close101.844Aug 18, 2025Close101.563Aug 21, 2025Close101.531Aug 26, 2025Close101.938Aug 29, 2025Close102.094Sep 4, 2025Close102.188Sep 9, 2025Close102.344Sep 12, 2025Close102.219Sep 17, 2025Close102.281Sep 22, 2025Close102.031Sep 25, 2025Close101.781Sep 30, 2025Close101.906Oct 3, 2025Close101.969Oct 8, 2025Close101.938Oct 14, 2025Close102.344Oct 17, 2025Close102.375Oct 22, 2025Close102.438Oct 27, 2025Close102.250Oct 30, 2025Close101.906Nov 4, 2025Close101.969Nov 7, 2025Close102.031Nov 13, 2025Close101.938Nov 18, 2025Close101.969Nov 21, 2025Close102.219Nov 26, 2025Close102.313Dec 2, 2025Close102.125Dec 5, 2025Close101.938Dec 10, 2025Close101.938Dec 15, 2025Close101.969Dec 18, 2025Close102.156Dec 23, 2025Close101.938Dec 29, 2025Close102.125Jan 2, 2026Close102.000Jan 7, 2026Close102.094Jan 12, 2026Close101.844Jan 15, 2026Close101.813Jan 21, 2026Close101.688Jan 26, 2026Close101.688Jan 29, 2026Close101.750Feb 3, 2026Close101.688Feb 6, 2026Close101.906Feb 11, 2026Close101.906Feb 17, 2026Close102.188Feb 20, 2026Close102.094Feb 25, 2026Close102.125Mar 2, 2026Close102.125Mar 5, 2026Close101.813Mar 10, 2026Close101.781Mar 13, 2026Close101.344Mar 18, 2026Close101.313Mar 23, 2026Close101.063Mar 26, 2026Close100.656Mar 31, 2026Close101.188Apr 3, 2026Close101.000Apr 8, 2026Close101.188Apr 13, 2026Close101.219Apr 16, 2026Close101.219Apr 21, 2026Close101.219Apr 24, 2026Close101.188Apr 29, 2026Close100.781May 4, 2026Close100.688May 7, 2026Close100.781May 12, 2026Close100.594May 15, 2026Close100.281May 20, 2026Close100.375May 26, 2026Close100.375May 29, 2026Close100.500Jun 3, 2026Close100.281Jun 8, 2026Close100.094Jun 11, 2026Close100.375Jun 16, 2026Close100.406Jun 22, 2026Close99.969Jun 25, 2026Close100.313Jun 30, 2026Close100.219Jul 6, 2026Close100.250Jul 9, 2026Close100.156Jul 14, 2026Close100.063Jul 17, 2026Close100.094Jul 22, 2026Close99.781Jul 27, 2026Close99.750Jul 30, 2026Close99.938Aug 4, 2026Close100.031Aug 7, 2026Close100.031Aug 12, 2026Close100.000Aug 17, 2026Close100.063Aug 20, 2026Close100.031Aug 25, 2026Close100.031Aug 28, 2026Close99.688Sep 2, 2026Close99.594Sep 8, 2026Close99.563Sep 11, 2026Close99.031Sep 16, 2026Close98.781Sep 21, 2026Close98.781Sep 24, 2026Close98.406Sep 29, 2026Close98.438Oct 2, 2026Close98.531Oct 7, 2026Close98.688Oct 13, 2026Close98.656Oct 16, 2026Close98.844Oct 21, 2026Close98.688Oct 26, 2026Close98.875Oct 29, 2026Close99.031Nov 3, 2026Close99.125Nov 6, 2026Close99.344Nov 9, 2026Close99.281
The most recent 20 trading days of prices for 91282CKD2.
DateBidOfferClose
Nov 9, 202699.25099.26699.281
Nov 6, 202699.31399.34499.344
Nov 5, 202699.31399.34499.469
Nov 4, 202699.15699.18899.219
Nov 3, 202699.12599.15699.125
Nov 2, 202699.18899.20399.188
Oct 30, 202699.09499.12599.188
Oct 29, 202699.03199.04799.031
Oct 28, 202698.78198.79798.875
Oct 27, 202698.87598.89198.844
Oct 26, 202698.90698.92298.875
Oct 23, 202698.93898.95398.969
Oct 22, 202698.90698.92299.031
Oct 21, 202698.71998.73498.688
Oct 20, 202698.75098.76698.719
Oct 19, 202698.75098.76698.750
Oct 16, 202698.84498.85998.844
Oct 15, 202698.71998.75098.750
Oct 14, 202698.50098.51698.625
Oct 13, 202698.62598.64198.656

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 91282CKD2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 26, 2024Feb 29, 2024New issue$64.0bn$66.8bn2.41x4.320%

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.