Treasury note

91282CKG5 · 4.125% due March 31, 2029

Original term
5-Year
Maturity
Mar 31, 2029
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
$67.00bn
Held stripped
$0.0m
Share stripped
0.00%

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
4.584%
Modified duration
2.236 yr
DV01
0.0222
Convexity
0.0623
Dirty price
99.433

Where its rate sensitivity sits

<.01
0.01
0.03
1.39
0.85
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 2.287 years against a modified duration of 2.236.

Against the fitted curve

Priced 1.8 bp rich to the curve on that day, 3.94 cents per 100 of face.

That is -0.91 standard deviations from its own typical residual.

Yield to maturity, 653 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Apr 1, 2024Nov 9, 2026Apr 1, 2024Yield to maturity4.336%Apr 4, 2024Yield to maturity4.301%Apr 9, 2024Yield to maturity4.372%Apr 12, 2024Yield to maturity4.537%Apr 17, 2024Yield to maturity4.624%Apr 22, 2024Yield to maturity4.661%Apr 25, 2024Yield to maturity4.720%Apr 30, 2024Yield to maturity4.736%May 3, 2024Yield to maturity4.490%May 8, 2024Yield to maturity4.512%May 13, 2024Yield to maturity4.513%May 16, 2024Yield to maturity4.412%May 21, 2024Yield to maturity4.442%May 24, 2024Yield to maturity4.538%May 30, 2024Yield to maturity4.590%Jun 4, 2024Yield to maturity4.371%Jun 7, 2024Yield to maturity4.474%Jun 12, 2024Yield to maturity4.342%Jun 17, 2024Yield to maturity4.321%Jun 21, 2024Yield to maturity4.285%Jun 26, 2024Yield to maturity4.359%Jul 1, 2024Yield to maturity4.456%Jul 5, 2024Yield to maturity4.234%Jul 10, 2024Yield to maturity4.257%Jul 15, 2024Yield to maturity4.139%Jul 18, 2024Yield to maturity4.131%Jul 23, 2024Yield to maturity4.161%Jul 26, 2024Yield to maturity4.087%Jul 31, 2024Yield to maturity3.976%Aug 5, 2024Yield to maturity3.631%Aug 8, 2024Yield to maturity3.850%Aug 13, 2024Yield to maturity3.695%Aug 16, 2024Yield to maturity3.782%Aug 21, 2024Yield to maturity3.663%Aug 26, 2024Yield to maturity3.677%Aug 29, 2024Yield to maturity3.706%Sep 4, 2024Yield to maturity3.586%Sep 9, 2024Yield to maturity3.511%Sep 12, 2024Yield to maturity3.488%Sep 17, 2024Yield to maturity3.457%Sep 20, 2024Yield to maturity3.492%Sep 25, 2024Yield to maturity3.528%Sep 30, 2024Yield to maturity3.594%Oct 3, 2024Yield to maturity3.638%Oct 8, 2024Yield to maturity3.879%Oct 11, 2024Yield to maturity3.894%Oct 17, 2024Yield to maturity3.916%Oct 22, 2024Yield to maturity4.016%Oct 25, 2024Yield to maturity4.085%Oct 30, 2024Yield to maturity4.156%Nov 4, 2024Yield to maturity4.179%Nov 7, 2024Yield to maturity4.195%Nov 13, 2024Yield to maturity4.314%Nov 18, 2024Yield to maturity4.290%Nov 21, 2024Yield to maturity4.323%Nov 26, 2024Yield to maturity4.219%Dec 2, 2024Yield to maturity4.116%Dec 5, 2024Yield to maturity4.108%Dec 10, 