Treasury note

91282CKN0 · 4.625% due April 30, 2031

Original term
7-Year
Maturity
Apr 30, 2031
Coupon
4.625%
Pays
Semi-Annual
Dated
Apr 30, 2024
First coupon
Oct 31, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$42.94bn
Held stripped
$24.0m
Share stripped
0.06%

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
4.672%
Modified duration
3.993 yr
DV01
0.0399
Convexity
0.188
Dirty price
99.940

Where its rate sensitivity sits

<.01
0.01
0.04
0.08
1.16
2.78
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 4.082 years against a modified duration of 3.993.

Against the fitted curve

Priced 0.4 bp cheap to the curve on that day, 1.56 cents per 100 of face.

That is 0.18 standard deviations from its own typical residual.

Yield to maturity, 632 observations

3.0%3.5%4.0%4.5%5.0%5.5%Apr 30, 2024Nov 9, 2026Apr 30, 2024Yield to maturity4.710%May 3, 2024Yield to maturity4.488%May 8, 2024Yield to maturity4.493%May 13, 2024Yield to maturity4.493%May 16, 2024Yield to maturity4.388%May 21, 2024Yield to maturity4.419%May 24, 2024Yield to maturity4.487%May 30, 2024Yield to maturity4.566%Jun 4, 2024Yield to maturity4.334%Jun 7, 2024Yield to maturity4.444%Jun 12, 2024Yield to maturity4.312%Jun 17, 2024Yield to maturity4.274%Jun 21, 2024Yield to maturity4.247%Jun 26, 2024Yield to maturity4.321%Jul 1, 2024Yield to maturity4.453%Jul 5, 2024Yield to maturity4.230%Jul 10, 2024Yield to maturity4.245%Jul 15, 2024Yield to maturity4.166%Jul 18, 2024Yield to maturity4.139%Jul 23, 2024Yield to maturity4.180%Jul 26, 2024Yield to maturity4.111%Jul 31, 2024Yield to maturity3.995%Aug 5, 2024Yield to maturity3.663%Aug 8, 2024Yield to maturity3.889%Aug 13, 2024Yield to maturity3.733%Aug 16, 2024Yield to maturity3.809%Aug 21, 2024Yield to maturity3.694%Aug 26, 2024Yield to maturity3.723%Aug 29, 2024Yield to maturity3.764%Sep 4, 2024Yield to maturity3.648%Sep 9, 2024Yield to maturity3.574%Sep 12, 2024Yield to maturity3.558%Sep 17, 2024Yield to maturity3.520%Sep 20, 2024Yield to maturity3.580%Sep 25, 2024Yield to maturity3.631%Sep 30, 2024Yield to maturity3.666%Oct 3, 2024Yield to maturity3.706%Oct 8, 2024Yield to maturity3.932%Oct 11, 2024Yield to maturity3.963%Oct 17, 2024Yield to maturity3.978%Oct 22, 2024Yield to maturity4.091%Oct 25, 2024Yield to maturity4.149%Oct 30, 2024Yield to maturity4.204%Nov 4, 2024Yield to maturity4.241%Nov 7, 2024Yield to maturity4.241%Nov 13, 2024Yield to maturity4.372%Nov 18, 2024Yield to maturity4.344%Nov 21, 2024Yield to maturity4.355%Nov 26, 2024Yield to maturity4.243%Dec 2, 2024Yield to maturity4.132%Dec 5, 2024Yield to maturity4.120%Dec 10, 2024Yield to maturity4.147%Dec 13, 2024Yield to maturity4.318%Dec 18, 2024Yield to maturity4.448%Dec 23, 2024Yield to