Treasury note

91282CKT7 · 4.5% due May 31, 2029

Original term
5-Year
Maturity
May 31, 2029
Coupon
4.500%
Pays
Semi-Annual
Dated
May 31, 2024
First coupon
Nov 30, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$72.97bn
Held stripped
$217.6m
Share stripped
0.30%

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
4.604%
Modified duration
2.340 yr
DV01
0.0238
Convexity
0.0688
Dirty price
101.754

Where its rate sensitivity sits

<.01
0.01
0.04
1.08
1.27
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 2.393 years against a modified duration of 2.340.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 1.84 cents per 100 of face.

That is -0.25 standard deviations from its own typical residual.

Yield to maturity, 610 observations

3.0%3.5%4.0%4.5%5.0%5.5%May 31, 2024Nov 9, 2026May 31, 2024Yield to maturity4.521%Jun 5, 2024Yield to maturity4.310%Jun 10, 2024Yield to maturity4.478%Jun 13, 2024Yield to maturity4.239%Jun 18, 2024Yield to maturity4.238%Jun 24, 2024Yield to maturity4.272%Jun 27, 2024Yield to maturity4.300%Jul 2, 2024Yield to maturity4.392%Jul 8, 2024Yield to maturity4.228%Jul 11, 2024Yield to maturity4.121%Jul 16, 2024Yield to maturity4.078%Jul 19, 2024Yield to maturity4.162%Jul 24, 2024Yield to maturity4.147%Jul 29, 2024Yield to maturity4.061%Aug 1, 2024Yield to maturity3.848%Aug 6, 2024Yield to maturity3.734%Aug 9, 2024Yield to maturity3.795%Aug 14, 2024Yield to maturity3.667%Aug 19, 2024Yield to maturity3.750%Aug 22, 2024Yield to maturity3.720%Aug 27, 2024Yield to maturity3.654%Aug 30, 2024Yield to maturity3.730%Sep 5, 2024Yield to maturity3.551%Sep 10, 2024Yield to maturity3.436%Sep 13, 2024Yield to maturity3.433%Sep 18, 2024Yield to maturity3.481%Sep 23, 2024Yield to maturity3.507%Sep 26, 2024Yield to maturity3.555%Oct 1, 2024Yield to maturity3.510%Oct 4, 2024Yield to maturity3.818%Oct 9, 2024Yield to maturity3.905%Oct 15, 2024Yield to maturity3.859%Oct 18, 2024Yield to maturity3.879%Oct 23, 2024Yield to maturity4.056%Oct 28, 2024Yield to maturity4.107%Oct 31, 2024Yield to maturity4.151%Nov 5, 2024Yield to maturity4.166%Nov 8, 2024Yield to maturity4.202%Nov 14, 2024Yield to maturity4.324%Nov 19, 2024Yield to maturity4.255%Nov 22, 2024Yield to maturity4.308%Nov 27, 2024Yield to maturity4.147%Dec 3, 2024Yield to maturity4.130%Dec 6, 2024Yield to maturity4.053%Dec 11, 2024Yield to maturity4.144%Dec 16, 2024Yield to maturity4.258%Dec 19, 2024Yield to maturity4.429%Dec 24, 2024Yield to maturity4.436%Dec 30, 2024Yield to maturity4.366%Jan 3, 2025Yield to maturity4.404%Jan 8, 2025Yield to maturity4.436%Jan 13, 2025Yield to maturity4.602%Jan 16, 2025Yield to