2024Yield to maturity4.116%Dec 13, 2024Yield to maturity4.277%Dec 18, 2024Yield to maturity4.407%Dec 23, 2024Yield to maturity4.440%Dec 27, 2024Yield to maturity4.450%Jan 2, 2025Yield to maturity4.368%Jan 7, 2025Yield to maturity4.451%Jan 10, 2025Yield to maturity4.577%Jan 15, 2025Yield to maturity4.436%Jan 21, 2025Yield to maturity4.396%Jan 24, 2025Yield to maturity4.413%Jan 29, 2025Yield to maturity4.339%Feb 3, 2025Yield to maturity4.348%Feb 6, 2025Yield to maturity4.282%Feb 11, 2025Yield to maturity4.366%Feb 14, 2025Yield to maturity4.333%Feb 20, 2025Yield to maturity4.334%Feb 25, 2025Yield to maturity4.124%Feb 28, 2025Yield to maturity4.032%Mar 5, 2025Yield to maturity4.065%Mar 10, 2025Yield to maturity3.973%Mar 13, 2025Yield to maturity4.006%Mar 18, 2025Yield to maturity4.065%Mar 21, 2025Yield to maturity3.980%Mar 26, 2025Yield to maturity4.065%Mar 31, 2025Yield to maturity3.929%Apr 3, 2025Yield to maturity3.725%Apr 8, 2025Yield to maturity3.834%Apr 11, 2025Yield to maturity4.107%Apr 16, 2025Yield to maturity3.849%Apr 22, 2025Yield to maturity3.908%Apr 25, 2025Yield to maturity3.830%Apr 30, 2025Yield to maturity3.658%May 5, 2025Yield to maturity3.889%May 8, 2025Yield to maturity3.949%May 13, 2025Yield to maturity4.080%May 16, 2025Yield to maturity4.018%May 21, 2025Yield to maturity4.080%May 27, 2025Yield to maturity3.982%May 30, 2025Yield to maturity3.920%Jun 4, 2025Yield to maturity3.884%Jun 9, 2025Yield to maturity4.043%Jun 12, 2025Yield to maturity3.918%Jun 17, 2025Yield to maturity3.935%Jun 23, 2025Yield to maturity3.845%Jun 26, 2025Yield to maturity3.737%Jul 1, 2025Yield to maturity3.790%Jul 7, 2025Yield to maturity3.906%Jul 10, 2025Yield to maturity3.878%Jul 15, 2025Yield to maturity3.977%Jul 18, 2025Yield to maturity3.885%Jul 23, 2025Yield to maturity3.876%Jul 28, 2025Yield to maturity3.912%Jul 31, 2025Yield to maturity3.911%Aug 5, 2025Yield to maturity3.708%Aug 8, 2025Yield to maturity3.771%Aug 13, 2025Yield to maturity3.697%Aug 18, 2025Yield to maturity3.779%Aug 21, 2025Yield to maturity3.787%Aug 26, 2025Yield to maturity3.665%Aug 29, 2025Yield to maturity3.617%Sep 4, 2025Yield to maturity3.579%Sep 9, 2025Yield to maturity3.530%Sep 12, 2025Yield to maturity3.566%Sep 17, 2025Yield to maturity3.546%Sep 22, 2025Yield to maturity3.619%Sep 25, 2025Yield to maturity3.694%Sep 30, 2025Yield to maturity3.655%Oct 3, 2025Yield to maturity3.634%Oct 8, 2025Yield to maturity3.642%Oct 14, 2025Yield to maturity3.515%Oct 17, 2025Yield to maturity3.503%Oct 22, 2025Yield to maturity3.473%Oct 27, 2025Yield to maturity3.538%Oct 30, 2025Yield to maturity3.643%Nov 4, 2025Yield to maturity3.612%Nov 7, 2025Yield to maturity3.590%Nov 13, 2025Yield to maturity3.628%Nov 18, 2025Yield to maturity3.606%Nov 21, 2025Yield to maturity3.525%Nov 26, 2025Yield to