maturity4.510%Dec 27, 2024Yield to maturity4.521%Jan 2, 2025Yield to maturity4.458%Jan 7, 2025Yield to maturity4.543%Jan 10, 2025Yield to maturity4.670%Jan 15, 2025Yield to maturity4.537%Jan 21, 2025Yield to maturity4.468%Jan 24, 2025Yield to maturity4.514%Jan 29, 2025Yield to maturity4.433%Feb 3, 2025Yield to maturity4.427%Feb 6, 2025Yield to maturity4.341%Feb 11, 2025Yield to maturity4.438%Feb 14, 2025Yield to maturity4.391%Feb 20, 2025Yield to maturity4.408%Feb 25, 2025Yield to maturity4.195%Feb 28, 2025Yield to maturity4.108%Mar 5, 2025Yield to maturity4.154%Mar 10, 2025Yield to maturity4.067%Mar 13, 2025Yield to maturity4.112%Mar 18, 2025Yield to maturity4.151%Mar 21, 2025Yield to maturity4.087%Mar 26, 2025Yield to maturity4.179%Mar 31, 2025Yield to maturity4.045%Apr 3, 2025Yield to maturity3.839%Apr 8, 2025Yield to maturity3.998%Apr 11, 2025Yield to maturity4.269%Apr 16, 2025Yield to maturity4.019%Apr 22, 2025Yield to maturity4.116%Apr 25, 2025Yield to maturity4.005%Apr 30, 2025Yield to maturity3.848%May 5, 2025Yield to maturity4.055%May 8, 2025Yield to maturity4.107%May 13, 2025Yield to maturity4.230%May 16, 2025Yield to maturity4.164%May 21, 2025Yield to maturity4.264%May 27, 2025Yield to maturity4.132%May 30, 2025Yield to maturity4.084%Jun 4, 2025Yield to maturity4.042%Jun 9, 2025Yield to maturity4.195%Jun 12, 2025Yield to maturity4.058%Jun 17, 2025Yield to maturity4.080%Jun 23, 2025Yield to maturity3.996%Jun 26, 2025Yield to maturity3.894%Jul 1, 2025Yield to maturity3.922%Jul 7, 2025Yield to maturity4.052%Jul 10, 2025Yield to maturity4.015%Jul 15, 2025Yield to maturity4.140%Jul 18, 2025Yield to maturity4.055%Jul 23, 2025Yield to maturity4.030%Jul 28, 2025Yield to maturity4.059%Jul 31, 2025Yield to maturity4.034%Aug 5, 2025Yield to maturity3.846%Aug 8, 2025Yield to maturity3.917%Aug 13, 2025Yield to maturity3.849%Aug 18, 2025Yield to maturity3.938%Aug 21, 2025Yield to maturity3.938%Aug 26, 2025Yield to maturity3.827%Aug 29, 2025Yield to maturity3.783%Sep 4, 2025Yield to maturity3.728%Sep 9, 2025Yield to maturity3.671%Sep 12, 2025Yield to maturity3.694%Sep 17, 2025Yield to maturity3.686%Sep 22, 2025Yield to maturity3.770%Sep 25, 2025Yield to maturity3.830%Sep 30, 2025Yield to maturity3.797%Oct 3, 2025Yield to maturity3.777%Oct 8, 2025Yield to maturity3.782%Oct 14, 2025Yield to maturity3.664%Oct 17, 2025Yield to maturity3.650%Oct 22, 2025Yield to maturity3.612%Oct 27, 2025Yield to maturity3.665%Oct 30, 2025Yield to maturity3.769%Nov 4, 2025Yield to maturity3.748%Nov 7, 2025Yield to maturity3.727%Nov 13, 2025Yield to maturity3.757%Nov 18, 2025Yield to maturity3.742%Nov 21, 2025Yield to maturity3.665%Nov 26, 2025Yield to maturity3.614%Dec 2, 2025Yield to maturity3.705%Dec 5, 2025Yield