maturity4.380%Jan 22, 2025Yield to maturity4.419%Jan 27, 2025Yield to maturity4.315%Jan 30, 2025Yield to maturity4.299%Feb 4, 2025Yield to maturity4.306%Feb 7, 2025Yield to maturity4.346%Feb 12, 2025Yield to maturity4.474%Feb 18, 2025Yield to maturity4.393%Feb 21, 2025Yield to maturity4.248%Feb 26, 2025Yield to maturity4.079%Mar 3, 2025Yield to maturity3.973%Mar 6, 2025Yield to maturity4.053%Mar 11, 2025Yield to maturity4.011%Mar 14, 2025Yield to maturity4.074%Mar 19, 2025Yield to maturity4.017%Mar 24, 2025Yield to maturity4.080%Mar 27, 2025Yield to maturity4.072%Apr 1, 2025Yield to maturity3.892%Apr 4, 2025Yield to maturity3.704%Apr 9, 2025Yield to maturity4.027%Apr 14, 2025Yield to maturity3.977%Apr 17, 2025Yield to maturity3.902%Apr 23, 2025Yield to maturity3.966%Apr 28, 2025Yield to maturity3.767%May 1, 2025Yield to maturity3.774%May 6, 2025Yield to maturity3.854%May 9, 2025Yield to maturity3.952%May 14, 2025Yield to maturity4.135%May 19, 2025Yield to maturity4.025%May 22, 2025Yield to maturity4.066%May 28, 2025Yield to maturity4.031%Jun 2, 2025Yield to maturity3.970%Jun 5, 2025Yield to maturity3.961%Jun 10, 2025Yield to maturity4.044%Jun 13, 2025Yield to maturity3.974%Jun 18, 2025Yield to maturity3.938%Jun 24, 2025Yield to maturity3.809%Jun 27, 2025Yield to maturity3.781%Jul 2, 2025Yield to maturity3.822%Jul 8, 2025Yield to maturity3.931%Jul 11, 2025Yield to maturity3.938%Jul 16, 2025Yield to maturity3.919%Jul 21, 2025Yield to maturity3.857%Jul 24, 2025Yield to maturity3.925%Jul 29, 2025Yield to maturity3.853%Aug 1, 2025Yield to maturity3.720%Aug 6, 2025Yield to maturity3.710%Aug 11, 2025Yield to maturity3.777%Aug 14, 2025Yield to maturity3.758%Aug 19, 2025Yield to maturity3.756%Aug 22, 2025Yield to maturity3.692%Aug 27, 2025Yield to maturity3.646%Sep 2, 2025Yield to maturity3.678%Sep 5, 2025Yield to maturity3.524%Sep 10, 2025Yield to maturity3.540%Sep 15, 2025Yield to maturity3.555%Sep 18, 2025Yield to maturity3.606%Sep 23, 2025Yield to maturity3.612%Sep 26, 2025Yield to maturity3.709%Oct 1, 2025Yield to maturity3.607%Oct 6, 2025Yield to maturity3.677%Oct 9, 2025Yield to maturity3.657%Oct 15, 2025Yield to maturity3.553%Oct 20, 2025Yield to maturity3.514%Oct 23, 2025Yield to maturity3.539%Oct 28, 2025Yield to maturity3.536%Oct 31, 2025Yield to maturity3.643%Nov 5, 2025Yield to maturity3.688%Nov 10, 2025Yield to maturity3.638%Nov 14, 2025Yield to maturity3.663%Nov 19, 2025Yield to maturity3.624%Nov 24, 2025Yield to maturity3.527%Nov 28, 2025Yield to maturity3.523%Dec 3, 2025Yield to maturity3.540%Dec 8, 2025Yield to maturity3.650%Dec 11, 2025Yield to maturity3.610%Dec 16, 