maturity3.494%Dec 2, 2025Yield to maturity3.551%Dec 5, 2025Yield to maturity3.609%Dec 10, 2025Yield to maturity3.607%Dec 15, 2025Yield to maturity3.595%Dec 18, 2025Yield to maturity3.533%Dec 23, 2025Yield to maturity3.612%Dec 29, 2025Yield to maturity3.538%Jan 2, 2026Yield to maturity3.577%Jan 7, 2026Yield to maturity3.545%Jan 12, 2026Yield to maturity3.625%Jan 15, 2026Yield to maturity3.634%Jan 21, 2026Yield to maturity3.673%Jan 26, 2026Yield to maturity3.671%Jan 29, 2026Yield to maturity3.649%Feb 3, 2026Yield to maturity3.668%Feb 6, 2026Yield to maturity3.593%Feb 11, 2026Yield to maturity3.591%Feb 17, 2026Yield to maturity3.483%Feb 20, 2026Yield to maturity3.523%Feb 25, 2026Yield to maturity3.500%Mar 2, 2026Yield to maturity3.498%Mar 5, 2026Yield to maturity3.604%Mar 10, 2026Yield to maturity3.612%Mar 13, 2026Yield to maturity3.762%Mar 18, 2026Yield to maturity3.773%Mar 23, 2026Yield to maturity3.859%Mar 26, 2026Yield to maturity4.014%Mar 31, 2026Yield to maturity3.813%Apr 3, 2026Yield to maturity3.879%Apr 8, 2026Yield to maturity3.811%Apr 13, 2026Yield to maturity3.798%Apr 16, 2026Yield to maturity3.797%Apr 21, 2026Yield to maturity3.796%Apr 24, 2026Yield to maturity3.805%Apr 29, 2026Yield to maturity3.952%May 4, 2026Yield to maturity3.986%May 7, 2026Yield to maturity3.951%May 12, 2026Yield to maturity4.031%May 15, 2026Yield to maturity4.147%May 20, 2026Yield to maturity4.112%May 26, 2026Yield to maturity4.100%May 29, 2026Yield to maturity4.064%Jun 3, 2026Yield to maturity4.135%Jun 8, 2026Yield to maturity4.218%Jun 11, 2026Yield to maturity4.099%Jun 16, 2026Yield to maturity4.087%Jun 22, 2026Yield to maturity4.256%Jun 25, 2026Yield to maturity4.135%Jun 30, 2026Yield to maturity4.159%Jul 6, 2026Yield to maturity4.147%Jul 9, 2026Yield to maturity4.196%Jul 14, 2026Yield to maturity4.234%Jul 17, 2026Yield to maturity4.210%Jul 22, 2026Yield to maturity4.347%Jul 27, 2026Yield to maturity4.361%Jul 30, 2026Yield to maturity4.286%Aug 4, 2026Yield to maturity4.249%Aug 7, 2026Yield to maturity4.250%Aug 12, 2026Yield to maturity4.250%Aug 17, 2026Yield to maturity4.238%Aug 20, 2026Yield to maturity4.238%Aug 25, 2026Yield to maturity4.239%Aug 28, 2026Yield to maturity4.395%Sep 2, 2026Yield to maturity4.435%Sep 8, 2026Yield to maturity4.451%Sep 11, 2026Yield to maturity4.691%Sep 16, 2026Yield to maturity4.799%Sep 21, 2026Yield to maturity4.803%Sep 24, 2026Yield to maturity4.968%Sep 29, 2026Yield to maturity4.959%Oct 2, 2026Yield to maturity4.922%Oct 7, 2026Yield to maturity4.856%Oct 13, 2026Yield to maturity4.874%Oct 16, 2026Yield to maturity4.781%Oct 21, 2026Yield to maturity4.852%Oct 26, 2026Yield to maturity4.758%Oct 29, 2026Yield to maturity4.690%Nov 3, 2026Yield to maturity4.651%Nov 6, 2026Yield to maturity4.556%Nov 9, 2026Yield to maturity4.584%

