Treasury note

91282CKF7 · 4.125% due March 31, 2031

Original term
7-Year
Maturity
Mar 31, 2031
Coupon
4.125%
Pays
Semi-Annual
Dated
Mar 31, 2024
First coupon
Sep 30, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$42.35bn
Held stripped
$4.8m
Share stripped
0.01%

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
4.665%
Modified duration
3.944 yr
DV01
0.0388
Convexity
0.183
Dirty price
98.340

Where its rate sensitivity sits

<.01
0.01
0.03
0.08
1.29
2.62
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 4.034 years against a modified duration of 3.944.

Against the fitted curve

Priced 0.5 bp rich to the curve on that day, 1.75 cents per 100 of face.

That is -0.89 standard deviations from its own typical residual.

Yield to maturity, 653 observations

3.0%3.5%4.0%4.5%5.0%5.5%Apr 1, 2024Nov 9, 2026Apr 1, 2024Yield to maturity4.334%Apr 4, 2024Yield to maturity4.308%Apr 9, 2024Yield to maturity4.377%Apr 12, 2024Yield to maturity4.526%Apr 17, 2024Yield to maturity4.613%Apr 22, 2024Yield to maturity4.646%Apr 25, 2024Yield to maturity4.723%Apr 30, 2024Yield to maturity4.713%May 3, 2024Yield to maturity4.486%May 8, 2024Yield to maturity4.497%May 13, 2024Yield to maturity4.498%May 16, 2024Yield to maturity4.385%May 21, 2024Yield to maturity4.423%May 24, 2024Yield to maturity4.488%May 30, 2024Yield to maturity4.565%Jun 4, 2024Yield to maturity4.332%Jun 7, 2024Yield to maturity4.441%Jun 12, 2024Yield to maturity4.311%Jun 17, 2024Yield to maturity4.279%Jun 21, 2024Yield to maturity4.253%Jun 26, 2024Yield to maturity4.323%Jul 1, 2024Yield to maturity4.454%Jul 5, 2024Yield to maturity4.232%Jul 10, 2024Yield to maturity4.248%Jul 15, 2024Yield to maturity4.162%Jul 18, 2024Yield to maturity4.140%Jul 23, 2024Yield to maturity4.184%Jul 26, 2024Yield to maturity4.113%Jul 31, 2024Yield to maturity3.995%Aug 5, 2024Yield to maturity3.665%Aug 8, 2024Yield to maturity3.893%Aug 13, 2024Yield to maturity3.733%Aug 16, 2024Yield to maturity3.806%Aug 21, 2024Yield to maturity3.700%Aug 26, 2024Yield to maturity3.720%Aug 29, 2024Yield to maturity3.763%Sep 4, 2024Yield to maturity3.645%Sep 9, 2024Yield to maturity3.575%Sep 12, 2024Yield to maturity3.553%Sep 17, 2024Yield to maturity3.515%Sep 20, 2024Yield to maturity3.578%Sep 25, 2024Yield to maturity3.631%Sep 30, 2024Yield to maturity3.667%Oct 3, 2024Yield to maturity3.710%Oct 8, 2024Yield to maturity3.932%Oct 11, 2024Yield to maturity3.964%Oct 17, 2024Yield to maturity3.981%Oct 22, 2024Yield to maturity4.091%Oct 25, 2024Yield to maturity4.147%Oct 30, 2024Yield to maturity4.203%Nov 4, 2024Yield to maturity4.237%Nov 7, 2024Yield to maturity4.243%Nov 13, 2024Yield to maturity4.368%Nov 18, 2024Yield to maturity4.346%Nov 21, 2024Yield to maturity4.357%Nov 26, 2024Yield to maturity4.243%Dec 2, 2024Yield to maturity4.135%Dec 5, 