2025Yield to maturity3.578%Dec 19, 2025Yield to maturity3.574%Dec 24, 2025Yield to maturity3.620%Dec 30, 2025Yield to maturity3.549%Jan 5, 2026Yield to maturity3.573%Jan 8, 2026Yield to maturity3.600%Jan 13, 2026Yield to maturity3.616%Jan 16, 2026Yield to maturity3.701%Jan 22, 2026Yield to maturity3.718%Jan 27, 2026Yield to maturity3.686%Jan 30, 2026Yield to maturity3.643%Feb 4, 2026Yield to maturity3.681%Feb 9, 2026Yield to maturity3.598%Feb 12, 2026Yield to maturity3.536%Feb 18, 2026Yield to maturity3.531%Feb 23, 2026Yield to maturity3.467%Feb 26, 2026Yield to maturity3.475%Mar 3, 2026Yield to maturity3.521%Mar 6, 2026Yield to maturity3.609%Mar 11, 2026Yield to maturity3.678%Mar 16, 2026Yield to maturity3.706%Mar 19, 2026Yield to maturity3.817%Mar 24, 2026Yield to maturity3.950%Mar 27, 2026Yield to maturity3.958%Apr 1, 2026Yield to maturity3.863%Apr 6, 2026Yield to maturity3.892%Apr 9, 2026Yield to maturity3.817%Apr 14, 2026Yield to maturity3.772%Apr 17, 2026Yield to maturity3.737%Apr 22, 2026Yield to maturity3.820%Apr 27, 2026Yield to maturity3.839%Apr 30, 2026Yield to maturity3.923%May 5, 2026Yield to maturity3.975%May 8, 2026Yield to maturity3.930%May 13, 2026Yield to maturity4.026%May 18, 2026Yield to maturity4.156%May 21, 2026Yield to maturity4.155%May 27, 2026Yield to maturity4.099%Jun 1, 2026Yield to maturity4.108%Jun 4, 2026Yield to maturity4.118%Jun 9, 2026Yield to maturity4.195%Jun 12, 2026Yield to maturity4.137%Jun 17, 2026Yield to maturity4.238%Jun 23, 2026Yield to maturity4.225%Jun 26, 2026Yield to maturity4.098%Jul 1, 2026Yield to maturity4.199%Jul 7, 2026Yield to maturity4.221%Jul 10, 2026Yield to maturity4.243%Jul 15, 2026Yield to maturity4.172%Jul 20, 2026Yield to maturity4.252%Jul 23, 2026Yield to maturity4.392%Jul 28, 2026Yield to maturity4.309%Jul 31, 2026Yield to maturity4.355%Aug 5, 2026Yield to maturity4.248%Aug 10, 2026Yield to maturity4.318%Aug 13, 2026Yield to maturity4.211%Aug 18, 2026Yield to maturity4.257%Aug 21, 2026Yield to maturity4.304%Aug 26, 2026Yield to maturity4.279%Aug 31, 2026Yield to maturity4.400%Sep 3, 2026Yield to maturity4.412%Sep 9, 2026Yield to maturity4.498%Sep 14, 2026Yield to maturity4.721%Sep 17, 2026Yield to maturity4.734%Sep 22, 2026Yield to maturity4.798%Sep 25, 2026Yield to maturity4.927%Sep 30, 2026Yield to maturity4.979%Oct 5, 2026Yield to maturity4.930%Oct 8, 2026Yield to maturity4.855%Oct 14, 2026Yield to maturity4.896%Oct 19, 2026Yield to maturity4.846%Oct 22, 2026Yield to maturity4.717%Oct 27, 2026Yield to maturity4.797%Oct 30, 2026Yield to maturity4.642%Nov 4, 2026Yield to maturity4.629%Nov 9, 2026Yield to maturity4.604%