to maturity3.759%Dec 10, 2025Yield to maturity3.765%Dec 15, 2025Yield to maturity3.775%Dec 18, 2025Yield to maturity3.704%Dec 23, 2025Yield to maturity3.778%Dec 29, 2025Yield to maturity3.712%Jan 2, 2026Yield to maturity3.774%Jan 7, 2026Yield to maturity3.728%Jan 12, 2026Yield to maturity3.796%Jan 15, 2026Yield to maturity3.801%Jan 21, 2026Yield to maturity3.870%Jan 26, 2026Yield to maturity3.849%Jan 29, 2026Yield to maturity3.841%Feb 3, 2026Yield to maturity3.866%Feb 6, 2026Yield to maturity3.786%Feb 11, 2026Yield to maturity3.778%Feb 17, 2026Yield to maturity3.652%Feb 20, 2026Yield to maturity3.676%Feb 25, 2026Yield to maturity3.648%Mar 2, 2026Yield to maturity3.646%Mar 5, 2026Yield to maturity3.750%Mar 10, 2026Yield to maturity3.761%Mar 13, 2026Yield to maturity3.905%Mar 18, 2026Yield to maturity3.897%Mar 23, 2026Yield to maturity3.996%Mar 26, 2026Yield to maturity4.130%Mar 31, 2026Yield to maturity3.953%Apr 3, 2026Yield to maturity4.012%Apr 8, 2026Yield to maturity3.944%Apr 13, 2026Yield to maturity3.942%Apr 16, 2026Yield to maturity3.935%Apr 21, 2026Yield to maturity3.926%Apr 24, 2026Yield to maturity3.938%Apr 29, 2026Yield to maturity4.074%May 4, 2026Yield to maturity4.100%May 7, 2026Yield to maturity4.058%May 12, 2026Yield to maturity4.140%May 15, 2026Yield to maturity4.271%May 20, 2026Yield to maturity4.235%May 26, 2026Yield to maturity4.206%May 29, 2026Yield to maturity4.149%Jun 3, 2026Yield to maturity4.225%Jun 8, 2026Yield to maturity4.295%Jun 11, 2026Yield to maturity4.188%Jun 16, 2026Yield to maturity4.159%Jun 22, 2026Yield to maturity4.300%Jun 25, 2026Yield to maturity4.171%Jun 30, 2026Yield to maturity4.198%Jul 6, 2026Yield to maturity4.211%Jul 9, 2026Yield to maturity4.275%Jul 14, 2026Yield to maturity4.310%Jul 17, 2026Yield to maturity4.281%Jul 22, 2026Yield to maturity4.418%Jul 27, 2026Yield to maturity4.410%Jul 30, 2026Yield to maturity4.381%Aug 4, 2026Yield to maturity4.336%Aug 7, 2026Yield to maturity4.343%Aug 12, 2026Yield to maturity4.372%Aug 17, 2026Yield to maturity4.371%Aug 20, 2026Yield to maturity4.378%Aug 25, 2026Yield to maturity4.340%Aug 28, 2026Yield to maturity4.481%Sep 2, 2026Yield to maturity4.541%Sep 8, 2026Yield to maturity4.563%Sep 11, 2026Yield to maturity4.776%Sep 16, 2026Yield to maturity4.868%Sep 21, 2026Yield to maturity4.838%Sep 24, 2026Yield to maturity5.047%Sep 29, 2026Yield to maturity5.064%Oct 2, 2026Yield to maturity5.058%Oct 7, 2026Yield to maturity5.019%Oct 13, 2026Yield to maturity5.005%Oct 16, 2026Yield to maturity4.889%Oct 21, 2026Yield to maturity4.952%Oct 26, 2026Yield to maturity4.835%Oct 29, 2026Yield to maturity4.789%Nov 3, 2026Yield to maturity4.742%Nov 6, 2026Yield to maturity4.648%Nov 9, 2026Yield to maturity4.672%