2024Yield to maturity4.118%Dec 10, 2024Yield to maturity4.147%Dec 13, 2024Yield to maturity4.319%Dec 18, 2024Yield to maturity4.441%Dec 23, 2024Yield to maturity4.505%Dec 27, 2024Yield to maturity4.518%Jan 2, 2025Yield to maturity4.448%Jan 7, 2025Yield to maturity4.543%Jan 10, 2025Yield to maturity4.674%Jan 15, 2025Yield to maturity4.532%Jan 21, 2025Yield to maturity4.463%Jan 24, 2025Yield to maturity4.505%Jan 29, 2025Yield to maturity4.428%Feb 3, 2025Yield to maturity4.429%Feb 6, 2025Yield to maturity4.341%Feb 11, 2025Yield to maturity4.436%Feb 14, 2025Yield to maturity4.389%Feb 20, 2025Yield to maturity4.407%Feb 25, 2025Yield to maturity4.195%Feb 28, 2025Yield to maturity4.107%Mar 5, 2025Yield to maturity4.148%Mar 10, 2025Yield to maturity4.066%Mar 13, 2025Yield to maturity4.113%Mar 18, 2025Yield to maturity4.148%Mar 21, 2025Yield to maturity4.083%Mar 26, 2025Yield to maturity4.172%Mar 31, 2025Yield to maturity4.042%Apr 3, 2025Yield to maturity3.836%Apr 8, 2025Yield to maturity3.988%Apr 11, 2025Yield to maturity4.263%Apr 16, 2025Yield to maturity4.012%Apr 22, 2025Yield to maturity4.107%Apr 25, 2025Yield to maturity3.999%Apr 30, 2025Yield to maturity3.845%May 5, 2025Yield to maturity4.052%May 8, 2025Yield to maturity4.100%May 13, 2025Yield to maturity4.221%May 16, 2025Yield to maturity4.154%May 21, 2025Yield to maturity4.258%May 27, 2025Yield to maturity4.124%May 30, 2025Yield to maturity4.082%Jun 4, 2025Yield to maturity4.033%Jun 9, 2025Yield to maturity4.185%Jun 12, 2025Yield to maturity4.051%Jun 17, 2025Yield to maturity4.069%Jun 23, 2025Yield to maturity3.989%Jun 26, 2025Yield to maturity3.886%Jul 1, 2025Yield to maturity3.922%Jul 7, 2025Yield to maturity4.044%Jul 10, 2025Yield to maturity4.007%Jul 15, 2025Yield to maturity4.136%Jul 18, 2025Yield to maturity4.043%Jul 23, 2025Yield to maturity4.025%Jul 28, 2025Yield to maturity4.056%Jul 31, 2025Yield to maturity4.031%Aug 5, 2025Yield to maturity3.839%Aug 8, 2025Yield to maturity3.906%Aug 13, 2025Yield to maturity3.844%Aug 18, 2025Yield to maturity3.930%Aug 21, 2025Yield to maturity3.930%Aug 26, 2025Yield to maturity3.818%Aug 29, 2025Yield to maturity3.767%Sep 4, 2025Yield to maturity3.717%Sep 9, 2025Yield to maturity3.661%Sep 12, 2025Yield to maturity3.685%Sep 17, 2025Yield to maturity3.678%Sep 22, 2025Yield to maturity3.758%Sep 25, 2025Yield to maturity3.820%Sep 30, 2025Yield to maturity3.795%Oct 3, 2025Yield to maturity3.769%Oct 8, 2025Yield to maturity3.781%Oct 14, 2025Yield to maturity3.654%Oct 17, 2025Yield to maturity3.646%Oct 22, 2025Yield to maturity3.608%Oct 27, 2025Yield to maturity3.663%Oct 30, 2025Yield to maturity3.764%Nov 4, 2025Yield to maturity3.738%Nov 7, 2025Yield to maturity3.718%Nov 13, 2025Yield to maturity3.749%Nov 18, 2025Yield to maturity3.735%Nov 21, 2025Yield to maturity3.664%Nov 