Treasury note
91282CKE0 · 4.25% due March 15, 2027
- Original term
- 3-Year
- Maturity
- Mar 15, 2027
- Coupon
- 4.250%
- Pays
- Semi-Annual
- Dated
- Mar 15, 2024
- First coupon
- Sep 15, 2024
- Priced through
- Nov 9, 2026
- Analyzed through
- Nov 9, 2026
Statement of October 31, 2026
- Amount outstanding
- $55.20bn
- Held stripped
- $26.4m
- Share stripped
- 0.05%
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
- 4.222%
- Modified duration
- 0.340 yr
- DV01
- 0.0034
- Convexity
- 0.00232
- Dirty price
- 100.657
Where its rate sensitivity sits
Against the fitted curve
Priced 1.7 bp cheap to the curve on that day, 0.58 cents per 100 of face.
That is 2.17 standard deviations from its own typical residual.
Yield to maturity, 663 observations
Price history
663 trading days to Nov 9, 2026
| Date | Bid | Offer | Close |
|---|---|---|---|
| Nov 9, 2026 | 100.000 | – | 100.000 |
| Nov 6, 2026 | 100.031 | – | 100.000 |
| Nov 5, 2026 | 100.000 | – | 100.031 |
| Nov 4, 2026 | 100.031 | – | 100.000 |
| Nov 3, 2026 | 100.031 | – | 100.031 |
| Nov 2, 2026 | 100.031 | – | 100.031 |
| Oct 30, 2026 | 100.031 | – | 100.031 |
| Oct 29, 2026 | 100.031 | – | 100.031 |
| Oct 28, 2026 | 100.000 | – | 100.000 |
| Oct 27, 2026 | 100.031 | – | 100.000 |
| Oct 26, 2026 | 100.000 | – | 100.000 |
| Oct 23, 2026 | 100.031 | – | 100.000 |
| Oct 22, 2026 | 100.000 | – | 100.031 |
| Oct 21, 2026 | 100.000 | – | 100.000 |
| Oct 20, 2026 | 100.000 | – | 100.000 |
| Oct 19, 2026 | 100.000 | – | 100.000 |
| Oct 16, 2026 | 100.000 | – | 100.000 |
| Oct 15, 2026 | 100.000 | – | 99.969 |
| Oct 14, 2026 | 99.969 | – | 99.969 |
| Oct 13, 2026 | 100.000 | – | 100.000 |
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 date | Issued | Type | Offered | Accepted | Bid to cover | High yield |
|---|---|---|---|---|---|---|
| Mar 11, 2024 | Mar 15, 2024 | New issue | $56.0bn | $56.0bn | 2.60x | 4.256% |