Price history

632 trading days to Nov 9, 2026

98100102104106108Apr 30, 2024Nov 9, 2026Apr 30, 2024Close99.500May 3, 2024Close100.813May 8, 2024Close100.781May 13, 2024Close100.781May 16, 2024Close101.406May 21, 2024Close101.219May 24, 2024Close100.813May 30, 2024Close100.344Jun 4, 2024Close101.719Jun 7, 2024Close101.063Jun 12, 2024Close101.844Jun 17, 2024Close102.063Jun 21, 2024Close102.219Jun 26, 2024Close101.781Jul 1, 2024Close101.000Jul 5, 2024Close102.313Jul 10, 2024Close102.219Jul 15, 2024Close102.688Jul 18, 2024Close102.844Jul 23, 2024Close102.594Jul 26, 2024Close103.000Jul 31, 2024Close103.688Aug 5, 2024Close105.688Aug 8, 2024Close104.313Aug 13, 2024Close105.250Aug 16, 2024Close104.781Aug 21, 2024Close105.469Aug 26, 2024Close105.281Aug 29, 2024Close105.031Sep 4, 2024Close105.719Sep 9, 2024Close106.156Sep 12, 2024Close106.250Sep 17, 2024Close106.469Sep 20, 2024Close106.094Sep 25, 2024Close105.781Sep 30, 2024Close105.563Oct 3, 2024Close105.313Oct 8, 2024Close103.969Oct 11, 2024Close103.781Oct 17, 2024Close103.688Oct 22, 2024Close103.031Oct 25, 2024Close102.688Oct 30, 2024Close102.375Nov 4, 2024Close102.156Nov 7, 2024Close102.156Nov 13, 2024Close101.406Nov 18, 2024Close101.563Nov 21, 2024Close101.500Nov 26, 2024Close102.125Dec 2, 2024Close102.750Dec 5, 2024Close102.813Dec 10, 2024Close102.656Dec 13, 2024Close101.688Dec 18, 2024Close100.969Dec 23, 2024Close100.625Dec 27, 2024Close100.563Jan 2, 2025Close100.906Jan 7, 2025Close100.438Jan 10, 2025Close99.750Jan 15, 2025Close100.469Jan 21, 2025Close100.844Jan 24, 2025Close100.594Jan 29, 2025Close101.031Feb 3, 2025Close101.063Feb 6, 2025Close101.531Feb 11, 2025Close101.000Feb 14, 2025Close101.250Feb 20, 2025Close101.156Feb 25, 2025Close102.313Feb 28, 2025Close102.781Mar 5, 2025Close102.531Mar 10, 2025Close103.000Mar 13, 2025Close102.750Mar 18, 2025Close102.531Mar 21, 2025Close102.875Mar 26, 2025Close102.375Mar 31, 2025Close103.094Apr 3, 2025Close104.219Apr 8, 2025Close103.344Apr 11, 2025Close101.875Apr 16, 2025Close103.219Apr 22, 2025Close102.688Apr 25, 2025Close103.281Apr 30, 2025Close104.125May 5, 2025Close103.000May 8, 2025Close102.719May 13, 2025Close102.063May 16, 2025Close102.406May 21, 2025Close101.875May 27, 2025Close102.563May 30, 2025Close102.813Jun 4, 2025Close103.031Jun 9, 2025Close102.219Jun 12, 2025Close102.938Jun 17, 2025Close102.813Jun 23, 2025Close103.250Jun 26, 2025Close103.781Jul 1, 2025Close103.625Jul 7, 2025Close102.938Jul 10, 2025Close103.125Jul 15, 2025Close102.469Jul 18, 2025Close102.906Jul 23, 2025Close103.031Jul 28, 2025Close102.875Jul 31, 2025Close103.000Aug 5, 2025Close103.969Aug 8, 2025Close103.594Aug 13, 2025Close103.938Aug 18, 2025Close103.469Aug 21, 2025Close103.469Aug 26, 2025Close104.031Aug 29, 2025Close104.250Sep 4, 2025Close104.531Sep 9, 2025Close104.813Sep 12, 2025Close104.688Sep 17, 2025Close104.719Sep 22, 2025Close104.281Sep 25, 2025Close103.969Sep 30, 2025Close104.125Oct 3, 2025Close104.219Oct 8, 2025Close104.188Oct 14, 2025Close104.781Oct 17, 2025Close104.844Oct 