26, 2025Yield to maturity3.612%Dec 2, 2025Yield to maturity3.700%Dec 5, 2025Yield to maturity3.751%Dec 10, 2025Yield to maturity3.763%Dec 15, 2025Yield to maturity3.769%Dec 18, 2025Yield to maturity3.704%Dec 23, 2025Yield to maturity3.774%Dec 29, 2025Yield to maturity3.701%Jan 2, 2026Yield to maturity3.772%Jan 7, 2026Yield to maturity3.726%Jan 12, 2026Yield to maturity3.791%Jan 15, 2026Yield to maturity3.797%Jan 21, 2026Yield to maturity3.856%Jan 26, 2026Yield to maturity3.849%Jan 29, 2026Yield to maturity3.835%Feb 3, 2026Yield to maturity3.854%Feb 6, 2026Yield to maturity3.780%Feb 11, 2026Yield to maturity3.773%Feb 17, 2026Yield to maturity3.651%Feb 20, 2026Yield to maturity3.670%Feb 25, 2026Yield to maturity3.643%Mar 2, 2026Yield to maturity3.642%Mar 5, 2026Yield to maturity3.742%Mar 10, 2026Yield to maturity3.755%Mar 13, 2026Yield to maturity3.897%Mar 18, 2026Yield to maturity3.890%Mar 23, 2026Yield to maturity3.986%Mar 26, 2026Yield to maturity4.125%Mar 31, 2026Yield to maturity3.944%Apr 3, 2026Yield to maturity4.006%Apr 8, 2026Yield to maturity3.943%Apr 13, 2026Yield to maturity3.936%Apr 16, 2026Yield to maturity3.929%Apr 21, 2026Yield to maturity3.921%Apr 24, 2026Yield to maturity3.927%Apr 29, 2026Yield to maturity4.068%May 4, 2026Yield to maturity4.096%May 7, 2026Yield to maturity4.053%May 12, 2026Yield to maturity4.131%May 15, 2026Yield to maturity4.268%May 20, 2026Yield to maturity4.232%May 26, 2026Yield to maturity4.196%May 29, 2026Yield to maturity4.146%Jun 3, 2026Yield to maturity4.218%Jun 8, 2026Yield to maturity4.291%Jun 11, 2026Yield to maturity4.182%Jun 16, 2026Yield to maturity4.160%Jun 22, 2026Yield to maturity4.299%Jun 25, 2026Yield to maturity4.168%Jun 30, 2026Yield to maturity4.204%Jul 6, 2026Yield to maturity4.212%Jul 9, 2026Yield to maturity4.271%Jul 14, 2026Yield to maturity4.309%Jul 17, 2026Yield to maturity4.279%Jul 22, 2026Yield to maturity4.414%Jul 27, 2026Yield to maturity4.408%Jul 30, 2026Yield to maturity4.378%Aug 4, 2026Yield to maturity4.334%Aug 7, 2026Yield to maturity4.342%Aug 12, 2026Yield to maturity4.365%Aug 17, 2026Yield to maturity4.366%Aug 20, 2026Yield to maturity4.374%Aug 25, 2026Yield to maturity4.344%Aug 28, 2026Yield to maturity4.482%Sep 2, 2026Yield to maturity4.545%Sep 8, 2026Yield to maturity4.562%Sep 11, 2026Yield to maturity4.774%Sep 16, 2026Yield to maturity4.870%Sep 21, 2026Yield to maturity4.840%Sep 24, 2026Yield to maturity5.049%Sep 29, 2026Yield to maturity5.059%Oct 2, 2026Yield to maturity5.054%Oct 7, 2026Yield to maturity5.015%Oct 13, 2026Yield to maturity5.002%Oct 16, 2026Yield to maturity4.891%Oct 21, 2026Yield to maturity4.949%Oct 26, 2026Yield to maturity4.830%Oct 29, 2026Yield to maturity4.791%Nov 3, 2026Yield to maturity4.736%Nov 6, 2026Yield to maturity4.641%Nov 9, 2026Yield to maturity4.665%