Price history

610 trading days to Nov 9, 2026

9899100101102103104105May 31, 2024Nov 9, 2026May 31, 2024Close99.906Jun 5, 2024Close100.844Jun 10, 2024Close100.094Jun 13, 2024Close101.156Jun 18, 2024Close101.156Jun 24, 2024Close101.000Jun 27, 2024Close100.875Jul 2, 2024Close100.469Jul 8, 2024Close101.188Jul 11, 2024Close101.656Jul 16, 2024Close101.844Jul 19, 2024Close101.469Jul 24, 2024Close101.531Jul 29, 2024Close101.906Aug 1, 2024Close102.844Aug 6, 2024Close103.344Aug 9, 2024Close103.063Aug 14, 2024Close103.625Aug 19, 2024Close103.250Aug 22, 2024Close103.375Aug 27, 2024Close103.656Aug 30, 2024Close103.313Sep 5, 2024Close104.094Sep 10, 2024Close104.594Sep 13, 2024Close104.594Sep 18, 2024Close104.375Sep 23, 2024Close104.250Sep 26, 2024Close104.031Oct 1, 2024Close104.219Oct 4, 2024Close102.875Oct 9, 2024Close102.500Oct 15, 2024Close102.688Oct 18, 2024Close102.594Oct 23, 2024Close101.844Oct 28, 2024Close101.625Oct 31, 2024Close101.438Nov 5, 2024Close101.375Nov 8, 2024Close101.219Nov 14, 2024Close100.719Nov 19, 2024Close101.000Nov 22, 2024Close100.781Nov 27, 2024Close101.438Dec 3, 2024Close101.500Dec 6, 2024Close101.813Dec 11, 2024Close101.438Dec 16, 2024Close100.969Dec 19, 2024Close100.281Dec 24, 2024Close100.250Dec 30, 2024Close100.531Jan 3, 2025Close100.375Jan 8, 2025Close100.250Jan 13, 2025Close99.594Jan 16, 2025Close100.469Jan 22, 2025Close100.313Jan 27, 2025Close100.719Jan 30, 2025Close100.781Feb 4, 2025Close100.750Feb 7, 2025Close100.594Feb 12, 2025Close100.094Feb 18, 2025Close100.406Feb 21, 2025Close100.969Feb 26, 2025Close101.625Mar 3, 2025Close102.031Mar 6, 2025Close101.719Mar 11, 2025Close101.875Mar 14, 2025Close101.625Mar 19, 2025Close101.844Mar 24, 2025Close101.594Mar 27, 2025Close101.625Apr 1, 2025Close102.313Apr 4, 2025Close103.031Apr 9, 2025Close101.781Apr 14, 2025Close101.969Apr 17, 2025Close102.250Apr 23, 2025Close102.000Apr 28, 2025Close102.750May 1, 2025Close102.719May 6, 2025Close102.406May 9, 2025Close102.031May 14, 2025Close101.344May 19, 2025Close101.750May 22, 2025Close101.594May 28, 2025Close101.719Jun 2, 2025Close101.938Jun 5, 2025Close101.969Jun 10, 2025Close101.656Jun 13, 2025Close101.906Jun 18, 2025Close102.031Jun 24, 2025Close102.500Jun 27, 2025Close102.594Jul 2, 2025Close102.438Jul 8, 2025Close102.031Jul 11, 2025Close102.000Jul 16, 2025Close102.063Jul 21, 2025Close102.281Jul 24, 2025Close102.031Jul 29, 2025Close102.281Aug 1, 2025Close102.750Aug 6, 2025Close102.781Aug 11, 2025Close102.531Aug 14, 2025Close102.594Aug 19, 2025Close102.594Aug 22, 2025Close102.813Aug 27, 2025Close102.969Sep 2, 2025Close102.844Sep 5, 2025Close103.375Sep 10, 2025Close103.313Sep 15, 2025Close103.250Sep 18, 2025Close103.063Sep 23, 2025Close103.031Sep 26, 2025Close102.688Oct 1, 2025Close103.031Oct 6, 2025Close102.781Oct 9, 2025Close102.844Oct 15, 2025Close103.188Oct 20, 2025Close103.313Oct 23, 2025Close103.219Oct 28, 2025Close103.219Oct 31, 2025Close102.844Nov 