22, 2025Close105.031Oct 27, 2025Close104.750Oct 30, 2025Close104.219Nov 4, 2025Close104.313Nov 7, 2025Close104.406Nov 13, 2025Close104.250Nov 18, 2025Close104.313Nov 21, 2025Close104.688Nov 26, 2025Close104.938Dec 2, 2025Close104.469Dec 5, 2025Close104.188Dec 10, 2025Close104.156Dec 15, 2025Close104.094Dec 18, 2025Close104.438Dec 23, 2025Close104.063Dec 29, 2025Close104.375Jan 2, 2026Close104.063Jan 7, 2026Close104.281Jan 12, 2026Close103.938Jan 15, 2026Close103.906Jan 21, 2026Close103.563Jan 26, 2026Close103.656Jan 29, 2026Close103.688Feb 3, 2026Close103.563Feb 6, 2026Close103.938Feb 11, 2026Close103.969Feb 17, 2026Close104.563Feb 20, 2026Close104.438Feb 25, 2026Close104.563Mar 2, 2026Close104.563Mar 5, 2026Close104.063Mar 10, 2026Close104.000Mar 13, 2026Close103.313Mar 18, 2026Close103.344Mar 23, 2026Close102.875Mar 26, 2026Close102.250Mar 31, 2026Close103.063Apr 3, 2026Close102.781Apr 8, 2026Close103.094Apr 13, 2026Close103.094Apr 16, 2026Close103.125Apr 21, 2026Close103.156Apr 24, 2026Close103.094Apr 29, 2026Close102.469May 4, 2026Close102.344May 7, 2026Close102.531May 12, 2026Close102.156May 15, 2026Close101.563May 20, 2026Close101.719May 26, 2026Close101.844May 29, 2026Close102.094Jun 3, 2026Close101.750Jun 8, 2026Close101.438Jun 11, 2026Close101.906Jun 16, 2026Close102.031Jun 22, 2026Close101.406Jun 25, 2026Close101.969Jun 30, 2026Close101.844Jul 6, 2026Close101.781Jul 9, 2026Close101.500Jul 14, 2026Close101.344Jul 17, 2026Close101.469Jul 22, 2026Close100.875Jul 27, 2026Close100.906Jul 30, 2026Close101.031Aug 4, 2026Close101.219Aug 7, 2026Close101.188Aug 12, 2026Close101.063Aug 17, 2026Close101.063Aug 20, 2026Close101.031Aug 25, 2026Close101.188Aug 28, 2026Close100.594Sep 2, 2026Close100.344Sep 8, 2026Close100.250Sep 11, 2026Close99.375Sep 16, 2026Close99.000Sep 21, 2026Close99.125Sep 24, 2026Close98.281Sep 29, 2026Close98.219Oct 2, 2026Close98.250Oct 7, 2026Close98.406Oct 13, 2026Close98.469Oct 16, 2026Close98.938Oct 21, 2026Close98.688Oct 26, 2026Close99.156Oct 29, 2026Close99.344Nov 3, 2026Close99.531Nov 6, 2026Close99.906Nov 9, 2026Close99.813
The most recent 20 trading days of prices for 91282CKN0.
DateBidOfferClose
Nov 9, 202699.81399.82899.813
Nov 6, 202699.90699.92299.906
Nov 5, 202699.96999.984100.125
Nov 4, 202699.65699.67299.750
Nov 3, 202699.56399.59499.531
Nov 2, 202699.71999.75099.688
Oct 30, 202699.50099.53199.625
Oct 29, 202699.34499.37599.344
Oct 28, 202698.96998.98499.031
Oct 27, 202699.15699.17299.125
Oct 26, 202699.18899.20399.156
Oct 23, 202699.21999.23499.250
Oct 22, 202699.15699.17299.375
Oct 21, 202698.75098.78198.688
Oct 20, 202698.81398.82898.750
Oct 19, 202698.78198.79798.719
Oct 16, 202698.93898.95398.938
Oct 15, 202698.81398.84498.844
Oct 14, 202698.25098.26698.500
Oct 13, 202698.43898.45398.469

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 91282CKN0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 25, 2024Apr 30, 2024New issue$44.0bn$44.2bn2.48x4.716%

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.