Price history

653 trading days to Nov 9, 2026

9698100102104Apr 1, 2024Nov 9, 2026Apr 1, 2024Close98.750Apr 4, 2024Close98.906Apr 9, 2024Close98.500Apr 12, 2024Close97.625Apr 17, 2024Close97.125Apr 22, 2024Close96.938Apr 25, 2024Close96.500Apr 30, 2024Close96.563May 3, 2024Close97.875May 8, 2024Close97.813May 13, 2024Close97.813May 16, 2024Close98.469May 21, 2024Close98.250May 24, 2024Close97.875May 30, 2024Close97.438Jun 4, 2024Close98.781Jun 7, 2024Close98.156Jun 12, 2024Close98.906Jun 17, 2024Close99.094Jun 21, 2024Close99.250Jun 26, 2024Close98.844Jul 1, 2024Close98.094Jul 5, 2024Close99.375Jul 10, 2024Close99.281Jul 15, 2024Close99.781Jul 18, 2024Close99.906Jul 23, 2024Close99.656Jul 26, 2024Close100.063Jul 31, 2024Close100.750Aug 5, 2024Close102.688Aug 8, 2024Close101.344Aug 13, 2024Close102.281Aug 16, 2024Close101.844Aug 21, 2024Close102.469Aug 26, 2024Close102.344Aug 29, 2024Close102.094Sep 4, 2024Close102.781Sep 9, 2024Close103.188Sep 12, 2024Close103.313Sep 17, 2024Close103.531Sep 20, 2024Close103.156Sep 25, 2024Close102.844Sep 30, 2024Close102.625Oct 3, 2024Close102.375Oct 8, 2024Close101.094Oct 11, 2024Close100.906Oct 17, 2024Close100.813Oct 22, 2024Close100.188Oct 25, 2024Close99.875Oct 30, 2024Close99.563Nov 4, 2024Close99.375Nov 7, 2024Close99.344Nov 13, 2024Close98.656Nov 18, 2024Close98.781Nov 21, 2024Close98.719Nov 26, 2024Close99.344Dec 2, 2024Close99.938Dec 5, 2024Close100.031Dec 10, 2024Close99.875Dec 13, 2024Close98.938Dec 18, 2024Close98.281Dec 23, 2024Close97.938Dec 27, 2024Close97.875Jan 2, 2025Close98.250Jan 7, 2025Close97.750Jan 10, 2025Close97.063Jan 15, 2025Close97.813Jan 21, 2025Close98.188Jan 24, 2025Close97.969Jan 29, 2025Close98.375Feb 3, 2025Close98.375Feb 6, 2025Close98.844Feb 11, 2025Close98.344Feb 14, 2025Close98.594Feb 20, 2025Close98.500Feb 25, 2025Close99.625Feb 28, 2025Close100.094Mar 5, 2025Close99.875Mar 10, 2025Close100.313Mar 13, 2025Close100.063Mar 18, 2025Close99.875Mar 21, 2025Close100.219Mar 26, 2025Close99.750Mar 31, 2025Close100.438Apr 3, 2025Close101.531Apr 8, 2025Close100.719Apr 11, 2025Close99.281Apr 16, 2025Close100.594Apr 22, 2025Close100.094Apr 25, 2025Close100.656Apr 30, 2025Close101.469May 5, 2025Close100.375May 8, 2025Close100.125May 13, 2025Close99.500May 16, 2025Close99.844May 21, 2025Close99.313May 27, 2025Close100.000May 30, 2025Close100.219Jun 4, 2025Close100.469Jun 9, 2025Close99.688Jun 12, 2025Close100.375Jun 17, 2025Close100.281Jun 23, 2025Close100.688Jun 26, 2025Close101.219Jul 1, 2025Close101.031Jul 7, 2025Close100.406Jul 10, 2025Close100.594Jul 15, 2025Close99.938Jul 18, 2025Close100.406Jul 23, 2025Close100.500Jul 28, 2025Close100.344Jul 31, 2025Close100.469Aug 5, 2025Close101.438Aug 8, 2025Close101.094Aug 13, 2025Close101.406Aug 18, 2025Close100.969Aug 21, 2025Close100.969Aug 26, 2025Close101.531Aug 29, 2025Close101.781Sep 4, 2025Close102.031Sep 9, 2025Close102.313Sep 12, 2025Close102.188Sep 17, 2025Close102.219Sep 22, 2025Close101.813Sep 25, 2025Close101.500Sep 30, 2025Close101.625Oct 3, 2025Close101.750Oct 8, 