Price history

653 trading days to Nov 9, 2026

979899100101102103Apr 1, 2024Nov 9, 2026Apr 1, 2024Close99.063Apr 4, 2024Close99.219Apr 9, 2024Close98.906Apr 12, 2024Close98.188Apr 17, 2024Close97.813Apr 22, 2024Close97.656Apr 25, 2024Close97.406Apr 30, 2024Close97.344May 3, 2024Close98.406May 8, 2024Close98.313May 13, 2024Close98.313May 16, 2024Close98.750May 21, 2024Close98.625May 24, 2024Close98.219May 30, 2024Close98.000Jun 4, 2024Close98.938Jun 7, 2024Close98.500Jun 12, 2024Close99.063Jun 17, 2024Close99.156Jun 21, 2024Close99.313Jun 26, 2024Close99.000Jul 1, 2024Close98.594Jul 5, 2024Close99.531Jul 10, 2024Close99.438Jul 15, 2024Close99.938Jul 18, 2024Close99.969Jul 23, 2024Close99.844Jul 26, 2024Close100.156Jul 31, 2024Close100.625Aug 5, 2024Close102.094Aug 8, 2024Close101.156Aug 13, 2024Close101.813Aug 16, 2024Close101.438Aug 21, 2024Close101.938Aug 26, 2024Close101.875Aug 29, 2024Close101.750Sep 4, 2024Close102.250Sep 9, 2024Close102.563Sep 12, 2024Close102.656Sep 17, 2024Close102.781Sep 20, 2024Close102.625Sep 25, 2024Close102.469Sep 30, 2024Close102.188Oct 3, 2024Close102.000Oct 8, 2024Close101.000Oct 11, 2024Close100.938Oct 17, 2024Close100.844Oct 22, 2024Close100.438Oct 25, 2024Close100.156Oct 30, 2024Close99.875Nov 4, 2024Close99.781Nov 7, 2024Close99.719Nov 13, 2024Close99.250Nov 18, 2024Close99.344Nov 21, 2024Close99.219Nov 26, 2024Close99.625Dec 2, 2024Close100.031Dec 5, 2024Close100.063Dec 10, 2024Close100.031Dec 13, 2024Close99.406Dec 18, 2024Close98.906Dec 23, 2024Close98.781Dec 27, 2024Close98.750Jan 2, 2025Close99.063Jan 7, 2025Close98.750Jan 10, 2025Close98.281Jan 15, 2025Close98.813Jan 21, 2025Close98.969Jan 24, 2025Close98.906Jan 29, 2025Close99.188Feb 3, 2025Close99.156Feb 6, 2025Close99.406Feb 11, 2025Close99.094Feb 14, 2025Close99.219Feb 20, 2025Close99.219Feb 25, 2025Close100.000Feb 28, 2025Close100.344Mar 5, 2025Close100.219Mar 10, 2025Close100.563Mar 13, 2025Close100.438Mar 18, 2025Close100.219Mar 21, 2025Close100.531Mar 26, 2025Close100.219Mar 31, 2025Close100.719Apr 3, 2025Close101.469Apr 8, 2025Close101.063Apr 11, 2025Close100.063Apr 16, 2025Close101.000Apr 22, 2025Close100.781Apr 25, 2025Close101.063Apr 30, 2025Close101.688May 5, 2025Close100.844May 8, 2025Close100.625May 13, 2025Close100.156May 16, 2025Close100.375May 21, 2025Close100.156May 27, 2025Close100.500May 30, 2025Close100.719Jun 4, 2025Close100.844Jun 9, 2025Close100.281Jun 12, 2025Close100.719Jun 17, 2025Close100.656Jun 23, 2025Close100.969Jun 26, 2025Close101.344Jul 1, 2025Close101.156Jul 7, 2025Close100.750Jul 10, 2025Close100.844Jul 15, 2025Close100.500Jul 18, 2025Close100.813Jul 23, 2025Close100.844Jul 28, 2025Close100.719Jul 31, 2025Close100.719Aug 5, 2025Close101.406Aug 8, 2025Close101.188Aug 13, 2025Close101.438Aug 18, 2025Close101.156Aug 21, 2025Close101.125Aug 26, 2025Close101.531Aug 29, 2025Close101.688Sep 4, 2025Close101.813Sep 9, 2025Close101.969Sep 12, 2025Close101.844Sep 17, 2025Close101.906Sep 22, 2025Close101.656Sep 25, 2025Close101.406Sep 30, 2025Close101.531Oct 3, 2025Close101.594Oct 