5, 2025Close102.688Nov 10, 2025Close102.844Nov 14, 2025Close102.750Nov 19, 2025Close102.875Nov 24, 2025Close103.188Nov 28, 2025Close103.188Dec 3, 2025Close103.125Dec 8, 2025Close102.750Dec 11, 2025Close102.875Dec 16, 2025Close102.969Dec 19, 2025Close102.969Dec 24, 2025Close102.813Dec 30, 2025Close103.031Jan 5, 2026Close102.938Jan 8, 2026Close102.844Jan 13, 2026Close102.781Jan 16, 2026Close102.500Jan 22, 2026Close102.438Jan 27, 2026Close102.531Jan 30, 2026Close102.656Feb 4, 2026Close102.531Feb 9, 2026Close102.781Feb 12, 2026Close102.969Feb 18, 2026Close102.969Feb 23, 2026Close103.156Feb 26, 2026Close103.125Mar 3, 2026Close102.969Mar 6, 2026Close102.688Mar 11, 2026Close102.469Mar 16, 2026Close102.375Mar 19, 2026Close102.031Mar 24, 2026Close101.625Mar 27, 2026Close101.594Apr 1, 2026Close101.875Apr 6, 2026Close101.781Apr 9, 2026Close102.000Apr 14, 2026Close102.125Apr 17, 2026Close102.219Apr 22, 2026Close101.969Apr 27, 2026Close101.906Apr 30, 2026Close101.656May 5, 2026Close101.500May 8, 2026Close101.625May 13, 2026Close101.344May 18, 2026Close100.969May 21, 2026Close100.969May 27, 2026Close101.125Jun 1, 2026Close101.094Jun 4, 2026Close101.063Jun 9, 2026Close100.844Jun 12, 2026Close101.000Jun 17, 2026Close100.719Jun 23, 2026Close100.750Jun 26, 2026Close101.094Jul 1, 2026Close100.813Jul 7, 2026Close100.750Jul 10, 2026Close100.688Jul 15, 2026Close100.875Jul 20, 2026Close100.656Jul 23, 2026Close100.281Jul 28, 2026Close100.500Jul 31, 2026Close100.375Aug 5, 2026Close100.656Aug 10, 2026Close100.469Aug 13, 2026Close100.750Aug 18, 2026Close100.625Aug 21, 2026Close100.500Aug 26, 2026Close100.563Aug 31, 2026Close100.250Sep 3, 2026Close100.219Sep 9, 2026Close100.000Sep 14, 2026Close99.438Sep 17, 2026Close99.406Sep 22, 2026Close99.250Sep 25, 2026Close98.938Sep 30, 2026Close98.813Oct 5, 2026Close98.938Oct 8, 2026Close99.125Oct 14, 2026Close99.031Oct 19, 2026Close99.156Oct 22, 2026Close99.469Oct 27, 2026Close99.281Oct 30, 2026Close99.656Nov 4, 2026Close99.688Nov 9, 2026Close99.750
The most recent 20 trading days of prices for 91282CKT7.
DateBidOfferClose
Nov 9, 202699.75099.76699.750
Nov 6, 202699.81399.82899.813
Nov 5, 202699.81399.82899.938
Nov 4, 202699.65699.67299.688
Nov 3, 202699.62599.64199.594
Nov 2, 202699.68899.70399.656
Oct 30, 202699.56399.59499.656
Oct 29, 202699.50099.51699.500
Oct 28, 202699.21999.23499.313
Oct 27, 202699.31399.32899.281
Oct 26, 202699.34499.35999.344
Oct 23, 202699.37599.40699.406
Oct 22, 202699.34499.35999.469
Oct 21, 202699.12599.14199.094
Oct 20, 202699.18899.20399.125
Oct 19, 202699.15699.18899.156
Oct 16, 202699.25099.28199.250
Oct 15, 202699.15699.17299.156
Oct 14, 202698.87598.89199.031
Oct 13, 202699.00099.01699.063

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 91282CKT7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 28, 2024May 31, 2024New issue$70.0bn$74.2bn2.30x4.553%

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.