2025Close101.688Oct 14, 2025Close102.313Oct 17, 2025Close102.344Oct 22, 2025Close102.531Oct 27, 2025Close102.250Oct 30, 2025Close101.750Nov 4, 2025Close101.875Nov 7, 2025Close101.969Nov 13, 2025Close101.813Nov 18, 2025Close101.875Nov 21, 2025Close102.219Nov 26, 2025Close102.469Dec 2, 2025Close102.031Dec 5, 2025Close101.781Dec 10, 2025Close101.719Dec 15, 2025Close101.688Dec 18, 2025Close102.000Dec 23, 2025Close101.656Dec 29, 2025Close102.000Jan 2, 2026Close101.656Jan 7, 2026Close101.875Jan 12, 2026Close101.563Jan 15, 2026Close101.531Jan 21, 2026Close101.250Jan 26, 2026Close101.281Jan 29, 2026Close101.344Feb 3, 2026Close101.250Feb 6, 2026Close101.594Feb 11, 2026Close101.625Feb 17, 2026Close102.188Feb 20, 2026Close102.094Feb 25, 2026Close102.219Mar 2, 2026Close102.219Mar 5, 2026Close101.750Mar 10, 2026Close101.688Mar 13, 2026Close101.031Mar 18, 2026Close101.063Mar 23, 2026Close100.625Mar 26, 2026Close100.000Mar 31, 2026Close100.813Apr 3, 2026Close100.531Apr 8, 2026Close100.813Apr 13, 2026Close100.844Apr 16, 2026Close100.875Apr 21, 2026Close100.906Apr 24, 2026Close100.875Apr 29, 2026Close100.250May 4, 2026Close100.125May 7, 2026Close100.313May 12, 2026Close99.969May 15, 2026Close99.375May 20, 2026Close99.531May 26, 2026Close99.688May 29, 2026Close99.906Jun 3, 2026Close99.594Jun 8, 2026Close99.281Jun 11, 2026Close99.750Jun 16, 2026Close99.844Jun 22, 2026Close99.250Jun 25, 2026Close99.813Jun 30, 2026Close99.656Jul 6, 2026Close99.625Jul 9, 2026Close99.375Jul 14, 2026Close99.219Jul 17, 2026Close99.344Jul 22, 2026Close98.781Jul 27, 2026Close98.813Jul 30, 2026Close98.938Aug 4, 2026Close99.125Aug 7, 2026Close99.094Aug 12, 2026Close99.000Aug 17, 2026Close99.000Aug 20, 2026Close98.969Aug 25, 2026Close99.094Aug 28, 2026Close98.531Sep 2, 2026Close98.281Sep 8, 2026Close98.219Sep 11, 2026Close97.375Sep 16, 2026Close97.000Sep 21, 2026Close97.125Sep 24, 2026Close96.313Sep 29, 2026Close96.281Oct 2, 2026Close96.313Oct 7, 2026Close96.469Oct 13, 2026Close96.531Oct 16, 2026Close96.969Oct 21, 2026Close96.750Oct 26, 2026Close97.219Oct 29, 2026Close97.375Nov 3, 2026Close97.594Nov 6, 2026Close97.969Nov 9, 2026Close97.875
The most recent 20 trading days of prices for 91282CKF7.
DateBidOfferClose
Nov 9, 202697.84497.85997.875
Nov 6, 202697.93897.95397.969
Nov 5, 202698.00098.03198.156
Nov 4, 202697.68897.71997.781
Nov 3, 202697.62597.64197.594
Nov 2, 202697.78197.79797.719
Oct 30, 202697.56397.57897.656
Oct 29, 202697.40697.42297.375
Oct 28, 202697.03197.04797.094
Oct 27, 202697.21997.23497.188
Oct 26, 202697.21997.25097.219
Oct 23, 202697.25097.28197.281
Oct 22, 202697.18897.21997.406
Oct 21, 202696.81396.84496.750
Oct 20, 202696.84496.87596.781
Oct 19, 202696.81396.82896.781
Oct 16, 202696.96997.00096.969
Oct 15, 202696.84496.87596.875
Oct 14, 202696.28196.31396.531
Oct 13, 202696.50096.51696.531

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 91282CKF7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 27, 2024Apr 1, 2024New issue$43.0bn$43.0bn2.61x4.185%

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.