8, 2025Close101.563Oct 14, 2025Close101.969Oct 17, 2025Close102.000Oct 22, 2025Close102.094Oct 27, 2025Close101.875Oct 30, 2025Close101.531Nov 4, 2025Close101.625Nov 7, 2025Close101.688Nov 13, 2025Close101.563Nov 18, 2025Close101.625Nov 21, 2025Close101.875Nov 26, 2025Close101.969Dec 2, 2025Close101.781Dec 5, 2025Close101.594Dec 10, 2025Close101.594Dec 15, 2025Close101.625Dec 18, 2025Close101.813Dec 23, 2025Close101.563Dec 29, 2025Close101.781Jan 2, 2026Close101.656Jan 7, 2026Close101.750Jan 12, 2026Close101.500Jan 15, 2026Close101.469Jan 21, 2026Close101.344Jan 26, 2026Close101.344Jan 29, 2026Close101.406Feb 3, 2026Close101.344Feb 6, 2026Close101.563Feb 11, 2026Close101.563Feb 17, 2026Close101.875Feb 20, 2026Close101.750Feb 25, 2026Close101.813Mar 2, 2026Close101.813Mar 5, 2026Close101.500Mar 10, 2026Close101.469Mar 13, 2026Close101.031Mar 18, 2026Close101.000Mar 23, 2026Close100.750Mar 26, 2026Close100.313Mar 31, 2026Close100.875Apr 3, 2026Close100.688Apr 8, 2026Close100.875Apr 13, 2026Close100.906Apr 16, 2026Close100.906Apr 21, 2026Close100.906Apr 24, 2026Close100.875Apr 29, 2026Close100.469May 4, 2026Close100.375May 7, 2026Close100.469May 12, 2026Close100.250May 15, 2026Close99.938May 20, 2026Close100.031May 26, 2026Close100.063May 29, 2026Close100.156Jun 3, 2026Close99.969Jun 8, 2026Close99.750Jun 11, 2026Close100.063Jun 16, 2026Close100.094Jun 22, 2026Close99.656Jun 25, 2026Close99.969Jun 30, 2026Close99.906Jul 6, 2026Close99.938Jul 9, 2026Close99.813Jul 14, 2026Close99.719Jul 17, 2026Close99.781Jul 22, 2026Close99.438Jul 27, 2026Close99.406Jul 30, 2026Close99.594Aug 4, 2026Close99.688Aug 7, 2026Close99.688Aug 12, 2026Close99.688Aug 17, 2026Close99.719Aug 20, 2026Close99.719Aug 25, 2026Close99.719Aug 28, 2026Close99.344Sep 2, 2026Close99.250Sep 8, 2026Close99.219Sep 11, 2026Close98.656Sep 16, 2026Close98.406Sep 21, 2026Close98.406Sep 24, 2026Close98.031Sep 29, 2026Close98.063Oct 2, 2026Close98.156Oct 7, 2026Close98.313Oct 13, 2026Close98.281Oct 16, 2026Close98.500Oct 21, 2026Close98.344Oct 26, 2026Close98.563Oct 29, 2026Close98.719Nov 3, 2026Close98.813Nov 6, 2026Close99.031Nov 9, 2026Close98.969
The most recent 20 trading days of prices for 91282CKG5.
DateBidOfferClose
Nov 9, 202698.96998.98498.969
Nov 6, 202699.03199.04799.031
Nov 5, 202699.03199.04799.156
Nov 4, 202698.87598.89198.906
Nov 3, 202698.84498.85998.813
Nov 2, 202698.87598.90698.875
Oct 30, 202698.78198.79798.875
Oct 29, 202698.71998.73498.719
Oct 28, 202698.43898.45398.563
Oct 27, 202698.56398.57898.531
Oct 26, 202698.56398.57898.563
Oct 23, 202698.62598.62598.625
Oct 22, 202698.56398.57898.688
Oct 21, 202698.37598.39198.344
Oct 20, 202698.43898.43898.375
Oct 19, 202698.40698.42298.406
Oct 16, 202698.50098.51698.500
Oct 15, 202698.37598.40698.406
Oct 14, 202698.12598.15698.250
Oct 13, 202698.25098.26698.281

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 91282CKG5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 26, 2024Apr 1, 2024New issue$67.0bn$67.0bn2.41x4.235%

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.